Applicable Banks definition

Applicable Banks. With respect to the Dollar Facility, the Revolving Credit Loans, the Letters of Credit, the Term Loan or the Dollar Agent, the Dollar Banks; with respect to the Gold Facility, the Consignments, the Gold Loans or the Gold Agent, the Gold Banks.
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Applicable Banks means (a) with respect to each Applicable Margin Change Notice or any Commitment Fee Change Notice that in either case would increase the Applicable Margin or the Commitment Fee Rate, Required Banks, and (b) with respect to all other Applicable Margin Change Notices and Commitment Fee Change Notices, all Banks.
Sample 1
Applicable Banks means, (i) with respect to any Tranche A Loan or Tranche A Swing Line Advance, the Tranche A Banks; and (ii) with respect to any Tranche B Loan or Tranche B Swing Line Advance, the Tranche B Banks.
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Examples of Applicable Banks in a sentence

  • Each Advance under an Applicable Tranche shall consist of Revolving Loans made from the several Applicable Banks who have Applicable Tranche Commitments under such Applicable Tranche, ratably in proportion to the amounts of their respective Applicable Tranche Commitments on the date of such Advance, or of Swingline Loans made from the Applicable Tranche Swingline Banks agreeing to make any specific Applicable Tranche Swingline Loans.

  • Interest accrued on each Advance under an Applicable Tranche prior to the applicable Loan Maturity Date shall be payable to the Administrative Agent for the benefit of the Applicable Banks on the date on which such Advance is paid or prepaid, whether due to acceleration or otherwise.

  • Each Applicable Bank shall comply with its obligation under this Section in the same manner as provided in Section 4.1 with respect to Loans made by such Applicable Bank (and Section 4.2 shall apply, mutatis mutandis, to the payment obligations of the Applicable Banks), and the Administrative Agent shall promptly pay to such Applicable Tranche Swingline Bank the amounts so received by it from the Applicable Banks.

  • Any such amendment shall become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent shall have posted such proposed amendment to all Banks and the Company unless, prior to such time, Banks comprising the Required Applicable Banks in the Applicable Tranche have delivered to the Administrative Agent written notice that such Required Applicable Banks object to such amendment.

  • Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from the Applicable Banks on the proposed Drawdown Date.

  • Each partial prepayment shall be allocated among the Applicable Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Applicable Bank's Notes, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.

  • For purposes of this Section 11.9(e), those Banks that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in U.S. Dollars shall be excluded from any determination of Required Applicable Banks.

  • Not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Loans, each of the Applicable Banks will make available to the Applicable Agent, at its Head Office, in immediately available funds, the amount of such Applicable Bank's Commitment Percentage or Gold Commitment Percentage, as the case may be, of the amount of the requested Loans.

  • Where any part of the Services is obtained from a third party service provider Content Guru will not assume any liability in relation to the provision of those Services nor have any liability to the Client for any failure by a third party to provide such services.

  • Promptly after receiving any notice of the Borrowers delivered pursuant to this Section 2.5(a), the Administrative Agent will notify the Applicable Banks of the substance thereof.


More Definitions of Applicable Banks

Applicable Banks. Base Rate Loans", "Consignment Limit", "Dollar Agent", "Dollar Facility", "Dollar Facility Loans", "Eurodollar Rate Loans", "FNBB", "Loans", "Majority Banks", "Notes", "Total Commitment" and "Type" to read in their respective entireties as follows:
Sample 1
Applicable Banks means (a) with respect to any Facility A Commitments and Facility A Advances, the Facility A Banks, and (b) with respect to any Facility B Commitments and Facility B Advances, the Facility B Banks. "Applicable Facility Fee Rate" means, on any date and with respect to each Commitment whether used or unused, the applicable fee (in basis points) set forth below based on the type of Commitment and the Applicable Rating Level on such date (provided, however, that on the Effective Date the Applicable Rating Level shall be deemed to be Level III): Applicable Rating Level Applicable Facility Fee Rate (in basis points) _______________________ ______________________________________________ Facility A Commitments Facility B Commitments ______________________ _______________________ Level I 5.5 4.0 Level II 7.0 5.0 Level III 8.0 6.0 Level IV 10.0 6.0 Level V 12.5 6.0 Level VI 15.0 6.0
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Applicable Banks include Bank of America in its individual capacity.
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Applicable Banks under and as defined in the Credit Agreement, including, without limitation, provisions relating to the dissemination of information and the payment of indemnification.
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Related to Applicable Banks

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to a particular Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in any Alternative Currency, the London Agent.

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Moody's or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Issuing Banks means (a) with respect to the Letter of Credit A Facility, each Initial Issuing Bank that has a Letter of Credit A Commitment set forth opposite its name on Schedule I hereto and any other Working Capital A Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit A Commitment hereunder has been assigned pursuant to Section 8.07 and (b) with respect to the Letter of Credit B-1 Facility, each Initial Issuing Bank that has a Letter of Credit B-1 Commitment set forth opposite its name on Schedule I hereto and any other Working Capital B-1 Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit B-1 Commitment hereunder has been assigned pursuant to Section 8.07 so long as, in each case, each such Lender or Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment (which information shall be recorded by the Agent in the Register).

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Collateral Agent Fee Letter means the fee letter between the Collateral Agent and the Borrower setting forth the fees and other amounts payable by the Borrower to the Collateral Agent, the Custodian and the Securities Intermediary under the Facility Documents, in connection with the transactions contemplated by this Agreement.

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Administrative Agents means the Administrative Agent and the Canadian Administrative Agent.

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.