Banking Relationship Debt definition

Banking Relationship Debt means Debt or other obligations of a Borrower (i) to an Agent Bank (or any Affiliate of an Agent Bank) arising out of or relating to Bank Products or (ii) to an Agent Bank in connection with its having provided any guaranty or indemnity on behalf of a Borrower with respect to any Bank Products.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Banking Relationship Debt means Indebtedness or other obligations of a Credit Party to Regions (or any Affiliate of Regions) or any other Lender or any Affiliate of any other Lender arising out of or relating to Bank Products, including Secured Hedging Obligations.

Banking Relationship Debt means Indebtedness or other obligations of a Borrower to Wachovia (or any Affiliate of Wachovia) arising out of or relating to Bank Products.

Examples of Banking Relationship Debt in a sentence

Secured Parties - Agent, Lenders, Fleet as the procurer of Letters of Credit, Fleet as the provider of Settlement Loans, and Bank as the issuer of Letters of Credit or as the obligee with respect to any Banking Relationship Debt.
Banking Relationship Debt — Debt or other obligations of an Obligor to Lender (or any Affiliate of Lender) arising out of or relating to Bank Products.
Banking Relationship Debt - Debt or other obligations of Borrower relating to or arising out of (i) checking and operating account relationships between Borrower and Bank (or any Affiliate of Bank), including any obligations under Cash Management Agreements, and (ii) Hedging Agreements with Bank (or any Affiliate of Bank).
Banking Relationship Debt - Debt or other obligations of an Obligor to any Lender or any Affiliate of a Lender arising out of or relating to Bank Products.
Banking Relationship Debt — Debt or other liabilities or obligations of an Obligor to Lender or Pre-Petition Lender (or any Affiliate of either of them) arising out of or relating to Bank Products.
In addition, each Bank Product Provider, by virtue of entering into a Bank Product Agreement, shall be automatically deemed to have agreed that Agent shall have the right, but shall have no obligation, to establish, maintain, relax, or release reserves in respect of Banking Relationship Debt and that if reserves are established there is no obligation on the part of Agent to determine or insure whether the amount of any such reserve is appropriate or not.
For the avoidance of doubt, to the extent constituting an Indemnified Amount, any indemnity, guarantee or other payment made by Agent or any Lender as described in Section 3.4.2 with respect to Banking Relationship Debt shall be allocated to tenth priority, above.
Notwithstanding any other provision of this Article VIII to the contrary, Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations consisting of Banking Relationship Debt.
For the avoidance of doubt, to the extent constituting an Indemnified Amount, any indemnity, guarantee or other payment made by Agent or any Lender as described in SECTION 3.4.2 with respect to Banking Relationship Debt shall be allocated to tenth priority, above.
If any Event of Default shall exist, Borrowers shall, if requested by Agent, Cash Collateralize the Undrawn Amount of Letters of Credit, Banking Relationship Debt and other contingent Obligations; provided that, if any Event of Default specified in Sections 7.01(g) or (h) exists, Borrower shall be obligated to Cash Collateralize the Undrawn Amount of Letters of Credit, Banking Relationship Debt and other contingent Obligations forthwith without any notice to Borrowers or any other act by Agent.

More Definitions of Banking Relationship Debt

Banking Relationship Debt that is contained in Section 1.1 of the Loan Agreement, by deleting the period that is contained at the end of the definition of "Banking Relationship Debt," and by adding a new clause (iii) to the end of the definition of "Banking Relationship Debt" that reads as follows: , and (iii) merchant or corporate credit or debit cards.

Banking Relationship Debt means, on any date and for any Loan Party, the aggregate amount of all Debt of such Loan Party and its Subsidiaries with respect to any Bank Products (including Hedging Obligations) or Cash Management Services.

Banking Relationship Debt means (a) all obligations, liabilities, reimbursement obligations, fees, or expenses owing by any Borrower or its Subsidiaries to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, (b) all Hedge Obligations, and (c) all amounts that Agent or any Lender is obligated to pay to a Bank Product Provider as a result of Agent or such Lender purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to such Borrower or its Subsidiaries; provided, however, in order for any item described in clauses (a) (b), or (c) above, as applicable, to constitute “Banking Relationship Debt”, (i) if the applicable Bank Product Provider is ▇▇▇▇▇ Fargo or its Affiliates, then, if requested by Agent, Agent shall have received a Bank Product Provider Letter Agreement within ten (10) days after the date of such request, or (ii) if the applicable Bank Product Provider is any other Person, the applicable Bank Product must have been provided on or after the Closing Date and Agent shall have received a Bank Product Provider Letter Agreement within ten (10) days after the date of the provision of the applicable Bank Product to such Borrower or its Subsidiaries.

Banking Relationship Debt means Indebtedness or other obligations of Borrower (i) to Lender (or any affiliate of Lender) arising out of or relating to Bank Products or (ii) to Lender in connection with its having provided any guaranty or indemnity on behalf of Borrower with respect to any Bank Products.

Banking Relationship Debt means Debt or other obligations of a Borrower to Bank or and any Lender (or any Affiliate of Bank or any Lender) arising out of or relating to (i) demand deposit and operating account relationships between such Borrower and Bank or any Lender (or any Affiliate of Bank or any Lender) or any cash management services provided to such Borrower or any of its Subsidiaries, including any obligations under Cash Management Agreements (but excluding any assets or investment property of American Tire Distributors, Inc. Deferred Compensation Program), and (ii) Interest Rate Protection Agreements or other Hedging Agreements with Bank or any Lender (or any Affiliate of Bank or any Lender).

Banking Relationship Debt debt or other obligations of a Borrower to Bank or any Lender (or any Affiliate of Bank or any Lender, including FNB) arising out of or relating to (i) demand deposit and operating account relationships between such Borrower and Bank or any Lender (or any Affiliate of Bank or any Lender, including FNB) or any cash management services provided to such Borrower or any of its Subsidiaries, including any obligations under Cash Management Agreements (but excluding any assets or investment property of American Tire Distributors, Inc. Deferred Compensation Program), and (ii) Interest Rate Protection Agreements or other Hedging Agreements with Bank or any Lender (or any Affiliate of Bank or any Lender, including FNB) not entered into for speculative purposes.