Operating Banks definition

Operating Banks means the Lenders listed on Annex 1 to the Operating Bank Guaranty and other Lenders at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts.
Sample 1Sample 2Sample 3
Operating Banks means (i) the Lenders (and their Affiliates or financing institutions that were Lenders) listed on Annex 1 to the Operating Bank Guaranty (as updated from time to time), (ii) other Lenders (and their Affiliates or financing institutions that were Lenders) at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts, (iii) JPMorgan Chase Bank, N.A. and (iv) J.X. Xxxxxx Securities, Inc.
Sample 1
Operating Banks means (i) the Lenders (and their Affiliates or financing institutions that were Lenders) listed on Annex 1 to the Operating Bank Guaranty (as updated from time to time), (ii) other Lenders (and their Affiliates or financing institutions that were Lenders) at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts and (iii) JPMorgan Chase Bank, N.A.
Sample 1

Examples of Operating Banks in a sentence

  • JPMorgan Chase Bank and the Operating Banks agree that none of such Lenders shall take any action to enforce the Operating Bank Guaranty, respectively, until Agent has commenced to enforce the Guarantee and Collateral Agreement upon the direction of the Majority Lenders pursuant to the preceding sentence.

  • The Senior Secured Lenders, Interest Rate Hedging Counterparties and the Operating Banks shall receive (effective as of the Petition Date) first priority perfected liens (the “First Priority Real Estate Liens”) on all of the Debtors’ rights in the Unencumbered Leases in the same relative priority as the Prepetition Liens.

  • For so long as Health & Tennis (UK) Limited is a Subsidiary, permit Health & Tennis (UK) Limited to own assets with a value in excess of $100,000 unless, prior to owning such assets, 65% of the Capital Stock of Health & Tennis (UK) Limited is pledged to the Collateral Agent for the benefit of the Lenders and the Operating Banks pursuant to documentation reasonably acceptable to the Collateral Agent.

  • Each Lender acknowledges that the Collateral Agent is acting on behalf of the Lenders (and their Affiliates), the Issuing Lenders, the Agent and the Operating Banks.

  • The Operating Banks agree that none of such Lenders shall take any action to enforce the Operating Bank Guaranty, respectively, until the Collateral Agent has commenced to enforce the Guarantee and Collateral Agreement upon the direction of the Majority Lenders pursuant to the preceding sentence.

  • For so long as Health & Tennis (UK) Limited is a Subsidiary, permit Health & Tennis (UK) Limited to own assets with a value in excess of $100,000 unless, prior to owning such assets, 65% of the Capital Stock of Health & Tennis (UK) Limited is pledged to the Collateral Agent for the benefit of the Banks and the Operating Banks pursuant to documentation reasonably acceptable to the Collateral Agent.

  • Each Lender acknowledges that the Collateral Agent is acting on behalf of the Lenders (and their Affiliates), the Issuing Lenders, the Loan Agents and the Operating Banks.

  • Operating Banks provide all banking services known in the world, offering; current and futures accounts in different currencies, provide loans and remittances, documentary credits and bank guarantees, Islamic banking services, banking online services, and other services.

  • HBUS and its subsidiaries rely on three types of operational support, which they receive from a number of sources: HOST, Global Functions and the Global Businesses, in respect of primarily back-office services provided to multiple Operating Banks (Global Business Managed Services).

  • JPMorgan Chase Bank, N.A. and the Operating Banks agree that none of such Lenders shall take any action to enforce the Operating Bank Guaranty, respectively, until Agent has commenced to enforce the Guarantee and Collateral Agreement upon the direction of the Majority Lenders pursuant to the preceding sentence.

Related to Operating Banks

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

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

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

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

  • 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.

  • Issuing Lenders means all such Persons, collectively.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Issuing Banks means (a) with respect to the Letter of Credit A Facility, each Initial Issuing Bank that has a Letter of Credit A Commitment set forth opposite its name on Schedule I hereto and any other Working Capital A Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit A Commitment hereunder has been assigned pursuant to Section 8.07 and (b) with respect to the Letter of Credit B-1 Facility, each Initial Issuing Bank that has a Letter of Credit B-1 Commitment set forth opposite its name on Schedule I hereto and any other Working Capital B-1 Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit B-1 Commitment hereunder has been assigned pursuant to Section 8.07 so long as, in each case, each such Lender or Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment (which information shall be recorded by the Agent in the Register).

  • Existing Lenders as defined in the recitals hereto.

  • Banks shall include the Agent in its individual capacity.

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

  • Continuing Lenders as defined in the recitals hereto.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Increasing Lenders is defined in Section 2.14.

  • 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.

  • Borrower as defined in the preamble hereto.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.