Bank Equity Interests definition

Bank Equity Interests shall have the meaning set forth in Article 7 hereof.

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Bank Equity Interests means Investments in non-voting participation certificates of CoBank, ACB acquired by the Company from CoBank, ACB.

Bank Equity Interests means investments in non-voting participation certificates of CoBank, ACB acquired by the Borrowers in connection with their Loans hereunder from CoBank, ACB.

Examples of Bank Equity Interests in a sentence

In connection with the foregoing, Borrower hereby acknowledges receipt, prior to the execution of this Credit Agreement, of the following with respect to CoBank: (a) the bylaws, (b) a written description of the terms and conditions under which the Bank Equity Interests are issued and (c) the most recent annual report, and if more recent than the latest annual report, the latest quarterly report.
Borrower shall have purchased such Bank Equity Interests as CoBank may require pursuant to Article 7 hereof.
Borrower does not now own any stock or other voting or equity interest, directly or indirectly, in any Person valued at the greater of book value or market value at $5,000,000 or more, other than: (a) the Bank Equity Interests, and (b) as set forth on Exhibit 9.11.
Neither the Bank Equity Interests nor any accrued patronage shall be offset against the Bank Debt owing to CoBank or otherwise taken into consideration for purposes of determining the Syndication Parties’ pro rata shares hereunder.
CoBank shall have no obligation to retire the Bank Equity Interests upon Borrower’s default or at any other time, either for application to the Bank Debt or otherwise.

More Definitions of Bank Equity Interests

Bank Equity Interests has the meaning assigned to such term in Section 9.19.

Bank Equity Interests shall have the meaning set forth in Article 5 hereof.

Bank Equity Interests means investments in non-voting participation certificates of CoBank, ACB acquired by the Borrower in connection with Loans hereunder or loans under the Existing Credit Agreement or the Original Credit Agreement, in each case from CoBank, ACB.

Bank Equity Interests shall have the meaning set forth in Article 7 hereof. Banking Day: any day (a) other than a Saturday or Sunday and other than a day on which banks in New York, New York are authorized or required by law to close, and (b) if such day relates to a borrowing of, a payment or prepayment of principal of or interest on, a continuation of or conversion into, or a LIBO Rate Period for, a LIBO Rate Loan, or a notice by Borrower with respect to any such borrowing, payment, prepayment, continuation, conversion, or LIBO Rate Period, on which dealings in U.S. Dollar deposits are carried out in the London interbank market.

Bank Equity Interests means Investments in non-voting participation certificates of CoBank, ACB acquired by Consolidated Communications, Inc. from CoBank, ACB.

Bank Equity Interests means Investments in non-voting participation certificates of CoBank, ACB acquired by the Company in connection with loans under the Credit Agreement from CoBank, ACB.

Bank Equity Interests shall have the meaning set forth in Article 5 hereof. Banking Day: means any day (a) other than a Saturday or Sunday and other than a day on which banks in New York, New York are authorized or required by law to close, and (b) if such day relates to a borrowing of, a payment or prepayment of principal of or interest on, a continuation of or conversion into, or a LIBO Rate Period for, a LIBO Rate Loan, or a notice by Borrower with respect to any such borrowing, payment, prepayment, continuation, conversion, or LIBO Rate Period, on which dealings in U.S. Dollar deposits are carried out in the London interbank market. Base Rate: means a rate per annum announced by the Administrative Agent on the first Banking Day of each week, which shall be (a) the greatest of (i) 150 basis points greater than the one month LIBO Rate, (ii) the Prime Rate and (iii) the Federal Funds Effective Rate in effect on such day plus ½ of 1% plus (b)