Extending Banks definition

Extending Banks has the meaning specified in Section 2.22(a).

Extending Banks means those parties to this Supplemental Agreement listed under the heading "Extending Banks" on the signatory pages.

Extending Banks means each Bank in its capacity as a holder of Extended Tranche B Loans. No such Bank shall be deemed to be an Extending Bank in its capacity (if any) as a holder of Non-Extended Tranche B Loans.

Examples of Extending Banks in a sentence

• If so extended, the Commitment Termination Date, as to the Extending Banks, shall be a requested date up to 364 days from the Existing Termination Date then in effect, effective as of such Existing Termination Date (such Existing Termination Date being the “Commitment Extension Effective Date”).

• Furthermore, such repayments and terminations required to be made to the Non-Extending Banks on the Non-Extended Maturity Date shall not be subject to the pro rata sharing provisions of this Agreement (vis-à-vis) the Extending Banks, including without limitation Sections 10.1(a) and 10.3 hereof, unless the Revolving Credit Maturity Date for all of the Banks has occurred on or before such date.

• Upon the foregoing repayment to the Non-Extending Banks, the Agent shall distribute to the Extending Banks and the Company a revised Schedule 1.2 (giving effect to the new Percentages resulting therefrom and from any assignments relating thereto), and all outstanding Advances of the Revolving Credit (if any) shall be reallocated among the Extending Banks based on such new Percentages.

• If the aggregate amount of such additional Commitments from Extending Banks is less than the aggregate amount of the Commitments of the Non-Extending Banks, the Guarantor shall have the right to add to this Agreement one or more new banks to replace such difference in Commitments (each Extending Bank so agreeing and each such new bank, an "Additional Commitment Bank").

• Each Additional Commitment Bank shall enter into an agreement in form and substance satisfactory to the Guarantor and the Administrative Agent pursuant to which such Additional Commitment Bank shall, effective as of the Existing Commitment Termination Date, have undertaken a Commitment (which, if such Additional Commitment Bank is an Extending Bank, shall be in addition to such Extending Bank's Commitment hereunder on such date).

• Subject to the Company’s right to replace a Bank pursuant to Section 2.21, if the Required Banks shall have agreed to the requested extension, then the Stated Termination Date shall, as to the Extending Banks, be extended by 180 days.

• Each Extending Bank shall be entitled to commit, effective as of the Extension Date, to purchase from the Terminating Banks, at any time after the Extension Date and on or before the Termination Date (prior to its extension hereunder), a ratable portion of the Commitments and outstanding Loans of the Terminating Banks in accordance with the Extending Bank's respective percentage of the remaining Aggregate Commitments.

• If the Extending Banks notify the Administrative Agent that they are willing to accept assignments of Commitments in an aggregate amount that exceeds the amount of the Commitments of the Non-Extending Banks, such Commitments shall be allocated among the Extending Banks willing to accept such assignments in such amounts as are agreed between API and the Administrative Agent.

• Promptly following expiration of such ten day period, the Agent will notify the Borrower and the Banks of the Banks from which it has received such a notice agreeing to so renew ("Extending 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.

More Definitions of Extending Banks

Extending Banks means (a) the Banks who have agreed pursuant to the First Amendment (or any other extension occurring after the First Amendment Effective Date pursuant to Section 2.12) to extend all of their respective Commitment until the Extended Maturity Date, (b) the New Banks (as defined in the First Amendment) and (c) the Extension Banks. A Bank shall only be an Extending Bank with respect to its Extended Commitment and any Loans made by it thereunder. With respect to any extension pursuant to Section 2.12, any Non-Extension Bank may, subsequent to the effectiveness of such extension, agree to become an Extending Bank with respect to such extension.

Extending Banks means Societe Generale and each Bank which has executed a commitment letter addressed to Societe Generale granting an option in favor of the Borrower to extend the maturity of their respective Tranche A Commitments to September 30, 1997.