Substitute Banks definition
Substitute Banks has the meaning set forth in Section 8.06.
Substitute Banks has the meaning set forth in Section 8.06. “Successor Parent” has the meaning set forth in Section 6.01(k). “Syndication Agent” means JPMorgan.
Examples of Substitute Banks in a sentence
If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 or 8.04, the Company shall have the right, with the assistance of the Administrative Agent, to seek a mutually satisfactory substitute bank or banks ("Substitute Banks") (which may be one or more of the Banks) to purchase the Committed Loans and assume the Commitment of such Bank (the "Exiting Bank").