Departing Bank definition

Departing Bank means each Existing Bank that executes and delivers to the Administrative Agent a signature page to this Amendment on which it is indicated that such Existing Bank is a “Departing Bank”; and

Departing Bank means each “Bank” under the Existing Credit Agreement that does not have a Commitment hereunder and is identified on the Departing Bank Schedule hereto.

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

Examples of Departing Bank in a sentence

• No Departing Bank shall be a “Bank” party to the Amended Credit Agreement and the Departing Banks shall no longer have any rights or obligations under the Amended Credit Agreement (other than rights and obligations under those provisions of the Amended Credit Agreement that expressly survive termination thereof, which shall survive).

• Without prejudice to the survival of any other agreement of the Company hereunder the agreements of the Company contained in said Sections 5.01, 5.06 and 11.03 (without duplication of any payments made to such Departing Bank by the Company or the Proposed Bank) shall survive for the benefit of such Departing Bank under this Section 5.07 with respect to the time prior to such replacement.

• Each Departing Bank shall no longer have any rights or obligations under the Amended Credit Agreement or any other Loan Document (other than rights and obligations under those provisions of the Existing Credit Agreement that expressly survive termination thereof, which shall survive).

• Each Departing Bank’s Commitment and Revolving Credit Commitment under the Existing Credit Agreement immediately prior to giving effect to this Amendment shall be terminated, and no Departing Bank shall be a “Bank” party to the Amended Credit Agreement.

• Xxxxxxx Title: Vice President The undersigned Departing Bank hereby acknowledges and agrees that, from and after the Closing Date, it is no longer a party to the Existing Credit Agreement or any of the Credit Documents executed in connection therewith and will not be a party to this Agreement.

More Definitions of Departing Bank

Departing Bank shall have the meaning assigned to such term in Section 5.07 hereof.

Departing Bank means any Person which is a “Lender” under the Existing Agreement but does not have a Commitment under this Amended Agreement.

Departing Bank means Xxxxxx Trust and Savings Bank.

Departing Bank shall have the meaning set forth in Section 1.14 of the Agreement.

Departing Bank means Hxxxxx X.X.

Departing Bank has the meaning specified in Section 3.02.

Departing Bank means Harris Trust and Savings Bank. "Environmental Laws" means all applicable federal, state, local and