Benefited Bank definition

Benefited Bank as defined in Section 12.8.
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Benefited Bank has the meaning set forth in Section 9.04.
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Benefited Bank as defined in subsection 9.7(a).
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Examples of Benefited Bank in a sentence

  • If during any period of an Unmatured Event of Default or Event of Default, a Benefited Bank receives payment or other proceeds in connection with any other credit facility with ADESA or any Subsidiary, excluding AFC, such payment or proceeds shall be applied exclusively for the pro rata benefit of the Banks in connection with the Obligations hereunder prior to any application to such other credit facility.


More Definitions of Benefited Bank

Benefited Bank shall have the meaning given to that term in subsection 10.9(a).
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Benefited Bank shall have the meaning given in Section 2.7(h) of the Agreement.
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Benefited Bank has the meaning set forth in Section 11.11(a).
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Benefited Bank shall have the meaning specified in Section 11.6.
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Benefited Bank has the meaning set forth in Section 2.10 of the Credit Agreement.
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Benefited Bank as defined in Section 10.9(b).
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Related to Benefited Bank

  • Benefited Lender as defined in Section 10.7(a).

  • Benefited Party has the meaning specified in Section 15.01.

  • Benefitted Lender as defined in Section 10.7(a).

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • DIP Lender means a lender under the DIP Facility.

  • Affected Bank has the meaning specified in Section 3.07.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Designated Bank means any bank designated by Lender as a Designated Bank, but only for as long as Lender has an agreement under which Lender receives Depository Benefits from that bank.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment. In no event shall Executive have any discretion with respect to the ordering of payment reductions.

  • Affected Creditor means a creditor whose claim relates to a liability that is reduced or converted to shares or other instruments of ownership by the exercise of the write down or conversion power pursuant to the use of the bail-in tool;

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Claimholders means each of the First Lien Claimholders and the Second Lien Claimholders.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Ratable means, as to any Lender, in accordance with its Specified Percentage.

  • Lender Group means, individually and collectively, each of the Lenders (including the Issuing Lender) and Agent.

  • Custodial Agent means the Person who is then the Custodial Agent thereunder.