Senior Bank definition

Senior Bank means a "Bank" as defined in the Senior Credit Facility.

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Senior Bank means any state or federal banking institution that

Senior Bank means a “Bank” as defined in the Senior Credit Facility.

Examples of Senior Bank in a sentence

This allows Bankmark to develop a capitalization plan based upon the expected, collective contributions of the Director Group and Senior Bank Management.
Notwithstanding anything to the contrary in this Loan Agreement, the Borrower hereby agrees that it may not make, and the Lender hereby agrees that it will not accept, any Distribution with respect to the Subordinated Obligations until it has received a Senior Bank Discharge Notice.
Until such time as the Lender has received a Senior Bank Discharge Notice, the Lender agrees that it shall not (i) object to Standard Chartered Bank’s exercise of secured creditor remedies in respect of, or forbearance in connection with, the Senior Bank Obligations or (ii) commence insolvency proceedings against the Borrower.
Prior to receipt of a Senior Bank Discharge Notice, if any Distribution on account of the Subordinated Obligations is received by Lender, such Distribution shall not be commingled with any of the assets of Lender, shall be held in trust by Lender for the benefit of Standard Chartered Bank and the Senior Lenders and shall be promptly paid over to Standard Chartered Bank.
The Lender agrees that it shall not to initiate, prosecute or participate in any claim, action or other proceeding challenging the enforceability, validity, perfection or priority of the Senior Bank Obligations or any liens and security interests securing the Senior Bank Obligations.
All loans or advances permitted under this Section 5.11 (excluding Senior Bank Loan Investments that are Noteless Loans) shall be evidenced by written promissory notes.
Pending the final application of any such Net Proceeds, the Company may temporarily reduce Senior Bank Debt or otherwise invest such Net Proceeds in any manner that is not prohibited by the Indenture.
In the event that the Senior Bank Facility is amended to include an additional financial maintenance covenant, such additional financial maintenance covenant, or event of default relating to such covenant, shall be automatically and correspondingly added to the Definitive New Loan Documentation (taking into account any differences between the defined terms in the Senior Bank Facility and the defined terms of the Definitive New Loan Documentation) (an "Additional Maintenance Covenant").
Other than as set out above, no amendments, waivers or modifications to the Senior Bank Facility shall affect or alter in any way the Definitive New Loan Documentation.
With respect to the collateral currently securing the Senior Bank Facility (the "Working Capital Assets"), the security interest will be a second lien; with respect to all other property, assets and undertakings of the Credit Parties (the "Fixed Assets"), the security interest will be a first lien.

More Definitions of Senior Bank

Senior Bank means Silicon Valley Bank.

Senior Bank means the "Bank" as defined under the Senior Credit Agreement, its successors and assigns, and all other holders of the Senior Obligations from time to time.

Senior Bank means (i) the lender (if the sole lender) or the agent (if acting on behalf of lenders) under the Senior Credit Agreement, together with its successors and assigns, or (ii) if there is no agent, those lenders having the ability to bind all lenders under the Senior Credit Agreement.

Senior Bank means (i) the lender (if the sole lender) or the agent (if acting on behalf of lenders) under the Senior Credit Agreement and, with respect to its successors, such persons who have been identified in a written notice to the Purchasers as being successors, or (ii) if there is no agent, those lenders having the ability to bind all lenders under the Senior Credit Agreement.