Examples of New Banks in a sentence
Each such notice shall specify (i) the proposed Increase Date, (ii) the amount of the requested Commitment Increase (which amount shall conform to the requirements of Section 2.6(a)), (iii) the identity of each New Bank and/or each Increasing Bank that is participating in such Commitment Increase, and (iv) the amount of the respective Commitments of the then existing Banks and the New Banks from and after the applicable Increase Date.
The New Banks wish to become parties to the Amended Credit Agreement as “Banks” on the date hereof.
Any such Total Commitment increase will become effective upon (A) in the case of New Banks only, the payment to the Payments Administrator of a nonrefundable fee of $2,500 and (B) in all cases, the recording by the Payments Administrator of such addition to the Total Commitment in the Register, the Payments Administrator hereby agreeing to effect such recordation no later than three Business Days after its receipt of an Agreement of Commitment Increase.
On and after the Amendment Effective Date, all references to “Banks” in the Credit Agreement and the other Loan Documents shall be deemed to include the New Banks.
The New Banks, if any, wish to become parties to the Amended Credit Agreement as “Banks” on the date hereof.