The Facility Agent definition

The Facility Agent s resignation notice shall only take effect upon the appointment of a successor.
Sample 1
The Facility Agent shall promptly notify the relevant Lenders of the details of the requested Utilisation and, in the case of an Advance, the currency and amount of its participation in such Advance. Each Request shall be irrevocable and the Borrower named therein shall be bound to borrow the Advance or accept the issue of the Documentary Credit referred to therein.
Sample 1
The Facility Agent is fully protected if it acts on the instructions of the Majority Lenders in the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Lenders will be binding on all the Lenders. In the absence of instructions, the Facility Agent may act as it considers to be in the best interests of all the Lenders.
Sample 1

Examples of The Facility Agent in a sentence

  • Investment is pledged as collateral for the DB Credit Facility, a revolving credit facility among New Mountain Finance DB, L.L.C as the Borrower and Deutsche Bank AG, New York Branch as the Facility Agent.

  • Each of the Secured Party and the Facility Agent (on behalf of itself and each other Finance Party) agrees that, effective on and from the Discharge Date, the Trustee is unconditionally and irrevocably released and discharged from all obligations to pay and/or repay any Facility Moneys.

  • If the Facility Agent is replaced as facility agent under the Facility Agreement, then the Facility Agent must at the time of such replacement assign, novate or otherwise transfer its rights and obligations under this Deed to the replacement facility agent in a manner reasonably acceptable to the Other Parties.

  • Each Finance Party shall, as soon as practicable after a demand by the Facility Agent, provide a certificate confirming the amount of its Increased Costs.

  • Notwithstanding the foregoing, following an Insolvency Event in respect of a Group Company, the Facility Agent may take the same Enforcement Action as the Bondholder Agent and/or the Bondholders in respect of that Group Company in order to prove its debt in such insolvency.

  • However, the Facility Agent may assume that the sum has been paid to it, and, in reliance on that assumption, make available to that Party a corresponding amount.

  • Similarly, a Lender shall notify the Facility Agent on becoming so aware in respect of a payment payable to that Lender.

  • Legal opinions (a) A legal opinion of Allen & Overy LLP, English legal advisers to the Facility Agent, addressed to the Finance Parties.

  • The Purchase Agent will then enter into a Facility Agency Agreement to appoint the Facility Agent as the sub-purchase agent (in such capacity, the “Sub-Purchase Agent”) for the purchase and sale of Commodities under the Subordinated Sukuk Murabahah Programme.

  • Once the request for termination of listing or enrollment has been approved, the Issuer shall pay the applicable fee and send to all holders on record and the Facility Agent of the Securities written notice of the termination of listing or enrollment.


More Definitions of The Facility Agent

The Facility Agent shall make such funds available to the Borrower by crediting the principal amount of such Loans to the Operating Account. No Lender's obligation to make any Loan as aforesaid shall be affected by any other Lender's failure to make any other Loan.
Sample 1
The Facility Agent. The Security Agent: DNB Bank ASA DNB Bank ASA By: /s/ Xxx X. Xxxxx By: /s/ Xxx X. Xxxxx Name: Xxx X. Xxxxx Name: Xxx X. Xxxxx Title: SVP Title: SVP The Lenders: DNB Bank ASA By: /s/ Xxx X. Xxxxx Name: Xxx X. Xxxxx Title: SVP The Mandated Lead Arrangers The Bookrunner DNB Markets DNB Markets By: /s/ Xxx X. Xxxxx By: /s/ Xxx X. Xxxxx Name: Xxx X. Xxxxx Name: Xxx X. Xxxxx Title: SVP Title: SVP Nordea Bank Norge ASA By: /s/ Xxxxxxxx Xxxx Name: Xxxxxxxx Xxxx Title: RM Title: Swedbank AB (publ) By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Director
Sample 1
The Facility Agent shall without undue delay inform the Lenders and the Borrower of the Interest Rate it has determined for each Interest Period and the interest payable in relation to each Advance. Each determination of the Interest Rate by the Facility Agent hereunder shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Lenders, it being understood that the Facility Agent has no discretion in making the determinations pursuant to this Article 9.
Sample 1
The Facility Agent. The Security Agent: DNB Bank ASA BND Bank ASA By: /s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: Attorney in Fact Title: Attorney in Fact The Facility Agent: DNB Bank ASA By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: Attorney in Fact The Mandated Lead Arrangers The Bookrunner DNB Markets DNB Markets By: /s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: Attorney in Fact Title: Attorney in Fact #6315462/1 9 (16) Nordea Bank Norge ASA By: /s/ Mikkel Xxxxxxx Xxxx By: /s/ Xxxxxxxx Xxxx Name: Mikkel Xxxxxxx Xxxx Name: Xxxxxxxx Xxxx Title: Senior Vice President Title: Relationship Manager Corporate & Institutional Banking Corporate & Institutional Banking Nordea Bank Norge ASA Nordea Bank Norge ASA Swedbank AB (publ) By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Director Structured Finance Swedbank #0000000/1 10 (16) SCHEDULE 1 Conditions Precedent
Sample 1
The Facility Agent shall be to “the Lender” and with any other necessary consequential modifications, as such provisions may be amended upon review by the Facility Agent in accordance with the last paragraph of clause 8.4.4.
Sample 1

Related to The Facility Agent

  • Facility Agent has the meaning set forth in the Preamble.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Exit Facility Agent means the agent under the Exit Facility.

  • Required Facility Lenders means, as of any date of determination, with respect to one or more Facilities, Lenders having more than 50% of the sum of (a) the Total Outstandings under such Facility or Facilities and (b) the aggregate unused Commitments under such Facility or Facilities; provided that the unused Commitments of, and the portion of the Total Outstandings under such Facility or Facilities held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Facility Lenders.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Administrative Agent Fee Letter means that certain fee letter, dated as of the date hereof, by and among the Administrative Agent and the Borrower.

  • Margin Loan Provider means the Initial Margin Loan Provider, subject to replacement by a replacement Margin Loan Provider, and any of their respective successors.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Administrative Agent’s Fee Letter means that certain Administrative Agent’s Fee Letter dated as of January 13, 2010 by and among the Administrative Agent, International Paper and Borrower, as the same may be amended, restated or otherwise modified from time to time.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.