Example ContractsClausesApproved Lender
Approved Lender
Approved Lender contract clause examples

Approved Lender” means with respect to any Revolving Lender (i) any Lender that is not a CP Conduit and is a financial institution (including a securities broker-dealer or Affiliate thereof) or other institutional lender with a short-term rating by S&P of at least A-1(or an entity whose obligations hereunder are absolutely and unconditionally guaranteed by an entity that has a short-term rating by S&P of at least A-1 and meets then-current S&P guarantee criteria at such time) and (ii) any Lender that is a CP Conduit (x) whose Commercial Paper Notes are rated at least A-1 or the equivalent rating by a Conduit Rating Agency and (y) that is provided liquidity support by an entity a short-term rating by S&P of at least A-1; provided, in each case, that any Revolving Lender (including a CP Lender) that has fully funded the Lender Collateral Account in accordance with the provisions set forth in Sections 8.3(d) and 11.5(b)(i) shall be an Approved Lender notwithstanding that its (or any such parent guarantor’s or its Commercial Paper Notes’) ratings are below such levels; provided further that all Lenders shall be Approved Lenders.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1. “Bank” is defined in the preamble hereof.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

Approved Lender” is defined in Section 12.1.

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