PF Lender definition

PF Lender means a Lender with a PF L/C Commitment, a participation in an outstanding PF Letter of Credit or L/C Disbursement in respect thereof or a PF L/C Loan.
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PF Lender means each Lender having a PF Letter of Credit Commitment (or, to the extent terminated, an outstanding Credit-Linked Deposit).
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Examples of PF Lender in a sentence

  • The Administrative Agent hereby agrees to pay to each PF Lender, on each Interest Payment Date for the Credit-Linked Deposits, interest (computed on the basis of the actual number of days elapsed over a year of 360 days) on the amount of such PF Lender’s PF Pro Rata Percentage of the aggregate amount of the Credit-Linked Deposits during such Interest Period at a rate per annum equal to the Adjusted LIBO Rate for such Interest Period less the Credit-Linked Deposit Cost Amount.

  • Each PF Lender hereby authorizes the Administrative Agent to reimburse the Issuing Bank solely from such Lender’s PF Pro Rata Percentage of the Credit-Linked Deposits on deposit with the Administrative Agent in the Credit-Linked Deposit Account (it being understood that such amount shall be deemed to constitute a PF L/C Loan of such Lender and such payment shall be deemed to have reduced the PF L/C Exposure), and the Administrative Agent will promptly pay to the Issuing Bank such amounts.

  • Each Revolving Credit Lender and PF Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

  • Notwithstanding anything herein to the contrary, the funding obligation of each PF Lender in respect of its Participation in PF Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit.

  • Notwithstanding anything herein to the contrary, the funding obligation of each PF Lender in respect of its participation in PF Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit.

  • Notwithstanding anything herein to the contrary, the funding obligation of each PF Lender in respect of PF L/C Loans shall be satisfied in full upon the funding of its Credit-Linked Deposit.

  • In the event that on or prior to the first anniversary of the Restatement Date, any Term Lender or PF Lender (each an “Affected Lender”) receives a Repricing Prepayment (as defined below), then, at the time thereof, the Borrower shall pay to such Affected Lender a prepayment premium equal to 1.0% of the amount of such Repricing Prepayment.

  • Each Revolving Credit Lender, UF Lender and PF Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

  • Without the consent of the Administrative Agent, the Credit-Linked Deposit funded by any PF Lender shall not be released in connection with any assignment of its PF Letter of Credit Commitment, but shall instead be purchased by the relevant assignee and continue to be held for application (if not already applied) pursuant to Section 2.03(c) in respect of such assignee’s obligations under the PF Letter of Credit Commitment assigned to it.

  • In the event that, prior to January 27, 2006, any PF Lender or any Lender holding Term Loans (each a “Protected Lender”) receives a Repricing Prepayment (as defined below), then, at the time thereof, the Borrower shall pay to such Protected Lender a prepayment premium equal to 1.0% of the amount of such Repricing Prepayment.

Related to PF Lender

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

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

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

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • L/C Lender a Lender with an L/C Commitment.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Term A Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A Loans at such time.

  • Exiting Lender see Section 2.17.7.

  • Terminated Lender as defined in Section 2.19.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Selling Lender has the meaning specified in Section 11.7 (

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

  • Existing Lenders as defined in the recitals hereto.

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

  • Extending Lenders has the meaning specified in Section 2.08.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.