Nonextending Bank definition

Nonextending Bank shall have the meaning assigned to that term in Section 2.14 hereof.
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Examples of Nonextending Bank in a sentence

  • In the event that a Nonextending Bank is to be replaced by a Replacement Bank, such Nonextending Bank shall, upon payment to it of all amounts owing to it on the date of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.07(c) hereof.

  • Each Bank that advises the Agent that it will not extend the Existing Termination Date is referred to herein as a “Non-extending Bank”; provided that any Bank that does not advise the Agent of its consent to such requested extension by the Response Date and any Bank that is a Defaulting Bank on the Response Date shall be deemed to be a Non-extending Bank.

  • In the event that a Nonextending Bank is to be replaced by a Replacement Bank, such Nonextending Bank shall, upon payment to it of all amounts owing to it on the date of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13(c) hereof.

  • If a Nonextending Bank is not so replaced, such Nonextending Bank shall, in accordance with Section 2.15 hereof, retain the obligation to fund draws on Letters of Credit issued prior to the Current Expiration Date, unless such Letter of Credit shall have been renewed (including, without limitation, renewal by operation of an evergreen provision) since the Current Expiration Date.

  • In the event that a Nonextending Bank is to be replaced by a Replacement Bank, such Nonextending Bank shall, upon payment to it of all amounts owing to it on the date of its replacement (it being understood that such payment of the outstanding principal amount of and accrued interest on Loans will be made by the Replacement Bank in accordance with Section 10.13(c) hereof), assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 10.13(c) hereof.

  • Upon notice from the Agent, such Nonextending Bank shall, as of the then effective Expiration Date, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 hereof.

  • Upon notice from the Administrative Agent, such Nonextending Bank shall, as of the then effective Expiration Date, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 hereof.

  • Each Bank that advises the Agent that it will not extend the Existing Termination Date is referred to herein as a “Non-extending Bank”; provided, that any Bank that does not advise the Agent of its consent to such requested extension by the Response Date and any Bank that is a Defaulting Bank on the Response Date shall be deemed to be a Non-extending Bank.

  • Any Bank which has not given its consent within such period shall be deemed to be a "Nonextending Bank", and MBIA shall have the right at any time thereafter to elect to terminate the Commitment of such Nonextending Bank by not less than five Business Days' prior notice to such Nonextending Bank and the Administrative Agent unless, prior to the effectiveness of such termination, (i) any Loan has been made or (ii) any Default or Event of Default has occurred and is continuing.

  • In the event that a Nonextending Bank is to be replaced by a Replacement Bank, such Nonextending Bank shall, upon payment to it of all amounts owing to it on the date of its replacement (it being understood that such payment of the outstanding principal amount of and accrued interest on Loans will be made by the Replacement Bank in accordance with Section 9.13(c) hereof), assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13(c) hereof.

Related to Nonextending Bank

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

  • Extending Lenders has the meaning specified in Section 2.08.

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Exiting Lender see Section 2.17.7.

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • New Revolving Lender as defined in Section 2.24.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Term A Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A Loans at such time.

  • Assigning Lender means as specified in Section 13.8(b).

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.