Syndicate Banks definition
Examples of Syndicate Banks in a sentence
PPC shall provide to the Lessor (or, as the case may be, shall procure that there is provided to the Lessor) such financial information relating to each of the Security Parties which is an ▇▇▇▇▇▇▇ Energy Group Member as those parties are required to provide to the Syndicate Banks pursuant to the Credit Agreement or any document relating thereto, irrespective of whether there are any moneys owing actually or contingently under the Credit Agreement at any time.
In case of withdrawal in accordance with paragraph 1) to 3) of this Article XVIII the Issuer and/or Guarantor undertakes to hold the Syndicate Banks indemnified against all losses, liabilities, costs, charges and expenses which they may incur as a result of such withdrawal.
The relationship between the Agent and other Syndicate Banks is an agency relationship.
However, if the Agent fails to take such action as directed by the Majority Lenders, the relevant Syndicate Bank(s) may take such action by itself/themselves.
The Agent shall, acting on the instructions of the Majority Lenders, organize the Syndicate Banks to initiate and/or participate in any litigation, arbitration or legal dispute proceedings in connection with this Contract, provided that each Lender has, in accordance with this Contract, indemnified or pre-funded the Agent against any costs, fees, expenses (including but not limited to legal fees) and liabilities that has incurred or may incur in the Agent’s acting on such instructions.
The Syndicate Banks shall subscribe for the following quotas of Bonds in order to offer the Bonds for public subscription in Switzerland: Credit Suisse First Boston (Lead Manager) 80% CHF 136,000,000 Banque Cantonale Vaudoise (Co-Lead Manager) 10% CHF 17,000,000 BNP Paribas (Suisse) SA (Co-Lead Manager) 10% CHF 17,000,000 ------------------------- 100% CHF 170,000,000 ========================= CSFB will act as representative of the Syndicate Banks for all matters concerning the Agreement and its Annexes.
The rights or remedies provided under this Contract are cumulative and not exclusive of any rights or remedies provided by laws and regulations to the Syndicate Banks.
CSFB shall pay therefrom to the Syndicate Banks the commissions as agreed separately between CSFB and the Syndicate Banks.
The Company and each of the Selling Shareholders acknowledge and take cognizance of the deemed agreement of the Company with the Self Certified Syndicate Banks for purposes of any ASBA process (as set out under the SEBI ICDR Regulations), as well as with the Registered Brokers, Collecting DPs, Collecting RTAs for the purposes of collection of Bid cum Application Forms in the Offer, as set out in the Offer Documents.
In the absence of manifest error, the information recorded in the accounting documents of the Syndicate Banks prepared in accordance with its ordinary business practice constitutes a conclusive evidence of the debt owed by the Borrower to the Syndicate Banks under this Contract.