Retiring Lenders definition

Retiring Lenders has the meaning set forth in the recitals.
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Retiring Lenders has the meaning specified in the introduction to this Agreement.
Sample 1
Retiring Lenders means the "Lenders" under (and as defined in) the Existing Credit Agreement immediately prior to the effectiveness of the amendment and restatement thereof provided for hereby that indicated on the signature pages hereof under the caption "LENDERS".
Sample 1

Examples of Retiring Lenders in a sentence

  • Each Retiring Lender, by its execution and delivery of a written confirmation of the termination of its Commitment under the Existing Credit Agreement, shall, as of the Restatement Effective Date, cease to be a “Lender” under (and, accordingly, shall cease to be a party to) the Existing Credit Agreement, and the Borrower hereby confirms and agrees that, as of the Restatement Effective Date, the Retiring Lenders shall have no obligations or liabilities under the First Amended and Restated Credit Agreement.

  • Each Retiring Lender shall, as of the Closing Date, cease to be a "Lender" under (and, accordingly, shall cease to be a party to) the Existing Credit Agreement, and the Borrower hereby confirms and agrees that, as of the Closing Date, the Retiring Lenders shall have no obligations or liabilities under this Agreement; provided, that the Retiring Lenders shall be entitled to the benefits of Section 10.5.

  • It is expressly agreed that the Retiring Lenders are third party beneficiaries of the provisions of Sections 2A.08 and 2B.08 of the Amended Credit Agreement and the rights and remedies of the Retiring Lenders thereunder may not be amended, waived, supplemented or otherwise modifies without their prior written consent.

  • On the Amendment Effective Date, upon the repayment of each Retiring Lender's Advances as provided in Section 4(B) hereof and all other amounts owing to such Retiring Lender as provided in Section 4(E) hereof, each Retiring Lender shall cease to be a Lender (and if such Retiring Lender is also a Managing Agent, such Retiring Lender shall cease to be a Managing Agent) for all purposes of the Credit Agreement and the other Loan Documents.

  • Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness owing to the Retiring Lenders under the Existing Credit Agreement as of the Effective Date shall have been (or shall be simultaneously) paid in full.

  • The Borrower shall have paid: (1) all interest and other amounts owing in respect of the Advances owing to the Retiring Lenders, (2) all interest accrued on the A Advances owing to the Existing Lenders and (3) all commitment fee payable under Section 2.04(a) of the Credit Agreement, in each case to the extent accrued to the Amendment Effective Date.

  • The Letters of Credit outstanding under the Existing Credit Agreement on the Effective Date shall continue to be outstanding under the Amended Credit Agreement and the terms of the Amended Credit Agreement will govern the rights of the Borrowers, the Retiring Lenders, the Continuing Lenders and the Additional Lenders with respect thereto.

  • As used in this Fourth Amendment, the terms "Administrative Agent", "Borrower", "Credit Agreement", "Existing Lenders", "Fourth Amendment", "Fourth Amendment Effective Date", "New Lenders" and "Retiring Lenders", shall have the meanings indicated above.

  • The Borrower, the Agent, Citizens, the Lenders, Wachovia Bank ("Wachovia"), and Bank of America, N.A. (formerly known as Bank of America National Trust and Savings Association) ("Bank of America" together, with Wachovia, the "Retiring Lenders") are presently parties to a certain Loan and Security Agreement dated August 19, 1998 (as the same has been amended and modified prior to the date hereof, the "Original Loan Agreement").

  • Each Retiring Bank shall, as of the Closing Date, cease to be a "Lender" under (and, accordingly, shall cease to be a party to) the Existing Credit Agreement, and the Borrower hereby confirms and agrees that, as of the Closing Date, the Retiring Banks shall have no obligations or liabilities under this Agreement; provided, that the Retiring Lenders shall be entitled to the benefits of Section 10.5.

Related to Retiring Lenders

  • Continuing Lenders as defined in the recitals hereto.

  • Existing Lenders as defined in the recitals hereto.

  • 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.

  • 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.

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

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

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

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

  • Extending Lenders has the meaning specified in Section 2.08.

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

  • Exiting Lender see Section 2.17.7.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

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

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

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

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • 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).

  • 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.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • 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.

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

  • Increasing Lenders is defined in Section 2.14.

  • New Revolving Lender as defined in Section 2.24.