Replacement Banks definition

Replacement Banks. As defined in Section 2.19(c).
Sample 1Sample 2
Replacement Banks shall have the meaning set forth in Section 2.2(c)(ii).
Sample 1
Replacement Banks has the meaning defined in Section 2.6.
Sample 1

Examples of Replacement Banks in a sentence

  • Xxch Credit Party agrees that it shall cooperate with the Issuing Bank in connection with the identification of one or more Replacement Banks if the Issuing Bank exercises its right set forth in the first sentence of this Section 2.08.

  • So long as no Event of Default shall have occurred and be continuing, Borrower may obtain, at Borrower's expense, one or more replacement Banks (each, a "Replacement Bank") for the Affected Bank, which Replacement Banks shall be reasonably satisfactory to Administrative Agent.

  • If Banks (including Replacement Banks, as defined below) holding more than 50% of the aggregate amount of the renewed Commitments (after giving effect to any concomitant or pending increase in Commitments being made pursuant to Section 1(d)) consent to the Extension Request of the Company, then the then applicable Maturity Date shall be extended by one additional year in accordance with such Extension Request, but only with respect to those Banks consenting to such extension of its Commitment.

  • Until such time as the Replacement Banks shall have acquired all of the Commitment Percentage of the Holdout Bank hereunder and under the other Loan Documents, the Holdout Bank shall remain obligated to provide the Holdout Bank’s Commitment Percentage of the Revolving Credit Commitment.

  • A requested extension shall not be effective unless all Non-Extending Banks are replaced by Replacement Banks.

  • 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.

  • Within ten (10) days after Agent's notice to Borrower that all Banks (including, if applicable, Replacement Banks) have approved an Extension Request (whether pursuant to Section 2.21(a) or (b)), Borrower shall pay to Agent for the account of each Bank approving the extension (including, if applicable, Replacement Banks) an extension fee calculated in the manner set forth in Section 2.5(c).

  • Each Credit Party agrees that it shall cooperate with the Issuing Bank in connection with the identification of one or more Replacement Banks if the Issuing Bank exercises its right set forth in the first sentence of this Section 2.21.

  • Yield Protection and Illegality 31 6.1 Additional Costs 31 6.2 Limitation on Types of Loans 33 6.3 Illegality 33 6.4 Treatment of Affected Loans 33 6.5 Compensation 34 6.6 Replacement Banks 34 6.7 Taxes 35 i Section 7.

  • Each Credit Party agrees that it shall cooperate with the Issuing Bank in connection with the identification of one or more Replacement Banks if the Issuing Bank exercises its right set forth in the first sentence of this Section 2.08.


More Definitions of Replacement Banks

Replacement Banks as defined in Section 3.7.
Sample 1

Related to Replacement Banks

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

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

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

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • Investment Bank means each of those reputable internationally recognised investment banks, selected from time to time as First Choice Investment Banks or as a Third Investment Bank in terms of Section 1.4 or Section 1.5 of the Subscription Agreement (as the case may be), whose Mandate Letters remain effective.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Agent Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

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

  • Treasury Management Bank means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party and (b) any Lender or Affiliate of a Lender that is a party to a Treasury Management Agreement with any Loan Party in existence on the Closing Date.

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

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Investment Banker means, with respect to an issue of Bonds, an underwriter, placement agent or structuring agent who is under contract with the Corporation and whose primary purpose is to either:

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

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Independent Investment Bank means one of the Reference Treasury Dealers that the Issuer appoints to act as the Independent Investment Bank from time to time.

  • Independent Investment Banker means one of the Reference Treasury Dealers appointed by the Company.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Replacement Facility means 1 of the following:

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).