Servicing Bank definition

Servicing Bank means the Agent or the Security Trustee;

Servicing Bank means each Bank designated as a Servicing Bank in accordance with Section 4.5.

Servicing Bank means each of the Arranger, the Agent and the Security Trustee whether as at the date of this Agreement or at any time thereafter,

Examples of Servicing Bank in a sentence

• The Servicing Bank must immediately block the account from accepting additional charges.

• Any such compensation shall be based on such reasonable daily or hourly rates as the Agent may notify to the Borrowers and is in addition to any fee paid or payable to the relevant Servicing Bank.

• The term so-called “account”, including the bank accounts the Customer has opened in the Regional Servicing Bank and will open in the future.

• Under the following condition, the Army has adopted the following process in order to allow the Servicing Bank to be paid for items that have been shipped by the merchant but not received by the organization to prevent withholding payment of the entire billing statement for a few transactions.

• However, if certifying electronically, the CH and BO may rely on the Servicing Bank recordkeeping for the BO and CH statements.

More Definitions of Servicing Bank

Servicing Bank means each Bank designated as a Servicing Bank in accordance with SECTION 4.5.

Servicing Bank means the Agent or the Security Trustee; “Ship” means each of Ship A, Ship B, Ship C and Ship D.

Servicing Bank means Chase Manhattan Bank, N.A. (Rochester Division), so long as it shall act as Servicing Bank as provided in this Agreement, and thereafter any successor appointed as Servicing Bank as provided in Section 12 hereof.

Servicing Bank means the Agent;

Servicing Bank means the Agent or the Security Trustee. "Ship" means any Existing Ship, the Newbuild Ship or the Upsize Ship. "Shipbuilding Contract" means: (a) in respect of the Newbuild Ship, the shipbuilding contract dated 16 April 2021 and made between the Builder and the Borrower for the construction by the Builder of the Newbuild Ship and its purchase by the Borrower as supplemented and amended from time to time; and (b) in respect of the Upsize Ship, the shipbuilding contract dated 16 April 2021 and made between the Builder and the Borrower for the construction by the Builder of the Upsize Ship and its purchase by the Borrower as supplemented and amended from time to time. "SOFR" means the secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that

Servicing Bank means the DIP Agent or the Security Trustee.

Servicing Bank means each of the Arranger, the Agent and the Security Trustee whether as at the date of this Agreement or at any time thereafter; “Shipbuilding Contract A” means the shipbuilding contract dated 3rd June 2005 entered into between the Builder as builder/seller and the Borrower A as buyer, for the construction and completion of the Vessel A at the Contract Price, as the same may from time to time be amended, varied or supplemented, with the Security Trustee’s prior written consent; “Shipbuilding Contract B” means the shipbuilding contract dated 3rd June 2005 entered into between the Builder as builder/seller and the Borrower B as buyer, for the construction and completion of the Vessel B at the Contract Price, as same may from time to time be amended, varied or supplemented; “Shipbuilding Contracts” means together the Shipbuilding Contract A and the Shipbuilding Contract B, and, in the singular, means either of them; “Steel Cutting Instalment” means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the date of the steel cutting of that Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them; “Steel Cutting Instalment Payment Date” means in respect of each Vessel the date provided in Article III Clause 4 paragraph (b) of each relevant Shipbuilding Contract;