Bank Liabilities definition

Bank Liabilities is defined in Paragraph 8 below.

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Bank Liabilities means any and all liabilities, obligations and indebtedness of the Company to the administrative agent, lenders and issuers of letters of credit under the Bank Credit Agreement of any and every kind and nature, at any time owing, arising, due or payable and howsoever evidenced, created, incurred, acquired or owing, whether primary, secondary, direct, contingent, fixed or otherwise (including without limitation LC Obligations, Bank Products Obligations, fees, charges and obligations of performance) and whether arising or existing under the Bank Credit Agreement or any of the other Financing Agreements or by operation of law. The terms “LC Obligations,” “Bank Products Obligations” and “Financing Agreements” shall have the meanings set forth in the Bank Credit Agreement.

Bank Liabilities is defined in Paragraph 10 below.

Examples of Bank Liabilities in a sentence

In addition, if at any time the Borrowing Base is in an amount which is less than the then outstanding Aggregate Bank Liabilities, the Borrower will forthwith prepay so much of the Revolving Loans as may be required (or arrange for the termination of such letters of credit as may be required) so that the Aggregate Bank Liabilities will not exceed the Borrowing Base.
The residue, if any, of the proceeds of sale and any other Property constituting security remaining after satisfaction of the Bank Liabilities shall be returned to the respective Account Parties unless otherwise disposed of in accordance with written instructions from the customer’s bank.
The residue, if any, of the proceeds of sale and any other Property constituting security remaining after satisfaction of the Bank Liabilities shall be returned to the respective Account Parties unless otherwise disposed of in accordance with written instructions from the affected Account Parties.
It is agreed that, with or without notification to any of the Account Parties, Issuer may exchange, release, surrender, realize upon, release on trust receipt to any of them, or otherwise deal with any Property by whomsoever pledged, mortgaged or subjected to a security interest to secure directly or indirectly any of the Bank Liabilities and/or any offset against the same.
In addition, if at any time the Borrowing Base is in an amount which is less than the then outstanding Aggregate Revolving Bank Liabilities, the Borrower will forthwith prepay so much of the Revolving Loans as may be required (or arrange for termination of such letters of credit as may be required) so that the Aggregate Revolving Bank Liabilities will not exceed the Borrowing Base.

More Definitions of Bank Liabilities

Bank Liabilities means all obligations and liabilities (whether present or future, actual or contingent, as principal or surety and whether severally or jointly) of the Security Companies to the Financing Parties under or arising out of or in connection with the Financing Documents.

Bank Liabilities means the total liabilities of the Bank as shown in the latest audited or (as the case may be) auditor reviewed consolidated statement of financial position of the Bank, but adjusted for contingent liabilities and for subsequent events in such manner as the Directors may determine;

Bank Liabilities shall have the meaning specified in Section 2.2(a).

Bank Liabilities means and includes (i) any and all indebtedness, obligations and liabilities of the Borrowers to any of the Lenders and/or KeyBank National Association, as administrative agent (the "Agent") and also to others to the extent of their participations granted to or interests therein created or acquired for them by the Lenders or Agent, arising under that certain Credit Agreement dated even date herewith among the Borrowers, the Agent and the lending institutions which from time to time become a party thereto (individually a "Lender" and collectively, the "Lenders"), as amended, as the same may be further amended, modified, supplemented, restated or replaced from time to time (the "Bank Credit Agreement"), (ii) any and all indebtedness, obligations and liabilities of the Debtors to any of the Lenders and/or the Agent and also to others to the extent of their participations granted to or interests therein created or acquired by them for the Lenders or the Agent, and the Secured Documents (as defined below), including Hedge Agreements (as defined in the Bank Credit Agreement) executed in connection therewith and (iii) any and all indebtedness, obligations and liabilities of each of the Borrowers or any other Subsidiary Guarantor arising under any Secured Document to which it is a party, in the case of clause (i), (ii) or (iii) above, now or hereafter existing, arising directly between the Borrowers or the Debtors and the Lenders or Agent or acquired outright, conditionally, as a participation or as collateral security from another by the Lenders or Agent, absolute or contingent, joint and/or several, secured or unsecured, due or not due, contractual or tortious, liquidated or unliquidated, arising by operation of law or otherwise, direct or indirect.

Bank Liabilities means and includes all present and future ---------------- liabilities and obligations owed by Borrower to Bank under the Note (as hereinafter defined) and all obligations of Borrower and Guarantors under this Agreement and all other Loan Documents.

Bank Liabilities means all obligations and liabilities (whether present or future, actual or contingent, as principal or surety and whether severally or jointly) of the Borrower to the Financing Parties under or arising out of or in connection with the Bank Financing Documents.

Bank Liabilities means all obligations of the Company to the Bank under or in connection with the Loan Documents, including for principal, interest, fees, costs and expenses, breakage costs and indemnities.