Define: Defaulting Lender

What does "Defaulting Lender" mean? The meaning differs based on the contract. We found 4 definitions across 4 companies in SEC filings.

Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Defaulting Lender means any Lender that (a) has failed to fund any portion of its Loans within two Business Days of the date required to be funded by it hereunder, (b) has notified the Borrower, the Administrative Agent, or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to that effect, (c) has failed, within three Business Days after request by the Administrative Agent or the Borrower, to confirm in writing that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans, (d) has, or has a direct or indirect parent company that has, become the subject of a proceeding under any bankruptcy or insolvency law, or (e) has become the subject of a Bail-In Action.

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 2 (AMAZON COM INC, seen in 1 filing)

Defaulting Lender means a Lender that has failed to make payments or meet other obligations.

Source: AMAZON COM INC 8-K

Definition 3 (Salesforce, Inc., seen in 1 filing)

Defaulting Lender means a Lender that fails to fund its portion of Loans or meet other obligations.

Source: Salesforce, Inc. 8-K

Definition 4 (APPLIED MATERIALS INC /DE, seen in 1 filing)

Defaulting Lender means a Lender that fails to meet its funding obligations.

Source: APPLIED MATERIALS INC /DE 8-K

Data extracted from 4 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 4
Companies: 4
Keywords:
Defaulting Lenderdefinitioncontract languagelegal termSEC filing

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