Existing Banks definition

Existing Banks has the meaning assigned to such term in the recitals hereto.

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

Existing Banks. As defined in the preamble hereto.

Examples of Existing Banks in a sentence

• The Existing Banks, including, without limitation, the Departing Banks, further agree to make all assignments and/or transfers, and hereby consent to any such assignments and transfers, which may be necessary (including, without limitation, assignments of funded obligations) to effect the allocations described in the preceding sentence.

• The Borrowers, the Administrative Agent and the New Bank hereby agree that on and as of the dates set forth below the New Bank shall replace, as specified herein, _% (such percentage being referred to as the New Bank’s “Percentage”) of each utilization of the Cancelled Commitments [set forth in the third recital hereof] [set forth under the caption “Committed Rate Loans”] and that the aggregate Commitment of the New * As appropriate for New or Existing Banks.

• Administrative Agent shall pay such amount to the Existing Banks in accordance with the Existing Banks’ respective Pro Rata Shares (as calculated immediately prior to the admission of the New Bank (or the increase in a Bank’s Loan Commitment)), and such payment shall effect an automatic reduction of the outstanding principal balance under the respective Ratable Loan Notes of the Existing Banks.

• The Borrowers, the Existing Banks and the Agents are parties to the Amended and Restated Credit Agreement (Three-Year Facility) dated as of September 10, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”).

• For purposes of this Section, the term “Outstanding Percentage” means the ratio of (i) the aggregate outstanding principal amount under the Ratable Notes of the Existing Banks, immediately prior to the admission of the New Bank (or the increase in the Loan Commitment of a Bank), to (ii) the aggregate of the Loan Commitments of the Existing Banks (as increased pursuant to this Section, if applicable) and the New Bank.

More Definitions of Existing Banks

Existing Banks means the banks that are parties to the Existing Credit Agreement.

Existing Banks is defined in the recitals.

Existing Banks has the meaning as set forth in the Recitals hereto.

Existing Banks means the banks as defined under the Original Credit Agreement.

Existing Banks means the Banks party to the Existing Credit Agreement.

Existing Banks shall have the meaning assigned to such term in the recitals hereto.

Existing Banks shall have the meaning provided in the Recitals to this Agreement.