Prior Bank definition
Examples of Prior Bank in a sentence
The Prior Bank Commitment shall have been (or will be upon the initial borrowing hereunder and the application of the proceeds thereof) (i) paid in full, (ii) the obligations of the Credit Parties thereunder satisfied and the commitment of the lenders thereunder terminated and (iii) the Administrative Agent otherwise shall have received evidence satisfactory to it that such Prior Bank Commitment has been terminated.
The Administrative Agent shall have received, in form and consent satisfactory to the Administrative Agent, from each of the Prior Banks assigning to Rabobank the entire Commitment under the Prior Loan Agreement of such Prior Bank upon payment of the entire amount of the Borrower's Indebtedness to such Prior Bank under the Prior Loan Agreement.
The Prior Bank ------------------------------------ Commitment shall have been (or will be upon the initial borrowing hereunder on the Closing Date and the application of the proceeds thereof) terminated and the obligations of the Borrowers thereunder shall have been (or will upon such borrowing and application of proceeds) paid in full and fully satisfied.
The Prior Administrative Agent, in its representative capacity and as a Prior Bank, has executed and delivered that certain Assignment of Debt and Liens and Resignation of Administrative Agent (the "Assignment") of even date herewith; to the extent necessary or appropriate, the Borrower hereby consents to the Assignment.
The Prior Bank Commitment shall have been (or will be upon the initial borrowing hereunder and the application of the proceeds thereof) terminated and the obligations of the Borrower thereunder paid in full and fully satisfied.
The Mortgagor, when authorized by resolution or resolutions of its board of Form - Restated Mortgage - Telephone 1/85 100% REA Loan - No Prior Bank Loan 6-5452 directors, may also from time to time execute and deliver one or more Additional Notes to refund any note or notes at the time outstanding and secured hereby, or in renewal of, or in substitution for, any such outstanding note or notes.
The Company shall use the proceeds of the Loans (i) to refinance a portion of outstanding indebtedness of the Company to the Prior Bank Lenders in an aggregate principle amount up to $110,670,728.59; (ii) to pay expenses and costs associated with the Loans; and (iii) to provide for general corporate purposes, including funding working capital needs and issuing Letters of Credit.
This Guaranty amends, restates and replaces the Prior Bank One Guaranty and the Prior Comerica Guaranty and constitutes the entire agreement between the parties hereto with respect to the subject hereof and shall supersede any prior agreements, whether written or oral, between the parties hereto relating to the subject hereof.
Evidence satisfactory to the Bank that the Prior Bank has been paid in full and that the Prior Letter of Credit has been cancelled and no additional obligations owed to the Prior Bank that are secured by the same sources of revenues as secures the Bonds or the Bank Bonds remain outstanding.
This Security Agreement amends and restates in part the Prior Comerica Credit Agreement, and the security agreement executed and delivered in connection with Prior Bank One Credit Agreement, in each case assigned to the Agent for the benefit of the Banks pursuant to Assignment Agreements dated as of the Effective Date.