Administrative Agents Clause Samples
The "Administrative Agents" clause designates one or more parties to act as intermediaries or coordinators in the administration of a contract, typically in financial or syndicated loan agreements. These agents are responsible for managing communications between the parties, processing payments, maintaining records, and ensuring that the terms of the agreement are followed. By centralizing administrative tasks, this clause streamlines operations, reduces confusion, and ensures that all parties have a clear point of contact for contract-related matters.
Administrative Agents. Each Lender, Agent, Issuing Bank and any other party hereto agree that (i) the Term Loan B Administrative Agent shall be the administrative agent with respect to the Term B Loans and the Term B Lenders and shall exercise such duties, rights and responsibilities set forth herein applicable to the Term B Loans and the Term B Lenders and (ii) the Term Loan A/Revolver Administrative Agent shall be the administrative agent with respect to the Revolving Loans, Revolving Commitments, Revolving Lenders, Swingline Loans, Swingline Lenders, Letters of Credit, LC Disbursements and Issuing Banks and shall exercise such duties, rights and responsibilities set forth herein applicable to the Revolving Loans, Revolving Commitments, Revolving Lenders, Swingline Loans, Swingline Lenders, Letters of Credit, LC Disbursements and Issuing Banks. References to “applicable” Administrative Agent shall mean, when referring to a Term B Loan or a Term B Lender, the Term Loan B Administrative Agent and when referring to the Revolving Loans, Revolving Commitments, Revolving Lenders, Swingline Loans, Swingline Lenders, Letters of Credit, LC Disbursements or Issuing Banks, the Term Loan A/Revolver Administrative Agent.
Administrative Agents. Each of the Lenders and the Fronting Bank irrevocably authorizes the Administrative Agents (and for purposes of this Article VIII, the term "
Administrative Agents. The Administrative Agent may employ agents and attorneys-in-fact in connection herewith and shall not be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by it in good faith.
Administrative Agents. 01Appointment. Each Lender (and, if applicable, each other Secured Creditor) hereby appoints Chicago Atlantic as its Administrative Agent under and for purposes of each Loan Document, and hereby authorizes Administrative Agent to act on behalf of such Lender (or if applicable, each other Secured Creditor) under each Loan Document, and, in the absence of other written instructions from the Lenders pursuant to the terms of the Loan Documents received from time to time by Administrative Agent, to exercise such powers hereunder and thereunder as are specifically delegated to or required of Administrative Agent by the terms hereof and thereof, together with such powers as may be incidental thereto. Each Lender (and, if applicable, each other Secured Creditor) hereby designates and appoints Administrative Agent as the agent of such Lender. Notwithstanding any provision to the contrary elsewhere in this Agreement, Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender or other Secured Creditor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against Administrative Agent. Anything contained in any of the Loan Documents to the contrary notwithstanding, each Obligor, Administrative Agent and each Secured Creditor hereby agree that (i) no Secured Creditor shall have any right individually to realize upon any of the Collateral or to enforce the Security Agreement or any other Security Documents, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of the Secured Creditors in accordance with the terms hereof, and all powers, rights and remedies under the Security Documents may be exercised solely by Administrative Agent, and (ii) in the event of a foreclosure by Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and Administrative Agent, as agent for and representative of the Secured Creditors (but not any Lender or Lenders in its or their respective individual capacities unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and m...
Administrative Agents. UCC-1 filing position as secured party of record, but solely with respect to such Wholly-Owned Purchased Receivables.
Administrative Agents. Each Purchaser, each Agent and each Participant, Indemnitee and Support Party by accepting the benefits of this Agreement hereby acknowledges the provisions of the 2011-A Indenture Supplement and, in particular, Article IX thereof, and agrees to be bound thereby.
Administrative Agents. No failure or delay on the part of the Agent, any Lender or the holder of any Note in exercising any power or right under this Agreement or any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on the Borrower in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by the Agent, any Lender or the holder of any Note under this Agreement or any other Loan Document shall, except as may be otherwise stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval hereunder shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder.
Administrative Agents. Certificates A certificate of the Administrative Agent as to the amount at any time due from the Borrower or the Parent hereunder or the amount which, but for any of the obligations of such Borrower hereunder being or becoming void, voidable, unenforceable or ineffective, at any time would have been due from the Borrower hereunder shall, in the absence of manifest error, be conclusive for the purposes of Clause 19 (Guarantee and Indemnity).
Administrative Agents. General Electric Capital Corporation, as the U.S. Administrative Agent under the Credit Agreement and GE Canada Finance Holding Company, as the Canadian Administrative Agent under the Credit Agreement
Administrative Agents. “Know Your Customer” Requirements. Each Lender shall promptly, upon the request of the Administrative Agent, provide such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to carry out and be satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Loan Documents.