Additional Banks definition

Additional Banks has the meaning set forth in Section 2.21(d).

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Additional Banks means any Person that hereafter becomes a signatory Party hereto as a lender to Borrower hereunder.

Additional Banks means the banking institutions that, within six (6) months of the Closing Date, (i) become a signatory hereto and (ii) are named in Exhibit B, provided that a banking institution cannot qualify as an Additional Bank if the Aggregate Loan Commitment of the Banks and the Additional Banks exceed $75,000,000.

Examples of Additional Banks in a sentence

• The sum of the increases in the Commitments of the existing Banks pursuant to this subsection (b) plus the Commitments of the Additional Banks shall not in the aggregate exceed the unsubscribed amount of the Increased Commitments.

• The sum of the increases in the Commitments of the existing Banks pursuant to this subsection (b) plus the Commitments of the Additional Banks shall not in the aggregate exceed the unsubscribed amount of the Commitment Increase.

• The sum of the increases in the Commitments of the existing Banks pursuant to this paragraph (b) plus the Commitments of the Additional Banks shall not in the aggregate exceed the unsubscribed amount of the Additional Commitment Amount.

• All Banks committed to lend to the Borrower (after giving effect to any Additional Banks) are hereafter referred to as “Extending Banks”.

• In no event shall the Commitment of any Bank be increased by reason of any bank or financial institution becoming an Additional Bank, or otherwise, but the Aggregate Commitment shall be increased by the amount of each Additional Bank's Commitment.

• The Existing Termination Date shall be extended only if Banks holding Commitments (not including the newly undertaken commitments of the Additional Banks) that aggregate more than 50% of the aggregate amount of the Commitments (not including the commitments of the Additional Banks) shall have agreed to extend the Existing Commitment Termination Date.

• Any Additional Bank shall, on the Existing Termination Date, execute and deliver to the Company and the Administrative Agent a "Commitment Transfer Supplement", satisfactory to the Company and the Administrative Agent, setting forth the amount of such Additional Bank's Commitment and containing its agreement to become, and to perform all the obligations of, a Bank hereunder, and the Commitment of such Additional Bank shall become effective on the Existing Termination Date.

• Any such banking institution (an "Additional Bank") shall, on the Effective Date, execute and deliver to the Company and the Agent a Commitment Transfer Supplement, satisfactory to the Company and the Agent, setting forth the amount of such Additional Bank's Commitment and containing its agreement to become, and to perform all the obligations of, a Bank hereunder, and the Commitment of such Additional Bank shall become effective on the Effective Date.

• The sum of the increases in the Commitments of the existing Banks pursuant to this subsection (b) plus the Commitments of the Additional Banks shall not in the aggregate exceed the request for Increased Commitments.

• Each such increase may be made by either (i) proportionally increasing, for one or more Banks, with their prior written consent, their respective Commitments, in increments of at least Five Million Dollars ($5,000,000), or (ii) including one or more Additional Banks, each with a new Commitment of at least Twenty Five Million Dollars ($25,000,000), as a party to this Agreement (collectively, the “Additional Commitments”).

More Definitions of Additional Banks

Additional Banks means each of the following:

Additional Banks shall have the meaning given to such term in Section 2.10 hereof. "Additional Costs" shall have the meaning given to such term in Section 5.01 hereof.

Additional Banks has the meaning ascribed thereto in the preamble to this Agreement.

Additional Banks means the financial institutions which agree to provide Additional Term Loans or make Additional Revolving Commitments to Holdings in accordance with the terms and conditions set forth herein by becoming parties to this Agreement on the Subsequent Effective Date.