Refusing Lender definition

Refusing Lender has the meaning set forth in Section 2.5(a).
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Refusing Lender has the meaning set forth in Section 2.20(a).
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Refusing Lender as defined in Section 10.15(a).
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Examples of Refusing Lender in a sentence

  • If more than one Lender under the same Facility wishes to acquire the Proposed Participation of the Refusing Lender, such Lenders shall acquire the Proposed Participation pro-rata to their existing Proposed Participations in the relevant Facility.

  • Any amount received by a Refusing Lender under this clause 2.7 (Adjustments by Lenders) shall be deemed to be a payment of sums owed by the relevant Borrower to the relevant Refusing Lender.

  • If any Lender does not consent in writing or respond to the Borrower's request then such Lender (a "Refusing Lender") shall be deemed to have rejected such request.

  • Amounts deposited into the L/C Cash Deposit Account pursuant to this Section 2.10(i) shall be made available to the Issuing Bank to the extent such Refusing Lender would have been required to make such amount available to the Issuing Bank in accordance with Section 2.10(f) if the Commitments of such Refusing Lender had not terminated on the relevant Maturity Date.

  • Upon such payment, (i) the 5-Year Commitments of each such Refusing Lender shall terminate, (ii) each such Refusing Lender shall cease to be a Lender hereunder and (iii) the 5-year Commitment shall be reduced by an amount equal to the aggregate Individual 5-Year Commitments of each such Refusing Lender.

  • For the avoidance of doubt, the other Lenders under the Uncommitted Facility shall have no obligation whatsoever to make available (part of) the requested Utilisation that would otherwise have been funded by the Refusing Lender.

  • Once all amounts owing to the Refusing Lender have been paid in full and the Refusing Lender has received the appropriate indemnifications with respect to any of its then outstanding Letters of Credit under Facility B, the Refusing Lender will enter into an Assignment in favour of the Agreeing Lender.

  • Any Lender (a "Refusing Lender") that does not confirm to the Agent and the Borrower within 7 days after receipt of such notice from the Borrower that it will make such Advance requested by the Borrower, may, in its sole discretion, refuse to provide such Advance.

  • Given the uncommitted character of the Uncommitted Facility, a Refusing Lender may refuse to fund any requested Utilisation even if the conditions set out in paragraph (b) below are complied with by the proposed Borrower(s).

  • If a Refusing Lender does not provide an Advance in connection with an acquisition described above, the Proportionate Share of any Advances made to finance such acquisition, shall be determined without reference to the Commitment of such Refusing Lender, provided that for certainty, no Lender shall be obligated to make or provide Advances in excess of its Commitment.


More Definitions of Refusing Lender

Refusing Lender has the meaning assigned to that term in subsection 2.1F.
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Refusing Lender has the meaning specified in Section 2.04(b)(iv).
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Refusing Lender means a Lender or Lenders that refuses to grant a waiver or give its consent or that does not respond to a waiver or consent request within a reasonable time set out in the relevant request and such vote prevents a waiver or consent to be given under the Agreement regardless of whether the decision requires the approval of all the Lenders or the Majority Lenders.
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Refusing Lender has the meaning given to that term in Clause 5.4(b) (Availability).
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Related to Refusing Lender

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

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

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

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

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

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

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

  • New Revolving Lender as defined in Section 2.24.

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

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • New Lender as defined in Section 2.24(b).

  • Assigning Lender means as specified in Section 13.8(b).

  • Exiting Lender see Section 2.17.7.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • 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.

  • Existing Lenders as defined in the recitals hereto.

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

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

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

  • Selling Lender has the meaning specified in Section 11.7 (

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Augmenting Lender has the meaning assigned to such term in Section 2.20.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Swing Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.