Common use of Annual Meetings with Banks Clause in Contracts

Annual Meetings with Banks. At the request of the Administrative Agent or the Required Banks, the Borrower shall, at least once during each fiscal year of the Borrower, hold a meeting (at a mutually agreeable location and time) with all of the Banks at which meeting the financial results of the previous fiscal year and the financial condition of the REIT and its Subsidiaries and the budgets presented for the current fiscal year of the REIT and its Subsidiaries shall be reviewed, with each Bank bearing its own travel, lodging, food and other costs associated with attending any such meeting.

Appears in 2 contracts

Samples: Credit Agreement (Eldertrust), Credit Agreement (Eldertrust)

AutoNDA by SimpleDocs

Annual Meetings with Banks. At the request of the Administrative -------------------------- Agent or the Required Banks, Holdings and the Borrower shall, at least once during each fiscal year of the BorrowerHoldings, hold a meeting (at a mutually agreeable location and time) with all of the Banks at which meeting the financial results of the previous fiscal year and the financial condition of the REIT Holdings and its Subsidiaries and the budgets presented for the current fiscal year of the REIT Holdings and its Subsidiaries shall be reviewed, with each Bank bearing its own travel, lodging, food and other costs associated with attending any such meeting.

Appears in 2 contracts

Samples: Credit Agreement (Host Marriott Corp/Md), Credit Agreement (HMC Park Ridge LLC)

Annual Meetings with Banks. At the request of the Administrative Agent or the Required BanksAgent, the Borrower shall, at least once during each fiscal year of the Borrower, hold a meeting (at a mutually agreeable location and time) with all of the Banks at which meeting the financial results of the previous fiscal year and the financial condition of the REIT and its Subsidiaries Borrower and the budgets presented for the current fiscal year of the REIT and its Subsidiaries shall be reviewed, with each Bank bearing its own travel, lodging, food and other costs associated with attending any such meeting.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Container Co LLC)

AutoNDA by SimpleDocs

Annual Meetings with Banks. At the request of the Administrative Agent or the Required Banks, the Borrower shall, at least once during each fiscal year of the Borrower, hold a meeting (at a mutually agreeable location and time) with all of the Banks at which meeting the financial results of the previous fiscal year and the financial condition of the REIT Holdings and its Subsidiaries and the budgets presented for the current fiscal year of the REIT Holdings and its Subsidiaries shall be reviewed, with each Bank bearing its own travel, lodging, food and other costs associated with attending any such meeting.

Appears in 1 contract

Samples: Credit Agreement (Host Marriott Corp/Md)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!