Operating Banks definition

Operating Banks means the Lenders listed on Annex 1 to the Operating Bank Guaranty and other Lenders at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts.
Sample 1Sample 2Sample 3
Operating Banks means (i) the Lenders (and their Affiliates or financing institutions that were Lenders) listed on Annex 1 to the Operating Bank Guaranty (as updated from time to time), (ii) other Lenders (and their Affiliates or financing institutions that were Lenders) at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts and (iii) JPMorgan Chase Bank, N.A.
Sample 1
Operating Banks means (i) the Lenders (and their Affiliates or financing institutions that were Lenders) listed on Annex 1 to the Operating Bank Guaranty (as updated from time to time), (ii) other Lenders (and their Affiliates or financing institutions that were Lenders) at which Borrower or any of its Subsidiaries may from time to time establish Demand Deposit Accounts, (iii) JPMorgan Chase Bank, N.A. and (iv) J.X. Xxxxxx Securities, Inc.
Sample 1

Examples of Operating Banks in a sentence

  • Each Lender acknowledges that the Collateral Agent is acting on behalf of the Lenders (and their Affiliates), the Issuing Lenders, the Loan Agents and the Operating Banks.

  • To include as part of his scheduling of the Work that a maximum weather related delay calendar days as specified per IFB for which additional time extension or additional monies cannot be listed or plead, beyond Substantial and/or Final Completion dates.

  • National bank of Ukraine, Resolution On Bringing The Authorized Capital Of Operating Banks In Compliance With The Requirements Of Minimum Amount,<http://www.bank.gov.ua/doccatalog/document?id=10315035> (06.08.2015).

  • The Senior Secured Lenders, Interest Rate Hedging Counterparties and the Operating Banks shall receive (effective as of the Petition Date) first priority perfected liens (the “First Priority Real Estate Liens”) on all of the Debtors’ rights in the Unencumbered Leases in the same relative priority as the Prepetition Liens.

  • Without prejudice to the rights of any other party, the Debtors acknowledge and agree that in connection with the second waiver, dated September 23, 2008 (the “ Second Waiver”), the Agent, on behalf of the Senior Secured Lenders, Interest Rate Hedging Counterparties and Operating Banks (the “Senior Secured Parties”) was granted security interests in approximately 53 leasehold and fee-owned property interests (the “Encumbered Leases”).

  • There are two parts of the database, the first part contains the rele- vant information starting from 1994, which is directly available for download from the FDIC’s webpage;9 the second part the data before 1994, which is extracted from the digitized copies of the Databook – Operating Banks and Branches that’s available from Hathitrust online library.

  • Each Lender acknowledges that the Collateral Agent is acting on behalf of the Lenders (and their Affiliates), the Issuing Lenders, the Agent and the Operating Banks.

  • Operating Banks provide all banking services known in the world, offering; current and futures accounts in different currencies, provide loans and remittances, documentary credits and bank guarantees, Islamic banking services, banking online services, and other services.

  • In the UK, Hong Kong and the US, where Global Business Managed Services are shared between different Operating Banks, they have been (or will be) transferred from the respective Operating Bank to a ServCo entity.

  • For so long as Health & Tennis (UK) Limited is a Subsidiary, permit Health & Tennis (UK) Limited to own assets with a value in excess of $100,000 unless, prior to owning such assets, 65% of the Capital Stock of Health & Tennis (UK) Limited is pledged to the Collateral Agent for the benefit of the Lenders and the Operating Banks pursuant to documentation reasonably acceptable to the Collateral Agent.

Related to Operating Banks

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • Issuing Lenders means all such Persons, collectively.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.

  • Banks shall include the Agent in its individual capacity.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Continuing Lenders as defined in the recitals hereto.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Requisite Lenders means Lenders having or holding more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders.

  • Construction Lender means a person who makes a construction loan.

  • Borrower as defined in the preamble hereto.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.