Declining Banks definition

Declining Banks means all Banks that are a Declining Bank.
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Declining Banks shall have the meaning set forth in Section 2.2(c).
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Declining Banks have the meaning assigned to such terms in Section 2.12 hereof.
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Examples of Declining Banks in a sentence

  • The Borrower will have the right to accept Commitments from any Eligible Assignee that is not a Bank in an aggregate amount up to the aggregate amount of the Commitments of any Declining Banks; provided that any Eligible Assignee proposed to be substituted for a Declining Bank (unless such Eligible Assignee is an affiliate of a Bank) must be approved by the Administrative Agent, the Swingline Lender and the Issuing Banks, such approval, in each case, not to be unreasonably withheld, delayed or conditioned.

  • If the Bank or Banks which are not the Declining Banks desire, they may (on a pro rata basis among the Banks that have elected to continue funding) make the full or partial amount of such requested Revolving Loan or issue or amend the requested Letter of Credit irrespective of the Declining Banks' disapproval (in such case, the Banks that elect to continue funding shall be referred to as the "Approving Banks").

  • The Borrower will have the right to accept Commitments from Persons acceptable to the Administrative Agent in an amount up to the amount of the pre-termination Commitments of any Declining Banks, provided that the Renewing Banks will have the right to increase their Commitments up to the amount of the Declining Banks' Commitments before the Borrower will be permitted to substitute Persons for the Declining Banks.

  • In connection therewith, the Administrative Agent shall enter in the Register (A) the names of any New Banks, (B) the Maturity Date applicable to each Bank and Fronting Bank and (C) the respective allocations of any Declining Banks, Consenting Banks, Extending Banks and New Banks effective as of the Maturity Date applicable thereto.

  • Any such assignment shall be made pursuant to an Assignment and Acceptance between the Declining Bank and each applicable Successor Bank (it being understood that no Declining Bank shall be required to make any such assignment unless all of such Declining Bank's Letters of Credit, L/C Advances, L/C Commitment and other rights and obligations hereunder are being assigned concurrently pursuant to one or more assignments).

  • We VACATE the concurrent sentences of life imprisonment without possibility of release imposed on counts 2 and 3 and REMAND to the district court solely for re-sentencing on counts 2 and 3.

  • If the Bank or Banks which are not the Declining Banks desire, they may (on a pro rata basis among the Banks that have elected to continue funding) make the full amount of such requested Revolving Loan or issue or amend the requested Letter of Credit irrespective of the Declining Banks' disapproval (in such case, the Banks that elect to continue funding shall be referred to as the "Approving Banks").

  • The aim of the research and its significance was also discussed in this chapter.

  • If a Bank fails to accept or respond to the Agent's request for an increase in its Revolving Facility Amount or Term Facility Amount (a "Declining Bank"), such Declining Bank's share of the increase may be allocated by the Agent to one or more Accepting Banks which, in such Bank's sole and absolute discretion, accepts in writing any such allocation by the Agent.

  • On the date of any such assignment, (i) the Successor Bank(s) shall pay to the Declining Bank an amount equal to the principal amount of all of such Declining Bank's outstanding L/C Advances, (ii) the Company shall pay to the Declining Bank an amount equal to all accrued interest, fees and other amounts then owed to such Declining Bank hereunder or in connection herewith, and (iii) the Declining Bank shall cease to be a Bank hereunder.


More Definitions of Declining Banks

Declining Banks. Loans and Commitments hereunder, and (y) upon the payment of such amounts referred to in clause(x) and the execution of an Assignment and Acceptance agreement by the Replacement Bank or Replacement Banks and the Declining Bank or Declining Banks (which each such Declining Bank agrees to execute promptly), the Replacement Bank or Replacement Banks shall each constitute a Bank hereunder and the Declining Bank or Declining Banks being so replaced shall no longer constitute a Bank (other than for purposes of Sections6 and 13), and shall no longer have any obligations hereunder, other than to the Agents pursuant to Section 12; or
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Related to Declining Banks

  • Declining Lender has the meaning specified in Section 2.05(c).

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

  • Existing Lenders means the lenders party to the Existing Credit Agreement.

  • Exiting Lender see Section 2.17.7.

  • Extending Lenders has the meaning specified in Section 2.08.

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

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

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

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

  • Participating Banks means the list of Banks as set out in Table 2 below.

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

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

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

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

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Loan.

  • 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.

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

  • Issuing Lenders means all such Persons, collectively.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • 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.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

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

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Terminated Lender as defined in Section 2.19.