Replaceable Bank definition

Replaceable Bank is defined in Section 11.13(iii).
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Examples of Replaceable Bank in a sentence

  • In the event more than one Bank agrees to so assume the Commitment of the Replaceable Bank, such Assuming Banks shall effect such assumption ratably in accordance with their existing Commitments (but in any event rounded, to the extent possible, to the nearest $1,000,000).

  • If the Company is required to make any reduction or withholding with respect to any payment due any Bank under this Section 4.9 (in any such case a "Replaceable Bank"), the Company may, with the consent of the Agent, propose that another bank (a "Replacement Bank"), which bank may be an existing Bank, be substituted for and replace the Replaceable Bank for purposes of this Agreement.

  • If the Borrower replaces a Dissenting Bank or Replaceable Bank with another entity, it shall also cause the assignment of such Dissenting Bank or Replaceable Bank's commitment, if any, under the Long-Term Credit Agreement in accordance with the terms thereof, and such Dissenting Bank or Replaceable Bank agrees to cooperate in the making of such assignment.

  • If the Company is required to make any reduction or withholding with respect to any payment due any Bank under this Section 4.9 (in any such case a "REPLACEABLE BANK"), the Company may, with the consent of the Agent, propose that another bank (a "REPLACEMENT BANK"), which bank may be an existing Bank, be substituted for and replace the Replaceable Bank for purposes of this Agreement.

  • In the event any Bank so fails to make a Loan when required to do so under this Agreement, then the Borrowers may request the other Banks hereunder to assume in full the Commitments of such Bank (the "REPLACEABLE BANK") then in effect and to purchase the Notes issued to the Replaceable Bank at a price equal to the outstanding principal amount of such Notes plus any accrued and unpaid interest on such Notes, and accrued and unpaid fees and expenses owed to such Replaceable Bank.

Related to Replaceable Bank

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Moody's or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • Eligible Bank means a bank or trust company that (i) is organized and existing under the laws of the United States of America or Canada, or any state, territory, province or possession thereof, (ii) as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $500.0 million and (iii) the senior Debt of which is rated at least “A-2” by Moody’s or at least “A” by Standard & Poor’s.

  • Replacement Services means any services which are substantially similar to any of the Services and which the Customer receives in substitution for any of the Services following the Call Off Expiry Date, whether those services are provided by the Customer internally and/or by any third party;

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • Replacement Servicer has the meaning assigned to that term in Section 6.01(c).

  • Replaced Bank shall have the meaning provided in Section 1.13.

  • PNC Bank means PNC Bank, National Association.

  • Replacement Service Provider means any third party service provider appointed to perform the Services by the Purchaser from time to time.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Eligible Institution Any of the following:

  • Bank is defined in the preamble hereof.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Replacement Bank shall have the meaning provided in Section 1.13.

  • Collateral Administrator means U.S. Bank National Association, and any successor thereto under the Collateral Administration Agreement.

  • Replaced means that pursuant to a Corporate Transaction the Award is replaced with a comparable stock award or a cash incentive program of the Company, the successor entity (if applicable) or Parent of either of them which preserves the compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same (or a more favorable) vesting schedule applicable to such Award. The determination of Award comparability shall be made by the Administrator and its determination shall be final, binding and conclusive.

  • Non-Performing First Lien Bank Loans means First Lien Bank Loans other than Performing First Lien Bank Loans.

  • Financial Services Provider means any Lender and any other provider of financial services or products;