Local Lender means a local government unit as defined in paragraph (n), a state or federally chartered bank, a savings association, a state or federal credit union, Agribank and its affiliated organizations, or a nonprofit economic development organization or other financial lending institution approved by the commissioner.
Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Administrative Agent), that provides a Local Credit Facility to a Local Borrower (and, solely to the extent of any obligations relating directly to the applicable Local Loans, Affiliates or Subsidiaries of such banks or financial institutions (in each case, such Affiliates or Subsidiaries to be reasonably acceptable to the Administrative Agent)).
Local Lender appearing in Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by deleting the text “Agents” in both places it appears in said definition and inserting the text “Administrative Agent” in lieu thereof.
Examples of Local Lender in a sentence
Parties agree that the Employer will not be financially responsible for the repayment of any loan made by Local Lender to Employer’s employees.
Parties agree that the MOU may be amended on the initiative of either the Local Lender or the Employer by submitting a proposed amendment in writing to the other party and agreement of that party to the amendment.
As part of this mission, Local Lender is engaged in the Community Loan Center Affordable Small Dollar Loans Program (the “Program”) to provide a lower-cost alternative to high cost payday loans, pawn shops, check cashing, and signature loan outlets.
Local Lender will be responsible for preparation of the loan documents and for administrative and overhead expenses incurred by Local Lender.
Parties agree that the Employer will not be a beneficiary, nor profit directly or indirectly from the loan payments deducted from employee’s payroll and transferred to Local Lender.
More Definitions of Local Lender
Local Lender means a local government unit as defined in paragraph (n); a local unit of government with taxing or special assessment authority, such as a watershed district, a drainage authority, or a township; a state or federally chartered bank; a savings association; a state or federal credit union; Agribank and its affiliated organizations; or a nonprofit economic development organization or other financial lending institution approved by the commissioner.
Local Lender contained in the Fleer Credit Agreement shall be deemed to be references to the lender party to the Local Loan Agreement, (ii) "Local Loan Agreement" contained in the Fleer Credit Agreement shall be deemed to be references to such amended and restated agreement and (iii) "Local Loan" contained in the Fleer Credit Agreement shall be deemed to be references to the loan under the Local Loan Agreement.
Local Lender means, with respect to Local European Loans borrowed by (a) Hexcel-Belgium, Credit Suisse First Boston, (b) Salver, Credit Suisse First Boston, (c) Composites-Austria, Credit Suisse First Boston, (d) Hexcel-Spain, Credit Suisse First Boston Aktiengesellschaft and (e) any Additional Borrower, the Lender (or Affiliate or Subsidiary thereof) which has delivered a Local Lender Joinder Agreement with respect to such Additional Lender, in each case in such Local Lender's capacity as the lender of such Local European Loans.
Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Agents) that is located in the jurisdiction of organization or formation of the applicable Foreign Subsidiary to which such Local Lender makes a Local Credit Facility
Local Lender means a non-depository small business lender that has a physical location in Oregon and that:¶
Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Agents) that is located in the jurisdiction of organization or formation of the applicable Foreign Subsidiary to which such Local Lender makes a Local Credit Facility available.
Local Lender with respect to the relevant Foreign Borrower; PROVIDED that no Revolving Credit Lender shall be so designated without its agreement (in its sole discretion) to serve as the "Local Lender" with respect to such Foreign Borrower hereunder. Upon any such designation and the receipt by the Administrative Agent of a Local Lender Joinder Agreement, duly executed and delivered by such designated Local Lender, such Revolving Credit Lender shall be deemed to be the "Local Lender" with respect to such Foreign Borrower for all purposes under this Agreement and the other Credit Documents.