Withdrawing Bank definition

Withdrawing Bank means each such Existing Bank that does not communicate to the Administrative Agent its intention to be a Continuing Bank.

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Withdrawing Bank means a Facility A Withdrawing Bank (as defined in Section 2.6(a)) or a Facility B Withdrawing Bank (as defined in Section 2.6(a)).

Withdrawing Bank means and includes each financial institution that is a party, as a Bank, to the Existing Credit Agreement, but is not a Bank under this Agreement.

Examples of Withdrawing Bank in a sentence

• Effective as of the date the Withdrawing Banks receive payment, in full, of all amounts owed to the Withdrawing Banks under the Existing Credit Agreement, each Withdrawing Bank assigns to the Collateral Agent (as agent for the Banks, the Administrative Agent, the trustee and the holders of notes under the Indenture, and the agent and the holders of notes issued pursuant to the Term Loan Credit Agreement) all of its interest in the Security Documents and the Collateral.

• If the Borrower 30 receives the consent of Facility A Banks having 66-2/3% or more, but less than 100%, of the Facility A Commitments, and the Borrower elects not to cancel the requested extension, the Facility A Termination Date shall be extended by one year, provided, however, that the Facility A Commitment of each Facility A Withdrawing Bank shall terminate on the then applicable Facility A Termination Date without giving any effect to such extension.

• Promptly upon the Closing Date, each Withdrawing Bank hereby agrees to promptly ▇▇▇▇ "Cancelled" the Note held by it pursuant to the Credit Agreement and return the same to the Agent (who shall promptly forward the same to the Borrower).

• The Withdrawal Date for a Withdrawing Bank shall not be earlier than five Business Days after receipt by the Borrowers of such Withdrawing Bank's Notice of Election; provided, however if a Withdrawing Bank has Loans outstanding hereunder, the Withdrawal Date for such Withdrawing Bank shall be the latest date that is the end of an Interest Period applicable to the outstanding Loans made by such Withdrawing Bank.

• In such event, such Withdrawing Bank shall execute and deliver an Assignment Agreement between itself and each Continuing Bank, in the case of a pro rata allocation of such Withdrawing Bank's Commitment among all the Continuing Banks, or the applicable Bank, in the event a single Continuing Bank assumes such Withdrawing Bank's Commitment.

• Each Withdrawing Bank shall have no further duties or obligations under the Original Loan Agreement after the date hereof.

• Each Withdrawing Bank shall duly cancel and return to the Borrowers the promissory note issued to it under the Original Loan Agreement immediately after it receives payment in full of all amounts owing to it under the Original Loan Agreement.

• The Notice of Election of each Withdrawing Bank shall be irrevocable and shall specify the date (the "Withdrawal Date") upon which such Withdrawing Bank will cease to be a party to this Agreement.

• The Withdrawing Bank shall have no further duties or obligations under the Original Loan Agreement after the date hereof.

• The Withdrawing Bank shall duly cancel and return to the Borrower the promissory notes issued to it under the Original Loan Agreement immediately after it receives payment in full of all amounts owing to it under the Original Loan Agreement.

More Definitions of Withdrawing Bank

Withdrawing Bank has the meaning specified in Section 2.13(d).

Withdrawing Bank means each such Existing Bank that does not communicate to the Administrative Agent its intention to be a Continuing

Withdrawing Bank has the meaning ascribed to such term in Section 1.05(b).

Withdrawing Bank means any Bank that delivers a Withdrawal Notice to the Company pursuant to the provisions of the definition of the term `Termination Date' in this Section 1.01.