Accepting Banks definition

Accepting Banks shall have the meaning set forth in Section 10.17.
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Accepting Banks has the meaning specified in Section 2.10(a)(i).
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Accepting Banks shall have the meaning set forth in Section 2.2(c).
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Examples of Accepting Banks in a sentence

  • In the event of any payments hereunder by the Borrower A&R Credit Agreement — Tandy Brands of amounts owing under any Bankers Acceptances, the Accepting Banks agree, if the Event of Default has been cured or waived or if no other amounts are then due and payable under this Agreement, the Notes or any other Loan Document, to remit to the Borrower amounts held hereunder as cash collateral.

  • In the absence of such a timely and proper election for renewal, if the Borrower does not make payment to the A&R Credit Agreement — Tandy Brands Accepting Banks on maturity as provided in Section 5.4, the Borrower shall be deemed to have elected to convert such Bankers Acceptance to an Alternate Base Borrowing.

  • Promptly following the receipt of such Request the Accepting Banks will notify the Borrower of the Discount Rate for the specified Acceptance Date.

  • The Accepting Banks may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers Acceptances purchased by it.

  • If the Banks holding at least 51% of the Commitments consent to the Extension Request by the Response Date, the Termination Date for those Banks consenting to the extension (for purposes of this Section 2.10(a), the "Accepting Banks") shall be automatically extended to the date which is the 364th day after the initial Termination Date.

  • In the course of the engagement, we identified three types of channels that government agencies can use to collect via electronic payment in their behalf: Authorized Government Depository Banks, Authorized Accepting Banks, and Electronic Payment Service Providers.

  • Payments received by the Accepting Banks shall be held by the Accepting Banks as cash collateral securing the Acceptance Exposure in an account or accounts at the Accepting Banks’ principal office in San Francisco, California ; and the Borrower hereby, and by its deposit with the Accepting Banks, grants to the Accepting Banks a security interest in such cash collateral.

  • Subject to the terms of this Agreement, the Borrower may elect to cause a replacement Bankers Acceptance to be issued, accepted and purchased to replace all or any part of any Bankers Acceptance at the maturity thereof by giving a notice of such election to be received by the Accepting Banks not later than 10 a.m. San Francisco, California time one (1) Business Day prior thereto, specifying the amount of such new Bankers Acceptance and the maturity date thereof.

  • All or any part of any Bankers Acceptance may be renewed as provided herein, provided that (i) any renewal Bankers Acceptance shall meet all requirements for Bankers Acceptances hereunder, (ii) no Event of Default shall have occurred and be continuing and (iii) the Borrower shall have paid to the Accepting Banks an amount equal to the difference, if any, between the amount due on the maturing Bankers Acceptance and the face amount of the new Bankers’ Acceptance.

  • To the extent one or more Banks accepts any such offer ("Accepting Banks") and one or more Banks rejects such offer ("Rejecting Banks"), the amounts that would have been allocable to the Rejecting Banks may (if accepted by the Accepting Banks) be paid to the Accepting Banks in accordance with their Pro Rata Percentages.


More Definitions of Accepting Banks

Accepting Banks shall have the meaning provided in Section 3.03(iii)(a).
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Accepting Banks shall have the meaning set forth in Section 10.17. “Act” shall have the meaning set forth in Section 10.18.
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Accepting Banks shall have the meaning given to such term in Section 2.10 hereof.
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Accepting Banks as defined in Section 10.6(f).
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Related to Accepting Banks

  • Accepting Lenders has the meaning specified in Section 2.24(a).

  • Accepting Lender shall have the meaning assigned to such term in Section 2.11(e).

  • Non-Accepting Lender has the meaning assigned to such term in Section 2.24(c).

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • L/C Lender a Lender with an L/C Commitment.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Exiting Lender see Section 2.17.7.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).