Common use of Banks Clause in Contracts

Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days prior to the relevant payment.

Appears in 7 contracts

Samples: Multicurrency Revolving Credit Facility (Scottish Power PLC), Multicurrency Revolving Credit Facility (Scottish Power PLC), Multicurrency Revolving Credit Facility Agreement (Scottish Power PLC)

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Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five 5 Business Days prior to the relevant payment.

Appears in 5 contracts

Samples: Revolving Credit Facility (WDR Acquisition Corp), Credit Agreement (Entergy Power Uk PLC), Revolving Credit Facility (S Acquisition Corp)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days' prior notice from that Bank to the relevant paymentcontrary. (b) The Agent may at any time, and shall if requested to do so by the Majority Banks, convene a meeting of the Banks.

Appears in 4 contracts

Samples: Term Loan Facility (Sonera Corp), Multicurrency Revolving Credit Facility (Cousin Acquisition Inc), Term Loan Facility (Sonera Corp)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days’ prior notice from that Bank to the relevant paymentcontrary. Each Bank, on the date on which it becomes a party to this Agreement, represents to the Agent and the Borrowers that it is an Approved Bank. (b) The Agent may at any time, and shall if requested to do so by the Majority Banks, convene a meeting of the Banks.

Appears in 3 contracts

Samples: Credit Agreement (Adecco Sa), Credit Agreement (Adecco Sa), Facility Agreement (Adecco Sa)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days’ prior notice from that Bank to the relevant paymentcontrary. (b) The Agent may at any time, and shall if requested to do so by the Majority Banks, convene a meeting of the Banks.

Appears in 3 contracts

Samples: Syndicated Bridge Loan Facility (Anglogold Ashanti LTD), Syndicated Loan Facility (Anglogold Ashanti LTD), Credit Agreement (British Energy Group PLC)

Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 Business Days' prior notice from the that Bank to the contrary by not less than five Business Days prior to the relevant paymentcontrary.

Appears in 2 contracts

Samples: Credit Facility Agreement (Lg Electronics Inc), Credit Facility Agreement (Lg Electronics Inc)

Banks. The Each Agent may treat each Bank as a Bank, entitled to payments under this Agreement the Finance Documents and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five 5 Business Days prior to the relevant payment.

Appears in 2 contracts

Samples: Credit Facility Agreement (Azurix Corp), Credit Facility (Azurix Corp)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days prior notice from a Bank to the relevant paymentcontrary.

Appears in 2 contracts

Samples: Credit Agreement (Yorkshire Power Group LTD), Credit Facility Agreement (Yorkshire Power Group LTD)

Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days’ prior notice from that Bank to the relevant paymentcontrary. The Agent shall maintain a list of the Banks and their respective addresses for notices, and shall, promptly upon request from any Party from time to time, supply a copy of that list to that Party.

Appears in 1 contract

Samples: Eleventh Supplemental Agreement (KNOT Offshore Partners LP)

Banks. The Each of the Agent and the Security Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the that Bank to the contrary by not less than five (unless otherwise agreed by the Agent or, as the case may be, the Security Agent) 5 Business Days Days' prior to the relevant payment.

Appears in 1 contract

Samples: Loan Facility Agreement (Diamond Cable Communications PLC)

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Banks. The Facility Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days’ prior notice from that Bank to the relevant paymentcontrary.

Appears in 1 contract

Samples: Bonding Guarantee Facility Agreement (Alstom)

Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five 5 Business Days prior to the relevant payment.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Waterford Wedgwood PLC)

Banks. The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days' prior notice from that Bank to the relevant paymentcontrary. The Agent shall maintain a list of the Banks and their respective addresses for notices, and shall, promptly upon request from any Party from time to time, supply a copy of that list to that Party.

Appears in 1 contract

Samples: Second Priority Credit Facility (Golar LNG LTD)

Banks. The Facility Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days Days' prior notice from that Bank to the relevant paymentcontrary.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Facility (Securitas Ab)

Banks. The Facility Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five (5) Business Days Days' prior notice from that Bank to the relevant paymentcontrary.

Appears in 1 contract

Samples: Bridge Facility Agreement

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