Non-Qualifying Bank definition

Non-Qualifying Bank means any person who does not qualify as a Qualifying Bank.

Non-Qualifying Bank as defined in subsection 2.17(e).

Non-Qualifying Bank means any bank or trust company, other than an Acceptable Bank, which has capital, surplus and undivided profits aggregating at least $100,000,000 (or the equivalent in a foreign currency).

Examples of Non-Qualifying Bank in a sentence

• September 1986).‘‘Qualifying Lender’’ means a Loan Noteholder which is a Qualifying Bank or the Permitted Non-Qualifying Bank Lender.‘‘Relevant Date’’ means whichever is the later of the date on which the payment in question first becomes due and, if the full amount payable has not been received by the Principal Paying Agenton or prior to that due date, the date on which notice of receipt of the full amount has been given to the Loan Noteholders in accordance with Condition 14.

• Such Assignment and Acceptance shall indicate whether the assignee is a Qualifying Bank or Non-Qualifying Bank as of such date.

• Each Obligor shall at all times comply with all Swiss Tax Non-Bank Rules other than the Swiss Tax Ten Non-Qualifying Bank Creditor Rule provided that no Obligor shall be in breach of this undertaking if the relevant number of creditors is exceeded solely by reason of a breach by one or more Lenders of Clause 24.1 (Transfers by the Lenders) or Clause 24.2 (Conditions of transfer).

• IHS Global S.A. is in compliance with the Non-Qualifying Bank Creditor Rules.

• Status.Each Lender hereunder confirms as of the date hereof that it is a Swiss Qualifying Bank or counts as (only) one Swiss Permitted Non-Qualifying Bank.

• Each Lender which becomes a party to this Agreement after the date of this Agreement shall indicate, in the Assignment and Assumption or the New Lender Supplement whether it is a Swiss Qualifying Bank or a Swiss Permitted Non-Qualifying Bank.

• Each Lender will confirm to the Borrower on the date on which it becomes a party to this Agreement in its capacity as such whether it is a Qualifying Bank or a Non-Qualifying Bank and each Initial Lender represents and confirms on the date of this Agreement that it is a Qualifying Bank.

• If a Lender does not declare its status as a Swiss Qualifying Bank or a Swiss Permitted Non-Qualifying Bank or declares its status in that regard to be unknown, such Lender shall be treated as a Lender which is not a Swiss Qualifying Bank or a Swiss Permitted Non-Qualifying Bank.

• Without limiting the foregoing, if at any time ACE reasonably believes that the Bank’s status for Swiss Withholding Tax purposes has changed, then ACE may request that the Bank (and the Bank agrees that under such circumstances it will) promptly confirm whether it is a Qualifying Bank or a Non-Qualifying Bank.

• IHS Global S.A. shall at all time ensure that it is in compliance with the Non-Qualifying Bank Creditor Rules.

More Definitions of Non-Qualifying Bank

Non-Qualifying Bank means any person or legal entity that is not a Qualifying Bank.

Non-Qualifying Bank means a person or entity which is not a Qualifying Bank. “Non-U.S. Lender” means a Lender that is not a U.S. Person. “Notice of Account Designation” has the meaning assigned thereto in Section 2.03(b). “NPL” means the National Priorities List under CERCLA. “Obligations” means (a) the Loan Document Obligations, (b) the Designated Cash Management Obligations and (c) the Designated Swap Obligations, excluding, with respect to any Subsidiary Guarantor, Excluded Swap Obligations with respect to such Subsidiary Guarantor.

Non-Qualifying Bank means any Person who does not qualify as a Qualifying Bank. “Non-Refundable Portion” has the meaning given such term in Section 2.12(i).

Non-Qualifying Bank means any person which does not qualify as a Qualifying Bank. “Note” means a Term Note or a Revolving Credit Note, as the context may require. “NPL” means the National Priorities List under CERCLA.

Non-Qualifying Bank is defined in Section 10.10.