Tranche One Lender definition

Tranche One Lender means a Lender with a Tranche One Commitment or a Tranche One Revolving Credit Exposure.
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Tranche One Lender means each Lender to which one or more Tranche One Loans are owed.
Sample 1
Tranche One Lender means (i) each bank or other institution listed on the Commitment Schedule as having a Tranche One Commitment, (ii) each Assignee which becomes a Tranche One Lender pursuant to Section 10.06(c), (iii) each Substitute Lender which becomes a Tranche One Lender pursuant to Section 8.06 and (iv) their respective successors.
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Examples of Tranche One Lender in a sentence

  • If such Borrower fails to make such payment when due, the applicable Issuing Bank shall notify the Administrative Agent thereof, and the Administrative Agent shall in turn notify each Tranche One Lender or Tranche Two Lender, as applicable, of the applicable LC Disbursement, the amount and currency of the payment then due from such Borrower in respect thereof and such Lender’s Tranche One Percentage or Tranche Two Percentage thereof.

  • Each Tranche One Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrowers pursuant to this subsection (a) from time to time during the Tranche One Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Tranche One Revolving Loans held by such Lender shall not exceed its Tranche One Commitment.

  • Promptly following receipt of such notice, each Tranche One Lender shall pay to the Issuing Bank its Tranche One Applicable Percentage of such Tranche One Base Rate Borrowing, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Tranche One Lenders).

  • Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Tranche One Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

  • If such Borrower fails to make such payment when due, the Administrative Agent shall notify each Tranche One Lender or Tranche Two Lender, as applicable, of the applicable LC Disbursement, the amount and currency of the payment then due from such Borrower in respect thereof and such Lender’s Tranche One Percentage or Tranche Two Percentage thereof.

  • By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Tranche One Lenders, the Issuing Bank hereby grants to each Tranche One Lender, and each Tranche One Lender hereby acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Tranche One Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.

  • In consideration and in furtherance of the foregoing, each Tranche One Lender hereby absolutely and unconditionally agrees to pay to the Issuing Bank, such Lender’s Tranche One Applicable Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason.

  • The Borrower acknowledges that each Tranche One Lender (or its predecessor-in-interest) made a Tranche One Loan to the Borrower on the Original Closing Date, which is evidenced by one or more Senior Secured Notes issued pursuant to the Original Agreement.

  • Xxxx Title: First Vice President For any Lender requiring a second signature line: by Name: Title: SIGNATURE PAGE TO CREDIT AGREEMENT Schedule 2.01 Commitments Tranche One Lender Commitment JPMorgan Chase Bank, N.A. $ 65,000,000 Bank of America, N.A. $ 65,000,000 Xxxxx Fargo Bank, N.A. $ 65,000,000 The Bank of Nova Scotia $ 55,000,000 The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch $ 55,000,000 U.S. Bank National Association $ 55,000,000 Citibank, N.A. $ 40,000,000 Mizuho Corporate Bank Ltd.

Related to Tranche One Lender

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

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

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

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

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • 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.

  • 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).

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Revolving Loan Lender means a Lender with a 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.

  • 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.

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

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

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

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

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

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

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

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

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.