Syndication Interest definition

Syndication Interest means the proportionate interest of each Lender in the Credit Facility as set forth on the Schedule of Lenders' Proportions in Credit Facility, as the same may be amended or restated from time to time.

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Syndication Interest shall have the meaning set forth in Section 15.1.

Syndication Interest shall have the meaning set forth in Section 16.1.

Examples of Syndication Interest in a sentence

Any Lender may at any time pledge its Syndication Interest in the Credit Facility, the Credit Agreement and the Loan Documents to a Federal Reserve Bank, but no such pledge shall release that Lender from its obligations hereunder or grant to such Federal Reserve Bank the rights of a Lender hereunder absent foreclosure of such pledge.
The Administrative Agent shall maintain such books of account and records relating to the Loans as it maintains with respect to other loans of similar type and amount, and which shall clearly and accurately reflect the Syndication Interest of each Syndication Party.
In no event shall any Lender be liable to fund any amounts under the Credit Facility in excess of its respective Syndication Interest in any Borrowing.
Until such time as the Replacement Lenders shall have acquired all of the Syndication Interest of the Holdout Lender or Defaulting Syndication Party hereunder and under the other Loan Documents, the Holdout Lender or Defaulting Syndication Party shall remain obligated to provide the Holdout Lender’s or Defaulting Syndication Party’s Funding Share of Advances.
The Administrative Agent shall maintain such books of account and records relating to the Loans as it reasonably deems appropriate in its sole discretion, and which shall accurately reflect the Syndication Interest of each Syndication Party and shall be conclusive and binding on Borrower and the Syndication Parties absent manifest error.
Until such time as the Replacement Lenders shall have acquired all of the Syndication Interest of the Holdout Lender hereunder and under the other Loan Documents, the Holdout Lender shall remain obligated to provide the Holdout Lender’s Funding Share of Advances.
Each Lender's obligation to advance Borrowings in the proportionate amount of its Syndication Interest in the Credit Facility of any unreimbursed amounts outstanding under any Letter of Credit pursuant hereto is several, and not joint or joint and several.
Agent shall maintain such books of account and records relating to the Loan as it maintains with respect to other loans of similar type and amount, and which shall clearly and accurately reflect the Syndication Interest of each Syndication Party.
Each Syndication Party represents that it has acquired and is retaining its Syndication Interest in the Loan for its own account in the ordinary course of its banking or financing business and not with a view toward the sale, distribution, further participation, or transfer thereof.
The failure of any Lender to perform its obligation to advance a Borrowing in a proportionate amount of such Lender's Syndication Interest of any unreimbursed amounts outstanding under a Letter of Credit will not relieve any other Lender of its obligation hereunder to advance such Borrowing in the amount of such other Lender's proportionate Syndication Interest of such amount, nor relieve the Lender which has failed to fund of its obligation to fund hereunder.

More Definitions of Syndication Interest

Syndication Interest shall have the meaning set forth in Section 4.8.

Syndication Interest. Section 11.1 "Syndication Party LC Payment Date" Section 11.3.3 "Syndication Party Loan Payment Date" Section 11.3.2 "Syndication Party Payment Date" Section 11.3.3 "Termination Date" Section 2.1 "Three Month Anniversary Date" Section 5.2 "Transfer" Section 11.26 "Unused Commitment Fee Reset Date" Section 4.9 "Unused Line Fee" Section 4.9 "Variable Rate" Section 4.1 "Well▇ ▇▇▇go California" Section 4.1 "Wire Instructions" Section 11.27

Syndication Interest shall have the meaning set forth in Section 15.1. Syndication Parties: shall mean those entities listed on Schedule 1 hereto as having an Individual Commitment and such Persons as shall from time to time execute (a) a Syndication Acquisition Agreement substantially in the form of Exhibit 15.27 hereto signifying their election to purchase all or a portion of the Syndication Interest of any Syndication Party, in accordance with Section 15.27 hereof, and to become a Syndication Party hereunder. Syndication Party Advance Date: shall have the meaning set forth in Section 15.2. 18 Term Loan Credit Agreement: shall mean that certain Credit Agreement (10 Year Term Loan) dated as of December 12, 2007 by and between Guarantor and CoBank, as administrative agent for all syndication parties thereunder, and as a syndication party thereunder, and the other syndication parties set forth on the signature pages thereto, as amended from time to time. Transfer: shall have the meaning set forth in Section 15.27. 2013 Credit Agreement (5-Year Revolving Loan): means that certain 2013 Credit Agreement (5-Year Revolving Loan), dated as of June 26, 2013, by and between Guarantor and CoBank, as administrative agent for all syndication parties thereunder, and as a syndication party thereunder, and the other syndication parties party thereto, as amended, supplemented or otherwise modified from time to time. USA Patriot Act: shall have the meaning set forth in Subsection 9.24.2. US Tax Obligor: means an Obligor some or all of whose payments under a Loan Document are from sources within the United States for U.S. federal income tax purposes. Wholly Owned Subsidiary: means, at any time, any Subsidiary one hundred percent (100%) of all of the equity interests (except directors’ qualifying shares) and voting interests of which are owned by any one or more of Guarantor and Guarantor’s other Wholly Owned Subsidiaries at such time.

Syndication Interest shall have the meaning set forth in Section 13.1. Syndication Parties: means those entities listed on Schedule 1 hereto as having an Individual Commitment and such Persons as shall from time to time execute (a) an Assignment Agreement substantially in the form of Exhibit 13.27 hereto signifying their election to purchase all or a portion of the Syndication Interest of any Syndication Party, in accordance with Section 13.27 hereof, and to become a Syndication Party hereunder; or (b) an Adoption Agreement substantially in the form of Exhibit 2.9 hereto in connection with any Incremental Commitment and/or Incremental Loans as provided in Section 2.9 hereof. 17