Applicable Banks definition

Applicable Banks. With respect to the Dollar Facility, the Revolving Credit Loans, the Letters of Credit, the Term Loan or the Dollar Agent, the Dollar Banks; with respect to the Gold Facility, the Consignments, the Gold Loans or the Gold Agent, the Gold Banks.

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Applicable Banks means, (i) with respect to any Tranche A Loan or Tranche A Swing Line Advance, the Tranche A Banks; and (ii) with respect to any Tranche B Loan or Tranche B Swing Line Advance, the Tranche B Banks.

Applicable Banks means (a) with respect to each Applicable Margin Change Notice and each Commitment Fee Change Notice that, in either case, would decrease all or any portion of the Applicable Margin or the Commitment Fee Rate, all Banks, and (b) with respect to all other Applicable Margin Change Notices and Commitment Fee Change Notices, Required Banks.

Examples of Applicable Banks in a sentence

• Each Applicable Bank shall comply with its obligation under this Section in the same manner as provided in Section 4.1 with respect to Loans made by such Applicable Bank (and Section 4.2 shall apply, mutatis mutandis, to the payment obligations of the Applicable Banks), and the Administrative Agent shall promptly pay to such Applicable Tranche Swingline Bank the amounts so received by it from the Applicable Banks.

• Each Advance under an Applicable Tranche shall consist of Revolving Loans made from the several Applicable Banks who have Applicable Tranche Commitments under such Applicable Tranche, ratably in proportion to the amounts of their respective Applicable Tranche Commitments on the date of such Advance, or of Swingline Loans made from the Applicable Tranche Swingline Banks agreeing to make any specific Applicable Tranche Swingline Loans.

• Interest accrued on each Advance under an Applicable Tranche prior to the applicable Loan Maturity Date shall be payable to the Administrative Agent for the benefit of the Applicable Banks on the date on which such Advance is paid or prepaid, whether due to acceleration or otherwise.

• Promptly upon receipt of any such notice, the Applicable Agent shall notify each of the Applicable Banks thereof.

• For purposes of this Section 11.9(e), those Banks that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in U.S. Dollars shall be excluded from any determination of Required Applicable Banks.

• Not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Loans, each of the Applicable Banks will make available to the Applicable Agent, at its Head Office, in immediately available funds, the amount of such Applicable Bank's Commitment Percentage or Gold Commitment Percentage, as the case may be, of the amount of the requested Loans.

• Promptly after receiving any notice of the Borrowers delivered pursuant to this Section 2.5(a), the Administrative Agent will notify the Applicable Banks of the substance thereof.

• Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from the Applicable Banks on the proposed Drawdown Date.

• Each partial prepayment shall be allocated among the Applicable Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Applicable Bank's Notes, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.

• Upon the effective date of any such reduction or termination, each Borrower severally (and neither jointly nor jointly and severally) shall pay to the Administrative Agent for the respective accounts of the Applicable Banks the full amount of any commitment fee then accrued on the amount of the reduction.

More Definitions of Applicable Banks

Applicable Banks. Base Rate Loans", "Consignment Limit", "Dollar Agent", "Dollar Facility", "Dollar Facility Loans", "Eurodollar Rate Loans", "FNBB", "Loans", "Majority Banks", "Notes", "Total Commitment" and "Type" to read in their respective entireties as follows:

Applicable Banks under and as defined in the Credit Agreement, including, without limitation, provisions relating to the dissemination of information and the payment of indemnification.

Applicable Banks include Bank of America in its individual capacity.

Applicable Banks means (a) with respect to any Facility A Commitments and Facility A Advances, the Facility A Banks, and (b) with respect to any Facility B Commitments and Facility B Advances, the Facility B Banks. "Applicable Facility Fee Rate" means, on any date and with respect to each Commitment whether used or unused, the applicable fee (in basis points) set forth below based on the type of Commitment and the Applicable Rating Level on such date (provided, however, that on the Effective Date the Applicable Rating Level shall be deemed to be Level III): Applicable Rating Level Applicable Facility Fee Rate (in basis points) _______________________ ______________________________________________ Facility A Commitments Facility B Commitments ______________________ _______________________ Level I 5.5 4.0 Level II 7.0 5.0 Level III 8.0 6.0 Level IV 10.0 6.0 Level V 12.5 6.0 Level VI 15.0 6.0