Notice Lenders definition

Notice Lenders means at any time Lenders owed at least 25% in interest of the then aggregate unpaid principal amount of the Revolving Credit Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least 25% in interest of the Revolving Credit Commitments.
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Notice Lenders has the meaning set forth in Section 2.6.
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Notice Lenders means at any time Lenders holding in excess of 15% of the aggregate unpaid principal amount of the Advances, or if no such Advances are at the time outstanding, Lenders having in excess of 15% of the aggregate amount of the Commitments.
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Examples of Notice Lenders in a sentence

  • But if, within one year after Holder actually received the Lien Enforcement Notice, Lender's enforcement of the Lien has not been completed or Lender has not accepted a deed in lieu of foreclosure, Lender must give a new Lien Enforcement Notice to Holder before completing the enforcement of the Lien or accepting a deed in lieu of foreclosure.

  • Upon receiving a Mandatory Prepayment Offer Notice, Lenders may elect to have their Loans prepaid in whole or in part in integral multiples of $1,000 in exchange for cash.

  • After Lenders’ receipt of the Commitment Increase Request Notice, Lenders will review the information available to them and conduct any legal and business due diligence deemed necessary by them in connection with their attempt to obtain their respective requisite credit approvals and such approval shall be in each Lender’s sole discretion.

  • If Company does not revoke such Notice, Lenders shall make, convert or continue the Committed Loans, as proposed by Company, in the amount specified in the applicable notice submitted by Company, but such Committed Loans shall be made, converted or continued as Alternate Base Rate Committed Loans instead of Eurodollar Rate Committed Loans.

  • If Borrowers do not revoke such Notice, Lenders shall make, convert or continue the Loans, as proposed by Borrowers, in the amount specified in the applicable notice submitted by Borrowers, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Revolving Loans.

  • From and after the Renewal Date or anniversary of the Renewal Date selected for termination under this Agreement in a Borrower's Termination Notice or Lender's Termination Notice, Lender's Obligation to make loans, advances and/or extend credit to or for the Borrower shall cease.

  • The Borrower, the Agent and each of the Short Notice Lenders hereby consent to the assignment of the Assigned Interests to the Assignee and the assumption of the Assumed Obligations by the Assignee and agree to recognize the Assignee as a Lender under the Credit Agreement as fully as if the Assignee had been an original party to the Credit Agreement.

  • Each of the Short Notice Lenders hereby consents to the increase in the maximum principal amount of the Credit Facility and the increase in the Commitment of BNP Paribas (Canada) as provided for herein.


More Definitions of Notice Lenders

Notice Lenders means at any time either (i) the Tranche A Lender or (ii) Tranche B Lenders holding in excess of 15% of the aggregate unpaid principal amount of the Tranche B Advances, or if no such Advances are at the time outstanding, Tranche B Lenders having in excess of 15% of the aggregate amount of the Commitments with respect to Tranche B.
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Notice Lenders has the meaning given such term in Section 9.06.
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Related to Notice Lenders

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • 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.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Non-BA Lender means any Lender which is not a BA Lender.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Issuing Lenders means all such Persons, collectively.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • 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 Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

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

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Applicable Lender has the meaning assigned to such term in Section 2.06(d).

  • Applicable Lenders means the Required Lenders, all affected Lenders, or all Lenders, as the context may require.

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