Participating Bank Agreement definition

Participating Bank Agreement means the Participation and Reimbursement Agreement between the Participating Bank and the Bank relating to the Bonds, as amended, supplemented or replaced from time to time.

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Participating Bank Agreement means the Participation and Reimbursement Agreement between the Participating Bank and the Bank in a Double Tier Project.

Participating Bank Agreement means each of the loan agreements to be entered into by RBM and each of the Participating Banks pursuant to Section 3.01 (c) of this Agreement, whereby RBM will provide a Participating Bank with funds for Sub-loans, as the term is defined in paragraph (h) below;

Examples of Participating Bank Agreement in a sentence

• 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.

• 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.

• 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.

• 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.

• 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.

• All such payments in respect of the Pledged Bonds which are paid to the Bank or the Participating Bank shall be credited against the Obligations in accordance with the terms of the Participating Bank Agreement and the Reimbursement Agreement.

• The Participating Bank, the Participating Bank Agreement and the Reimbursement Agreement may be replaced by complying with the provisions of Section 5.09(g) of the Standard Provisions.

• 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.

• 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.

More Definitions of Participating Bank Agreement

Participating Bank Agreement means, with respect to a Participating Bank, the State Bank Subsidiary Loan Agreement or the Private Bank On-lending Agreement to which such Participating Bank is a party pursuant to Section 3.02 of the Loan Agreement.

Participating Bank Agreement means each of the loan agreements to be entered into by BOU pursuant to Section 3.01 (c) of this Agreement, whereby BOU shall provide the Participating Bank with funds for Sub-loans and Investments;

Participating Bank Agreement means each of the loan agreements to be entered into by Central Bank and each of the Participating Banks pursuant to Section 3.01 (b) of this Agreement whereby Central Bank will provide said Participating Banks with funds for Sub-loans;