Holdout Bank definition

Holdout Bank is defined in Section 12.11 hereof.
Sample 1

Examples of Holdout Bank in a sentence

  • Such notice to replace the Holdout Bank shall specify an effective date for such replacement, which date shall not be later than fifteen (15) Business Days after the date such notice is given.

  • Prior to the effective date of such replacement, the Holdout Bank and each Replacement Bank shall execute and deliver a Assignment and Acceptance, subject only to the Holdout Bank being repaid its full share of the outstanding Revolving Credit Commitment, funding losses and all interest, fees, expenses, charges and other amounts payable by Borrower pursuant to the Loan Documents without any premium, discount, or penalty of any kind whatsoever.

  • Until such time as the Replacement Banks shall have acquired all of the Commitment Percentage of the Holdout Bank hereunder and under the other Loan Documents, the Holdout Bank shall remain obligated to provide the Holdout Bank’s Commitment Percentage of the Revolving Credit Commitment.

  • The replacement of any Holdout Bank shall be made in accordance with the terms of Section 11.16 hereof and this Section.

  • If the Holdout Bank shall refuse or fail to execute and deliver any such Assignment Agreement prior to the effective date of such replacement, the Holdout Bank shall be deemed to have executed and delivered such Assignment Agreement.

  • If the Holdout Bank shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, the Holdout Bank shall be deemed to have executed and delivered such Assignment and Acceptance.

Related to Holdout Bank

  • Holdout Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Replacement Bank shall have the meaning provided in Section 1.13.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • UBS AG, New York Branch shall have the meaning assigned to such term in the preamble to this Agreement.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Exiting Lender see Section 2.17.7.

  • Departing Lender Signature Page means each signature page to this Agreement on which it is indicated that the Departing Lender executing the same shall cease to be a party to the Existing Credit Agreement on the Effective Date.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

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

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • BANK'S LONDON BRANCH means the London branch office of Bank.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • Prudential means The Prudential Insurance Company of America.

  • Agent Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

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

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.