Operating Lenders definition

Operating Lenders has the meaning given to that term in Section 5.07(b).
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Operating Lenders means, collectively, the Canadian Operating Lender and the U.S. Operating Lender, and “Operating Lender” means either one of them as the context requires.
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Operating Lenders means, collectively, the financial institutions set forth on the signature pages hereof as Lenders with Lender's Operating Commitments (and any Assignee thereof upon such Assignee executing and delivering an assignment and assumption agreement referred to in Section 12.08(5) to the Borrower and the Administrative Agent), and in the singular any one of such Lenders.
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Examples of Operating Lenders in a sentence

  • Notwithstanding any other provision of the Documents to the contrary, the Operating Lenders, the Fronting Lenders, the Agent and the Lenders shall not be liable to any of the Borrowers 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.

  • The sole obligation of the Operating Lenders, the Fronting Lenders, and the Agent and the Lenders with respect to Letters of Credit is to cause to be paid a Draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter of Credit and for such purpose the relevant 77 Operating Lender, the relevant Fronting Lender, or Agent, as the case may be, is only obliged to determine that the Draft purports to comply with the terms and conditions of the relevant Letter of Credit.


More Definitions of Operating Lenders

Operating Lenders has the meaning given to that term in Section 5.07(b). “Operating Projects” means the Projects listed on Schedule 1.01(f).
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Operating Lenders means the Owner Trustee, the Collateral Trustee and the Participants.
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Operating Lenders means the financial institutions listed as such in the signature pages of this Agreement and each Transferee of such Person relative to its rights and obligations under the Operating Facility and any immediate or subsequent Transferee of any such Transferee relative to such rights and obligations;
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Operating Lenders means, collectively, the Revolving Lenders and the Overdraft Lender and “Operating Lender” shall mean any one of the Operating Lenders.
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Operating Lenders means the Cdn. Operating Lender and the U.S. Operating Lenders, and "OPERATING LENDER" shall mean any one of the Operating Lenders.
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Related to Operating Lenders

  • Lenders shall include each Agent in its individual capacity.

  • 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.

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

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • 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).