Accepting Banks definition

Accepting Banks shall have the meaning set forth in Section 10.17.

Accepting Banks shall have the meaning set forth in Section 2.2(c).

Accepting Banks has the meaning specified in Section 2.10(a)(i).

Examples of Accepting Banks in a sentence

• Each of the parties hereto hereby agrees that, upon the effectiveness of any Permitted Amendment, this Agreement shall be deemed amended, as may be necessary or appropriate, in the opinion of the Agent, to effect the terms and provisions of the Permitted Amendment with respect to the Loans and Commitments of the Accepting Banks (including any amendments necessary to treat the Loans and Commitments of the Accepting Banks in a manner consistent with the other Loans and Commitments under this Agreement).

• In the event of any payments hereunder by the Borrower of amounts owing under any Bankers Acceptances, the Accepting Banks agree, if the Event of Default has been cured or waived or if no other amounts are then due and payable under this Agreement, the Notes or any other Loan Document, to remit to the Borrower amounts held hereunder as cash collateral.

• Payments received by the Accepting Banks shall be held by the Accepting Banks as cash collateral securing the Acceptance Exposure in an account or accounts at the Accepting Banks’ principal office in San Francisco, California ; and the Borrower hereby, and by its deposit with the Accepting Banks, grants to the Accepting Banks a security interest in such cash collateral.

• Subject to the terms of this Agreement, the Borrower may elect to cause a replacement Bankers Acceptance to be issued, accepted and purchased to replace all or any part of any Bankers Acceptance at the maturity thereof by giving a notice of such election to be received by the Accepting Banks not later than 10 a.m. San Francisco, California time one (1) Business Day prior thereto, specifying the amount of such new Bankers Acceptance and the maturity date thereof.

• Promptly following the receipt of such Request the Accepting Banks will notify the Borrower of the Discount Rate for the specified Acceptance Date.

• In the absence of such a timely and proper election for renewal, if the Borrower does not make payment to the Accepting Banks on maturity as provided in Section 5.4, the Borrower shall be deemed to have elected to convert such Bankers Acceptance to an Alternate Base Borrowing.

• The Accepting Banks may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers Acceptances purchased by it.

• All or any part of any Bankers Acceptance may be renewed as provided herein, provided that (i) any renewal Bankers Acceptance shall meet all requirements for Bankers Acceptances hereunder, (ii) no Event of Default shall have occurred and be continuing and (iii) the Borrower shall have paid to the Accepting Banks an amount equal to the difference, if any, between the amount due on the maturing Bankers Acceptance and the face amount of the new Bankers’ Acceptance.

• To the extent one or more Banks accepts any such offer ("Accepting Banks") and one or more Banks rejects such offer ("Rejecting Banks"), the amounts that would have been allocable to the Rejecting Banks may (if accepted by the Accepting Banks) be paid to the Accepting Banks in accordance with their Pro Rata Percentages.

• If the Banks holding at least 51% of the Commitments consent to the Extension Request by the Response Date, the Termination Date for those Banks consenting to the extension (for purposes of this Section 2.10(a), the "Accepting Banks") shall be automatically extended to the date which is the 364th day after the initial Termination Date.

More Definitions of Accepting Banks

Accepting Banks shall have the meaning given to such term in Section 2.10 hereof.

Accepting Banks as defined in Section 10.6(f).

Accepting Banks shall have the meaning set forth in Section 10.17. “Act” shall have the meaning set forth in Section 10.18.

Accepting Banks shall have the meaning provided in Section 3.03(iii)(a).