Bank Guaranties definition

Bank Guaranties means guaranties or other agreements or instruments serving a similar function issued by a bank or other financial institution.

Bank Guaranties means the Guaranties of domestic Subsidiaries of Debt outstanding under the Credit Agreement, as such Guaranties or agreements may be amended, restated or otherwise modified, and any successors thereto.

Bank Guaranties has the meaning specified in Recital F of this Agreement.

Examples of Bank Guaranties in a sentence

• As an accommodation to each of the Account Parties, it is understood and agreed that the respective Issuing Lenders and Bank Guaranty Issuers may, but shall not be obligated to, issue from time to time Letters of Credit or Bank Guaranties, as the case may be, denominated in Alternative Currencies, otherwise in accordance with the relevant provisions of this Section 2.

• The respective Issuing Lender or Bank Guaranty Issuer, as the case may be, may, at any time, in its sole discretion, determine not to issue Letters of Credit or Bank Guaranties, as the case may be, denominated in any Alternative Currency.

• All Bank Guaranties shall be denominated in Dollars or an Alternative Currency and shall expressly provide the maximum amount that may be paid thereunder.

• Except as provided in the immediately preceding sentence, accrued Fronting Fees shall be due and payable, quarterly in arrears on each CL Interest Payment Date and upon the first day on or after the termination of the Total Credit-Linked Commitment upon which no Bank Guaranties remain outstanding.

• Upon any change in the Credit-Linked Commitments and, as a result thereof the CL Percentages, of the CL Lenders pursuant to Section 1.13 or 13.04, it is hereby agreed that, with respect to all outstanding Bank Guaranties and Unreimbursed Payments relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2B.04 to reflect the new CL Percentages of the CL Lenders.

More Definitions of Bank Guaranties

Bank Guaranties the Guaranty Agreements dated as of August 7, 1996, executed by each of BJ USA, BJ Service International, Inc., a Delaware corporation, and BJ Services Company Middle East, a Delaware corporation, each in favor of the Agents (as defined in the BJ Credit Agreement) and the Banks (as defined in the BJ Credit Agreement).

Bank Guaranties means the guaranty of the Bank Guarantors made pursuant to Section 4 of the Bank Credit Agreement, and shall include each additional guaranty or joinder delivered pursuant to the requirements of the Bank Credit Agreement.

Bank Guaranties the 2012 Bank Guaranties and the Additional Bank Guaranties.

Bank Guaranties means so called bank guaranties issued by the non-U.S. branches of the Issuing Lender on behalf of any Credit Party as permitted by the applicable banking laws of the jurisdiction of issuance and as permitted under the banking laws of the United States as to overseas branches of national banks.

Bank Guaranties means guaranties or other agreements or instruments serving a similar function issued by a bank or other financial institution. “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest per annum determined by the Administrative Agent from time to time in its sole discretion as its prime commercial lending rate for such day for United States Dollar loans made in the United States, and (c) the Eurodollar Rate for an Interest Period of one month plus 1.00%, provided, that if the Eurodollar Rate shall be less than zero, such rate shall be deemed to be zero. The Administrative Agent’s prime commercial lending rate is not necessarily the lowest rate that it is charging any corporate customer. Any change in such rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement of such change. “Base Rate Loan” means a Loan that bears interest based on the Base Rate. “Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation, which certification shall be substantially in the form of the Certification Regarding Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry and Financial Markets Association (and, in any case, shall be no more burdensome on the Loan Parties). “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. “BHC Act Affiliate” means, as to any Person, an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such Person. “Board” means the Board of Governors of the Federal Reserve System of the United States of America. “Borrower” has the meaning set forth in the introductory paragraph hereof. “Borrower General Partner” means the general partner of the Borrower. As of the Closing Date, the general partner of the Borrower is Xxxxxx Operating GP LLC, a Delaware limited liability company. “Borrower Security Agreement” means the Third Amended and Restated Pledge and Security Agreement executed by the Borrower, substantially in the form of Exhibit F-1, together with all supplements, amendments and restatements thereof. “Borrowing Base Certificate” means a certificate duly executed by a Responsible Officer of the Borrower, substantially in the form of Exhibit I, prepared wi...

Bank Guaranties means guaranties or other agreements or instruments serving a similar function issued by a bank or other financial institution. BANK OF AMERICA means Bank of America, N.A. BASE RATE means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its "prime rate." Such rate is a rate set by Bank of America based upon various factors including Bank of America's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

Bank Guaranties means so called bank guaranties issued by the non-U.S. branches or Affiliates of any Issuing Lender on behalf of or at the direction of the Borrower as permitted by the applicable banking laws of the jurisdiction of issuance and as permitted under the banking laws of the United States as to overseas branches of national banks.