Retiring Financier definition

Retiring Financier means a Financier that proposes to effect a novation of some or all of its obligations under the Bank Finance Documents (see clause 30 "Substitution of Financiers").
Sample 1
Retiring Financier means the person so described in the "Details" section of this agreement.
Sample 1
Retiring Financier means a Financier which arranges a substitution or assignment under clause 13 in respect of all or any part of its rights and obligations under the Finance Documents.
Sample 1

Examples of Retiring Financier in a sentence

  • By paying the Retiring Financier, the Substitute Financier is taken to have advanced the Substitution Amount to the Borrower on the terms of the Subscription Agreement.

  • The Primary Contractor and/or its BH-MCO must, however, include such information in any new version of these documents to be distributed to Members and Providers.

  • Four counterparts of the Substitution Agreement must be signed by the Retiring Financier and the Substitute Financier and given to the Facility Agent on or before the sixth Business Day before the substitution is to take effect.

  • Each of the Retiring Financier and the Substitute Financier represent and warrant to the other parties that the requirements of clause 18 of the Facility Agreement have been complied with in relation to the Substituted Commitment.

  • With effect on and from the Substitution Date the Mezzanine Agent must make all payments due under the Facility Agreement in connection with the Substituted Commitment to the Substitute Financier, without having any further responsibility to the Retiring Financier in respect of the same.

  • With effect on and from the Substitution Date the Senior Agent must make all payments due under the Facility Agreement in connection with the Substituted Commitment to the Substitute Financier, without having any further responsibility to the Retiring Financier in respect of the same.

  • The Mezzanine Agent enters into this agreement for itself and as agent for each of the parties to the Facility Agreement (other than the Substitute Financier) and as attorney for each of the parties to the Security Trust Deed and the Intercreditor Deed (other than the Substitute Financier and the Retiring Financier).

  • Those clauses apply (subject to any agreement to the contrary) as if references to the Facility Agent included the Retiring Financier.

  • The Senior Agent enters into this agreement for itself and as agent for each of the parties to the Facility Agreement (other than the Substitute Financier) and as attorney for each of the parties to the Security Trust Deed and the Intercreditor Deed (other than the Substitute Financier and the Retiring Financier).

  • The Partnership, each Senior Creditor and each Retiring Financier under the Existing Facilities acknowledges that on receipt by those Senior Creditors and Retiring Financiers of the amount owing to them in connection with the Existing Facilities on the Debt Refinance Date the commitment of each of those Senior Creditors and Retiring Financiers under the Existing Facilities is cancelled.


More Definitions of Retiring Financier

Retiring Financier means a Financier which proposes to have some or all of its obligations and rights under the Bank Finance Documents assumed by and assigned to another person .
Sample 1

Related to Retiring Financier

  • Holdout Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • 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.

  • Exiting Lender see Section 2.17.7.

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

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

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

  • Continuing Lenders as defined in the recitals hereto.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

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

  • Exit Facility Agent means the agent under the Exit Facility.

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

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

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

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

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

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

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

  • Existing Agent has the meaning assigned to such term in the recitals hereto.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.