Examples of Ancillary Bank in a sentence
Each Nominated Affiliate shall upon the Delivery Date acquire such rights and assume such obligations under the Senior Finance Documents (including without limitation to be a Secured Beneficiary as defined therein) to and against the parties hereto as if it were an Ancillary Bank at the date of this Agreement.
Ancillary Bank set off rights Advised re set off rights (pre and post insolvency) where there is a syndicated loan, intercreditor agreement, flawed asset account, debenture and set-off and netting agreement.
Any decision which will affect the rights or obligation of any Ancillary Bank will require its consent also subject as specifically provided otherwise in the Senior Finance Documents.
From the date of delivery of any executed Nominee Notice (the "Delivery Date") by a Nominating Bank in respect of a nominated Affiliate such Nominated Affiliate shall become an Ancillary Bank for the purposes of this Agreement and in particular this Clause 7.
FACILITY Subject to Clause 8.2 (REQUEST FOR ANCILLARY FACILITY) and Clause 8.3 (THE ANCILLARY BANK) above, the terms governing any Ancillary Facility shall be those determined by agreement between the Ancillary Bank and the Borrower concerned, PROVIDED THAT such terms are based upon commercial terms standard in the relevant market.
The Ancillary Commitment of each Ancillary Bank shall terminate no later than the Termination Date in relation to the Revolving Facility.
Any such cancellation shall reduce each Bank's Revolving Commitment on a pro rata basis (ignoring for this purpose any reduction in the Revolving Commitment of an Ancillary Bank by reason of an Ancillary Limit).
If the first Term Advance shall not have been made under this Agreement on or prior to the last Business Day of the Availability Period for the Term Facilities the Facilities shall be cancelled and the Senior Finance Parties shall be under no further obligation to permit Drawings under this Agreement and no Ancillary Bank shall be under any obligation to the Borrowers under any Ancillary Documents.
No amendment or waiver of a term of an Ancillary Facility shall require the consent of any Bank other than the relevant Ancillary Bank unless such amendment or waiver itself relates to or gives rise to a matter which would require an amendment or waiver of or under this Agreement (including, for the avoidance of doubt, under this Section 2.04) in which case the provisions of this Agreement with regard to amendments and waivers will apply.
The Seller shall cause the Company to (i) take all actions necessary to continue the listing and trading of its ADSs on the NYSE and shall materially comply with the Company’s reporting, filing and other obligations under the rules of the NYSE, in each case, through the Closings, and (ii) at the Company’s own cost file with the NYSE a supplemental listing application in respect of the Sale I Shares.