Exiting Bank definition
Examples of Exiting Bank in a sentence
In connection with any such sale, the relevant Borrowers shall compensate the Exiting Bank for any funding losses as provided in Section 2.13 and the Company shall pay to the Exiting Bank its facility fee accrued to but excluding the date of such sale.
On the Amendment Effective Date, any Bank whose Commitment is changed to zero (each, an "EXITING BANK") shall cease to be a Bank party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of each Exiting Bank shall be due and payable on such date; PROVIDED that the provisions of Sections 3.01, 3.03, 10.04 and 10.05 of the Agreement shall continue to inure to the benefit of each Exiting Bank after the Amendment Effective Date.
In connection with any such sale, the Company shall compensate the Exiting Bank for any funding losses as provided in Section 2.14 and pay to the Exiting Bank its facility fees accrued to but excluding the date of such sale.
By way of example, if […***…] the applicable Synthetic Compound Royalty Rate shall be […***…], which shall be applicable to all Products that contain any Selected Synthetic Compound following such date.
The Exit Agreement shall be deemed to be effective concurrently with the Closing Date, and upon such effectiveness, each Exiting Bank shall no longer be deemed to be a party to the Existing Loan Agreement and the other Loan Documents thereunder for any purpose.