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

  • Although we would like more enforcement in place it has been confirmed that Hauliers are in general obeying the restrictions.

  • 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.

  • 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.

  • Substitute Lender acknowledges and agrees as specified in Section 9.3 of the Loan Agreement, which applies as if references to the Agent included the Retiring Lender and references to any Debt Document included this agreement.

  • If the New Letter of Credit has not been issued by the end of the Declining Lender Notice Period, Clause 4.5(b) shall apply (on the assumption, if not the case, that a Substitute Lender has not been found by the time specified in Clause 4.4(a)) and the Agent shall promptly deliver a Lloyd’s Termination Notice (in accordance with Clause 4.3 (Declining Lender Mechanics)).


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 Borrower, the Lenders and the Administrative Agent, each in its sole discretion, and approved by the Joint Bookrunners (including such a bank or financial institution that is already a Lender hereunder), which assumes all or a portion of the Commitment 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).