Tranche B Revolving Lenders definition

Tranche B Revolving Lenders means, as of any date of determination, Lenders having a Tranche B Revolving Loan Commitment.
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Tranche B Revolving Lenders means a Lender with a Tranche B Revolving Commitment.
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Tranche B Revolving Lenders means the Persons listed on the Revolving Commitment Schedule (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term “Tranche B Revolving Lenders” shall include any such Affiliate or branch with respect to the Tranche B Revolving Loans made by such Affiliate or branch) as having a Tranche B Commitment and any other Person that shall acquire a Tranche B Commitment, other than any such Person that ceases to be an Tranche B Revolving Lender pursuant to an Assignment and Assumption. Each Lender that has a Tranche B Commitment (or any Affiliate or branch of any such Lender that is acting on behalf of such Lender) (i) shall be a financial institution that is listed on Schedule I, II, or III of the Bank Act (Canada), has received an approval to have a financial establishment in Canada pursuant to Section 522.21 of the Bank Act (Canada), as amended, or is not a foreign bank for purposes of the Bank Act (Canada), or (ii) is a financial institution not resident in Canada and not deemed to be resident in Canada for purposes of the ITA, and deals at arm’s length with each Canadian Borrower for purposes of the ITA.
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Examples of Tranche B Revolving Lenders in a sentence

  • In no event shall the Tranche B Revolving Lenders be obligated to make Tranche B Revolving Credit Loans (x) on or after March 31, 2005, (y) in excess of their respective Tranche B Revolving Commitment or (z) if the limitations contained in Section 2.1(a)(i) would be breached.

  • By deleting the definition of “Revolving Credit Lenders” in its entirety and substituting the following in its stead: “Revolving Credit Lenders” shall mean, collectively, Tranche A Revolving Lenders and Tranche B Revolving Lenders.

  • After each such request, the Tranche B Revolving Lenders shall lend, subject to the terms and conditions herein set forth (including, without limitation, in Section 7) an amount equal to $5,000,000, or such greater amount as the Borrower may request.

  • Each such reduction of Tranche B Commitments shall be made ratably among the Tranche B Revolving Lenders in accordance with their respective Tranche B Commitments.

  • The Administrative Agent shall have received counterparts of this Amendment executed by (i) the Administrative Agent and the Term Loan Administrative Agent, (ii) the Credit Parties and (iii) Lenders constituting the Supermajority Tranche A Revolving Lenders and the Supermajority Tranche B Revolving Lenders (each such consenting Lender, a "Consenting Lender" and, collectively, the "Consenting Lenders").

  • Upon such termination (and the repayment of the Tranche B Credit Extensions in accordance with the provisions of this Agreement), all obligations and rights (except those rights, but not obligations, which expressly survive such termination) of the Tranche B Revolving Lenders to the Borrower , the Agent and the other Lenders shall be terminated.


More Definitions of Tranche B Revolving Lenders

Tranche B Revolving Lenders means, at any time, any Lender that has a Tranche B Revolving Commitment at such time.
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Related to Tranche B Revolving Lenders

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • New Revolving Lender as defined in Section 2.24.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

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

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • 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).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Canadian Revolving Commitment means, with respect to each Revolving Lender, the commitment, if any, of such Revolving Lender to make Canadian Revolving Loans hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender or in the Assignment and Assumption pursuant to which such lender assumed its Canadian Revolving Commitment. The Canadian Revolving Commitment of each Revolving Lender is a sub-commitment of its Revolving Commitment and, as such, may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Revolving Lender pursuant to Section 11.04. The aggregate amount of the Lenders’ Canadian Revolving Commitments on the Closing Date is $40 million.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

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

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • 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.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).