Renewing Bank definition

Renewing Bank has the meaning given in Section 2.11.2 of the Credit Agreement.
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Renewing Bank shall have the meaning assigned to such term in Section 2.19(a).
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Examples of Renewing Bank in a sentence

  • Each such notice from a Bank which agrees to extend such Commitment (each, a "Renewing Bank") shall specify (i) all or that portion of its Commitment which it is willing to extend and (ii) the amount of any additional Commitment it would be willing to assume (with respect to any Renewing Bank, an "Additional Commitment").

  • If a Bank agrees, in its individual and sole discretion, to renew its Commitment, such Bank (a "Renewing Bank") will notify the Administrative Agent, in writing, of its decision to do so no earlier than 30 days prior to the Existing Termination Date applicable to such Bank (but in any event no later than 20 days prior to the Existing Termination Date).

  • If, at the time the Administrative Agent gives the notice contemplated by Section 2.19(a) to the Borrower and the Banks, the Commitments of the Renewing Banks aggregate less than 66-2/3% of the Existing Commitments, none of the Commitments (including the Commitment of any Renewing Bank) shall be extended, and the Expiration Date shall remain unchanged.

  • If, at the time the Administrative Agent gives the notice contemplated by Section 2.17(a) to the Borrower and the Banks, the Commitments of the Renewing Banks aggregate 50% or less of the Existing Commitments, none of the Commitments (including the Commitment of any Renewing Bank) will be extended and the Stated Termination Date shall remain unchanged.

  • On the first Business Day after the 60th day following the notice issued by Administrative Agent to the Banks of the extension request, Administrative Agent shall advise Borrower in writing (a "Renewal Notice"), with a copy to each of the Banks, of the affirmative responses which it has received from the Renewing Banks and the respective amounts of the Commitments of each Renewing Bank.

  • Each Commitment (or portion thereof) which is not renewed is hereinafter referred to as a "Declined Commitment" and collectively, the "Declined Commitments." After receipt of such notices, Administrative Agent shall allocate the Declined Commitments (if any) among each Renewing Bank pro rata according to the respective amounts of their Additional Commitments (provided that in no event shall any such Renewing Bank be allocated an amount in excess of its Additional Commitment).

  • If, at the time the Administrative Agent gives the notice contemplated by Section 2.19(a) to the Borrower and the Banks, the Commitments of the Renewing Banks aggregate less than 66 2/3% of the Existing Commitments, none of the Commitments (including the Commitment of any Renewing Bank) shall be extended, and the Expiration Date shall remain unchanged.

Related to Renewing Bank

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • 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.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

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

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Extending Lenders has the meaning specified in Section 2.08.

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

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • Increasing Bank has the meaning specified in Section 2.6(a).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • 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.

  • Exiting Lender see Section 2.17.7.

  • Issuing Lender means WFCF or any other Lender that, at the request of Borrower and with the consent of Agent, agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.11 of the Agreement and the Issuing Lender shall be a Lender.

  • Existing Lenders as defined in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

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

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Term A Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A Loans at such time.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

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

  • Approved Lender is defined in Section 12.1.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.