Rejecting Bank definition

Rejecting Bank has the meaning assigned to such term in Section 2.19(b).
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Rejecting Bank has the meaning assigned to such term in Section 2.19(a). "Rejecting Bank's Termination Date" has the meaning assigned to such term in Section 2.19(a).
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Examples of Rejecting Bank in a sentence

  • Upon request by the Borrower or the Agent, the Rejecting Bank will deliver to the Borrower and the Agent a letter setting forth the amounts payable to the Rejecting Bank as set forth above.

  • Upon the effective date of such termination, the Borrower shall pay to the Rejecting Bank all amounts due and owing to it hereunder or under any other Loan Document, including, without limitation, the aggregate outstanding principal amount of the Loans owed to such Rejecting Bank, together with accrued interest thereon through the date of such termination, amounts payable under Sections 2.14 and 2.15 with respect to such Rejecting Bank and the fees payable to such Rejecting Bank under Section 2.09(b).

  • Timing of all payments and distributions under the Plan to holders of Bank Claims in Rejecting Bank Classes in their capacity as such (including those distributions described in Articles IV and VI) is subject to resolution of the Creditors’ Committee’s proposed motion pursuant to Sections 502(a), (b) and/or (d) of the Bankruptcy Code directing the holding back of any distribution until the resolution of the Continuing Bank Actions.

  • To the extent that it is ultimately determined that the holders of Bank Claims in Rejecting Bank Classes are entitled to such distributions, the account (together with the attributable after-tax earnings with respect thereto) shall be released to such holders.

  • If any Rejecting Bank shall be repaid pursuant to Section 2.01(c), then, from and after the Conversion Date, the provisions of this Section 9.04 shall not apply as to such Rejecting Bank.

  • If, after giving effect to any transfer of a Rejecting Bank's Commitment to an Accepting Bank or a Purchasing Bank under Section 2.10(a)(ii) above, there are any amounts, other than Contract Advances continued as Term Advances pursuant to Section 2.18 (and accrued interest thereon), owed by Borrower to such Rejecting Bank under the Loan Papers, then such amount is due and payable by Borrower to such Rejecting Bank on the initial Termination Date.

  • The Agent shall notify the Borrower whether the Request to Extend has been accepted or rejected as well as which Bank or Banks rejected the Borrower's Request to Extend (each such Bank a "Rejecting Bank").

  • The Academy contributes to the School Employees Retirement System (SERS), a cost- sharing multiple employer defined benefit pension plan.

  • If (i) any Rejecting Bank shall not approve an Extension Request, and (ii) all Rejecting Banks have not assigned their rights and obligations under this Agreement to Replacement Banks in accordance with clause (b)(ii) in this Section 2.21, then Agent shall promptly so notify Borrower and each Bank (including any Replacement Bank) and the Facility Maturity Date shall not be extended.

  • Except to the extent that a Bank that did not give its written approval to such Extension Request ("Rejecting Bank") is replaced as provided in Section 2.20, the Loans and all interest, fees and other amounts owed to such Rejecting Bank shall be paid in full on the Termination Date as determined prior to such Extension Request (the "Rejecting Bank's Termination Date").

Related to Rejecting Bank

  • Collecting bank means a bank handling the item for collection except the payor bank.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • DIP Lender means a lender under the DIP Facility.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • New Revolving Lender as defined in Section 2.24.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Granting Bank has the meaning specified in Section 11.8(g).

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Approved Lender is defined in Section 12.1.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Purchasing Banks as defined in subsection 10.5(d).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.