Conduit Bank definition

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.
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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.
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Conduit Bank means a system of more than one conduit bundled together to protect and consolidate communications infrastructure.
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Examples of Conduit Bank in a sentence

  • Fiberglass Conduit installed in the same Hanger assembly as the related Conduit Bank type as specified in the Plan Sheets.

  • Continuous Flexible Conduit installed in the same trench as the related Conduit Bank Type as specified in the Plan Sheet.

  • Continuous Flexible Conduit installed in the same bore as the related Conduit Bank Type as specified in the Plan Sheets.

  • The portion of a Conduit installation, usually in a Conduit Bank formation, between adjacent manholes, handholes, vaults and/or other dividing points.

  • Notwithstanding the foregoing, any Conduit Bank may assign at any time to its designating Bank hereunder without the consent of the Borrower or the Agent any or all of the Loans it may have funded hereunder and pursuant to its designation agreement and without regard to the limitations set forth in the first sentence of this Section 10.06(c).

  • Allie underwent spontaneous puberty but had an adverse reaction to hormone replacement therapy and was referred to the adolescent gynecology department.

  • Notwithstanding the foregoing, no Conduit Bank shall assign any portion of the Term Loans it may have funded hereunder without the consent of the Company and the Administrative Agent unless such assignment is to its designating Bank hereunder.

  • There is a problem that the area of buildings is possibly mixed with vegetation, and the LIDAR points in these areas cannot be separated into two objects easily.

  • The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless the Program Agent has received notice from any Investor Agent, Conduit, Bank, the Servicer, any Originator or the Transferor stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination.

  • Conduit Bank, Rem FootCITY OF JACKSON, MICHIGAN SPECIAL PROVISION FOREARTH SAWCUT AND TREE PRESERVATIONJackson: RTM 1 of 2 10-08-11 a.


More Definitions of Conduit Bank

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
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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.
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Conduit Bank means any special purpose corporation organized and
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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.
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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
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Related to Conduit Bank

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Conduit Assignee means any multi-seller commercial paper conduit or special purpose entity funded by a multi-seller commercial paper conduit which is, in either case, administered by a common manager or an Affiliate of a CP Conduit, or the collateral trustee of such entity.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • CP Conduit means any limited-purpose entity established to use the direct or indirect proceeds of the issuance of Commercial Paper Notes to finance financial assets.

  • CP means SFMTA Contracts and Procurement.

  • Deposit Bank has the meaning set forth in Section 7.1.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • Conduit shall have the meaning assigned to such term in Section 14(d).

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • LC Bank has the meaning set forth in the preamble to this Agreement.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Credit Enhancement means, with respect to this Confirmation or any other Relevant Agreement, any credit enhancement or other credit support arrangement in support of the obligations of Dealer or Counterparty hereunder or thereunder or with respect hereto or thereto, including any guarantee or collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • KeyBank means KeyBank National Association.

  • BTMU means The Bank of Tokyo-Mitsubishi UFJ, Ltd.

  • Related Commercial Paper means, at any time of determination, Commercial Paper the proceeds of which are then allocated by the Related Funding Agent as the source of funding the acquisition or maintenance of, the Asset Interest.

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Eligible lending institution means a financial

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • Enhancement Provider means the Person providing any Enhancement as designated in the applicable Series Supplement.