Significant Lender definition

Significant Lender means any Lender that, together with all of its Affiliates and Approved Funds, holds at least 50% of the outstanding Loans.
Sample 1
Significant Lender means a Lender that has a Significant Investment. For purposes of this Section 5(f), “Significant Investment” means the sum of the principal amount of the Note held by such Lender and the aggregate purchase price of the shares of the Company’s Series A Convertible Preferred Stock held by such Lender equals at least $1,000,000.
Sample 1
Significant Lender means, as of any date of determination, any Lender that holds in the aggregate more than 25% of the sum of (x) the aggregate outstanding principal amount of the Term Loans and (y) aggregate unfunded Term Commitments.
Sample 1

Examples of Significant Lender in a sentence

  • Each such policy of insurance shall (a) name the Collateral Agent for the benefit of the Lenders as an additional insured thereunder as its interests may appear and (b) in the case of each business interruption and casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to Collateral Agent and each Significant Lender, that names Collateral Agent for the benefit of Lenders as the loss payee thereunder for any covered loss.

  • Agent may be removed at any time with or without cause by the Requisite Lenders or any Significant Lender effective upon delivery of written notice thereof to Agent.

  • Each Lender hereby agrees to instruct the Collateral Agent (and the Collateral Agent agrees to follow such instructions) (x) upon the receipt by the Administrative Agent of a certificate from a Responsible Officer of the Borrower certifying, to the satisfaction of each Significant Lender, that (i) the agreements between the Borrower and each of Boeing Capital Corporation and Skywest Airlines, Inc.

  • With respect to any Security Collateral in which any Loan Party has any right, title or interest and that is not an uncertificated security, upon the request of the Collateral Agent or any Significant Lender, such Loan Party will notify each such issuer of Pledged Equity that such Pledged Equity is subject to the security interest granted hereunder.


More Definitions of Significant Lender

Significant Lender and “Warrant Shares” under the Warrant attached to the CLA as Exhibit C, shall be replaced in their entirety with the definitions below as following:
Sample 1
Significant Lender means a Holder (i) having a Lender Loan Amount equal to or greater than US$2,000,000, or (ii) who the Company’s Board of Directors has resolved to be considered a Significant Lender for all intents and purposes under the Warrant including by way of a side letter with such Holder.
Sample 1
Significant Lender means a Holder having a Lender Loan Amount equal to or greater than US$2,000,000.
Sample 1
Significant Lender means Braidwell (in its capacity as a Xxxxxx xxxxxxxxx), so long as (i) Braidwell is a Non-Defaulting Lender and (ii) Braidwell’s Total Credit Exposure represents more than 25.00% of the Total Credit Exposures of all Non-Defaulting Lenders. “SOFR Administrator” means the CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the secured overnight financing rate selected by the Agent (acting upon the instructions of the Required Lenders, in their reasonable discretion)).
Sample 1

Related to Significant Lender

  • Delinquent Lender has the meaning provided in SECTION 8.15.

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

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

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

  • Affiliate Lender shall have the meaning assigned to such term in Section 9.21(a).

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

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

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

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

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • 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.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

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

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Designating Lender has the meaning specified in Section 8.07(h).

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

  • 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.

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

  • Qualified Lender means a lender approved by the federal department of housing and urban development to enter into a loan insured by the federal government under 12 USC 1715z−20.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • New Revolving Lender as defined in Section 2.24.

  • Selling Lender has the meaning specified in Section 11.7 (

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

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

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).