Substitute Lender definition

Substitute Lender has the meaning specified in Section 2.18(a).

Substitute Lender has the meaning set forth in Section 2.07(a).

Substitute Lender as defined in Section 10.13(a).

Examples of Substitute Lender in a sentence

• The Substitute Lender shall assume the rights and obligations of the Former Lender under this Agreement.

• Notwithstanding anything herein to the contrary, with respect to a Lender that is a Non-Funding Lender, the Administrative Agent may, but shall not be obligated to, obtain a Substitute Lender and execute an Assignment on behalf of such Non-Funding Lender at any time with three Business Days’ prior notice to such Non-Funding Lender (unless notice is not practicable under the circumstances) and cause such Lender’s Loans and Commitments to be sold and assigned, in whole or in part, at par.

• Any such designation of a Substitute Lender under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

• Without prejudice to the survival of any other agreement of the Borrower hereunder, the agreements of the Borrower contained in Sections 3.5, 3.6, 3.7, 11.7 and 11.20 (without duplication of any payments made to such Lender by the Borrower or the Substitute Lender) shall survive for the benefit of any Lender replaced under this Section with respect to the time prior to such replacement.

• Any such designation of a Substitute Lender under clause (a) or (b) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

More Definitions of Substitute Lender

Substitute Lender is defined in Section 4.11.

Substitute Lender has the meaning assigned in Section 2.13(a).

Substitute Lender has the meaning specified in Section 10.23(a).

Substitute Lender as defined in Section 3.11.

Substitute Lender means a commercial bank or other financial institution, acceptable to the Parent, the Lenders and the Administrative Agent, each in its sole discretion, and approved by the Structuring Agent (including such a bank or financial institution that is already a Lender hereunder), which assumes all or a portion of the Loan of a Lender pursuant to the terms of this Agreement.

Substitute Lender has the meaning assigned to such term in Section ----------------- 2.06(f).

Substitute Lender has the meaning given to such term in Section 1.14(a).