New GIEK Lender definition

New GIEK Lender has the meaning set out in Clause 21 (Changes to the Parties).
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New GIEK Lender means one or several institutions replacing a GIEK Lender under the GIEK Facility either pursuant to Clause 9.5 (Fixing the margin for the GIEK Lender Facility) or an entity that has been consented to by the Borrower (such consent not to be required if an Event of Default has occurred and is continuing and otherwise not to be unreasonably withheld or delayed and which shall be deemed to have been given fifteen (15) Business Days after being sought unless expressly refused within that period), the relevant GIEK Lender and GIEK.
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New GIEK Lender means one or several institutions replacing a GIEK Lender under the GIEK Facility either pursuant to Clause 9.5 (Fixing the margin for the GIEK Lender Facility) or an entity that has been consented to by the Borrower (such consent not to be required if (i) the relevant entity is GIEK or Eksportkreditt Norge AS or (ii) an Event of Default has occurred and is continuing, and otherwise not to be unreasonably withheld or delayed and which shall be deemed to have been given fifteen (15) Business Days after being sought unless expressly refused within that period), the relevant GIEK Lender and GIEK. EXECUTION VERSION
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Examples of New GIEK Lender in a sentence

  • The New GIEK Lender shall, on the date upon which an assignment or transfer takes place pay to the GIEK Facility Agent (for its own account) a fee of USD 3,000.

  • Each of the Obligors undertakes to procure that in relation to any Transfer, each of the Obligors shall (at its own cost) at the request of the GIEK Facility Agent execute such documents as may in the discretion of the GIEK Facility Agent be necessary to ensure that the New GIEK Lender attains the benefit of the Finance Documents.

  • Re-transfer to an Existing Lender Nothing in any Finance Document obliges an Existing Lender to: accept a re-transfer from a New Lender or a New GIEK Lender of any of the rights and obligations assigned or transferred under this Clause 27; or support any losses directly or indirectly incurred by the New Lender or New GIEK Lender by reason of the non-performance by any Borrower of its obligations under the Finance Documents or otherwise.

  • The New GIEK Lender shall, upon satisfaction in full of all amounts due to the GIEK Lender, automatically and without any notice or formalities of any kind whatsoever, have the right of subrogation into the rights of the GIEK Lender under the Finance Documents.

  • Each of the Obligors waives any right to dispute or delay a subrogation of the rights under the Finance Documents to the New GIEK Lender effectuated pursuant to the terms of this Agreement, and each of the Obligors undertakes to sign and execute any document required by the New GIEK Lender in connection with a subrogation as aforesaid, and/or enforcement of the Finance Documents.

  • Assignment or transfer fee Unless the Agent otherwise agrees and excluding an assignment or transfer to an Affiliate of a Lender, the New Lender (or New GIEK Lender, as applicable) shall, on the date upon which an assignment or transfer takes place pay to the Agent (for its own account) a fee of USD three thousand (3,000).

Related to New GIEK Lender

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • DIP Lender means a lender under the DIP Facility.

  • New Revolving Lender as defined in Section 2.24.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • L/C Lender a Lender with an L/C Commitment.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Term A Lender means, at any time, any Lender that has a Term A Commitment or a Term A Loan at such time.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

  • New Lender as defined in Section 2.1(c).

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Selling Lender has the meaning specified in Section 11.7 (

  • Incremental Lender has the meaning assigned to such term in Section 2.22(b).

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.