Qualifying Bank Creditor definition

Qualifying Bank Creditor means any entity which effectively conducts true banking activities as its principal purpose with its own infrastructure and staff, premises, communication devices of its own and the authority of decision making, and which is recognised as a bank by the banking laws in force in the jurisdiction of its incorporation.
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Qualifying Bank Creditor means a Swiss or foreign bank as specified in the Guidelines.
Sample 1
Qualifying Bank Creditor means a person or entity (including any commercial bank or financial institution (irrespective of its jurisdiction of organisation)) acting on its own account which has a banking licence in force and effect issued in accordance with the banking laws in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch, and which, in both cases, effectively exercises as its main purpose a true banking activity, having bank personnel, premises, communication devices of its own and authority of decision making all in accordance and as defined in the Guidelines or in the legislation and explanatory notes addressing the same issues which are in force at such time.
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Examples of Qualifying Bank Creditor in a sentence

  • In addition to the covenant in Section 9.01 above, if such Obligor is a Swiss Guarantor, it will not, and will not permit any of its Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, whether directly or indirectly, with any non-Obligor unless such non-Obligor is a Qualifying Bank Creditor.

  • Each Original Lender herewith represents that it is a Qualifying Bank Creditor as of the date of this Agreement.


More Definitions of Qualifying Bank Creditor

Qualifying Bank Creditor means (i) any bank as defined in the Swiss Federal Act on Banks and Savings Banks dated November 8, 1934, or (ii) a person or entity which effectively conducts banking activities with its own infrastructure and staff as its principal business purpose and which has a banking license in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch, all and in each case within the meaning of the Swiss Guidelines.
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Related to Qualifying Bank Creditor

  • Qualifying Bank means any legal entity which is recognized as a bank by the banking laws in force in its country of organization and which has as its principal purpose the active conduct of banking business and conducts such banking business through its own personnel (which have decision making authority) and on its own premises.

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).

  • Qualifying Institution means a United States commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof having assets of at least Ten Billion Dollars ($10,000,000,000) (net of reserves) and who satisfies the Credit Requirements.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Treaty Lender means a Lender which:

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Swap Bank means any Lender or an Affiliate of a Lender in its capacity as a party to a Swap Contract entered into after the date of this Agreement.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Continuing Lender as defined in Section 2.17(a).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Bank Levy means the bank levy which is imposed under section 73 of, and schedule 19 to, the Finance Xxx 0000 (the “UK Bank Levy”) and any levy or Tax of an equivalent nature imposed in any jurisdiction in a similar context or for a similar reason to that in and/or which the UK Bank Levy has been imposed by reference to the equity and liability of a financial institution or other person carrying out financial transactions.

  • Identified Qualifying Lenders has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Terminated Lender as defined in Section 2.23.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.