Participant Bank definition

Participant Bank means any bank(s) or other financial institution(s) that may purchase from the Bank a participation interest in this Agreement, the Fee Letter and certain of the Related Documents pursuant to a participation agreement between the Bank and the Participant Bank.

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Participant Bank means, with respect to each Letter of Credit, each Bank other than the Letter of Credit Agent.

Participant Bank means a licensed commercial bank operating in Hong Kong which participates in HKICL FPS and is capable of processing its customers' funds transfer instructions through the HKICL FPS;

Examples of Participant Bank in a sentence

• The Lead Bank will pay such amount to the Participant Bank promptly upon the Lead Bank’s receipt of such Loan Fees.

• If the Lead Bank makes any such advance, then the Participant Bank shall immediately reimburse the Lead Bank upon demand.

• Such payments to the Participant Bank shall be first applied to accrued interest and then to the repayment of the amounts initially owed to the Participant Bank.

• Furthermore, if at any time, all or any of the amounts payable by the Lead Bank described in clauses (i) through (iv) above shall be in excess of principal and interest received by the Lead Bank at such time, the Participant Bank will pay the Participant Bank’s Share of such amounts to the Lead Bank upon demand.

• In addition, the Lead Bank may draw against funds from the Participant Bank’s Clearing Account from time to time to satisfy the Participant Bank’s obligations under this Section 7.6 (whether or not any such withdrawal shall cause the balance in the Participant Bank’s Clearing Account to become negative) upon giving the Participant Bank concurrent notice.

More Definitions of Participant Bank

Participant Bank means HSBC Bank plc and any of its assignees pursuant to clause 5 (Assignment) of the Participation Agreement.

Participant Bank means either the MPF Provider or any MPF Bank, as the case may be, which is the owner of a Participation Interest.

Participant Bank means any institution to which the Bank has granted a participation in or assigned, sold, or otherwise transferred the whole or any part of the Bank’s rights or obligations (or both) under this Agreement or any other Related Document.

Participant Bank means any national or state bank participating in any Loan with the Lender through an interbank agreement.

Participant Bank means any institution to which the Bank has granted a participation in or assigned, sold, or otherwise transferred the whole or any part of the Bank’s rights or obligations (or both) under this Agreement or any other Related Document. “Payment Draft” has the meaning assigned to that term in the Letter of Credit.

Participant Bank and “Agent Bank” mentioned in the agreement should be explained as any legal successor and allowed transferee.

Participant Bank. As defined in Section 2.11.