Operating Lender definition

Operating Lender means Royal in its capacity as lender under the Operating Credit Agreement;

Examples of Operating Lender in a sentence

The Borrower hereby grants to the Agent and the Operating Lender a fixed charge and specific security interest in such sums on deposit as security for such obligations.
Such cash collateral shall be applied to satisfy the obligations of the Borrower for such Letters of Credit as payments are made thereunder and the Operating Lender is hereby irrevocably directed by the Borrower to so apply any such cash collateral.
Each determination by the Agent or an Operating Lender, as the case may be, of Adjusted Term XXXXX and Adjusted Daily Compounded XXXXX, as applicable, applicable to an Interest Period shall, in the absence of manifest error, be conclusive evidence thereof.
Each determination by the Agent or the Operating Lender, as the case may be, of the Canadian Prime Rate applicable from time to time during an Interest Period shall, in the absence of manifest error, be conclusive evidence thereof.
Notwithstanding any other provision of the Documents to the contrary, the Operating Lender, the Agent and the Lenders shall not be liable to the Borrower for any consequential, indirect, punitive or exemplary damages with respect to action taken or omitted to be taken by any of them under or in respect of any Letter of Credit.

Operating Lender means ATB in its capacity as the provider of the Operating Facility and any successor pursuant to terms hereof;

Operating Lender means either one of them as the context requires.

Operating Lender means The Toronto-Dominion Bank or any other Lender which hereafter has an Operating Facility Commitment.

Operating Lender means any one of the Operating Lenders.

Operating Lender means, initially, RBC, or any other Lender which from time to time provides the Operating Facility to the Borrower.

Operating Lender means, BNS in its capacity as lender under the Operating Credit Agreement.