Common use of Agent’s Obligations Clause in Contracts

Agent’s Obligations. Upon receipt of a Notice of Drawdown, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 3 contracts

Samples: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

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Agent’s Obligations. Upon receipt of a Notice of DrawdownBorrowing, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders under the applicable Tranche of the proposed date on which such Advance is to take place, of each such Lender's ’s Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's ’s Rateable Portion thereof is to be credited.

Appears in 2 contracts

Samples: Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (Penn West Energy Trust)

Agent’s Obligations. Upon receipt of a Notice of DrawdownBorrowing, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 2 contracts

Samples: Credit Agreement (ENERPLUS Corp), Credit Agreement (Penn West Energy Trust)

Agent’s Obligations. Upon receipt of a Notice of Drawdown, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 2 contracts

Samples: Credit Agreement (Harvest Energy Trust), Credit Agreement (Harvest Energy Trust)

Agent’s Obligations. Upon receipt of a Notice of DrawdownBorrowing, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances)Advance, the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 1 contract

Samples: Term Credit Agreement (ENERPLUS Corp)

Agent’s Obligations. Upon receipt of a Notice of DrawdownBorrowing, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's ’s Rateable Portion of such Advance and and, if applicable, of the account of the Agent to which each such Lender's ’s Rateable Portion thereof is to be credited.

Appears in 1 contract

Samples: Credit Agreement (Protective Products of America, Inc.)

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Agent’s Obligations. Upon receipt of a Notice of Drawdown, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances)) under a Credit Facility, the Agent will forthwith notify the Lenders under such Credit Facility of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

Agent’s Obligations. Upon receipt of a Notice of Drawdown, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances)Advance, the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's Rateable Portion thereof is to be credited.

Appears in 1 contract

Samples: Assignment Agreement (Harvest Operations Corp.)

Agent’s Obligations. Upon receipt of a Notice of DrawdownBorrowing, Notice of Rollover or Notice of Conversion with respect to a proposed Advance (other than by way of Bankers' Acceptances), the Agent will forthwith notify the Lenders of the proposed date on which such Advance is to take place, of each such Lender's ’s Rateable Portion of such Advance and if applicable, of the account of the Agent to which each such Lender's ’s Rateable Portion thereof is to be credited.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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