Initial Banks definition
Examples of Initial Banks in a sentence
If the determinations of the Fair Market Value of the Assets or Securities made by the Initial Banks are not within ten percent (10%) of each other, then the determination of the Third Bank shall be delivered to Alibaba and HoldCo within thirty (30) days after the appointment of the Third Bank.
The Collateral Agent and the Initial Banks (or, as they may agree, one of them) may elect, but without an obligation to do so, to discharge any Lien of any third party on any of the Collateral.
An opinion of the Initial Bank's Cayman Islands counsel in a form satisfactory to the Initial Bank.
The Agent shall have received all documents required by Section 4.01 reasonably satisfactory in form and substance to the Initial Banks.
All information, reports, papers and data given to the Agent and the Banks by the Borrower pursuant to this Agreement and in connection with the Borrower's application for the Loan and the Initial Bank's commitment letter are accurate and correct in all material respects, and together constitute a complete and accurate presentation of all facts material thereto.