Non-Defaulting Bank definition

Non-Defaulting Bank means each Bank other than a Defaulting Bank.

Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank.

Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank or a Potential Defaulting Bank.

Examples of Non-Defaulting Bank in a sentence

• No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Bank arising from that Bank having become a Defaulting Bank, including any claim of a Non-Defaulting Bank as a result of such Non-Defaulting Bank’s increased exposure following such reallocation.

• Subject to Section 32, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Bank arising from that Bank having become a Defaulting Bank, including any claim of a Non-Defaulting Bank as a result of such Non-Defaulting Bank’s increased exposure following such reallocation.

• Each Non-Defaulting Bank shall have ten (10) Business Days from receipt of said notice to exercise its option to agree to enter into an agreement pursuant to which the Non-Defaulting Bank shall assume the Defaulting Bank's rights and obligations under this Agreement, its Notes and the other Loan Documents.

• The Non-Defaulting Bank shall exercise such option by providing written notice of same to the Defaulting Bank (and if there is more than one Non-Defaulting Bank, the assignment agreement shall be entered into with the Non-Defaulting Bank who first notifies the Defaulting Bank of its decision to exercise said option) and to the Company.

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More Definitions of Non-Defaulting Bank

Non-Defaulting Bank at any time, each Bank that is not a Defaulting Bank at such time.

Non-Defaulting Bank is defined in Section 2.4(c).

Non-Defaulting Bank means any Bank that is not, as of the relevant date, a Defaulting Bank.

Non-Defaulting Bank means any Bank that is not a Defaulting Bank.

Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank or a Potential Defaulting Bank. “Non-Extending Bank” has the meaning set forth in Section 2.01(b).

Non-Defaulting Bank means, at any time, each Bank that is not a Defaulting Bank at suchtime.

Non-Defaulting Bank means, at any time, each Bank that is not a Defaulting Bank at such time. “Non-U.S. Bank” means a Bank that is not a United States person as defined in Section 7701(a)(30) of the Code. “Notes” means the Revolving Notes and the Swing Line Note. “NYFRB” means the Federal Reserve Bank of New York. “Obligations” means all obligations and liabilities of each Borrower to the Agent and the Banks under this Agreement and all other Loan Documents, including without limitation obligations to pay principal, interest, fees, expenses and other amounts, all Letter of Credit Obligations, and all Hedging Obligations of each Borrower to any of the Banks or their respective affiliates, including without limitation any such obligations that arise after the filing of a petition by or against any Borrower under the Bankruptcy Code, regardless of whether allowed as a claim in the resulting proceeding, even if the obligations do not accrue because of the automatic stay under Bankruptcy Code Section 362 or otherwise; provided, further, that “Obligations” shall exclude all Excluded Swap Obligations. “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any successor thereto. “Organizational Documents” means, for a Person that is (a) a corporation, its articles of incorporation and bylaws, (b) a limited liability company, any articles of formation, membership agreement, member control agreement or equivalent document, (c) limited or general partnership, any partnership agreement, and (d) any other form of entity, the equivalent documents, in each case together with all instruments, documents and agreements filed with any Governmental