Terminating Banks definition

Terminating Banks as defined in subsection 2.4(b).
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Terminating Banks. (the "Terminating Banks") and JPMorgan Chase Bank (formerly The Chase Manhattan Bank), as Agent (the "Agent"). In consideration of the mutual covenants contained herein, the Company, the Agent and the Banks agree as set forth herein.
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Terminating Banks means The Fuji Bank, Ltd., First Interstate Bank of Arizona, N.A. and Bank of America National Trust and Savings Association.
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Examples of Terminating Banks in a sentence

  • Upon such date, the Company shall pay to the Terminating Banks their Pro Rata Shares of the interest accrued on the Existing Advances.

  • The Existing Advances shall remain outstanding until the end of their respective Interest Periods and shall be repaid with accrued interest to those banks who are "Banks" under the First Restated Agreement in accordance with their Pro Rata Shares as provided therein, except that the Pro Rata Shares of the Terminating Banks shall be paid to The Huntington National Bank.

  • The signatures of the undersigned Terminating Banks shall be effective when, and only when, the Agent receives for their account payment of all principal of and accrued interest on their respective loans outstanding under the Existing Credit Agreement on the Effective Date.

  • The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower for (i) payment of the obligations held by the Terminating Banks under the Prior Credit Agreement, (ii) working capital purposes, (iii) capital expenditures including revenue equipment financing, (iv) general corporate purposes, including non-hostile acquisitions.

  • On the effective date of any such termination, the Borrower may either pay to the terminating Bank (the "Terminating Bank") all amounts due and owing to the Terminating Bank under this Agreement including all amounts due pursuant to Section 2.24 in connection with the prepayment of A Loans, or find a Bank or other financial institution acceptable to the Banks which would be willing to assume the Terminating Bank's A Commitment.

  • Vents, ducts, and similar openings shall be constructed to the same standards as those used for a shipboard SCIF.

  • If, in the aggregate, any of the Remaining Banks elect to increase their Commitments by an amount in excess of the aggregate Commitments of the Terminating Banks, then the Commitment of each such Bank shall be increased pro rata on the relative basis of the amount of increase it so elected such that the aggregate amount of all such increases shall be equal to the aggregate Commitments of the Terminating Banks.

  • Upon the execution and delivery of this Agreement, The Huntington National Bank, individually, shall disburse, as part of its commitment hereunder, such funds as may be necessary to purchase the Pro Rata Shares of The First National Bank of Chicago and Corestates, National Association (the "Terminating Banks") of the principal portion of the Advances outstanding on such date under the First Restated Agreement (the "Existing Advances").


More Definitions of Terminating Banks

Terminating Banks has the meaning set forth in the recitals hereto.
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Related to Terminating Banks

  • Terminated Lender as defined in Section 2.22.

  • Continuing Lenders as defined in the recitals hereto.

  • Exiting Lender see Section 2.17.7.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

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

  • Issuing Lenders means all such Persons, collectively.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Defaulting Bank means, at any time, subject to Section 2.18(d), (i) any Bank that has failed for two or more consecutive Business Days to comply with its obligations under this Agreement to make available its ratable portion of a Borrowing (each, a “funding obligation”), unless such Bank has notified the Agent and a Borrower in writing that such failure is the result of such Bank’s determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing), (ii) any Bank that has notified the Agent or a Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations hereunder, unless such writing or statement states that such position is based on such Bank’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (iii) any Bank that has, for three or more Business Days after written request of the Agent or a Borrower, failed to confirm in writing to the Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Bank shall cease to be a Defaulting Bank pursuant to this clause (iii) upon the Agent’s and the Borrowers’ receipt of such written confirmation), (iv) any Bank with respect to which a Bank Insolvency Event has occurred and is continuing with respect to such Bank or its Parent Company, or (v) any Bank that has become the subject of a Bail-In Action; provided that a Bank shall not be a Defaulting Bank solely by virtue of the ownership or acquisition of any equity interest in such Bank or its Parent Company by a Governmental Authority or an instrumentality thereof. Any determination by the Agent that a Bank is a Defaulting Bank under any of clauses (i) through (v) above will be conclusive and binding absent manifest error, and such Bank will be deemed to be a Defaulting Bank (subject to Section 2.18(d)) upon notification of such determination by the Agent to the Borrowers and the Banks. The Agent will promptly send to all parties hereto a copy of any notice to the Borrowers provided for in this definition.

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

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

  • Extending Lenders has the meaning specified in Section 2.08.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

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

  • Revolving Loan Commitment Termination Date means the earliest of

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • 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.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Expiring Credit Commitment has the meaning set forth in Section 2.04(g).

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.