Transferor Banks definition

Transferor Banks means the Transferor Bank 1 and Transferor Bank 2;
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Transferor Banks. [ ] Item 3 Purchasing Banks: [ ] EXHIBIT D AMORTIZATION SCHEDULE The principal amount of each Loan shall be due and payable in fourteen (14) semiannual installments on consecutive Interest Payment Dates, commencing on the first such Interest Payment Date to occur after the date on which such Loan was made. The amount of principal payable on each such Interest Payment Date shall be equal to the amount of the principal component only of a mortgage-style amortization schedule based on the foregoing payment schedule and maturity and assuming (i) a fixed per annum interest rate equal to the interest rate applicable to such Loan on the date such Loan was made and (ii) levelized payments of principal and interest. EXHIBIT E EXEMPTION CERTIFICATE Reference is made to the Letter of Credit and Reimbursement Agreement dated as of October 10, 2003 among Indiantown Cogeneration, L.P. (the "Borrower"), the Banks party thereto from time to time and Credit Lyonnais New York Branch, as Agent (the "Reimbursement Agreement"). Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them in the Reimbursement Agreement. ______________________ (the "Non-U.S. Lender") is providing this certificate pursuant to Section 2.17(e) of the Reimbursement Agreement. The Non-U.S. Lender hereby represents and warrants that: 1. The Non-U.S. Lender is the sole record and beneficial owner of the Loans or the obligations evidenced by Note(s) in respect of which it is providing this certificate. 2. The Non-U.S. Lender is not a "bank" for purposes of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the "Code"). In this regard, the Non-U.S. Lender further represents and warrants that:
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Transferor Banks. [______________]
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Examples of Transferor Banks in a sentence

  • From and after the close of business at the Agent's Office on the Transfer Effective Date each Purchasing Bank (if not already a Bank party to the Credit Agreement) shall be a Bank party to the Credit Agreement for all purposes thereof having the respective interests in the Transferor Bank's Interest reflected in this Transfer Supplement.

  • At or before 12:00 Noon, local time at the Transferor Bank's office specified in Schedule III, on the Transfer Effective Date, each Purchasing Bank shall pay to the Transferor Bank, in immediately available funds, an amount equal to the purchase price, as agreed between the Transferor Bank and such Purchasing Bank (the "Purchase Price"), of the portion being purchased by such Purchasing Bank (such Purchasing Bank's "Purchased Percentage") of the Transferor Bank's Interest.

  • All principal payments, interest, fees and other amounts that would otherwise be payable from and after the Transfer Effective Date to or for the account of the Transferor Bank in respect of the Transferor Bank's Interest shall, instead, be payable to or for the account of the Transferor Bank and the Purchasing Banks, as the case may be, in accordance with their respective interests as reflected in this Transfer Supplement.

  • The execution of this Transfer Certificate alone may not transfer a proportionate share of the Transferor Bank's interest in the security constituted by the Security Documents in the Transferor Bank's or Transferee Bank's jurisdiction.

  • On the commencement of this Scheme, the undertakings of the Transferor Banks shall be transferred to and shall vest in the Transferee Bank.

  • Effective upon receipt by the Transferor Bank of the Purchase Price from a Purchasing Bank, the Transferor Bank hereby irrevocably sells, assigns and transfers to such Purchasing Bank, without recourse, representation or warranty (express or implied) except as set forth in Section 6 hereof, and each Purchasing Bank hereby irrevocably purchases, takes and assumes from the Transferor Bank such Purchasing Bank's Purchased Percentage of the Transferor Bank's Interest.

  • Effective upon receipt by the Transferor Bank of the Purchase Price from a Purchasing Bank, the Transferor Bank hereby irrevocably sells, assigns and transfers to such Purchasing' Bank, without recourse, representation or warranty (express or implied) except as set forth in Section 6 hereof, and each Purchasing Bank hereby irrevocably purchases, takes and assumes from the Transferor Bank such Purchasing Bank's Purchased Percentage of the Transferor Bank's Interest.

  • Amalgamation of the Transferor Banks with the Transferee Bank is proposed to be completed in a time bound manner.

  • Xxxxxxxx Chief Executive Officer By: Xxxx Xxxxxx President By: Xxxx X.

  • Within five (5) Business Days after its receipt of such notice, the Borrower, at the Transferor Bank's expense, shall execute and deliver to the Agent in exchange for the surrendered Note a new Note to the order of such assignee in an amount equal to the Term Loan assumed by it pursuant to such Assignment and Assumption Agreement and, if the Transferor Bank has retained a Term Loan hereunder, a new Note to the order of the Transferor Bank in an amount equal to the Term Loan retained by it hereunder.


More Definitions of Transferor Banks

Transferor Banks shall have the meaning assigned thereto in the recitals hereof.
Sample 1
Transferor Banks. [ ] Item 3 Purchasing Banks: [ ] EXHIBIT D EXEMPTION CERTIFICATE Reference is made to the Revolving Credit Agreement dated as of October 10, 2003 among Indiantown Cogeneration, L.P. (the "Borrower"), the Banks party thereto from time to time and Credit Lyonnais New York Branch, as Agent (the "Working Capital Facility"). Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them in the Working Capital Facility. ______________________ (the "Non-U.S. Lender") is providing this certificate pursuant to Section 2.15(e) of the Working Capital Facility. The Non-U.S. Lender hereby represents and warrants that: 1. The Non-U.S. Lender is the sole record and beneficial owner of the Loans or the obligations evidenced by Note(s) in respect of which it is providing this certificate. 2. The Non-U.S. Lender is not a "bank" for purposes of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the "Code"). In this regard, the Non-U.S. Lender further represents and warrants that: (a) the Non-U.S. Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and (b) the Non-U.S. Lender has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any Governmental Authority, any application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements; 3. The Non-U.S. Lender is not a 10-percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code; and
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Related to Transferor Banks

  • Transferor Letter As defined in Section 5.03(n).

  • Transferor Company means a company that conveys an interest in shares.

  • Transferor Certificate As defined in Section 5.02(b).

  • Transferor Interest has the meaning specified in the Transfer Agreement.

  • Transferor Amount means (a) prior to the Certificate Trust Termination Date, the "Transferor Amount" under (and as defined in) the Pooling and Servicing Agreement and (b) on and after the Certificate Trust Termination Date, the "Transferor Amount" as defined in Annex A to the Indenture. For purposes of determining the Transferor Amount on any date of determination, any amount deposited into the Principal Account in respect of a Potential Shortfall shall be deemed not to be on deposit in the Principal Account.

  • Transferor Percentage means 100% minus (a) the Floating Allocation Percentage, when used at any time with respect to Finance Charge Receivables and Defaulted Receivables, or (b) the Principal Allocation Percentage, when used at any time with respect to Principal Receivables.

  • Transferors means the entities acting as Transferors under the Pooling and Servicing Agreement.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Minimum Transferor Interest means, with respect to any period, --------------------------- 7% of the average of the aggregate amount of Principal Receivables for such period.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Certificate re Non-Bank Status means a certificate substantially in the form of Exhibit F.

  • Deposit Bank has the meaning set forth in Section 7.1.

  • Series Required Transferor Amount means an amount equal to 7% of the Invested Amount.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Joint Account Holder means a person in whose name a Joint Account is maintained;