Assignor Bank definition

Assignor Bank shall have the meaning given to that term in Subparagraph 8.05(c).
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Assignor Bank means the bank that transfers assets to the assignee pursuant to Article 7-bis of the law;
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Assignor Bank shall have the meaning given to that term in SUBPARAGRAPH 8.05(c).
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Examples of Assignor Bank in a sentence

  • They should contain, as a minimum, the following information:• Subject and description of work.• Recommended approach for performing the work.• An estimate of the total level of effort and dollars required to perform the task.• Estimated period of performance, including start and end dates.• Reporting requirements, and other relevant information as applicable.• Accounting and budget data, as required by the Contracting Officer.

  • Effective upon receipt by Assignor Bank of the Purchase Price payable by each Assignee Bank, the sale, assignment and delegation to such Assignee Bank of such Proportionate Share as described in Paragraph 2 hereof shall become effective.

  • At or before 12:00 noon (local time of Assignor Bank) on the Assignment Effective Date, each Assignee Bank shall pay to Assignor Bank, in immediately available or same day funds, an amount equal to the purchase price, as agreed between Assignor Bank and such Assignee Bank (the "Purchase Price"), for the Proportionate Share purchased by such Assignee Bank hereunder.

  • Accepting the request of the Corporate Debtor, vide Letter dated 06.03.2014, Term Loan for Rs.46,00,00,000/- (Term Loan III) was restructured by the Assignor Bank/ IDFC.

  • Concurrently with the execution and delivery hereof, Assignor Bank will provide to each Assignee Bank (if it is not already a Bank party to the Credit Agreement) conformed copies of all documents delivered to Assignor Bank on or prior to the Closing Date in satisfaction of the conditions precedent set forth in the Credit Agreement.

  • Further, it is the plea of the 1st Respondent that the ‘Corporate Debtor’/ SDIL requested the Karnataka Bank Limited/ Assignor Bank for grant of certain facilities/ loan for the purpose of construction of ‘Residential Apartments’ and that the Karnataka Bank/ Assignor Bank granted a Term Loan of Rs.25 crores.

  • It comes to be known that the ‘Assignment Agreement’ was executed between the Assignor Bank and the Appellant on 03.05.2011 based on which the ‘Recovery Certificate’ was issued.

  • As per the Letter dated 06.03.2014 [whereby, Assignor Bank (as per request of ‘Corporate Debtor’) had restructured Term Loan for Rs.46,00,00,000/- (Term Loan III), the ‘Corporate Debtor’ also committed a default on 28.02.2015, when the ‘Corporate Debtor’ failed to pay Rs.44.70 Crores as per the terms of restructuring.

  • It was submitted that as per above clauses the ‘Corporate Debtor’ was liable to pay to Assignor Bank the installments, on their respective due dates, in accordance with the amortization/ repayment schedule.

  • On the Effective Date, each New Bank shall make available to the Agent for the benefit of each Existing Bank that has made an assignment to it hereunder (each such Existing Bank applicable to a New Bank herein an "Assignor Bank") in immediately available funds an amount equal to the sum of the Assigned Percentages of such New Bank set forth on Annex B hereto multiplied by the aggregate amount of the Revolving Loans outstanding on the Effective Date (the "Purchase Price").


More Definitions of Assignor Bank

Assignor Bank has the meaning given to it in Clause 26.2 (Accession of Assignee Banks);
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Assignor Bank is defined in SECTION 13.7.1.
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Assignor Bank is defined in Section 10.11.1.
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Related to Assignor Bank

  • Assignor Lender is defined in Section 10.11.1.

  • Assignor as defined in Section 10.6(c).

  • Payor bank means a bank that is the drawee of a draft.

  • New Bank as defined in subsection 2.20(b).

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.

  • Assignee Lender is defined in Section 10.11.1.

  • New Lender as defined in Section 2.1(c).

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Assigning Lender means as specified in Section 13.8(b).

  • KeyBank means KeyBank National Association.

  • Increasing Bank has the meaning specified in Section 2.6(a).

  • GS Bank shall have the meaning assigned to such term in the preamble to this Agreement.

  • Bank is defined in the preamble hereof.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Rabobank means Coöperatieve Rabobank U.A., New York Branch.

  • Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

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

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Prior Lender means a syndicate of lenders with a U.S. bank as a lender and as administrative agent for all of the lenders.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.