Non-Defaulting Bank definition
Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank.
Non-Defaulting Bank means each Bank other than a Defaulting Bank.
Non-Defaulting Bank at any time, each Bank that is not a Defaulting Bank at such time.
Examples of Non-Defaulting Bank in a sentence
All or any part of such Defaulting Bank’s participation in the then outstanding amount of the Letter of Credit Usage shall be reallocated among the Non-Defaulting Banks in accordance with their respective Pro Rata Share (calculated without regard to such Defaulting Bank’s Commitment) but only to the extent that such reallocation does not cause the aggregate Outstanding Amount of any Non-Defaulting Bank to exceed such Non-Defaulting Bank’s Commitment.
Subject to Section 12.25, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Bank arising from that Bank having become a Defaulting Bank, including any claim of a Non-Defaulting Bank as a result of such Non-Defaulting Bank’s increased Exposure following such reallocation.
More Definitions of Non-Defaulting Bank
Non-Defaulting Bank is defined in Section 2.4(c).
Non-Defaulting Bank means any Bank that is not, as of the relevant date, a Defaulting Bank.
Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank or a Potential Defaulting Bank. “Non-Extending Bank” has the meaning set forth in Section 2.01(b).
Non-Defaulting Bank means any Bank that is not a Defaulting Bank.
Non-Defaulting Bank means, at any time, each Bank that is not a Defaulting Bank at such time. “Non-U.S. Bank” means a Bank that is not a United States person as defined in Section 7701(a)(30) of the Code. “Notes” means the Revolving Notes and the Swing Line Note. “NYFRB” means the Federal Reserve Bank of New York. “Obligations” means all obligations and liabilities of each Borrower to the Agent and the Banks under this Agreement and all other Loan Documents, including without limitation obligations to pay principal, interest, fees, expenses and other amounts, all Letter of Credit Obligations, and all Hedging Obligations of each Borrower to any of the Banks or their respective affiliates, including without limitation any such obligations that arise after the filing of a petition by or against any Borrower under the Bankruptcy Code, regardless of whether allowed as a claim in the resulting proceeding, even if the obligations do not accrue because of the automatic stay under Bankruptcy Code Section 362 or otherwise; provided, further, that “Obligations” shall exclude all Excluded Swap Obligations. “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any successor thereto. “Organizational Documents” means, for a Person that is (a) a corporation, its articles of incorporation and bylaws, (b) a limited liability company, any articles of formation, membership agreement, member control agreement or equivalent document, (c) limited or general partnership, any partnership agreement, and (d) any other form of entity, the equivalent documents, in each case together with all instruments, documents and agreements filed with any Governmental Authority to establish such legal entity and any material instrument, document or agreement controlling the governance of such Person entered into by such Person. “Other Basic Interest Rate” means, with respect to a Loan in an Alternative Currency other than Euro, Swiss Francs, Yen or Sterling, the rate per annum agreed to by the Borrowers, the Agent and the Banks as applying to such Alternative Currency, which rate may be determined using an interest settlement rate for deposits in such Alternative Currency administered by a body selected by the Agent and agreed to by the Borrowers and the Banks, as such rate appears on the applicable Reuters or other agreed-upon screen (or such other commercially available source providing quotations of such Alternative Currency as may be designated by the Agent and agreed to by the...
Non-Defaulting Bank means, at any time, each Bank that is not a Defaulting Bank at such time. “Non-Increasing Lender” shall have the meaning provided in Section 2.5(d) hereof. “Note” shall mean any Revolving Credit Note, Swing Line Note, or any other note delivered pursuant to this Agreement. “Notice of Loan” shall mean a Notice of Loan in the form of the attached Exhibit C. “Notice of Swing Line Loan Refunding” shall have the meaning provided in Section 2.1B(1) hereof.
Non-Defaulting Bank means, at any time, each Bank that is not a Defaulting Bank at such