Bank Claim definition

Bank Claim means all of the indebtedness, obligations and other liabilities of the Loan Parties arising under, or in connection with, the Bank Loan Documents including, but not limited to, all sums now or hereafter lent or advanced to or for the benefit of the Loan Parties thereunder, any interest thereon, any reimbursement obligations, fees or expenses due thereunder, and any costs of collection or enforcement.

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Bank Claim means all Obligations (as defined in the Bank Credit Agreement) owed to the Senior Secured Lenders under the Bank Credit Agreement.

Bank Claim means all Claims of the Bank under the Bank Lien Documents.

Examples of Bank Claim in a sentence

• The Escrow Agent will distribute the Escrow Property, or any portion thereof, having a Fair Market Value equal to the Indemnification Claim Amount, the Elop Claim Amount, the United Mizrachi Bank Claim Amount, or the OCS Claim Amount, as the case may be (or such lesser amount of Escrow Property as is then held in the Escrow Account), in accordance with, and upon receipt of, the instructions of the Purchaser and the Seller.

• Without in any way limiting the foregoing, each of the Receivables Seller, the Administrative Agent (for itself and on behalf of each Receivables Purchaser) or Receivables Collateral Agent hereby agrees that the maximum amount of Bank Claim and other obligations and liabilities owing under the Loan Documents may be increased at any time and from time to time to any amount.

• Each of the Receivables Seller, the Administrative Agent (for itself and on behalf of each Receivables Purchaser) and the Receivables Collateral Agent acknowledges that the Bank Claim and other obligations and liabilities owing under the Loan Documents are, in part, revolving in nature and that the amount of such revolving indebtedness which may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed.

• The Banks' Agent agrees to render statements to the Administrative Agent upon reasonable request, which statements shall identify in reasonable detail the Excluded Receivables and shall render an account of the Bank Claim, giving effect to the application of proceeds of Bank Collateral as hereinbefore provided.

• Nothing in this Agreement will be deemed to require either the Trustee or the Bank Agent (a) to proceed against certain property securing any or all of the Bank Claim or the Purchaser Claim prior to proceeding against other property securing any such Claim or (b) to marshal the Collateral or the Purchased Property (as applicable) upon the enforcement of the Bank Agent's or the Trustee's rights or remedies under the Bank Loan Documents or Purchaser Documents, as applicable.

More Definitions of Bank Claim

Bank Claim means all "Obligations" as such term is defined in the Credit Agreement.

Bank Claim means (i) all of the indebtedness, obligations and other liabilities of the Borrower now or hereafter arising under, or in connection with, the Loan Documents including, but not limited to, all sums now or hereafter loaned or advanced to or for the benefit of the Borrower, all reimbursement obligations of the Borrower with respect to letters of credit and guarantees issued thereunder for its account, all guarantee obligations of the Borrower, any interest thereon (including, without limitation, interest accruing after the commencement of a bankruptcy, insolvency or similar proceeding relating to the Borrower, whether or not such interest is an allowed claim in any such proceeding), any reimbursement obligations, fees or expenses due thereunder and (ii) any costs of collection or enforcement of any such indebtedness, liabilities or obligations or in realizing on or protecting or preserving any security therefor.

Bank Claim means all "Obligations" of any "Loan Party" (as such terms are defined in the Credit Agreement) under the Credit Agreement.

Bank Claim means a Claim arising from or related to the Credit Agreement.

Bank Claim has the meaning given in Clause 18.1;

Bank Claim means all obligations of Borrower to Bank as set forth in the Bank Agreements at any time and from time to time outstanding, including but not limited to, all sums loaned or advanced to or for the benefit of Borrower at any time, any interest thereon, any future advances, any costs of collection or enforcement, including reasonable attorneys' and paralegals' fees and costs, and any prepayment penalties.

Bank Claim means the claim of any Account Holder against KSF IOM for the credit balance in the Bank Account(s) of such Account Holder with KSF IOM but, for the avoidance of doubt, shall disregard any reduction due to the assignment, if any, to the Treasury under the KSF IOM Early Payment Scheme;