Additional Bank definition

Additional Bank has the meaning set forth in Section 2.17(b).

Additional Bank means any financial institution that becomes a Bank for purposes hereof in connection with the replacement of a Bank pursuant to Section 8.06.

Additional Bank has the meaning set forth in Section 2.8(b).

Examples of Additional Bank in a sentence

• The Successful Bidder has to provide Additional Bank Guarantee when quotes less than 15% of upset price mention by Corporation in Tender Document.

• To the extent that a holder of First Lien Bank Debt, in its capacity as such, receives Additional Bank Consideration in connection with the Restructuring, such Additional Bank Consideration shall be made available to all Consenting Creditors that are holders of First Lien Bank Claims, in their capacities as such, on the same terms and on a pro rata basis in accordance with their respective First Lien Bank Claims holdings.

• Any Consenting Creditor that is a holder of First Lien Bank Claims who is not accorded such Additional Bank Consideration shall have the right to terminate this Agreement upon three (3) Business Days’ written notice to the Parties in accordance with Section 26 hereof; provided that such termination shall only be with respect to the terminating Consenting Creditor, and not with respect to any non-terminating Parties.

• For the purpose of payment of Advances to the Bidder and submission of various Bank Guarantees by the Bidder i.e Advance Payment Bank Guarantee (APBG) and Additional Bank Guarantee (ABG), as applicable, Base Contract price will be considered.

• The bidders have to submit the Additional Bank Guarantee for the amount calculated from percentage below 10% to the Engineer’s Estimate.

More Definitions of Additional Bank

Additional Bank shall have the meaning assigned to that term in Section 2.8(d).

Additional Bank has the meaning given to such term in Section 2.16(a).

Additional Bank means a Bank that becomes a party hereto pursuant to Section 2.6 or 2.7.

Additional Bank has the meaning specified in Section 2.01(a).

Additional Bank means any financial institution that becomes a Bank for purposes hereof in connection with (i) an increase in the aggregate amount of the Commitments pursuant to Section 2.19 or (ii) the replacement of a Bank pursuant to Section 8.06.

Additional Bank as defined in subsection 2.1(c)(ii).

Additional Bank as defined in subsection 2.4(b).