Standby Lender definition

Standby Lender means the Bank or such other company in the Lessor’s Group as shall be nominated by the Lessor for such purpose;
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Standby Lender means Svenska Handelsbanken AB (publ) acting through its London branch;
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Standby Lender and "Issuing Bank" (as the case may be) shall include any such person aforesaid notwithstanding that such person may have made no advance to the Borrowers hereunder and notwithstanding also that the indebtedness of the Borrowers to such person may be operation of law or otherwise constitute, or be deemed to constitute, an indebtedness separate and distinct from the indebtedness arising on the date of drawing of the Commitment or the Standby Commitment or the issue of a Bank Guarantee in respect of which the assignment or other transfer of rights, title and interest is made.
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Examples of Standby Lender in a sentence

  • Lender shall determine in its sole and absolute discretion whether or not it is able to enter into the Standby Loan Transaction and the Lessor shall notify the Lessee as soon as possible after the Standby Lender has conducted its review and reached its conclusions (and in any event such notification to be given by the Review Notification Date).

  • Such credit interest will be computed in accordance with an interest rate and upon terms from time to applicable to accounts of this type with the Standby Lender.

  • Each Bank and the Standby Lender shall maintain, in accordance with its usual practice, an account or accounts evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents.

  • The relationship between the Agent on the one part and each Bank, each Issuing Bank, the Standby Lender, the Co-Arrangers and the Security Agent on the other is that of agent and principal and, except in relation to any moneys referred to in Clause 25.3(B)(vi) held by the Agent pending distribution hereunder, the Agent shall not have a fiduciary relationship with or be, or be deemed to be, a trustee of or for any such party.

  • Notwithstanding any other term of this Agreement (but without prejudice to Clause 25.4 (I) or the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Co-Arrangers, the Issuing Banks, the Agent, the Security Agent, the Banks and the Standby Lender are several and the amount due to the Co-Arrangers, each Issuing Bank, the Agent, the Security Agent, each Bank and the Standby Lender (each for its own account) is a separate and independent debt.

  • The Co-Arrangers, the Issuing Banks, the Agent, the Security Agent, any Bank and the Standby Lender shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Co-Arrangers, any Issuing Bank, the Agent, the Security Agent, any Bank or the Standby Lender (as the case may be) to be joined as an additional party in any proceedings for this purpose.

  • Where any right, power or discretion is vested in the Security Agent under this Agreement or any other Security Document but is expressed as being exercisable in accordance with the directions of the Banks and the Standby Lender or the Majority Banks, such right, power or discretion shall not be exercised by the Security Agent without the lawful directions of the Banks and the Standby Lender or the Majority Banks (as the case may be).

  • The Agent shall maintain a control account showing the Advances and other sums owing to the Issuing Banks, the Agent, the Security Agent, the Banks and the Standby Lender under the Security Documents and all payments in respect thereof made from time to time.

  • The control account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing to the Issuing Banks, the Agent, the Security Agent, the Banks and the Standby Lender under the Security Documents.

  • The minimum amount which may be drawn for any fixed period is $500,000 (unless the Standby Lender shall consent to a lesser or other amount).


More Definitions of Standby Lender

Standby Lender means the bank or financial institution which funds the purchase of the Haewene Brim Equipment by the Standby Purchaser pursuant to the Standby Put Option Deed;
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Standby Lender means the bank or financial institution which funds the purchase of the Equipment by the Standby Purchaser pursuant to the terms of the Standby Put Option Deed; "Standby Purchaser Assigned Account" means the interest bearing Dollar account of the Standby Purchaser with ING Bank N.V. acting through its Amsterdam head office]designated "Haewene Brim Standby Purchaser Assigned Account" and includes any redesignation or sub-accounts thereof; "Sterling" and "£" and "pounds" means the lawful currency for the time being of the United Kingdom; "Total Loss" has the same meaning as in the Standby Sub-Lease but includes Compulsory Acquisition (as defined in the Standby Sub-Lease). 1.2
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Standby Lender means either of CIBC or BofA, in their capacity as parties to the Agreement, or any of their successors or permitted assigns under Paragraph 3(f) of the Agreement; and “Standby Lenders” shall mean all such parties collectively.
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Standby Lender shall have the meaning ascribed to the term "Subordinated Lender" in the Intercreditor Agreement.
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Standby Lender means GMAC Commercial Mortgage Association, a California corporation.
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Related to Standby Lender

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of Borrower, on behalf of Borrower or any Qualified Subsidiary in respect of obligations of Borrower or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which Borrower or such Qualified Subsidiary is or proposes to become a party in Borrower’s or such Qualified Subsidiary’s business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Standby LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all standby Letters of Credit outstanding at such time plus (b) the aggregate amount of all LC Disbursements relating to standby Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Standby LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Standby LC Exposure at such time.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • 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.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

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

  • Issuing Lender means, with respect to any Letter of Credit, the Lender which agrees or is otherwise obligated to issue such Letter of Credit, determined as provided in subsection 3.1B(ii).

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

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

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Standby Fee has the meaning defined in Section 2.7.

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

  • Facility Letter of Credit means a Letter of Credit issued hereunder.