Retiring Bank definition

Retiring Bank has the meaning set forth in Section 9.01(a).
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Retiring Bank means a bank or other lending institution that ceases to be a Bank under this Agreement pursuant to operation of Section 9.25.
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Retiring Bank means the bank named under the caption "Retiring Bank" on the signature pages hereof. "Sale and Leaseback Transaction" has the meaning attributed to it in Section 5.03.
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Examples of Retiring Bank in a sentence

  • The Retiring Bank shall not be Bank hereunder and the Borrowers hereby agree to pay on the Closing Date any amounts due to the Retiring Bank under the Existing Credit Agreement.

  • Upon the Company’s selection of a bank to replace a Retiring Bank, such bank’s agreement thereto and the fulfillment of the conditions to assignment and assumption set forth in Section 9.08, such bank shall become a Bank hereunder for all purposes in accordance with Section 9.08.

  • Upon the Borrower's selection of a bank to replace a Retiring Bank, such bank's agreement thereto and the fulfillment of the conditions to assignment and assumption set forth in Section 9.08(c)(iii) such bank shall become a Bank hereunder for all purposes in accordance with Section 9.08(c)(iii).

  • If any Eurodollar Loan of a Retiring Bank is paid on any day other than the last day of the Loan Period for that Loan occurring within the time period provided in Paragraph (b) below, the Company shall pay the Retiring Bank’s funding losses as provided in Section 8.5.

  • In lieu of the foregoing, upon the express written consent of Continuing Banks who are the holders of at least sixty-six and two-thirds percent (662/3%) of that portion of the outstanding principal of the Loan held by Continuing Banks, the Obligors shall have the right to terminate the Commitment of a Retiring Bank in full.

  • In lieu of the foregoing, upon the express written consent of Continuing Banks who are the holders of at least sixty-six and two-thirds percent (66 2/3%) of that portion of the outstanding principal of the Loans held by Continuing Banks, the Obligors shall have the right to terminate the commitments of a Retiring Bank hereunder in full.

  • Each Retiring Bank shall, as of the Restatement Effective Date, cease to be a “Bank” under (and, accordingly, shall cease to be a party to) the Existing LC Agreement, and the Account Parties hereby confirm and agree that, as of the Restatement Effective Date, the Retiring Banks shall have no obligations or liabilities under the Fourth Amended and Restated Credit Agreement.

  • On the Replacement Date, each Replacement Bank that is a New Bank shall become a Bank and the Retiring Bank shall cease to be a Bank; provided that this Agreement shall continue to govern the rights and obligations of a Retiring Bank with respect to any Loans made or any other actions taken by such Retiring Bank while it was a Bank.

  • Opinion Filed:July 29, 2021Oral Argument:March 29, 2021JUDGES:Blanchard, Kloppenburg, and Graham, JJ.Appellant ATTORNEYS:On behalf of the plaintiff-appellant, the cause was submitted on the briefs of Erica K.

  • Each Retiring Bank shall, as of the Closing Date, cease to be a "Lender" under (and, accordingly, shall cease to be a party to) the Existing Credit Agreement, and the Borrower hereby confirms and agrees that, as of the Closing Date, the Retiring Banks shall have no obligations or liabilities under this Agreement; provided, that the Retiring Lenders shall be entitled to the benefits of Section 10.5.


More Definitions of Retiring Bank

Retiring Bank means a bank or other lending institution that ceases
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Related to Retiring Bank

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • Continuing Lenders as defined in the recitals hereto.

  • Exiting Lender see Section 2.17.7.

  • 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.

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

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

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

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

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

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • 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.

  • 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.

  • U.S. Swing Line Lender means Bank of America in its capacity as provider of U.S. Swing Line Loans, or any successor swing line lender hereunder.

  • Existing Lenders as defined in the recitals hereto.

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

  • Administrative Agents means the Administrative Agent and the Canadian Administrative Agent.

  • 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.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Designating Lender has the meaning specified in Section 8.07(h).

  • Acquiring Bank means a bank or financial institution that processes the transaction payment which the Card is used for or on behalf of a Partner Merchant;

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.