Bank Liabilities is defined in Paragraph 8 below.
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
Options granted to directors and executives of the CompanyThe option plan offers individuals the opportunity to acquire fully paid ordinary shares in the Company.
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.
See Proposed Rule: Federal Home Loan Bank Liabilities, 75 FR 68534 (Nov.
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 shall have the meaning specified in Section 2.2(a). ----------------
Bank Liabilities means the liabilities of Assignor to be assumed by Assignee pursuant to this Agreement, which will consist of all of Assignor's liabilities and obligations at the Effective Time other than Excluded Liabilities, and shall include, without limitation, the following: (i) the Deposit Liabilities including, without limitation, any negative deposits (overdrafts); (ii) all liabilities and obligations under the Banking Office Leases and Tenant Leases (irrespective of whether any necessary third-party consents to the transfer thereof have been obtained); (iii) all liabilities and obligations under the Safe Deposit Agreements; (iv) all liabilities and obligations relating to the Loans; (v) all liabilities and obligations under the Custodial Accounts and Fiduciary Accounts; (vi) all liabilities and obligations under any building maintenance, service, vendor or other contract relating to the Bank Business in effect as of the date hereof, regardless of whether such contract is assignable and/or included in Section 1(c)(v), including costs of terminating any such contracts that Assignee chooses to terminate in connection with the transactions contemplated by this Agreement, but excluding any such contracts arising out of or relating to Excluded Liabilities; (vii) any and all borrowings from the Federal Home Loan Bank of New York or any other person related to Assignor's business; (viii) any liabilities and obligations with respect to Real Property and Other Real Estate Owned; (ix) any liabilities and obligations with respect to any employees of Assignor (whether employed directly by Assignor or through leases or otherwise) except for any such liabilities as are Excluded Liabilities; and (x) any and all other liabilities and obligations, including contingent liabilities, relating to or arising out of the Bank Business, except for any of the foregoing that shall be Excluded Liabilities.
Bank Liabilities means and includes all present and future liabilities and obligations owed by Holding Company to Commerce Bank, of every kind or description, now existing or hereafter created or incurred, matured or unmatured, direct or indirect, absolute or contingent, joint or several or joint and several, including any extensions or renewals thereof and substitutions therefor, whether similar or dissimilar to the Loan (as hereinafter defined) made hereunder, including but not limited to the liabilities and obligations of Holding Company under the Note (as hereinafter defined) and Collateral Pledge Agreement (as hereinafter defined), and all other liabilities and obligations of Holding Company hereunder, and all expenses of any kind incurred by Commerce Bank in connection with the collection of Bank Liabilities.
Bank Liabilities is defined in Paragraph 8 below. “CREDIT means the Letter of Credit described in the Letter of Credit Application to be issued by the Issuer in accordance with the instructions received by the Issuer, the terms of which are made a part hereof and approved by the Account Parties, as amended from time to time. “DEPOSIT ACCOUNT” is defined in Paragraph 2 below. “DOCUMENTS” mean any paper, whether negotiable or non-negotiable, including, but not limited to, all documents and certificates accompanying or relating to drafts or demands drawn under the Credit. “DRAFTS” means any documentary draft drawn under and conditioned upon presentation of documents required by the Credit, including but not limited to such drafts accepted by the Issuer. “ISP” means the International Standby Practices adopted by the International Chamber of Commerce in force at the time of issuance of the Credit, as the same may be thereafter amended or replaced. “ISSUER” means any KeyCorp affiliate as issuer of the Credit. “LETTER OF CREDIT APPLICATION” means any request submitted by the Account Parties to the Issuer (in written or electronic form) for the issuance of the Credit on the account of the Account Parties. “PROPERTY” includes goods, merchandise, securities, funds, choses in action, and any and all other forms of property, whether real, personal or mixed and any right or interest therein; Property in Issuer’s possession shall include Property in possession of anyone for Issuer in any manner whatsoever. “REIMBURSEMENT OBLIGATIONS” means the obligations of the Account Parties to reimburse the Issuer for all payments with respect to any draft of the Credit and to pay all other liabilities arising under this Agreement. “REQUESTS” means any written or oral instruction that the Issuer honors on the Account Parties’ request to issue, amend or pay the Credit for the account and risk of the Account Parties communicated to the Issuer by telephone, telegraph, facsimile transmission or other electronic means. “UNIFORM CUSTOMS” means the Uniform Customs and Practice for Documentary Credits adopted by the International Chamber of Commerce in force at the time of issuance of the Credit, as the same may be thereafter amended or replaced.
Bank Liabilities means "Liabilities" as that term is defined in the Bank Agreement.
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.