Non-Defaulting Lender definition: Copy, customize, and use instantly
Introduction
The term "Non-Defaulting Lender" refers to a lender in a financing agreement who has not breached the terms of the agreement or failed to fulfill their financial obligations. This term is crucial in the context of loan agreements and defaults, as it distinguishes lenders who are in good standing from those who may have triggered a default.
Below are various examples of how "Non-Defaulting Lender" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Non-Defaulting Lender" as a compliant lender
This definition ties "Non-Defaulting Lender" to a lender who has met all obligations.
"Non-Defaulting Lender" means a lender that has not failed to perform any material obligation under the loan agreement and continues to comply with its duties as set forth in the agreement.
Definition of "Non-Defaulting Lender" as a party in good standing
This definition connects "Non-Defaulting Lender" to good standing.
"Non-Defaulting Lender" refers to a lender that has not committed an event of default and is actively fulfilling all its financial commitments under the loan arrangement.
Definition of "Non-Defaulting Lender" as a lender without a breach
This definition links "Non-Defaulting Lender" to the absence of breach.
"Non-Defaulting Lender" means a lender that has not breached any provision of the loan agreement and is not in default under any term of the financing arrangement.
Definition of "Non-Defaulting Lender" as an unaffected lender
This definition applies "Non-Defaulting Lender" to a lender unaffected by default.
"Non-Defaulting Lender" refers to a lender that has not been impacted by any default, whether by the borrower or other lenders, and continues to meet the conditions of the loan agreement.
Definition of "Non-Defaulting Lender" as a lender with no defaults
This definition connects "Non-Defaulting Lender" to having no defaults.
"Non-Defaulting Lender" means a lender that has not been in default or failed to meet any financial or contractual obligations under the loan terms.
Definition of "Non-Defaulting Lender" as a responsible lender
This definition links "Non-Defaulting Lender" to responsibility.
"Non-Defaulting Lender" refers to a lender that has acted responsibly, fulfilling all of its obligations and not committing any actions that would trigger a default.
Definition of "Non-Defaulting Lender" as a lender in compliance
This definition ties "Non-Defaulting Lender" to compliance.
"Non-Defaulting Lender" means a lender that has adhered to all applicable provisions of the loan agreement and has not been involved in any default scenarios.
Definition of "Non-Defaulting Lender" as a reliable lender
This definition connects "Non-Defaulting Lender" to reliability.
"Non-Defaulting Lender" refers to a lender that has reliably met its obligations under the loan agreement and has not triggered any default provisions.
Definition of "Non-Defaulting Lender" as an unaffected party
This definition applies "Non-Defaulting Lender" to an unaffected party.
"Non-Defaulting Lender" means a party to the loan agreement that has not been affected by any default or failure to perform under the terms of the agreement.
Definition of "Non-Defaulting Lender" as a lender that is not in default
This definition links "Non-Defaulting Lender" to being not in default.
"Non-Defaulting Lender" means a lender that is not in default under the loan agreement and continues to honor all of its commitments as outlined in the contract.
Definition of "Non-Defaulting Lender" as a lender with no outstanding defaults
This definition ties "Non-Defaulting Lender" to the absence of outstanding defaults.
"Non-Defaulting Lender" refers to a lender with no outstanding defaults and whose obligations under the loan agreement remain fully in effect.
Definition of "Non-Defaulting Lender" as a lender in good financial standing
This definition connects "Non-Defaulting Lender" to financial standing.
"Non-Defaulting Lender" means a lender that remains in good financial standing, having met all necessary financial commitments under the terms of the loan agreement.
Definition of "Non-Defaulting Lender" as a lender free of breach
This definition links "Non-Defaulting Lender" to the concept of being free from breach.
"Non-Defaulting Lender" refers to a lender that is free of breach, has not caused any default events, and continues to comply with all loan terms.
Definition of "Non-Defaulting Lender" as an unaffected lender group member
This definition applies "Non-Defaulting Lender" to group membership.
"Non-Defaulting Lender" refers to a member of the lender group that has not caused any defaults and continues to fulfill all financial and contractual obligations under the loan agreement.
Definition of "Non-Defaulting Lender" as a lender without overdue obligations
This definition connects "Non-Defaulting Lender" to overdue obligations.
"Non-Defaulting Lender" means a lender that does not have any overdue obligations or defaulted payments under the terms of the loan agreement.
Definition of "Non-Defaulting Lender" as a lender with no event of default
This definition links "Non-Defaulting Lender" to no event of default.
"Non-Defaulting Lender" refers to a lender that has not caused any event of default under the loan agreement and continues to meet all required terms.
Definition of "Non-Defaulting Lender" as a lender in performance
This definition ties "Non-Defaulting Lender" to performance.
"Non-Defaulting Lender" means a lender that continues to perform all its duties under the loan agreement without triggering any default conditions.
Definition of "Non-Defaulting Lender" as a lender with no material breaches
This definition applies "Non-Defaulting Lender" to material breaches.
"Non-Defaulting Lender" refers to a lender that has not committed any material breach of the loan agreement and continues to honor its financial obligations.
Definition of "Non-Defaulting Lender" as a lender with no default history
This definition connects "Non-Defaulting Lender" to a clean default history.
"Non-Defaulting Lender" means a lender with no history of default under the terms of any previous agreements and continues to be in good standing.
Definition of "Non-Defaulting Lender" as a lender committed to obligations
This definition links "Non-Defaulting Lender" to commitment.
"Non-Defaulting Lender" refers to a lender that has remained committed to fulfilling its obligations under the loan agreement and has not committed any breach.
Definition of "Non-Defaulting Lender" as a lender unaffected by breach
This definition applies "Non-Defaulting Lender" to being unaffected by breach.
"Non-Defaulting Lender" means a lender that has not been affected by any breach or default and continues to comply with its financial commitments.
Definition of "Non-Defaulting Lender" as a lender that has performed all obligations
This definition connects "Non-Defaulting Lender" to performance.
"Non-Defaulting Lender" refers to a lender that has fully performed all obligations and responsibilities under the loan agreement and has not been involved in a default event.
Definition of "Non-Defaulting Lender" as a lender eligible to participate
This definition links "Non-Defaulting Lender" to participation.
"Non-Defaulting Lender" means a lender that is eligible to participate in decisions and actions under the loan agreement due to its non-defaulting status.
Definition of "Non-Defaulting Lender" as a lender with a clean record
This definition applies "Non-Defaulting Lender" to having a clean record.
"Non-Defaulting Lender" refers to a lender with a clean record of meeting obligations and fulfilling the terms of the financing agreement.
Definition of "Non-Defaulting Lender" as a lender not in breach
This definition connects "Non-Defaulting Lender" to the concept of not being in breach.
"Non-Defaulting Lender" means a lender that is not in breach of any terms of the loan agreement and continues to comply with all required financial terms.
Definition of "Non-Defaulting Lender" as a lender remaining in good standing
This definition ties "Non-Defaulting Lender" to remaining in good standing.
"Non-Defaulting Lender" refers to a lender that remains in good standing, having met all obligations under the loan agreement without triggering any default clauses.
Definition of "Non-Defaulting Lender" as a lender with no financial irregularities
This definition links "Non-Defaulting Lender" to financial integrity.
"Non-Defaulting Lender" means a lender that has no financial irregularities, continues to fulfill all obligations, and is not involved in any default events.
Definition of "Non-Defaulting Lender" as a lender that has not caused an event of default
This definition connects "Non-Defaulting Lender" to causation.
"Non-Defaulting Lender" refers to a lender that has not caused an event of default and continues to fulfill all obligations in accordance with the loan agreement.
Definition of "Non-Defaulting Lender" as a lender maintaining obligations
This definition applies "Non-Defaulting Lender" to maintaining obligations.
"Non-Defaulting Lender" means a lender who maintains all obligations under the loan agreement and has not been involved in any form of default.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.