Bank Purchasers definition

Bank Purchasers means, collectively, CIBC and each other financial institution, if any, that becomes a party to the Receivables Backup Purchase Agreements, and their respective successors and assigns.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Bank Purchasers means, collectively, Citibank, N.A. and HSBC USA, Inc. (each, individually, a “Bank Purchaser”).

Bank Purchasers. CIBC", "Funded Debt", "Interface SPC", "Receivables Backup Purchase Agreements", "Receivables Sale Agreements", "Receivables Subordinated Notes", "Receivables Transfer Agreements", and "SPARCC."

Examples of Bank Purchasers in a sentence

Reductions of the aggregate Commitments pursuant to this subsection 2.2(a) shall be allocated pro rata among the Bank Purchasers in accordance with each Bank Purchaser’s Funding Percentage.
All Discount accrued on the Investment of the Related Bank Purchasers during a Tranche Period shall be payable by the Seller on the last day of such Tranche Period or, for a Eurodollar Tranche with a Tranche Period of more than three months, 90 days after the commencement, and on the last day, of such Tranche Period.
At any time, any Funding Agent may upon the request of the Residual Interest Owner and the consent of all of the other Funding Agents (which consent may be withheld in their sole discretion), increase the Commitments of the Bank Purchasers.
The Funding Seller may, at any time and from time to time, request in writing, with a copy to each of the Purchasing Entities, that the Bank Purchasers decrease the Funding Limit (a “Funding Limit Decrease Request”); provided that no such requested decrease shall be in an amount less than $10,000,000 and the aggregate of all of such requested decreases shall not exceed 20% of the greatest Funding Limit at any time since the Closing Date.
From time to time, at the direction of the Co-Agents or either of the Co-Agents acting individually, any payments required to be made to the Purchaser shall be made to the accounts of the Bank Purchasers ratably in proportion to their respective Commitments.
Notwithstanding the receipt of invoices by the Bank Purchasers from the Servicer, the Servicer Fee shall be payable only from Collections pursuant to Section 2.7.
All Investment of the Related Bank Purchasers may accrue Discount at either the Eurodollar Rate or the Prime Rate, in all cases as established for each Tranche Period applicable to such Investment.
The parties shall not disclose any Confidential Information to anyone, except to any assignees, potential assignees, the Bank Purchasers, potential participants, or any of their respective directors, managers, executives, employees, affiliates, auditors, lawyers, advisors, authorized agents and/or duly appointed representatives who have a specific and reasonable interest in knowing, viewing and using such Confidential Information and agree to be bound by the confidentiality provisions of this Section 12.
Notwithstanding anything to the contrary contained in this Agreement, none of the Funding Seller, the Servicer, the Originators or the Performance Guarantor shall have any obligation to make a “gross-up” payment of taxes or indemnification under this Section 4.7 to the Purchaser or the Bank Purchasers related to a FATCA Deduction.
During the pendency of a Termination Event, the applicable Purchaser Agent may reallocate any outstanding Investment of the Related Bank Purchasers to a Prime Tranche.

More Definitions of Bank Purchasers

Bank Purchasers means Citibank, N.A. and HSBC USA Inc., and their Affiliates that acquire beneficial ownership of Securities in a Permitted Transfer (each a “Bank Purchaser”).

Bank Purchasers means each Person listed as such (and its respective Commitment) as set forth on Schedule II or in any Transfer Supplement.

Bank Purchasers means Citibank, Danske and each Eligible Assignee that shall become a party to this Agreement pursuant to Section 10.03.

Bank Purchasers mean the Purchasers identified as Bank Purchasers on the signature pages hereto, and each of their successors, assigns and direct and indirect transferees that are party to a Swap Agreement (each, individually, a "Bank Purchaser").