Examples of Participating Bank Agreement in a sentence
At the request and for the account of the Borrower and subject to the conditions precedent hereinafter set forth, the Bank will enter into the Participating Bank Agreement with the Letter of Credit Bank on the Closing Date.
The Participating Bank, the Participating Bank Agreement and the Reimbursement Agreement may be replaced by complying with the provisions of Section 5.08(g) of the Indenture.
All representations, warranties and covenants made by the Borrower herein and in any document delivered pursuant hereto shall survive the delivery of this Agreement and the Participating Bank Agreement and any advances under the Participating Bank Agreement.
To secure the payment of, first, the Bond Service, second, the Participating Bank's obligations under the Participating Bank Agreement, and third, the Borrower's obligations under the Reimbursement Agreement, the Issuer shall pledge and assign to the Trustee all the Issuer's rights in, to and under this Agreement (except for the Unassigned Issuer's Rights), the Revenues and the other property comprising the Trust Estate.
The Borrower hereby requests the Bank to enter into the Participating Bank Agreement with the Letter of Credit Bank.
Pending disbursement pursuant to the Loan Agreement, the moneys and Eligible Investments to the credit of the Project Fund shall be held as security for the outstanding Bonds and for the Participating Bank's obligations under the Participating Bank Agreement and the Borrower's obligations under the Reimbursement Agreement.
The implementing organization will ensure that the contractor will be contractually obliged to take HIV/AIDS prevention measures for construction workers.
In addition to their other rights and remedies under this Agreement, the Participating Bank Agreement, the Reimbursement Agreement and the Related Documents, the Bank and the Participating Bank shall have all of the rights and remedies of a secured party under the Pennsylvania Uniform Commercial Code or other applicable law with respect to the security interests created by this Agreement.
Subject to the approval and consent of the Bank and the delivery of a replacement Participating Bank Agreement and related documentation satisfactory to the Bank, the Borrower shall have the right to replace the Participating Bank.
Terms defined in the Participating Bank Agreement shall have the same meanings when used in this Agreement, and the rules of interpretation set forth in Sections 1.1 and 1.3 of the Participating Bank Agreement shall apply to this Agreement.