Tranche 2 Revolving Lender definition

Tranche 2 Revolving Lender means a Lender having a Tranche 2 Revolving Commitment, or if the Revolving Commitments have been terminated or reduced to zero, holding any Tranche 2 Revolving Loans.
Tranche 2 Revolving Lender means a Lender with a Tranche 2 Revolving Commitment.
Tranche 2 Revolving Lender each Lender that holds a Tranche 2 Revolving Commitment or has a Tranche 2 Revolving Loan.

Examples of Tranche 2 Revolving Lender in a sentence

  • Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16., each Tranche 2 Revolving Lender severally and not jointly agrees to make Tranche 2 Revolving Loans in a Tranche 2 Currency to the Borrower during the period from and including the Effective Date to but excluding the Revolving Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Tranche 2 Revolving Lender’s Tranche 2 Revolving Commitment.

  • Each Tranche 1 Revolving Lender or Tranche 2 Revolving Lender, as the case may be, will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the relevant Borrower at the relevant Funding Office prior to 12:00 Noon, on the Borrowing Date requested by such Borrower in funds immediately available to the Administrative Agent.

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  • Each Tranche 2 Revolving Lender, a commitment fee, which shall accrue at the Commitment Fee Rate (as defined below) on the daily average unused amount of such Lender's Tranche 2 Revolving Commitment for the period from and including November 13, 2009 to, but excluding, the date on which such Tranche 2 Revolving Commitment terminates.

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  • Promptly following receipt by the Administrative Agent of any payment from the Company pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Tranche 1 Revolving Lenders or Tranche 2 Revolving Lender, as applicable, have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Tranche 1 Revolving Lenders or Tranche 2 Revolving Lenders, as applicable, and the Issuing Bank as their interests may appear.

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  • The advances made on the Tranche 1 Revolving Maturity Date under this Section by each Tranche 2 Revolving Lender whose Applicable Percentage has increased shall be deemed to be a purchase of a corresponding amount of the Revolving Loans of the Tranche 2 Revolving Lender or Lenders whose Applicable Percentage has decreased.

  • Any payment made by a Tranche 1 Revolving Lender or a Tranche 2 Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any Tranche 1 LC Disbursement or Tranche 2 LC Disbursement, as applicable, shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such Tranche 1 LC Disbursement or Tranche 2 LC Disbursement, as applicable.

  • In connection with a Tranche 2 Revolving Lender Termination Event, the Borrower shall repay all outstanding Tranche 2 Revolving Facility Loans and shall terminate or Cash Collateralize all outstanding Letters of Credit.


More Definitions of Tranche 2 Revolving Lender

Tranche 2 Revolving Lender means each Lender that has a Tranche 2 Revolving Commitment or that holds Tranche 2 RevolvingLoans.
Tranche 2 Revolving Lender means each Revolving Lender who either (a) delivered to the Agent an executed signature page to the First Amendment on or before November 13, 2009 that indicated that such Lender agreed to the First Amendment or (b) delivers written notice to the Agent after November 13, 2009 that such Revolving Lender agrees to extend the maturity date of all of the Revolving Loans held by such Revolving Lender to the Tranche 2 Revolving Maturity Date.
Tranche 2 Revolving Lender means, as the context may require, a Multicurrency Tranche 2 Revolving Lender or a US Tranche 2 Revolving Lender.

Related to Tranche 2 Revolving Lender

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.