Recovering Lender definition

Recovering Lender is defined Section 4.10.1.
Recovering Lender has the meaning specified in Section 11.4(b);
Recovering Lender has the meaning given to it in Clause 19.1;

Examples of Recovering Lender in a sentence

  • On a distribution by the Facility Agent under Section 4.10.2 of a payment received by a Recovering Lender from the Borrower, solely as between the Borrower and the Recovering Lender, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by the Borrower.

  • The Facility Agent shall treat the Sharing Payment as if it had been paid by the Borrower and distribute it between the Lenders (other than the Recovering Lender) (the "Sharing Lenders") in accordance with Section 4.8 of this Agreement towards the obligations of the Borrower to the Sharing Lenders.

  • On a distribution by the Facility Agent under Section 4.9.2 of a payment received by a Recovering Lender from the Borrower, solely as between the Borrower and the Recovering Lender, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by the Borrower.

  • The Facility Agent shall treat the Sharing Payment as if it had been paid by the Borrower and distribute it between the Lenders (other than the Recovering Lender) (the "Sharing Lenders") in accordance with Section 4.7 of this Agreement towards the obligations of the Borrower to the Sharing Lenders.


More Definitions of Recovering Lender

Recovering Lender shall have the meaning set forth in Section 18.4.
Recovering Lender is defined Section 4.10.1. "Redistributed Amount" is defined Section 4.10.4.
Recovering Lender has the meaning given to it in Clause 22.1.