Impaired Bank definition

Impaired Bank means a Bank (a) that has failed to fund its Revolving Credit Percentage or Term Loan Percentage, as applicable, of any Advance or to purchase participations in a Swing Line Advance or any Reimbursement Obligations, (b) that has otherwise failed to pay to the Agent or any other Bank any other amount required to be paid by it under the terms of this Agreement or any other Loan Document, unless such Bank is disputing such obligation to pay any such amount in good faith, (c) which the Agent, the Issuing Bank or Swing Line Bank believes, in good faith, has defaulted in fulfilling its obligations under any other syndicated credit facilities or as a participant in any other credit facility, (d) that has been, or is controlled by any Person which has been, determined to be insolvent or that has become subject to a bankruptcy or other similar proceeding, or (e) any material assets or management of which has been taken over by any governmental authority.
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Impaired Bank means a Defaulting Bank and any other Bank (a) which the Agent, the Issuing Bank or Swing Line Bank believes, in good faith,
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Impaired Bank means a Bank (a) that has failed to fund its Percentage of any Advance or to purchase participations in a Swing Line Advance or any Reimbursement Obligations, (b) that has otherwise failed to pay to the Agent or any other Bank any other amount required to be paid by it under the terms of this Agreement or any other Loan Document, unless such Bank is disputing such obligation to pay any such amount in good faith, (c) which the Agent, the Issuing Bank or Swing Line Bank believes, in good faith, has defaulted in fulfilling its obligations under any other syndicated credit facilities or as a participant in any other credit facility unless such Bank is disputing such obligations in good faith, (d) that has been, or is controlled by any Person which has been, determined to be insolvent or that has become subject to a bankruptcy or other similar proceeding, or
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Examples of Impaired Bank in a sentence

  • Akashi, (2009), "Impaired Bank Health and Default Risk," Pacific-Basin Finance Journal, 17(2), pp.145-162.Fukuda, S., and S.

  • Class 3 Impaired Bank Group Claim Total Estimated Amount of Class 3 Will receive payment in full, in cash on the Claims: $262,350,000 Effective Date from advances made under the Credit Facility and proceeds of the Rights Offering or the Private Placement and, if applicable, the Standby Loan.

  • Impaired Bank Health a nd Default Risk * Shin-ichi Fukuda (University of Tokyo) Munehisa Kasuya (Bank of J apan)Kentaro Akashi (University of Tokyo) AbstractEmpirical studies in cor porate finance have lo ng been focused on the role of banks in reducing the costs of financial distress.

  • CARF-F-122 Impaired Bank Health and Default RiskShin-ichi Fukuda University of Tokyo Munehisa Kasuya Bank of Japan Kentaro Akashi University of Tokyo May 2008 CARF is presently supported by AIG, Bank of Tokyo-Mitsubishi UFJ, Ltd., Citigroup, Dai-ichiMutual Life Insurance Company, Meiji Yasuda Life Insurance Company, Mizuho Financial Group, Inc., Nippon Life Insurance Company, Nomura Holdings, Inc.

  • The following table analyses relevant investments and debtors as at the date of account Investments Impaired Bank Loan The impaired bank deposit was made with the following Icelandic bank which went into liquidation in October 2008: Interest continues to accrue on the carrying amounts at the original interest rates.


More Definitions of Impaired Bank

Impaired Bank means a Defaulting Bank and any other Bank (a) which the Agent, the Issuing Bank or Swing Line Bank believes, in good faith, has defaulted (and continues to be in default) in fulfilling its obligations under any other syndicated credit facilities or as a participant in any other credit facility and such Bank is not in good faith disputing that such a failure has occurred, or (b) which, if carrying an investment grade rating of at least BBB- from S&P or Baa3 from Xxxxx’x at the time it became a party to this Agreement, no longer carries a rating of at least BBB- from S&P or Baa3 from Xxxxx’x, provided, however, in all cases that an Impaired Bank shall no longer be deemed an Impaired Bank when (i) the Impaired Bank shall have cured the conditions which shall have caused it to be an Impaired Bank hereunder and (ii) the Agent has agreed that such Bank shall no longer be deemed an Impaired Bank hereunder.
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Impaired Bank means a Bank (a) that has failed to fund its Percentage of any Advance or to purchase participations in a Swing Line Advance or any Reimbursement Obligations, (b) that has otherwise failed to pay to the Agent or any other Bank any other amount required to be paid by it under the terms of this Agreement or any other Loan Document, unless such Bank is disputing such obligation to pay any such amount in good faith, (c) which the Agent, the Issuing Bank or Swing Line Bank believes, in good faith, has defaulted in fulfilling its obligations under any other syndicated credit facilities or as a participant in any other credit facility unless such Bank is disputing such obligations in good faith, (d) that has been, or is controlled by any Person which has been, determined to be insolvent or that has become subject to a bankruptcy or other similar proceeding, (e) any material assets or management of which has been taken over by any governmental authority or (f) who has, or whose parent corporation has, a credit rating of less than BBB-/Baa3 (or equivalent) from Standard & Poor’s or Xxxxx’x. As used in this definition “parent corporation” means, with respect to a Bank, any Person controlling such Bank, including, without limitation, the bank holding company (as defined in Regulation Y of the Board of Governors of the Federal Reserve System) if any, of such Bank.”
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Related to Impaired Bank

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

  • Impaired water means a water body or water body segment that does not meet its applicable water quality standards as set forth in Chapters 62-302 and 62-4, F.A.C., as determined by the methodology in Part IV of Chapter 62-303, F.A.C., due in whole or in part to discharges of pollutants from point or nonpoint sources.

  • Impaired waters means those surface waters of the state designated by the commissioner as impaired pursuant to Section 303(d) of the Clean Water Act and as identified in the most recent State of Connecticut Integrated Water Quality Report.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Affected Bank has the meaning specified in Section 3.07.

  • Impaired practitioner means individuals whose professional practice is adversely affected by substance abuse, addiction, or other health-related conditions.

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • enforcement order means an administrative requirement issued by the department under the authority of RCW 90.48.120 that directs a public body to complete a specified course of action within an explicit period to achieve compliance with the provisions of chapter 90.48 RCW.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Securities Intermediary shall have the meaning given such term in Section 8-102(14) of the UCC.

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • insolvency administrator means a person authorised to administer the reorganisation or liquidation, including one authorised on an interim basis, and includes a debtor in possession if permitted by the applicable insolvency law;

  • Specified Derivatives Provider means any Lender, or any Affiliate of a Lender that is a party to a Derivatives Contract at the time the Derivatives Contract is entered into.

  • Hedge Provider means Xxxxx Fargo or any of its Affiliates.

  • Control Party means (i) the Guarantor, so long as no Guarantor Default has occurred and is continuing, or (ii) the holders of the Notes for so long as a Guarantor Default has occurred and is continuing.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Note Insurer means MBIA Insurance Corporation, a New York stock insurance corporation, and its successors and assigns.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.