Common use of Compliance with Non-Qualifying Bank Rules Clause in Contracts

Compliance with Non-Qualifying Bank Rules. Each Swiss Obligor shall at all times ensure that it complies with the Non-Qualifying Bank Rules. For purposes of compliance with the Non-Qualifying Bank Rules, the Parent shall assume for the purposes of determining the total number of creditors which are not Qualifying Banks that at all times there are 10 (ten) Lenders that are not Qualifying Banks under this Agreement.

Appears in 2 contracts

Samples: Facility Agreement (Innospec Inc.), Revolving Facility Agreement (Innospec Inc.)

AutoNDA by SimpleDocs

Compliance with Non-Qualifying Bank Rules. Each Swiss Obligor shall at all times ensure that it complies is in compliance with the Non-Qualifying Bank Rules. For purposes of compliance with the Non-Qualifying Bank Rules, the Parent shall assume for the purposes of determining the total number of creditors which are not Qualifying Banks that at all times there are 10 (ten) Lenders that are not Qualifying Banks under this Agreement.

Appears in 2 contracts

Samples: Facility Agreement (Innospec Inc.), Revolving Facility Agreement (Innospec Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.