Bank Equity Interests definition

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

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

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

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.

• CoBank shall have no obligation to retire the Bank Equity Interests upon any Event of Default or Potential Default or at any other time, either for application to the Bank Debt or otherwise.

• 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 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 5 hereof.

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 the Borrowers in connection with their Loans hereunder 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 means investments in non-voting participation certificates of CoBank, ACB acquired by the Borrowers in connection with Loans hereunder or loans under the Existing Credit Agreement, in either case from CoBank, ACB.

Bank Equity Interests has the meaning assigned to such term in Section 9.19. “Bank Product” means any financial accommodation extended to any Loan Party by a Bank Product Provider in connection with (a) Swap Agreements or (b) Banking Services. “Bank Product Agreements” means those agreements entered into from time to time by a Loan Party with a Bank Product Provider in connection with the obtaining of any of the Bank Products. 5