Examples of Augmenting Bank in a sentence
Incremental Term Loans may be made hereunder pursuant to an amendment or restatement (an “Incremental Term Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Increasing Bank participating in such tranche, each Augmenting Bank participating in such tranche, if any, and the Agent.
Upon the effectiveness of any increase pursuant to this Section 2.14 of the aggregate Commitments and any resulting adjustment in the Pro Rata Share, the Banks and the Augmenting Banks will purchase from each other and sell to each other outstanding Loans sufficient to cause the outstanding Loans of each Bank and Augmenting Bank to equal its Pro Rata Share (as so adjusted) of the aggregate outstanding Loans.
Upon the effectiveness of any increase pursuant to this Section 2.7 of the aggregate Commitments and any resulting adjustment in any Bank's pro rata share, the Banks and the Augmenting Banks will purchase from each other and sell to each other outstanding Advances sufficient to cause the Advances of each Bank and Augmenting Bank to equal its pro rata share (as so adjusted) of the aggregate outstanding Advances.
The Company may arrange for any such Incremental Loans to be provided by one or more Banks (each Bank so agreeing to provide Incremental Loans, an “Increasing Bank”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Bank”; provided that no Ineligible Institution may be an Augmenting Bank); provided that each Increasing Bank and each Augmenting Bank shall be subject to the approval of the Company and the Agent.
The increase in the Aggregate Commitment may be assumed by any Bank or any other financial institution agreed to by the Company and the Administrative Agent (consent to which shall not be unreasonably withheld) (any such Bank or other financial institution being called an "Augmenting Bank") and shall be effective upon the consent of the Company and the Augmenting Bank (consent to which shall not be unreasonably withheld).
Upon the effectiveness of any increase pursuant to this Section 2.10 of the Aggregate Commitment and any resulting adjustment in a Pro Rata Share, the Banks and the Augmenting Banks will purchase from each other and sell to each other outstanding Loans sufficient to cause the outstanding Loans (other than Swing Line Advances) of each Bank and Augmenting Bank to equal its Pro Rata Share (as so adjusted) of the aggregate outstanding Loans.
Incremental Loans may be made hereunder pursuant to an amendment or restatement (an “Incremental Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Company, each Increasing Bank, each Augmenting Bank, and the Agent.