Holdout Bank definition

Holdout Bank is defined in Section 12.11 hereof.
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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.

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

  • 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.

  • 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.

  • 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.

Related to Holdout Bank

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

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

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • 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.