BBOT definition
Examples of BBOT in a sentence
BBOT has, by separate assignment executed July 30, 1997, assigned to NationsBank all its right, title and interest in and to the Facility, the BBOT Loan Agreement, the Participation Agreement and the other Loan Documents.
Pursuant to the Restated Loan Agreement, as the same is being amended and restated hereby, the Participation Agreement was terminated by NationsBank, as successor-in-interest to BBOT, and the Participating Lenders, and NationsBank assigned to the Participating Lenders their respective pro rata portions of the Commitment existing under the BBOT Loan Agreement.
Pursuant to the Restated Loan Agreement, as the same is being amended and restated hereby, the Guarantor has heretofore transferred and assigned to the Borrower, and the Borrower has heretofore assumed, in the place and stead of the Guarantor, all indebtedness and obligations relating to or arising out of the BBOT Note and the BBOT Loan Agreement and all other documents relating thereto.
The Facility has heretofore been increased from $75,000,000, as set forth in the BBOT Loan Agreement, to $175,000,000, as set forth in the Restated Loan Agreement.
Pursuant to the Restated Loan Agreement, as the same was subsequently amended and restated and is being further amended and restated hereby, the Guarantor has heretofore transferred and assigned to the Borrower, and the Borrower has heretofore assumed, in the place and stead of the Guarantor, all indebtedness and obligations relating to or arising out of the BBOT Note and the BBOT Loan Agreement and all other documents relating thereto.
Likewise, NationsBank and the Participating Lenders have heretofore assigned to the remaining Lenders such portions of the Commitment existing under the BBOT Loan Agreement as necessary to properly distribute to all Lenders their proper pro rata shares of the Commitment existing under the BBOT Loan Agreement in accordance and consistent with their respective Percentages of the Aggregate Commitment allocated to the Lenders, as set forth opposite their signatures herein.
In connection with the increased Facility, the Borrower on July 30, 1997 executed and delivered to each Lender a Note in the amount of each Lender's Commitment, which Notes collectively replaced and restated the BBOT Note, and increased the Aggregate Commitment Amount evidenced thereby.
The Facility has heretofore been increased from $75,000,000, as set forth in the BBOT Loan Agreement, to $175,000,000, as set forth in the Restated Loan Agreement and to $190,000,000, as set forth in the First Amendment to Second Restated Loan Agreement.
Pursuant to the Restated Loan Agreement, as the same was subsequently amended and restated and is being further amended and restated hereby, the Participation Agreement was terminated by NationsBank, as successor-in-interest to BBOT, and the Participating Lenders, and NationsBank assigned to the Participating Lenders their respective pro rata portions of the Commitment existing under the BBOT Loan Agreement.
Likewise, NationsBank and the Participating Lenders have heretofore assigned to the remaining Lenders such portions of the Commitment existing under the BBOT Loan Agreement as necessary to properly distribute to all Lenders their proper pro rata shares of the Commitment existing under the BBOT Loan Agreement in accordance and consistent with their respective Percentages of the Aggregate Commitment allocated to the Lenders, as set forth opposite their signatures in the Restated Loan Agreement.