Bank Letter definition

Bank Letter shall have the meaning specified in Section 5.28 hereof.

Bank Letter means a letter from a financial institution stating its view, subject to reasonable and customary assumptions, that SplitCo could be expected to borrow the principal amount of the Galleria Credit Facility or the Refinanced Facility, as the case may be, without a guarantee or other form of credit support from Acquiror, provided that such financing may be on terms less favorable than those contained in the Galleria Credit Facility or the Refinanced Facility, as the case may be.

Bank Letter means a letter from a financial institution stating its view, subject to reasonable and customary assumptions, that Vistana could be expected to borrow the principal amount of the Vistana Loan(s) or the Refinancing, as the case may be, without a guarantee or other form of credit support from ILG or any of its Subsidiaries.

Examples of Bank Letter in a sentence

• Borrower shall also reimburse Agent for any and all fees and expenses, if any, paid by Agent or any Lender to the issuer of any Bank Letter of Credit.

• Borrower shall be irrevocably and unconditionally obligated forthwith without presentment, demand, protest or other formalities of any kind, to reimburse Agent or the issuer for any amounts paid with respect to a Lender Letter of Credit including all fees, costs and expenses paid to any bank that issues a Bank Letter of Credit.

• Buyer shall have received (a) the Bank Letter, and (b) all UCC-3 termination statements, in form and substance acceptable to Buyer, necessary to release all Liens over the Assets executed, in each case by the appropriate secured party and ready to be duly filed and recorded in the appropriate recording offices.

• Borrowers shall also reimburse Agent for any and all fees and expenses, if any, paid by Agent or any Lender to the issuer of any Bank Letter of Credit.

• Subject to the funding of the financing set forth in the Bank Letter in accordance with its terms, the aggregate proceeds of the financing contemplated by the Bank Letter shall be sufficient to enable Parent to consummate the transactions contemplated by this Agreement.

More Definitions of Bank Letter

Bank Letter. If a bank letter is necessary due to non-imprinted checks, it must be on bank letterhead, and include merchant name, routing number, account number, and be signed by a bank representative with their title listed. Name on bank account must match the applicant name. Trusts: Need complete copy of trust paperwork and the business information shown under "Partnerships and Corporations."

Bank Letter means a letter, in form and substance acceptable to Parent, from a financial institution stating its view, subject to reasonable and customary assumptions, that Wimbledon (or Merger Sub after the consummation of the Merger) could be expected to borrow the principal amount of the Wimbledon Credit Facility or the Refinancing, as the case may be, without a guarantee or other form of credit support from Acquiror; provided , however , that such financing may be on terms less favorable than those contained in the Wimbledon Credit Facility or the Refinancing, as the case may be.

Bank Letter means a letter from a financial institution stating its view, subject to reasonable and customary assumptions, that Folgers could be expected to borrow the principal amount of the Folgers Credit Facility or the Refinancing, as the case may be, without a guarantee or other form of credit support from RMT Partner, provided that such financing may be on terms less favorable than those contained in the Folgers Credit Facility or the Refinancing, as the case may be.

Bank Letter means a letter, in form and substance acceptable to Parent, from a financial institution stating its view, subject to reasonable and customary assumptions, that Wimbledon (or Merger Sub after the consummation of the Merger) could be expected to borrow the principal amount of the Wimbledon Credit Facility or the Refinancing, as the case may be, without a guarantee or other form of credit support from Acquiror; provided, however, that such financing may be on terms less favorable than those contained in the Wimbledon Credit Facility or the Refinancing, as the case may be.

Bank Letter means the letter from DNB Markets, a part of DNB ASA, in the agreed form confirming that certain shareholders of Investor Parent have committed, subject to paragraphs (i) and (ii) of the definition of the Escrow Payment Condition, to subscribe for (and pay for) sufficient shares in the capital of Investor Parent such that Investor Parent can procure that the Escrow Amount be paid into the Escrow Account pursuant to the terms of this Agreement and the Escrow Agreement.

Bank Letter means the letter dated the Closing Date between Buyer and the Duncans regarding the assumption by Buyer of certain bank loans guaranteed by the Duncans in the form of Exhibit J.

Bank Letter means a letter from Citibank, addressed to VimpelCom, the Sellers and the Purchaser, confirming that the Citibank Agreement (as defined in the Loan Agreement) is in effect and that Citibank is not aware of any circumstances that would prevent disbursement under the Citibank Agreement at least one (1) Business Day prior to the Public Offering scheduled to take place as specified in the Offer.