Credit Banks definition

Credit Banks means the credits to which Borrowers are entitled to receive from the City of Austin under Article 12 of the Development Agreement, in the original aggregate face amount of $15,000,000.
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Credit Banks means the lenders who are signatories to the Loan Agreement.
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Credit Banks means, collectively, the Series Credit Banks. All references to “Credit Banks,” as applied to a specific Series of Bonds, shall be of no effect at any time such Series of Bonds constitutes an Unenhanced Series, except with respect to vested rights.
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Examples of Credit Banks in a sentence

  • The nation is served by three Farm Credit Banks (FCBs) and one Agricultural Credit Bank (ACB), (collectively, the System Banks) each of which has specific lending authorities within its chartered territory.

  • Farm Credit Banks are authorized to make loans and extend other similar financial as- sistance to associations with direct lending authority and discount for or purchase from such associations, with the association’s endorsement or guar- anty, any note, draft, and other obliga- tions for loans that have been made in accordance with the provisions of sub- parts D and E of part 614 of these regu- lations.

  • Farm Credit Banks are authorized to discount for or purchase from such in- stitutions, with the institution’s en- dorsement or guaranty, notes, drafts, and other obligations or loans made to persons and for purposes eligible for fi- nancing by a production credit associa- tion, in accordance with § 614.4130 and subpart P of this part.

  • If your institution is a bank, also send a copy to your affiliated associations, the other Farm Credit banks, and the Fed- eral Farm Credit Banks Funding Cor- poration (Funding Corporation).

  • Third, our paper adds to a number of recent studies that examine innovations in convertible debt design, e.g., contingent convertibles (Marquardt and Wiedman, 2005, 2007), hard versus soft call provisions (Korkeamaki and Moore, 2004), and death spiral convertibles (Hillion and Vermaelen, 2004).

  • TaxationThe Farm Credit Banks and the capital, re- serves, and surplus thereof, and the income de- rived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes on real estate held by a Farm Credit Bank to the same extent, according to its value, as other similar property held by other persons is taxed.

  • The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the in- come therefrom shall be exempt from all Fed- eral, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31U.S.C. 3124).(Pub.

  • These notes are the secured joint and several obligations of the Farm Credit System which consists of the Federal Land Banks, the Federal Intermediate Credit Banks, and the Banks for Cooperatives.

  • These bonds are the secured joint and several obligations of the Farm Credit Banks.

  • Their issuance supersedes individual bond issues by the Federal Land Banks, the Federal Intermediate Credit Banks, and the Banks for Cooperatives.


More Definitions of Credit Banks

Credit Banks has the meaning set forth in Section 12.1 of this Agreement.
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Credit Banks means, collectively, any bank or other financial institution from time to time party to a Credit Bank Reimbursement Agreement or a Credit Bank Working Capital Agreement, including any bank or other financial institution which has executed a counterpart to the Intercreditor Agreement and has been designated as a "Secured Party" acting in the capacity as agent for such banks or financial institutions and its permitted successors and assigns; provided, however, that any Credit Bank issuing a letter of credit under a Credit Bank Reimbursement Agreement shall, at the time of the initial issuance of such letter of credit, have a long-term unsecured senior debt rating of at least "A" or its equivalent from the Rating Agencies.
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Credit Banks means all banks listed on the signature pages of the Credit Agreement, and their successors and assigns.
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Related to Credit Banks

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

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

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

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • New Credit Facility is defined in Section 9.8.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).