Designated Lender

Example Definitions of "Designated Lender"
Designated Lender. Means any Lender, as determined by the Administrative Agent, that shall (a) be a Defaulting Lender (as defined in Section 13.06(c), (b) have failed to fund any participation in a Facility Letter of Credit or Swing Line Loan, (c) otherwise have failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (d) (i) have become insolvent or (ii)... have become the subject of a bankruptcy or insolvency proceeding or have had a receiver, conservator, trustee or custodian appointed for it, or shall have taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. View More
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