New Senior Lender definition

New Senior Lender means each of DSS and DSCM.
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New Senior Lender. Any lender that provides new senior mortgage financing to the Borrower, its successors and assigns, as further described in Section 3 herein.
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New Senior Lender means a bank or other financing institution which enters into a long term loan agreement (with the loan subject to such agreement having a term of at least one year) or a revolving credit agreement with the Company; provided that, in connection with the consummation of the agreement with such bank or other financing institution, (x) the Initial Senior Lender releases in writing all of its claims, whether accrued, matured or unmatured, against the Company and all of its security interests in any assets of the Company, and (y) the Lender has consented to the terms of such agreement (and the Lender agrees that it will not request any consideration for the issuance of such consent). 4 (xx) "Person" means any living person or any entity, such as, but not necessarily limited to, a corporation, partnership or trust.
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Examples of New Senior Lender in a sentence

  • New Senior Lender shall be deemed to have accepted and agreed to the terms of this Agreement by recordation of this Agreement at or about the time New Senior Security Instrument is recorded.

  • This Agreement represents the entire and complete agreement between Junior Lender and New Senior Lender.

  • Any waiver, modification or novation of this Agreement must be in writing, executed by New Senior Lender (or its successors or assigns) and Junior Lender (or its successors or assigns) and if this Agreement was recorded in the real estate records of the government entity in which the Property is located, recorded in such real estate records, to be enforceable.

  • Any waiver, modification or novation of this Agreement must be in writing, executed by New Senior Lender (or its successors or assigns) and Junior Lender (or its successors or assigns) and, if this Agreement was recorded in the real estate records of the government entity in which the Property is located, recorded in such real estate records, to be enforceable.

  • Boxlight Group shall have received the net proceeds from the Required Financing from the New Senior Lender or other financing source.

  • Each New Senior Lender acknowledges and agrees that such New Senior Lender shall have no rights as a Lender in respect of the repayment of any Loans or Disbursements made prior to the date hereof pursuant to the Existing Facility Agreement or any right to receive any Warrants.

  • The Facility Office and address, fax number and attention details for notices of the New Senior Lender for the purposes of Schedule 3 (Notice Details) of the Master Framework Agreement are set out in the Schedule.

  • On 26 January 2022, the Company entered into an agreement with a New Senior Lender replacing the Company’s previous senior debt facility.

  • Each New Senior Lender upon its delivery of a Joinder Deed Poll agrees to be bound by this agreement as to the amount of Senior Debt and Hybrid Debt (if applicable) Held by such Senior Lender identified in its Joinder Deed Poll.

  • If requested by the Grantor in writing, the Town agrees to provide a copy of all notices to any Senior Lender, Other Lender or New Senior Lender to the address so provided by the Grantor.


More Definitions of New Senior Lender

New Senior Lender has the meaning given to it in Clause 28.2 (Transfers by Senior Lenders).
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New Senior Lender. The lender under the New Senior Loan.
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New Senior Lender means any lender designated as such in each Facility Supplement.
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Related to New Senior Lender

  • Senior Lender means each holder of a Senior Note.

  • DIP Lender means a lender under the DIP Facility.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Prior Lender means a syndicate of lenders with a U.S. bank as a lender and as administrative agent for all of the lenders.

  • 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.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Additional Senior Debt Facility means each credit agreement, indenture or other governing agreement with respect to any Additional Senior Debt.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Obligations covered hereby, the Initial Second Priority Representative and (ii) in the case of any other Second Priority Debt Facility, the Second Priority Debt Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.