Approved Commercial Bank definition

Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Asset Sale” means:
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5 billion.

Examples of Approved Commercial Bank in a sentence

  • In either case, such appointment shall be subject to the prior written approval of Borrower (which approval may not be unreasonably withheld or unreasonably delayed if such successor is an Approved Commercial Bank and which shall not be required upon the occurrence and during the continuance of an Event of Default pursuant to Section 9.1(a), (b) or (f)).

  • If no successor Agent shall have been so appointed by the Required Lenders with such consent of the Borrower and shall have accepted such appointment within 30 days after the retiring Agent’s giving of notice of resignation, then the retiring Agent may, on behalf of the Lenders and with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), appoint a successor Agent, that shall be an Approved Commercial Bank.


More Definitions of Approved Commercial Bank

Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Approved Fund” shall have the meaning set forth in Section 12.04(a)(ii).
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Asset Sale” means any sale, lease, transfer or other disposition (whether in a single transaction or a series of related transactions) of any
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5 billion. “Authenticating Agent” means any agent of the Trustee which at any time shall be appointed and acting pursuant to the provisions ofSection 7.13.
Approved Commercial Bank means a commercial bank with a consolidated combined capital surplus of at least $5,000,000,000. “Applicable Premium” means, with respect to a Note at any redemption date, the greater of:
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Approved Electronic Platform” shall have the meaning assigned to such term in Section 8.03(a).
Approved Commercial Bank a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Approved Fund”: as defined in Subsection 11.6(b). “Asset Disposition”: any sale, lease, transfer, Division or other disposition of shares of Capital Stock of a Restricted Subsidiary (other than directors’ qualifying shares, or (in the case of a Foreign Subsidiary) to the extent required by any applicable law), property or other assets (each referred to for the purposes of this definition as a “disposition”) by the Borrower or any of its Restricted Subsidiaries (including any disposition by means of a merger, consolidation or similar transaction) other than (i) a disposition to the Borrower or a Restricted Subsidiary,
Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000. “Approved Electronic Communications” means each notice, demand, communication, information, document and other material that any Loan Party is obligated to, or otherwise chooses to, provide to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein, including (a) any supplement to the Guaranty, any joinder to the Pledge and Security Agreement and any other written Contractual Obligation delivered or required to be delivered in respect of any Loan Document or the transactions contemplated therein and (b) any Financial Statement, financial and other report, notice, request, certificate and other informational material; provided that “Approved Electronic Communications” shall exclude (i) any Notice of Borrowing, Letter of Credit Request, Notice of Conversion or Continuation, and any other notice, demand, communication, information, document and other material relating to a request for a new, or a conversion of an existing, Borrowing, (ii) any notice pursuant to Section 2.8 and Section 2.9 and any other notice relating to the payment of any principal or other amount due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any Default or Event of Default and (iv) any notice, demand, communication, information, document and other material required to be delivered to satisfy any of the conditions set forth in Article III or Section 2.4(a) or any other condition to any Borrowing or other extension of credit hereunder or any condition precedent to the effectiveness of this Agreement. “Approved Electronic Platform” has the meaning set forth in Section 10.3(a). “Approved Fund” means any Fund that is advised, or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or Affiliate of an entity that administers or manages a Lender. “Arawak Facility” means the credit facility provided by the Credit Agreement, dated as of December 22, 2017, among the Borrower, Holdings and Arawak IX, L.P. (as amended, supplemented, waived or otherwise modified from time to time). “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit A.