Bank CoCom definition

Bank CoCom means, solely in their capacities as such, the members of the coordinating committee of financial institutions appointed pursuant to that certain coordinator letter dated April 20, 2016 between Seadrill Limited and the Coordinators (as defined therein), as amended, amended and restated, supplemented, or otherwise modified from time to time, that hold Credit Agreement Claims, which is constituted by ABN AMRO Bank N.V., Citibank, Europe PLC UK Branch, Danske Bank A/S, DNB Bank ASA; ING Bank N.V., Nordea Bank AB London Branch, Garantiinstituttet for Eksportkreditt, and Skandinaviska Enskilda Banken AB (publ).
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Bank CoCom means, solely in their capacities as such, the members of the coordinating committee of financial institutions appointed pursuant to that certain coordinator letter dated April 20, 2016 between Seadrill Limited and the Coordinators (as defined therein), as amended, amended and restated, supplemented, or otherwise modified from time to time, that hold Credit Agreement Claims, which is constituted by ABN AMRO Bank N.V., Citibank, Europe PLC UK Branch, Danske Bank A/S, DNB Bank ASA; ING Bank N.V., Nordea Bank AB London Branch, Garantiinstituttet for Eksportkreditt, and Skandinaviska Enskilda Xxxxxx XX (publ).
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Examples of Bank CoCom in a sentence

  • Seadrill thereafter commenced discussions with the Bank CoCom regarding a broader restructuring, which ultimately led to the R1 Agreement.As part of the R1 Agreement, the parties agreed to the initial April 30, 2017 long stop date by which Seadrill was to implement a comprehensive restructuring either in the form of an out-of-court refinancing or a transaction to be implemented through an in-court process.

  • The parties ultimately agreed to an additional, final extension of the long stop date (to September 12, 2017) and the maturities of the West Eminence Facility and the Jack-Up Facility (both to September 14, 2017, coinciding with the NADL Facility maturity).Further Bank CoCom discussions—made possible by more than a year of Bank Facility extensions starting with the R1 Agreement—proved successful.

  • First, the Bank CoCom refused to waive change-of-control default provisions in the Bank Facility credit agreements tied to Hemen’s level of ownership of Seadrill Limited.

  • The Debtors must give the Committee and the Bank CoCom two business days’ advance notice prior to withdrawing the Plan.

  • Thus, beginning in late 2015 and into early 2016, Seadrill continued broader discussions with a “coordinating committee” (the “Bank CoCom”) that included each of the administrative agent banks under the Bank Facilities.As a result of discussions with the Bank CoCom, in April 2016, Seadrill executed amendments and waiver agreements (collectively, the “R1 Agreement”) with respect to the Bank Facilities that resulted in additional covenant relief and extended the maturities of certain of the Bank Facilities.

  • In addition, the Debtors and Reorganized Debtors (as applicable) are authorized to pay and/or reimburse any and all professional fees, including those incurred by the Commitment Parties, the Bank CoCom, the professionals of the Committee, and Committee member expenses, as contemplated by and in accordance with the Plan, the RSA, the Definitive Documentation, and the Investment Agreement.

  • Wertz; (c) the Office of the United States Trustee, 515 Rusk Street, Suite 3516, Houston, Texas 77002; (d) counsel to any statutory committee appointed in these cases; (e) counsel to the Bank CoCom, White & Case LLP, 1221 6th Avenue, New York, NY 10020, Attn.: Scott Greissman and Philip Abelson; (f) counsel to the Commitment Parties, Akin Gump Strauss Hauer & Feld, One Bryant Park, New York, NY 10036, Attn.: Philip C.

  • After trial the Learned District Judge by his judgment dated 04.01.2001 held in favour of the Respondent.

  • Wertz; (c) the Office of the United States Trustee, 515 Rusk Street, Suite 3516, Houston, Texas 77002; (d) counsel to any statutory committee appointed in these cases; (e) counsel to the Bank CoCom, White & Case LLP, 1221 6th Avenue, New York, NY 10020, Attn.: ScottGreissman and Philip Abelson; (f) counsel to the Commitment Parties, Akin Gump Strauss Hauer & Feld, One Bryant Park, New York, NY 10036, Attn.: Philip C.

  • It sets out the content and scope of an appropriate response to HIV/AIDS in the workplace.

Related to Bank CoCom

  • Bank is defined in the preamble hereof.

  • Savings bank means a state banking corporation organized or reorganized under this act.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Banks shall include the Agent in its individual capacity.

  • The Bank means the Bank of India;

  • GS Bank shall have the meaning assigned to such term in the preamble to this Agreement.

  • Fortis means Fortis Inc.;

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • HSBC means HSBC Auto Finance, Inc., HSBC Auto Credit Inc., HSBC Auto Accounts Inc. and certain affiliates of such entities.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Bank Subsidiary means the subsidiary or subsidiaries or the Bank which may from time to time be specified by the Bank to the Customer;

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Trade association means an entity recognized by the State in which the entity is doing business as a trade association and shall not include an organization that is formed for the purposes of providing insurance. “Transaction cutoff date” for weekly data reporting is 8 p.m. Central time on Friday of each week and for monthly data reporting is 8 p.m. Central time on Friday after the first Sunday of the month.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.