Bank Products Reserves means such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding.
Bank Products Reserves means such reserves as the Agent from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding.
Bank Products Reserves means all reserves that the Administrative Agent from time to time establishes in its Permitted Discretion with respect to Bank Products Obligations.
Examples of Bank Products Reserves in a sentence
In addition, each Provider, by virtue of entering into a Specified Agreement, shall be automatically deemed to have agreed that the Administrative Agent shall have the right, but shall have no obligation, to establish, maintain, relax, or release Bank Products Reserves and reserves in respect of Cash Management Services and that if reserves are established there is no obligation on the part of the Administrative Agent to determine or insure whether the amount of any such reserve is appropriate or not.
More Definitions of Bank Products Reserves
Bank Products Reserves means, as of any date of determination, the amount of reserves, if any, that Lender has established (based upon the Bank Product Providers’ reasonable determination of their credit exposure in respect of Bank Products) for Bank Products then provided or outstanding.
Bank Products Reserves means at any time, reserves in respect of Secured Hedge Agreements and Secured Cash Management Agreements then provided and outstanding, including, without limitation, the reserves established by the Administrative Agent pursuant to Section 2.04(b).
Bank Products Reserves means such reserves as the Agent from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties or, if requested by the Funding and Notice Agent in accordance with the provisions of the Master Agency Agreement, any Macy’s Party or any of their respective Restricted Subsidiaries with respect to Bank Products then being provided or outstanding.
Bank Products Reserves means, collectively, the Designated Cash Management Reserve and Designated Hedging Reserve.
Bank Products Reserves has the meaning specified in the Revolving Credit Agreement.
Bank Products Reserves means such reserves as the Agent from time to time determines in its discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding; provided that, with respect to any Bank Product provided to any Loan Party by any Lender or Affiliate thereof, Agent shall establish such reserves based upon such Lenders’ or Affiliate’s reasonable determination of the credit exposure of such Loan Party in respect of such Bank Product as made in accordance with the methodology set forth in the applicable Bank Product Notice.
Bank Products Reserves means such Reserves as the Administrative Agent, from time to time, determines in its discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding. “Bank Product Provider” means any Person in its capacity as a party to a Bank Product Agreement that, at the time it enters into a Bank Product Agreement with a Loan Party or any Subsidiary, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Bank Product Agreement (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, however, that for any of the foregoing to be included as a “Secured Bank Product Agreement” on any date of determination by the Administrative Agent, the applicable Bank Product Provider (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. For the avoidance of doubt, Bank Product Providers include Xxxxx Xxxxx. “Base Rate” means, for any day, the highest of (a) the variable per annum rate of interest so designated from time to time by the Administrative Agent as its prime rate (which rate is a reference rate