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 Borrower’s default or at any other time, either for application to the Bank Debt or otherwise.
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.

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 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 Borrowers in connection with Loans hereunder or loans under the Existing Credit Agreement, in either case 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 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. “Bank Product Obligations” means all obligations, liabilities, reimbursement obligations, fees, or expenses owing by the Loan Parties to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising. “Bank Product Provider” means (a) any Lender or any of its Affiliates (or any Person party to a Bank Product Agreement with a Loan Party that was a Lender or an Affiliate of a Lender and a party to such Bank Product Agreement immediately prior to the assignment of all of such Lender’s Commitments and Loans hereunder pursuant to Section 2.20(b)) and (b) U.S. Bank National Association, with respect to any Bank Product extended by itself to any Loan Party in effect as of the Effective Date; provided that no such Person (other than CoBank or its