Purchasing Bank definition
Examples of Purchasing Bank in a sentence
Promptly after the consummation of any transfer to a Purchasing Bank pursuant hereto, the transferor Bank, the Administrative Agent and the Borrower shall make appropriate arrangements so that a replacement Note (if requested) is issued to such transferor Bank and a new Note (if requested) is issued to such Purchasing Bank, in each case in principal amounts reflecting such transfer and, if applicable, in exchange for the Notes issued to such transferor Bank prior to such assignment.
Such Transfer Supplement shall be deemed to amend this Agreement and Schedule 1 to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Bank as a Bank and the resulting adjustment of the Commitments, if any, arising from the purchase by such Purchasing Bank of all or a portion of the Credit Exposure of such transferor Bank.