ADMINISTRATIVE AGENT AND LENDER Sample Clauses
The "Administrative Agent and Lender" clause defines the roles and responsibilities of the administrative agent and the lenders in a loan agreement. Typically, the administrative agent acts as an intermediary between the borrower and the group of lenders, handling communications, payments, and the administration of the loan, while the lenders provide the actual funding. This clause clarifies the authority of the administrative agent to act on behalf of the lenders and outlines the scope of its duties. Its core function is to ensure efficient management of the loan process and to delineate responsibilities, thereby reducing confusion and streamlining interactions among the parties involved.
ADMINISTRATIVE AGENT AND LENDER. The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.
ADMINISTRATIVE AGENT AND LENDER. COBANK, ACB,
ADMINISTRATIVE AGENT AND LENDER. ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, successor-by-merger to Wachovia Bank, National Association, as Administrative Agent and a Lender
ADMINISTRATIVE AGENT AND LENDER. Authorization This Forbearance Agreement and Amendment has been duly authorized, executed and delivered by the Administrative Agent and each of the undersigned Lenders and constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law) and an implied covenant of good faith and fair dealing. The undersigned Lenders constitute the Required Lenders and Required Revolving Credit Lenders under the Credit Agreement.
ADMINISTRATIVE AGENT AND LENDER. THE HUNTINGTON NATIONAL BANK,
ADMINISTRATIVE AGENT AND LENDER. UMB BANK, N.A., as a Lender and as Administrative Agent By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Senior Vice President Contact: UMB Bank, N.A. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
ADMINISTRATIVE AGENT AND LENDER. BANK OF MONTREAL, as Administrative Agent and a Lender By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Managing Director By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Senior Vice President By: /s/ ▇▇▇▇▇ ▇▇▇ Name: ▇▇▇▇▇ ▇▇▇ Title: Authorized Signatory By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Portfolio Manager By: /s/ Sydney ▇. ▇▇▇▇▇▇ Name: Sydney ▇. ▇▇▇▇▇▇ Title: Director By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Assistant Vice President LENDER: SunTrust Bank By: /s/ Arize Agumadu Name: Arize Agumadu Title: Vice President
ADMINISTRATIVE AGENT AND LENDER. GE BUSINESS FINANCIAL SERVICES, INC., as Administrative Agent and as a Lender By: /s/▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Authorized Signatory
ADMINISTRATIVE AGENT AND LENDER. 9.1. Subject to the terms and conditions of this Article IX, each of the Lenders hereby appoints and authorizes Administrative Agent to enter into each of the Loan Documents to which it is a party for the benefit of the Lenders (other than this Agreement) on its behalf and to take such actions and exercise the powers of the Lenders under the Loan Documents as are delegated to Administrative Agent by the terms of this Article IX, together with all such powers as are reasonably incidental thereto. Administrative Agent shall at all times act in accordance with the Accepted Servicing Practices (as hereinafter defined). Subject to the terms of this Article IX and to the terms of the Loan Documents, Administrative Agent is authorized and empowered to amend, modify, or waive any provisions of this Agreement or the Loan Documents on behalf of the Lenders. The provisions of this Article IX are solely for the benefit of Administrative Agent and the Lenders and Borrower shall not have any rights as a third party beneficiary of any of the provisions hereof. In performing its functions and duties under this Agreement, Administrative Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the Borrower or any other Person. Administrative Agent may perform any of its duties hereunder, or under the Loan Documents, by or through its agents or employees.
9.2. Administrative Agent shall have the same rights and powers under the Loan Documents as the Lenders and may exercise or refrain from exercising the same as though it were not Administrative Agent subject to direction of the Lenders, and Administrative Agent and its Affiliates may lend money to, invest in and generally engage in any kind of business with Borrower or an Affiliate thereof as if it were not Administrative Agent hereunder.
9.3. Subject to the standard of care set forth in Section 9.13(a), the duties of Administrative Agent shall be mechanical and administrative in nature. Neither the Administrative Agent nor the Lenders shall have by reason of this Agreement a fiduciary relationship in respect of any Lender. Nothing in this Agreement or any of the Loan Documents is intended to or shall be construed to impose upon Administrative Agent any obligations in respect of this Agreement or any of the Loan Documents except as expressly set forth herein or therein. It is expressly acknowledged and agre...
ADMINISTRATIVE AGENT AND LENDER. BANK OF AMERICA, N.A.,