Consenting Banks definition

Consenting Banks has the meaning set forth in Section 2.18(a).
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Consenting Banks is defined in the recitals.
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Consenting Banks means the Prepetition Banks that are signatories to the Restructuring Support Agreement.
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Examples of Consenting Banks in a sentence

  • Each Guarantor hereby ratifies and reaffirms: (i) the validity, legality and enforceability of its obligations under Article 9 of the Credit Agreement; (ii) that its reaffirmation of such obligations is a material inducement to the Administrative Agent and the Consenting Banks to enter into this Amendment; and (iii) that its obligations under Article 9 of the Credit Agreement shall remain in full force and effect in accordance with its terms until all the Guaranteed Obligations have been paid in full.

  • If so extended, the Termination Date, as to the Consenting Banks and as to any Person replacing a Bank that does not consent to an extension (that so agrees upon becoming such a replacement), shall be extended to the same date in the following year, effective as of the Termination Date then in effect (such existing Termination Date being the “Extension Effective Date”).

  • If a Consenting Bank shall have agreed to such Termination Date Extension Request in respect of Commitments held by them, then, subject to paragraph (c) of this Section, on the date specified in the Termination Date Extension Request as the effective date thereof (the “Extension Effective Date”), the Existing Termination Date of the applicable Commitments shall, as to the Consenting Banks, be extended to such date as shall be specified therein.

  • The Consenting Banks which elect to exercise their purchase options hereunder shall by mutual agreement determine the amount of each Non-Consenting Bank's Percentage of the Revolving Credit Aggregate Commitment being purchased by each Consenting Bank, provided that if there is any dispute among the Consenting Banks such purchase shall be based upon a pro rata sharing of each Non-Consenting Bank's Percentage thereof.

  • Only if the Consenting Banks have determined not to purchase all of the Non-Consenting Bank's Revolving Credit Aggregate Commitment may financial institutions other than a Consenting Bank then purchase such Non-Consenting Bank's Revolving Credit Aggregate Commitment.

  • The Administrative Agent shall have received this Amendment duly executed by the Borrower, the Guarantors, the Administrative Agent and the Consenting Banks, and in sufficient copies for each Bank.

  • One of the table columns describes op- tional content; but when this column appears it must be used as defined in this section.

  • If the sum of the Commitments then in effect plus the aggregate Additional Commitments exceeds the Maximum Commitment, the Commitment of each Consenting Bank shall be increased by an amount equal to the product of (i) such Consenting Bank's Additional Commitment multiplied by (ii) the quotient of (a) the excess of (A) the Maximum Commitment, over (B) the Commitments then in effect, divided by (b) the aggregate Additional Commitments of all Consenting Banks.

  • Notwithstanding anything herein to the contrary, the duties and obligations of the Consenting Noteholders and the Consenting Banks under this Agreement shall be several, not joint, with respect to each Consenting Noteholder and each Consenting Bank.

  • The rights of the Consenting Banks in respect of the Original Plan following a Consenting Bank Termination Date (including, without limitation, the right to assert prepetition and postpetition interest accruing at the default rate) are reserved in all respects.


More Definitions of Consenting Banks

Consenting Banks has the meaning defined in Section 2.6.
Sample 1
Consenting Banks shall have the meaning assigned to such term in Section 1.2(f).
Sample 1

Related to Consenting Banks

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Non-Consenting Bank means any Bank that does not approve any consent, waiver or amendment that (a) requires the approval of each Bank or each affected Banks in accordance with the terms of Section 10.05 and (b) has been approved by the Required Banks.

  • Existing Lenders as defined in the recitals hereto.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Exiting Lender see Section 2.17.7.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Increasing Lenders is defined in Section 2.14.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Continuing Lenders as defined in the recitals hereto.

  • Augmenting Lender has the meaning assigned to such term in Section 2.20.

  • 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.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.