Tranche 1 Lenders definition

Tranche 1 Lenders means each Lender and each Additional Tranche 1 Lender with a Tranche 1 Commitment and/or Tranche 1 Letter of Credit Outstandings.

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Tranche 1 Lenders. “Tranche 2 Lender,” or “Tranche 2 Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Facility Guarantor or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Tranche 1 Lenders means (a) on the date hereof, the Lenders having Tranche 1 Commitments on the signature pages hereof and (b) thereafter, the Lenders from time to time holding Tranche 1 Loans and Tranche 1 Commitments after giving effect to any assignments thereof permitted by Section 12.06(b) hereof.

Examples of Tranche 1 Lenders in a sentence

• The obligations of the Tranche 1 Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

• Notwithstanding anything to the contrary contained herein, upon the request of the Required Tranche 1 Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

• In the event the Administrative Agent receives a notice of prepayment under this Section, the Administrative Agent will give prompt notice thereof to the Tranche 1 Lenders; provided that if such notice has also been furnished to the Tranche 1 Lenders, the Administrative Agent shall have no obligation to notify the Tranche 1 Lenders with respect thereto.

• The obligations of the Lenders hereunder to make Committed Loans and to make payments pursuant to Section 11.04(c), and of the Tranche 1 Lenders to fund participations in Letters of Credit and Swing Line Loans, are several and not joint.

• Upon any change in the Tranche 1 Commitments of the Tranche 1 Lenders pursuant to Section 1.13 or 12.04(b), it is hereby agreed that, with respect to all outstanding Existing Tranche 1 Letters of Credit and Unpaid Drawings with respect thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2A.08 to reflect the new Tranche 1 Percentages of the assigning and assignee Tranche 1 Lender.

• If any L/C Issuer resigns as an L/C Issuer, it shall retain all the rights and obligations of an L/C Issuer hereunder with respect to all Letters of Credit issued by it outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Tranche 1 Lenders to make Base Rate Committed Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)).

• If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Tranche 1 Lenders to make Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).

• Each such reduction shall be applied to the Tranche 1 Commitments of the Tranche 1 Lenders on a pro rata basis based on the amount of such Tranche 1 Lenders’ respective Tranche 1 Commitments.

• To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent, the L/C Issuers and Swing Line Lender (which approvals shall not be unreasonably withheld), the Company may also invite additional Eligible Assignees to become Tranche 1 Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel.

• To the extent the Tranche 1 Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the Administrative Agent will make the aggregate of such amounts available to the applicable Borrower in accordance with Section 2.3(a) and in like funds as received by the Administrative Agent.

More Definitions of Tranche 1 Lenders

Tranche 1 Lenders means the Tranche 1 Initial Lenders (other than any such entity that has ceased to be a party hereto pursuant to an Assignment and Acceptance in accordance with Section 11.02), as well as any entity that becomes a “Tranche 1 Lender” hereunder pursuant to Section 11.02.

Tranche 1 Lenders means, collectively, each of the Persons who have agreed to be lenders under Tranche 1 and those other financial institutions who become a Party to this Agreement as a Lender under Tranche 1 pursuant to Section 3.4(e), Article 20 or otherwise, and “Tranche 1 Lender” means any of them.

Tranche 1 Lenders means the Lenders listed on the signature pages hereof who have a Tranche 1 Committed Amount greater than zero set forth thereon, subject to the provisions of Section 9.14 hereof pertaining to Persons becoming or ceasing to be Lenders; "Tranche 1 Lender " shall mean any one of them.