Conduit Bank means any special purpose corporation organized and administered by any Bank for the purpose of making Loans otherwise required to be made by such Bank and designated by such Bank in a written instrument; provided, that the designation by any Bank of a Conduit Bank shall not relieve the designating Bank of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Bank fails to fund any such Loan, and the designating Bank (and not the Conduit Bank) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Bank, and provided, further, that no Conduit Bank shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 10.3, 10.4 or 12.6 than the designating Bank would have been entitled to receive in respect of the extensions of credit made by such Conduit Bank or (b) be deemed to have any Commitment.
Conduit Bank any special purpose corporation organized and administered by any Bank for the purpose of making Loans and funding L/C Participant Obligations otherwise required to be made or funded by such Bank and designated to the Administrative Agent and the Company by such Bank in a written instrument; provided, that the designation by any Bank of a Conduit Bank shall not relieve the designating Bank of any of its obligations to fund a Loan or an L/C Participant Obligation under this Agreement if, for any reason, its Conduit Bank fails to fund any such Loan or L/C Participant Obligation, and the designating Bank (and not the Conduit Bank) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Bank, and provided, further, that no Conduit Bank shall (a) be entitled to receive any greater amount pursuant to subsection 8.5, 8.6, 8.8, or 15.5 than the designating Bank would have been entitled to receive in respect of the extensions of credit made by such Conduit Bank or (b) be deemed to have any Commitment.
Conduit Bank means a system of more than one conduit bundled together to protect and consolidate communications infrastructure.
Examples of Conduit Bank in a sentence
These locations shall be paid at the same unit price as Conduit Bank Type X.
Conduit will be measured by the linear foot for Structure Conduit Bank Type 4: One 4” outerduct with four 1 ¼” innerducts.
Continuous Flexible Conduit installed in the same trench as the related Conduit Bank Type as specified in the Plan Sheet.
Conduit Bank (Type 4–In Rock) Four – 1 ¼” Continuous Flexible Conduits installed in solid rock or solid shot rock fill.
Continuous Flexible Conduit installed in the same bore as the related Conduit Bank Type as specified in the Plan Sheets.
Conduit Bank: Separate individual conduits a minimum of 3 inches.
Fiberglass Conduit installed in the same Hanger assembly as the related Conduit Bank type as specified in the Plan Sheets.
Unless identified as “bored” in the plans, the contractor shall be paid at the unit price bid for Conduit Bank Type X, regardless of what installation method is used.
Where Structure Conduit Bank Type 1 and 2” Structure Conduit w/bank is shown in the plans, the conduit shall be 2” fiberglass conduit and shall meet the same applicable characteristics as the outerduct described above.
References in Note 6 and Note 7 were updated for clarity.Effective Date:UGS04-29-2016 Scope CD 120.3 Conduit Bank Requirements for CIC 48" (MIN)FOR REFERENCE ONLY This page intentionally left blank.
More Definitions of Conduit Bank
Conduit Bank means any special purpose funding vehicle that (i) is organized under the laws of the U.S. or any state thereof, and (ii) is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business.
Conduit Bank means any special purpose corporation organized and administered by any Bank for the purpose of making Term Loans hereunder otherwise required to be made by such Bank and designated by such Bank, subject to the consent of, and pursuant to a written instrument in form and substance satisfactory to, the Administrative Agent and the Company; provided, that the designation by any Bank of a Conduit Bank shall not relieve the designating Bank of any of its obligations to fund a Term Loan under this Agreement if, for any reason, its Conduit Bank fails to fund any such Term Loan, and the designating Bank (and not the Conduit Bank) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Bank, provided, further, that no Conduit Bank shall (a) be entitled to receive any greater amount pursuant to Section 3.15, 9.1, 9.3 or 11.3 than the designating Bank would have been entitled to receive in respect of the extensions of credit made by such Conduit Bank or (b) be deemed to have any Commitment hereunder, and provided, further, that the designating Bank shall act as administrative agent for its Conduit Bank and give and receive notices on its Conduit Bank's behalf, any payments for the account of its Conduit Bank shall be paid to the designating Bank as administrative agent for its Conduit Bank and neither the Company nor the Administrative Agent shall be responsible for such designating Bank's application of such payments.
Conduit Bank means any special purpose corporation organized and administered by any Bank for the purpose of making Loans hereunder otherwise required to be made by such Bank and designated by such Bank in a written instrument, subject to the consent of the Agent and the Borrower (which, in each case, shall not be unreasonably withheld or delayed); provided that the designation by any Bank of a Conduit Bank shall not relieve the designating Bank of any of its obligations to fund a Loan under the Agreement if, for any reason, its Conduit Bank fails to fund any such Loan, and the designating Bank (and not the Conduit Bank) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Bank, and provided further that no Conduit Bank shall be entitled to receive any greater amount pursuant to Section 8.03, 8.04 or
Conduit Bank means any special purpose corporation organized and administered by any Bank for the purpose of making Loans otherwise required to be made by such Bank and designated by such Bank in a written instrument; provided, that the designation by any Bank of a Conduit
Conduit Bank means any special purpose corporation organized and