Replacement Banks definition
Examples of Replacement Banks in a sentence
The Agent may require the Replacement Banks to execute such documents, instruments or agreements as the Agent deems necessary or desirable to evidence such Replacement Banks’ agreement to become parties hereunder.
If, as a result of the foregoing, each Bank (including Replacement Banks, but excluding Non-Electing Banks whose interests have been purchased as provided above) has agreed to extend its Commitment, the Commitments shall be extended as provided in clause (i) of the fourth sentence of this paragraph and the term Termination Date shall have the meaning set forth in clause (ii) in such fourth sentence of this paragraph (d).
The Administrative Agent may require the Replacement Banks to execute such documents, instruments or agreements as the Administrative Agent deems necessary or desirable to evidence such Replacement Banks’ agreement to become parties hereunder.
If, as a result of the foregoing, each Bank (including Replacement Banks, but excluding Non-Electing Banks whose interests have been purchased as provided above) has agreed to extend its Commitment, the Commitments shall be extended as provided in clause (i) of the fourth sentence of this paragraph and the term Termination Date shall have the meaning set forth in clause (ii) in such fourth sentence of this clause (d).
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, as a result of the foregoing, each Bank (including Replacement Banks, but excluding Non- Electing Banks whose interests have been purchased as provided above) has agreed to extend its Commitment, the Commitments shall be extended as provided in clause (i) of the fourth sentence of this paragraph and the term Termination Date shall have the meaning set forth in clause (ii) in such fourth sentence of this paragraph (d).
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.
A requested extension shall not be effective unless all Non-Extending Banks are replaced by Replacement Banks.
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.
If, as a result of the foregoing, each Bank (including Replacement Banks, but excluding Non‑Electing Banks whose interests have been purchased as provided above) has agreed to extend its Commitment, the DMEAST #27397236 v4 Commitments shall be extended as provided in clause (i) of the fourth sentence of this paragraph and the term Termination Date shall have the meaning set forth in clause (ii) in such fourth sentence of this clause (d).