Bank Product Provider Letter Agreement definition

Bank Product Provider Letter Agreement means a letter agreement in substantially the form attached hereto as Exhibit B-2, in form and substance satisfactory to Agent, duly executed by the applicable Bank Product Provider, Borrowers, and Agent.

Bank Product Provider Letter Agreement means a letter agreement in substantially the form attached hereto as Exhibit B-2, in form and substance satisfactory to Agent, duly executed by the applicable Bank Product Provider, Borrower, and Agent.

Bank Product Provider Letter Agreement means a letter agreement in substantially the form of Exhibit J, or otherwise in form and substance reasonably satisfactory to the Administrative Agent, and duly executed by the applicable Bank Product Provider and the Borrower Representative, and delivered to the Administrative Agent.

Examples of Bank Product Provider Letter Agreement in a sentence

• The Administrative Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Provider Letter Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting the Administrative Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the UCC can be perfected by possession or control.

• Administrative Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Provider Letter Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Administrative Agent’s Liens in assets which, in accordance with Article 8 or Article 9 of the UCC or pursuant to the PPSA, as applicable, can be perfected by possession or control.

• Bank of America, N.A. hereby agrees to provide written notice to Agent of any such increase in the xxxx-to-market reserve on a monthly basis in accordance with each applicable Bank Product Provider Letter Agreement.

• Administrative Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Provider Letter Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting the Administrative Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the UCC can be perfected by possession or control.

More Definitions of Bank Product Provider Letter Agreement

Bank Product Provider Letter Agreement means a letter agreement, which shall be substantially in the form of Exhibit H, duly executed by the applicable Bank Product Provider, the applicable Borrower, and the Agent. “Bank Products” means any services ofor facilities provided to any Loan Party by any Lender or any Affiliate of any Lender (but excluding Cash Management Services), including, without limitation, on account of (a) Swap Contracts, (b) merchant services constituting a line of credit, (c) leasing, (d) Factored Receivables, and (e) supply chain finance services including, without limitation, trade payable services and supplier accounts receivable purchases. “Bank Product Reserves” means, as of any date of determination, those Reserves that Agent deems necessary or appropriate to establish in respect of Bank Products then provided or outstanding (based upon the applicable Bank Product Provider’s determination of the liabilities and obligations of each Loan Party and its Subsidiaries in respect of Bank Product Obligations owing to it and subject to the terms of the Bank Product Provider Letter Agreement). “Base Rate” means, for any date, a rate per annum equal to the greatest of (a) the Federal Funds Rate plus one-half percent (.50%), (b) the Adjusted LIBO RateTerm SOFR (which rate shall be calculated based upon an Interest Period of threeone (31) monthsmonth and shall be determined on a daily basis), plus one (1) percentage point, provided that this clause (b) shall not be applicable during any period in which Term SOFR is unavailable or unascertainable and (c) the rate of interest announced, from time to time, within Xxxxx Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Xxxxx Fargo’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Xxxxx Fargo may designate (and, if any such announced rate is below zero, then the rate determined pursuant to this clause (c) shall be deemed to be zero). “Base Rate Loan” means each portion of a Loan that bears interest based onat a rate determined by reference to the Base Rate. “Base Rate Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR”. “Benchmark” means, initially, the Term SOFR Reference Rate; provided, that, if a Benchmark ...

Bank Product Provider Letter Agreement means a letter agreement in form and substance reasonably acceptable to Agent duly executed by the applicable Bank Product Provider, Borrowers, and Agent.

Bank Product Provider Letter Agreement means a letter agreement in form reasonably satisfactory to the Administrative Agent under the Senior Credit Facilities, duly executed by the applicable Bank Product Provider, the Issuer or the applicable Restricted Party, such Administrative Agent and, in any event, acknowledged by the Issuer or such Restricted Party.

Bank Product Provider Letter Agreement means a letter agreement, which shall be substantially in the form of E xhibit J, duly executed by the applicable Bank Product Provider, the Borrower, and the Agent.

Bank Product Provider Letter Agreement means a letter agreement in substantially the form of Exhibit J, or otherwise in form and substance reasonably satisfactory to the Administrative Agent, and duly executed by the applicable Bank Product Provider and the Borrower Representative, and delivered to the Administrative Agent. “Banking Services” means each and any of the following bank services provided to any Loan Party by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, “commercial credit cards” and purchasing cards); (b) stored value cards; and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items and interstate depository network services). “Banking Services Obligations” of the Loan Parties means any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services. “Banking Services Reserves” means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding. “Bankruptcy Code” means the Bankruptcy Code in Title 11 of the United States Code, as amended, modified, succeeded, or replaced from time to time. “Base Rate” means, at any time, the greatest of (a) the Prime Rate at such time, (b) 1/2 of 1% in excess of the Federal Funds Effective Rate at such time, and (c) the Adjusted LIBO Rate for a Eurodollar Loan with a one-month Interest Period commencing at such time plus 1.0%. For the purposes of this definition, the Adjusted LIBO Rate shall be determined using the Adjusted LIBO Rate as otherwise determined by Administrative Agent in accordance with the definition of 6