Operating Lenders definition

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 has the meaning given to that term in Section 5.07(b).
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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

  • 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 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.

  • 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.

  • Drawdowns of, Conversions into and Rollovers of requested Libor Loans may only be made upon the Agent's or the Operating Lender's (as applicable) prior favourable determination with respect to the matters referred to in Section 13.1.

  • The Operating Lenders and the Term A Lenders shall be resident or deemed to be resident in Canada for purposes of the ITA on the Closing Date.

  • For existing crops, the Agreement provides that the Operating Lenders generally have senior priority.

  • Upon the occurrence of a foreclosure, the Operating Lenders are granted a non-exclusive right to enter and use the land to cultivate and/or harvest the existing crops to ensure a return on their senior priority lien.

  • Operating Lender and between the U.S. Borrower and each of the U.S. Operating Lenders), the Lenders will not be obliged to make available on any Borrowing Date Loans under any Tranche or Tranches in an aggregate amount less than the applicable minimum amounts set forth in Schedule 12 with respect to such Tranche or Tranches.

  • Strategic planning is part of Public Service reform initiatives in order to enhance efficiency in service delivery.

  • Alternate Operating Lender agrees on the terms and conditions of this Agreement, to make Accommodations available to Nationwide in accordance with its U.S. Alternate Operating Commitment at any time after execution and delivery by Nationwide of the U.S. Alternate Operating Lender's usual and customary documentation, if any, for the provision of cash management services.

  • If there is any legal action or proceeding between any of the Term Lenders and Operating Lenders arising from or based on this Agreement, the unsuccessful party to such action or proceeding shall pay to the prevailing party all costs and expenses, including, without limitation, reasonable attorney’s fees and disbursements, incurred by such prevailing party in such action or proceeding and in any appeal in connection therewith.


More Definitions of Operating Lenders

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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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 the Owner Trustee, the Collateral Trustee and the Participants.
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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, collectively, the Revolving Lenders and the Overdraft Lender and “Operating Lender” shall mean any one of the Operating Lenders.
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Related to Operating Lenders

  • Existing Lenders as defined in the recitals hereto.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • 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.

  • Continuing Lenders as defined in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • 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.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

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

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

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

  • Increasing Lenders is defined in Section 2.14.

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

  • 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.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

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

  • Exiting Lender see Section 2.17.7.

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

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • 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, collectively, all of the Lenders with a Revolving Credit Commitment.

  • 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).

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.