Unaffiliated Committed Lender definition

Unaffiliated Committed Lender means each Committed Lender that is not related to a Conduit Group.
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Examples of Unaffiliated Committed Lender in a sentence

  • From and after the occurrence and during the continuance of an Amortization Event, all Loans of any Unaffiliated Committed Lender and all Liquidity Fundings shall accrue Interest at the Default Rate.

  • On the Settlement Date for each Loan of an Unaffiliated Committed Lender and each Liquidity Funding, Borrower shall pay to the Funding Account for further remittance by the Funding Agent to the applicable Co-Agent (for the benefit of the related Committed Lenders) an aggregate amount equal to the accrued and unpaid Interest on each such Loan or Liquidity Funding in accordance with Article II.

  • If a Conduit declines to make its Percentage of a proposed Advance, Borrower may cancel the Borrowing Notice as to all Lenders or, in the absence of such a cancellation, the Advance will be made by each Unaffiliated Committed Lender, each other Conduit and such Conduit’s Committed Lenders.

  • Each Unaffiliated Committed Lender and each Committed Lender in any Conduit Group hereby designates the Person designated on the Lender Supplement as Co-Agent for such Unaffiliated Committed Lender or Conduit Group, as applicable, as agent for such Person hereunder and authorizes such Person to take such actions as agent on its behalf and to exercise such powers as are delegated to the Co-Agent for such Person by the terms of this Agreement together with such powers as are reasonably incidental thereto.

  • Each Unaffiliated Committed Lender shall, at the request of Borrower, make its Percentage of such Advance.

  • Subject to Section 4.5, the initial Interest Rate for any Loan of each Unaffiliated Committed Lender and each Liquidity Funding shall be Adjusted Term SOFR (unless the Default Rate is then applicable).

  • Prior to the occurrence and continuance of an Amortization Event, the outstanding principal balance of each Loan made by an Unaffiliated Committed Lender and each Liquidity Funding shall accrue interest for each day during its Interest Period at either Adjusted Term SOFR, the Adjusted Federal Funds Rate or the Alternate Base Rate in accordance with the terms and conditions hereof.

  • Upon receipt of a Borrowing Notice, (a) each Unaffiliated Committed Lender severally agrees to fund a Loan in an amount equal to its Percentage of the requested Advance specified in such Borrowing Notice, and (b) each Co-Agent shall determine whether its Conduit will fund a Loan in an amount equal to its Conduit Group’s Percentage of the requested Advance specified in such Borrowing Notice.

Related to Unaffiliated Committed Lender

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Affected Lender has the meaning specified therefor in Section 2.13(b) of the Agreement.

  • Augmenting Lender has the meaning assigned to such term in Section 2.20.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

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

  • Terminated Lender as defined in Section 2.23.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

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

  • Declining Lender has the meaning specified in Section 2.05(c).