New Money Lender definition

New Money Lender means, at any time, a Lender with an outstanding New Money Loan or a Commitment at such time.
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New Money Lender means each of the banks, financial institutions and other lenders that is listed on the signature pages hereto as a "New Money Lender" and each other Person that may become a "New Money Lender" party to the New Money Credit Agreement pursuant to the terms hereof and thereof from time to time, in either case so long as such Person continues to be a party to the New Money Credit Agreement.
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New Money Lender means the Persons listed on Schedule 1.1 that has a Commitment and any Person that becomes a party hereto pursuant to an Assignment and Acceptance (other than any such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance) with respect to a New Money Loan or Commitments and includes their respective successors and permitted assigns.
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Examples of New Money Lender in a sentence

  • Each Original Lender shall have the right to purchase its pro rata share of the commitments in the New Money Facility which any New Money Lender proposes to transfer to a person who is not an Original Lender.

  • Transfer Restrictions Each lender under the New Money Facility (a “New Money Lender”) shall be free to transfer its commitments in the New Money Facility at any time after the New Money Facility has been utilised, in whole or in part, to another New Money Lender who is an original lender under the New Money Facility on the Restructuring Effective Date (an “Original Lender”).

  • Promptly following receipt of such notice, each New Money Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.08 with respect to Loans made by such New Money Lender (and Section 2.08 shall apply, mutatis mutandis, to the payment obligations of the New Money Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the New Money Lenders.

  • The failure of any Lender to make any New Money Loan required to be made by it shall not relieve any other New Money Lender of its obligations hereunder; provided that the Commitments of the New Money Lenders are several and no New Money Lender shall be responsible for any other New Money Lender’s failure to make New Money Loans as required.

  • By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the New Money Lenders, such Issuing Bank hereby grants to each New Money Lender, and each New Money Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such New Money Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.

  • Any payment made by a New Money Lender pursuant to this paragraph to reimburse the applicable Issuing Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • However, there shall be no limitation on the number of times, and no constraints in relation to consecutive Loan Interest Periods that any New MoneyLender, Junior A Lender or Junior B Lender may exercise Cure Rights with respect to a Loan Event of Default caused by a Tenant failing to pay rent under a Principal Lease.The amount of any money advance by a New Money Lender, Junior A Lender or Junior B Lender shall be treated as an additional amount of the New Money Loans owing to such curing Lender.

  • If the Borrower fails to make such payment when due, the Administrative Agent shall notify each New Money Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such New Money Lender’s Applicable Percentage thereof.

  • An assignment will only be effective on the Assignee acceding to (a) the Restructuring Agreement as a Participating Lender in accordance with its terms and (b) the Agency Agreement as a New Money Lender in accordance with its terms.

  • Subject to the terms and conditions set forth herein and in the DIP Order, (i) each New Money Lender agrees, severally and not jointly, to make first-lien term loans in Dollars to the Company on the Closing Date, in an amount equal to such Lender’s Commitment (each a “New Money Loan”).


More Definitions of New Money Lender

New Money Lender means, collectively, Xxxxx Partners Holdings LLC, a Delaware limited liability company and any other party that becomes a "Lender" under the New Money Credit Agreement pursuant to the terms thereof.
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New Money Lender means each Initial New Money Lender and each Person that shall become a New Money Lender hereto pursuant to Section 8.07.
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New Money Lender means each Lender having a Term Loan Commitment exceeding the amount of its Existing Term Loans (if any).
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New Money Lender means an Existing Facility Lender whose Commitment is greater than its Existing Commitment or an Original Lender who is not an Existing Facility Lender;
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Related to New Money Lender

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

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

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

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

  • Tranche C Lender means each Lender that has a Tranche C Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche C Commitment hereunder has been assigned pursuant to an Assignment and Assumption.

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

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

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

  • New Revolving Lender as defined in Section 2.24.

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

  • 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.

  • Other Lender has the meaning ascribed to it in Section 8.5(d).

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

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

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

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

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

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Exiting Lender see Section 2.17.7.

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

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.