Prior Banks definition
Examples of Prior Banks in a sentence
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.
Each of the Prior Banks hereby consent to the termination of the Prior Agreement and authorize and direct NationsBank of Texas, N.A., as agent under the Prior Agreement, to (i) take any action necessary or reasonably requested by Mattel Sales Corp.
The Borrower, the financial institutions (collectively, the "Prior Banks") party thereto, Credit Lyonnais and The Bank of Nova Scotia, as syndication agents, Toronto Dominion (Texas), Inc., as documentation agent, and JPMorgan Chase Bank, as administrative agent (in such capacity, the "Prior Administrative Agent") are parties to that certain Credit Agreement (as heretofore amended and supplemented, the "2001 Credit Agreement") dated as of May 22, 2001.
NationsBank of --------------- Texas, N.A. as agent under the Prior Agreement, and each of the Prior Banks hereby, effective as of the Closing Date, convey, transfer and assign to the Agent, for the benefit of the Banks, all of its right, title and interest in the "Transferred Interest" and the "Total Outstanding Investment" each as defined and existing under the Prior Agreement as of the Closing Date.