Bank Restructuring definition
Examples of Bank Restructuring in a sentence
Bank of America (the "Bank") shall have entered into an agreement with ComVest pursuant to which ComVest shall have the right to acquire (a) all of the existing debt owed by the Company to the Bank and (b) all of the shares of Series B preferred stock of the Company beneficially owned by the Bank (the "Bank Restructuring").
Parent and Sub shall provide all cooperation reasonably requested by the Company to effect the Bank Restructuring.
Parent and Merger Sub shall provide all cooperation reasonably requested by the Company to effect the Bank Restructuring.
Development of a plan for the redemption or replacement of Bank Restructuring Bonds, and formulation and implementation of a controlled divestiture program for Savings Bank, through the provision of consultants’ services and training.
Completion of portfolio reviews, under terms of reference acceptable to the Bank, for IBRA supervised banks whose assets total at least 80 percent of the total combined assets of the 54 banks that were under the supervision of IBRA (the Indonesian Bank Restructuring Agency) as of February 28, 1998.
The Company and Parent shall jointly develop a plan to effect the Bank Restructuring as promptly as practicable.
The Company shall and Parent and Merger Sub (as reasonably directed by Company) shall make all appropriate filings, applications, notices and registrations with or to, and enter into agreements or understandings (which shall be on terms reasonably acceptable to Parent and the Company) with, the relevant Governmental Entities and other Persons to effect the Bank Restructuring.
The Company shall, in consultation with Parent, develop a plan to effect the Bank Restructuring as promptly as practicable (and in any event within 21 days following the date of this Agreement).
In no event shall the Company be obligated to transfer any asset or liability of Concord EFS National Bank or otherwise consummate any Bank Restructuring prior to the Effective Time unless and until all other conditions set forth in Article VIII have been satisfied or waived and the closing of the Merger will be completed immediately thereafter.
The Borrower agrees to pay to the Administrative Agent and the Lead Arranger, for their own accounts, and without duplication of any fees paid hereunder, fees in the amounts, on the dates and in the manner set forth in the Fee Letter.