Minority Banks definition

Minority Banks the meaning set forth in Section 11.1(b).
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Minority Banks as defined in Section 9.1(b).
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Minority Banks means Fleet National Bank and Wells Fargo Bank, N.A., and their respective successors and assigns.
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Examples of Minority Banks in a sentence

  • In connection therewith, on March 31, 2003, the Debtors shall pay to Milbank Tweed Hadley & McCloy to be held in escrow for the benefit of the Minority Banks the sum equal to pre-petition and post-petition legal and advisory fees actually incurred by the Minority Banks through and including February 28, 2003, in aggregate amount not to exceed $1 million.

  • The Minority Banks have asserted that the contemplated subordination and/or release of the Prepetition Liens contemplated in the DIP Financing Documents is not authorized by the Prepetition Loan Documents.

  • The Debtors, the Reorganized Debtors, the Weisel Funds, the Minority Banks, and the Creditors' Committee, as well as each creditor that voted on the Plan and did not opt out of the release provisions on its respective Ballot, have specifically consented to the releases contained in Article XI of the Plan, as modified by the decretal paragraphs of this Confirmation Order.

  • Notwithstanding the foregoing release, neither the Weisel Funds, on one hand, and the Minority Banks, on the other hand, shall be deemed to have released each other until the occurrence of the Effective Date, and the release set forth herein shall not be deemed binding or effective as to the 33 Weisel Funds or the Minority Banks (as between such entities) until the occurrence of the Effective Date.

  • The Minority Banks have asserted that the Fifth Amendment is not valid, effective and binding in any respect, and have not consented to or authorized any of the amendments set forth therein.

  • With respect to the fee statements of the Minority Banks up to and including February 28, 2003, the UST and the Committee shall have 20 days to review and object to the reasonableness thereof.

  • Subject to the time and other limitations as set forth in this paragraph 9 and paragraph 8, the Debtors, the Minority Banks, the UST, the Committee, and Weisel each reserve the right to object to the reasonableness of all fee statements of such parties.

  • During the pendency of the Bankruptcy Cases, the Debtors shall simultaneously deliver to the Minority Banks and the Committee all reports, notices or other documents delivered to the DIP Lenders pursuant to the DIP Financing Agreement.

  • Weisel and the Debtors have agreed not to and shall not be permitted to object to the reasonableness of the fees and expenses of the Minority Banks incurred during the period prior to and including February 28, 2003 to the extent the aggregate fees and expenses incurred by the Minority Banks during that period does not exceed $1 million.

  • The Prepetition Lenders (other than the Minority Banks) further assert that the Debtors do not have any claims or causes of action against the administrative agent appointed under the Prepetition Credit Facility and the collateral agent under the Prepetition Credit Agreement (such agents collectively, the "Prepetition Agents").

Related to Minority Banks

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • Minority Group means any of the following racial or ethnic groups:

  • 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.

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • Requisite Lenders means Lenders having or holding more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Minority Investment means any Person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns Capital Stock.

  • 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).

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments are no longer in effect, Banks holding at least 66 2/3% of the aggregate outstanding principal amount of the sum of the (i) Syndicated Loans and (ii) Money Market Loans.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Minority Business means a business:

  • Continuing Lenders as defined in the recitals hereto.

  • Facility Agent has the meaning set forth in the Preamble.

  • Affiliated Lender Cap has the meaning assigned to such term in Section 9.05(g)(iv).

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • Minority institutions , as used in this clause, means an institution of higher education meeting the requirements of section 1046(3) of the Higher Education Act of 1965 (20 U.S.C. 1135d-5(3)) which for the purposes of this clause includes a Hispanic-serving institution of higher education as defined in section 316(b)(1) of the Act (20 U.S.C.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.