Principal Bank definition

Principal Bank has the meaning set forth in Section 4.5.
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Principal Bank has the meaning set forth in SECTION 4.5.
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Principal Bank which expression shall mean and include, unless the context otherwise requires, his successors in office and assigns) of the first part and M/s.............................................represented by Shri.........................................
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Examples of Principal Bank in a sentence

  • In acting under this Agreement, Additional Agent agrees to exercise the same degree of care in administering such Loans as it would use in managing its own loans; provided, however, that this sentence shall not make Additional Agent a fiduciary to any Principal Bank.

  • In acting under this Agreement, each Servicing Bank agrees to exercise the same degree of care in administering such Loans as it would use in managing its own loans; provided, however, that this sentence shall not make any Servicing Bank a fiduciary to any Principal Bank.

  • If any Guarantor or any other member of the Group released from providing a Guarantee as described above subsequently provides a guarantee in respect of the Principal Bank Facility, the relevant member of the Group will, in accordance with the Trust Deed, be required again to provide a Guarantee as described in Condition 2(d).

  • The Issuer shall provide written notice to the Trustee of the accession of any member of the Group as a guarantor under the Principal Bank Facility.

  • If any Guarantor or any other member of the Group that has been released from providing a Guarantee as described above subsequently provides a guarantee in respect of the Principal Bank Facility, the relevant Guarantor or member of the Group will again provide a Guarantee (and any other documents, certificates and/or confirmations) in accordance with the requirements of Clause 4.8 (Addition of Guarantors).

  • Notwithstanding anything else to the contrary herein, Principal may pay compensation in connection with a Principal Bank CD directly to the individual Broker of Record instead of Broker Dealer if Principal has a distribution agreement with the individual.

  • Principal Bank objectives common to all organizations include providing local replacement for important locally rare functions and values lost from wetland impact sites, and enhancing a wetland prairie area that will be self-sustaining to minimize long-term maintenance needs.

  • Notices and other writings shall be delivered by the most expeditious means available, with due regard given to the time sensitivity of the notice or demand being made: To the Agency: To the Bank: Principal Bank ▇▇▇ ▇.

  • The Company shall notify the Collateral Trustee, each holder of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility, and each holder of Release Master Debt in writing at least 20 days prior to the proposed effective date for any such transaction.

  • In connection with any proposed sale, assignment, transfer, or other disposition of Collateral, the Company and the Debtors with an interest in such Collateral may deliver a Release Notice to the Collateral Trustee which the Collateral Trustee shall promptly distribute to the holders of Secured Obligations under the Principal Bank Facility and the Principal L/C Facility.

Related to Principal Bank

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Note A-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.