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Structured Lender definition

Structured Lender means any Person whose principal business consists of issuing commercial paper, medium term notes or other securities to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar assets or interests therein and which is required by any nationally recognized statistical rating organization which is rating such securities to obtain from its principal debtors an agreement such as that set forth in Section 18.11(a) of this Agreement in order to maintain such rating.
Structured Lender means any Person whose principal business consists ----------------- of issuing commercial paper, medium term notes or other securities to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar assets or interests therein and which is required by any nationally recognized rating agency which is rating such securities to obtain from its principal debtors an agreement such as that set forth in Section 18.12(a) of this Agreement in order to maintain such ---------------- rating.
Structured Lender means any Person whose principal business consists of issuing commercial paper, medium term notes or other securities to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar assets or interests therein and which is required by any nationally recognized rating agency which is rating such securities to obtain from its principal debtors an agreement such as that set forth in SECTION 8.12(a) of this Agreement in order to maintain such rating.

Examples of Structured Lender in a sentence

  • Notwithstanding anything contained in this Section 2.2(b) or elsewhere in this Agreement to the contrary, no Committed Lender shall be obligated to provide the Borrower with funds in connection with an Advance in an amount that would result in the portion of the Advances then funded by it exceeding its Commitment then in effect (minus the unrecovered principal amount of such Committed Lender’s investments in the Advances pursuant to the Structured Lender Liquidity Arrangement to which it is a party).

  • The foregoing shall not limit the rights of any Person to file any claim in or otherwise take any action with respect to any insolvency proceeding that was instituted against any Structured Lender by any Person other than such Person.

  • No transfer, assignment or other conveyance of, or sale of a participation interest in, a Class C Certificate (other than by a Structured Lender to a Permitted Transferee) shall be permitted unless the Transfer Agent and Registrar is permitted to register the same in accordance with the immediately preceding sentence.

  • Notwithstanding the foregoing, no Structured Lender shall be obligated to reimburse or indemnify the Agent pursuant to this Section 5.6; provided that one or more support Banks (severally and in such portions as is reasonably acceptable to such Structured Lender and the Agent) shall have agreed in a manner reasonably acceptable to such Structured Lender and the Agent to provide such reimbursement and indemnification to the aggregate extent of such Structured Lender's Percentage thereof.

  • For purposes of this Section 6.1, a "Permitted Transferee" means, with respect to any Structured Lender, any of its Support Banks.

  • The "Support Bank Percentage" of each Support Bank is as follows: __________________________.]**/ --------------------------- **Use bracketed language if Assignee is a Structured Lender and its Purchases are discretionary.


More Definitions of Structured Lender

Structured Lender means Conduit and any other Purchaser whose principal business consists of issuing commercial paper, medium term notes or other securities to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar assets or interests therein and that is required by any nationally recognized statistical rating agency that is rating such securities to obtain from its principal debtors an agreement such as that set forth in Section 6.10 in order to maintain such rating; and "Support Bank" means any bank or other financial institution extending or having a commitment to extend funds to or for the account of any Structured Lender (including by agreement to purchase an assignment of, or participation in, the Class B Note(s) held by such Person) under a liquidity or credit support agreement that relates to the Class B Note(s) purchased by such Structured Lender.
Structured Lender means any Holder of a Certificate whose principal business consists of issuing commercial paper, medium term notes or other securities to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar assets or interests therein and which is required by any nationally recognized rating agency which is rating such securities to obtain from its principal debtors an agreement such as that set forth in SECTION 13.9 of the Pooling Agreement in order to maintain such rating.

Related to Structured Lender

  • Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Institution has received a Restructuring Loss payment from the Receiver. This applies to owner occupied and investor owned residences.

  • Approved Lender is defined in Section 12.1.

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the Administrative Agent or L/C Issuer has a good faith belief that such Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that controls such Lender has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.

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

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Structured group means a group that is not randomly formed for the immediate commission of an offence and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • 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.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Reference Lender means, with respect to each Investor Group, the related Funding Agent or if such Funding Agent does not have a prime rate, an Affiliate thereof designated by such Funding Agent.

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • 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.

  • Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor (other than Holdings, the Borrower or any of their Subsidiaries and other than any Debt Fund Affiliate) or a Non-Debt Fund Affiliate.

  • Qualified Lender means a lender approved by the Director of Transportation to finance the transfer of Medallions under the former Taxi Medallion Sales Pilot Program or the Taxi Medallion Transfer Program.

  • Facility Agent has the meaning set forth in the Preamble.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Affiliated Lender Cap has the meaning set forth in Section 10.07(l)(iii).

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

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

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).