Major Banks definition

Major Banks means (i) with respect to any U.S. dollar-denominated Notes, four major banks in the London interbank market and (ii) with respect to any euro-denominated Notes, four major banks in the Eurozone interbank market.
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Major Banks means JPMorgan Chase Bank, N.A., Credit Suisse and Deutsche Bank AG, and any successor to any thereof; provided, that if any of such financial institutions shall merge, consolidate or otherwise combine, The Bank of Nova Scotia, ▇▇▇▇▇ Fargo Bank, N.A., LaSalle Bank National Association and RCFC shall select a mutually agreed upon financial institution to be a Major Bank.
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Major Banks means four major banks in the London interbank market.
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Examples of Major Banks in a sentence

  • If the Major Banks selected as aforesaid by the Company are not quoting such rates as mentioned above, the Applicable Variable Rate for such Interest Period will be the Applicable Variable Rate determined with respect to the immediately preceding Interest Period.

  • Otherwise, the Company shall select three major banks in New York City and shall request each of them to provide a quotation of the Applicable Offered Rate offered by them at approximately 11:00 a.m., New York City time, on the Determination Date for loans to leading Major Banks that is representative of single transactions at that time.

  • If an examination establishes an error in Licensee’s computation of license fees due with respect to the Included Programs, Licensee shall immediately pay the amount of underpayment, plus interest thereon from the date such payment was originally due at Prime Rate charged by the 5 Major Banks in South Africa.


More Definitions of Major Banks

Major Banks means The Chase Manhattan Bank, Credit Suisse First Boston and Deutsche Bank AG, and any successor to any thereof; provided, that if any of such financial institutions shall merge, consolidate or otherwise combine, The Chase Manhattan Bank and RCFC shall select a mutually agreed upon financial institution to a Major Bank.
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