B Banks definition

B Banks shall have the meaning provided in Section 4.02(C).
Sample 1Sample 2Sample 3
B Banks means together, (a) the NZ Banks and (b) the Brazilian Banks and “B Bank” means any one of them as the context requires;
Sample 1

Examples of B Banks in a sentence

  • A Type C(i) letter of credit for £10m issued by Bank A expires and is replaced by a Type C(i) demand guarantee for £20m issued by Bank B (Banks A and B must of course both satisfy the recognition requirements as to credit rating, domicile, regulation etc).

  • Each Borrowing under this Section 2.1(a) shall be made from the several Tranche A Banks pro rata in accordance with such Bank’s Tranche A Commitment Percentage and from the several Tranche B Banks pro rata in accordance with such Bank’s Tranche B Commitment Percentage.

  • The Revolving Credit B Loans shall be made pro rata in accordance with each Revolving B Bank's Revolving B Commitment Percentage.

  • Each Borrowing of Tranche B Loans under this Agreement shall be made to the Borrower on the same day rateably by the Tranche B Banks and shall be in the aggregate minimum amount of $5,000,000 or a larger whole multiple of $1,000,000.

  • Those certain warrants from the Company to the Banks other than the Revolving B Banks, and in form and substance as set forth in Exhibit A to the Warrant Purchase Agreement.

  • On the Refunding Date, each Tranche B Bank shall transfer to the Swing Lender, in immediately available funds, such Tranche B Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Tranche B Bank a Swing Loan participation certificate dated the date of the Swing Lender's receipt of such funds and in the Swing Loan Refund Amount of such Tranche B Bank.

  • If the Borrower elects to exercise the option referred to in the preceding sentence, the Borrower shall give to the Agent written notice of its intention to give the B Banks the right to waive a Waivable Mandatory Repayment at least five Business Days prior to the applicable Scheduled B Term Repayment Date, which notice the Agent shall promptly forward to all B Banks (indicating in such notice the amount of such repayment to be applied to each such Bank's outstanding B Term Loans).

  • The Borrower hereby promises to pay to the Administrative Agent for the account of each Tranche B Bank the Tranche B Accommodations Outstanding together with all accrued interest and Fees and all other amounts payable to the Tranche B Banks in connection with this Agreement, on the Tranche B Commitment Termination Date.

  • Notwithstanding anything to the contrary contained in this Section 3.02 or elsewhere in this Agreement (including, without limitation, in Section 12.12), the Borrower shall have the option, in its sole discretion, to give the Banks with outstanding B Term Loans (the "B Banks") the option to waive a mandatory repayment of such Loans pursuant to Section 3.02(A) (each such repayment, a "Waivable Mandatory Repayment") upon the terms and provisions set forth in this Section 3.02(C).

  • B- Banks should decrease the rate of interest on the existing outstanding balances of loans, as on the date of issue of this circular, according to QCB Rate together with a margin that does not exceed the maximum limit stipulated in this circular.

Related to B Banks

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Banks shall include the Agent in its individual capacity.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Purchasing Banks as defined in subsection 10.5(d).

  • 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).

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

  • Managing Agents as defined in the preamble hereto.

  • Co-Syndication Agents as defined in the preamble hereto.

  • 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.

  • 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.

  • Issuing Lenders means all such Persons, collectively.

  • Syndication Agents as defined in the preamble hereto.

  • KeyBank means KeyBank National Association.

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

  • Existing Lenders as defined in the recitals hereto.