Reducing Lender definition

Reducing Lender has the meaning assigned to such term in Section 2.18.
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Reducing Lender is defined in Section 2.21.
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Reducing Lender means a Continuing Existing Credit Agreement Lender (a) whose Existing Credit Agreement Revolving Commitment immediately prior to the effectiveness of this Agreement (as a percentage of the aggregate Existing Credit Agreement Revolving Commitments of all Continuing Existing Credit Agreement Lenders immediately prior to the effectiveness of this Agreement), was greater than (b) its Revolving Commitment upon the effectiveness of this Agreement (as a percentage of the aggregate Revolving Commitments of all Lenders upon the effectiveness of this Agreement).
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Examples of Reducing Lender in a sentence

  • Each Reducing Lender shall thereupon be deemed to have assigned to the Increasing Lenders the amount of such excess, effective as of the date of such payment.

  • Such payments shall be distributed among the Reducing Lenders ratably in accordance with such excess of each Reducing Lender.

  • Each Increasing Lender and each Reducing Lender shall surrender its existing Note and each such Lender shall be issued a new Note in a face amount equal to such Lender’s Commitment Percentage times $600,000,000.

  • With respect to such reallocation, each Increasing Lender shall be deemed to have acquired the increase in the Commitments and Loans allocated to them from the Reducing Lenders pursuant to the terms of the Assignment and Acceptance Agreement attached as Exhibit “E” to the Credit Agreement as if each Increasing Lender and Reducing Lender had executed an Assignment and Acceptance Agreement with respect to such change in its allocation.

  • The Assigned Interest of a particular Reducing Lender shall be allocated to the Increasing Lenders proportionately in accordance with the Assigned Interest of each Increasing Lender.


More Definitions of Reducing Lender

Reducing Lender is defined in Section 2.1.6.
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Reducing Lender has the meaning provided in SECTION 2.28.
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Reducing Lender means a Lender whose Applicable Percentage under and as defined in the Restated Credit Agreement will be less than its Applicable Percentage under and as defined in the Existing Credit Agreement as in effect on the Fourth Restatement Effective Date.
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Reducing Lender means the Unicredit Bank Austria AG.
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Reducing Lender has the meaning set forth in Section 2.04(c) hereof.
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Reducing Lender is defined in Section 2.1.6. --------------- -------------
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Reducing Lender means a Lender whose New Commitment Amount is less than its Existing Commitment Amount.
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