Commitment Banks definition

Commitment Banks at any time means Banks which have Letter of Credit Participating Interest Commitments at such time and "Commitment Bank" means any one of them.
View Source
Commitment Banks shall have the meaning assigned to that term in Section 2.15 hereof.
View Source
Commitment Banks has the meaning specified in Section 2.18(a).
View Source

Examples of Commitment Banks in a sentence

  • Prior to any Non-Extending Bank being replaced by one or more Additional Commitment Banks pursuant hereto, such Non-Extending Bank may elect, in its sole discretion, by giving irrevocable notice thereof to the Administrative Agent and the Borrower (which notice shall set forth such Bank’s new Termination Date), to become an Extending Bank.

  • If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Request.

  • No extension shall become effective unless the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the thirtieth day prior to the Current Expiration Date.

  • The Administrative Agent shall promptly notify each Additional Commitment Bank as to the occurrence of each Additional Commitment Date, and (x) on each such date, the Total Commitment under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments and (y) on each such date, Schedule I shall be deemed modified to reflect the revised Additional Commitments of the affected Additional Commitment Banks.

  • No extension shall become effective unless the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the tenth day prior to the Current Expiration Date.

  • Non-Pro-Rata Reduction in Bank Outstanding Principal Amount and Commitment; Banks' Commitments.

  • The Company shall have the right at any time on or prior to the relevant Extension Effective Date, unless an Event of Default shall have occurred and be continuing, to replace any non-extending Bank with, and otherwise add to this Agreement, one or more Additional Commitment Banks.

  • By: _______________________________ Name: Title: ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ By: _______________________________ Name: Title: WACHOVIA BANK, N.A. By: _______________________________ Name: Title: ANNEX A to REVOLVING CREDIT AND GUARANTY AGREEMENT Dated as of January , 1999 ---------------------------- Commitment Commitment Banks Amount Percentage ----- ------ ---------- The Chase Manhattan Bank ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ $ 26,000,000 26.0000% ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇.

  • Borrower -------- ▇▇▇▇ CORPORATION By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ -------------------- Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Vice President and Treasurer Commitment Banks ---------- ----- $40,000,000 WACHOVIA BANK, N.A. By: /s/ ▇▇▇▇ ▇.

  • No extension shall become effective unless the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Agent on or before the thirtieth day prior to the Current Expiration Date.


More Definitions of Commitment Banks

Commitment Banks means Banc of America Bridge LLC, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Partners L.P., ▇▇▇▇▇▇ Commercial Paper Inc. and ▇▇▇▇▇▇ Brothers Commercial Bank.
View Source
Commitment Banks shall have the meaning assigned to that term in Section 2.20 hereof.
View Source

Related to Commitment Banks

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Facility B Commitment refers collectively to the Facility B-1 Commitment and the Facility B-2 Commitment.

  • Multicurrency Commitment means, with respect to each Multicurrency Lender, the commitment of such Multicurrency Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars and in Agreed Foreign Currencies hereunder, expressed as an amount representing the maximum aggregate amount of such ▇▇▇▇▇▇’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Multicurrency Commitment is set forth on Schedule 1.01(b), or in the Commitment Increase Supplement or Assignment and Assumption pursuant to which such Lender shall have assumed its Multicurrency Commitment, as applicable. The aggregate amount of the Lenders’ Multicurrency Commitments as of the Effective Date is $50,000,000.