Technical Bank definition

Technical Bank means Glencore Energy UK Ltd. in its capacity as technical bank or any other person that replaces it in such capacity in accordance with this Agreement.

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Technical Bank means Sumitomo Mitsui Banking Corporation Europe Limited in its capacity as technical bank or any other person that replaces it in such capacity in accordance with this Agreement.

Technical Bank means Barclays Bank PLC acting through its investment banking division, Barclays Capital, a company incorporated under the laws of England and Wales, acting through its office at ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇, or such other person as may at the relevant time have been appointed, and be acting, as technical agent pursuant to clause 29 of the Agency Agreement;

Examples of Technical Bank in a sentence

• Each Borrower shall use all reasonable endeavours to implement the remedial plan (or amended plan provided to the Facility Agent) and shall continue to consult on a regular basis with (and when requested by) the Facility Agent and the Technical Bank on implementation of the plan.

• In this event, the Technical Bank shall resign in accordance with paragraph (b) above.

• The Borrower shall use all reasonable endeavours to implement the remedial plan (or amended plan provided to the Facility Agent) and shall continue to consult on a regular basis with (and when requested by) the Facility Agent and the Technical Bank on implementation of the plan.

• The financial covenants set out in Clause 21.1 (Financial covenants) shall be tested by the Technical Bank pursuant to the then current Financial Projection on each Calculation Date and at any other time on notice to the Borrower if the Agent reasonably considers a Default under Clause 21.1 (Financial covenants) has occurred.

• The Technical Bank may, with the prior consent of the Borrower (such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any deficiencies in such Computer Model (including any conflict between the Computer Model and any Field Document) or otherwise to reflect any changes in circumstance since the date of this Agreement.

• The Parent shall pay the Technical Bank and the Modelling Bank (for their own account) a technical and modelling bank fee in the amount and at the times agreed in a Fee Letter.

• In no event shall the Agent, the Technical Bank or the Modelling Bank be liable for any loss of profits, goodwill, reputation, business opportunity or anticipated saving, or for special, punitive, indirect or consequential damages, whether or not such person has been advised of the possibility of such loss or damages.

• Each Obligor shall allow any representative of the Facility Agent and/or the Technical Bank, upon reasonable notice following the occurrence of a Default, to have access to and to inspect any and all books, records and other relevant data or information in the possession of or available to each Obligor during regular business hours.

• The Agent, the Technical Bank and the Arranger may accept deposits from, lend money to and generally engage in any kind of banking or other business with the Borrower without consent from any Party.

• Subject to the provisions of this Clause 6, each Financial Projection prepared and delivered by the Technical Bank shall (save for manifest error) be final and binding on the Borrower and each Finance Party.

More Definitions of Technical Bank

Technical Bank means The Standard Bank of South Africa Limited in its capacity as technical bank or any other person that replaces it in such capacity in accordance with this Agreement.

Technical Bank means The Governor and Company of the Bank of Scotland in its capacity as technical bank or any other person that replaces it in such capacity in accordance with this Agreement.

Technical Bank means The Royal Bank of Scotland plc.

Technical Bank means Arab Petroleum Investments Corporation (APICORP) as technical bank or such other person appointed as such from time to time in accordance with Clause 45.2 of the Common Terms Agreement;

Technical Bank means Credit Agricole Corporate & Investment Bank in its capacity as technical bank or any other person that replaces it in such capacity in accordance with this Agreement.

Technical Bank means BNP Paribas (Suisse) SA.