Applicable Agent Sample Clauses
The 'Applicable Agent' clause defines which agent or representative is authorized to act on behalf of a party within the context of the agreement. It typically specifies the individual or entity empowered to receive notices, make decisions, or perform certain actions as required by the contract. For example, in a real estate transaction, the applicable agent might be the broker responsible for communications and document handling. This clause ensures clarity regarding who has the authority to act, thereby reducing confusion and potential disputes over representation.
Applicable Agent. With respect to the Dollar Facility, the Revolving Credit Loans, the Letters of Credit, the Term Loan or the Dollar Banks, the Dollar Agent; with respect to the Gold Facility, the Consignments, the Gold Loans or the Gold Banks, the Gold Agent.
Applicable Agent. The Administrative Agent, the Australian Agent, the Canadian Agent or the European Agent, as the context requires.
Applicable Agent. The Applicable Borrower shall reimburse the applicable Issuing Lender prior to 12:00 noon (Chicago time in the case of the U.S. Issuing Lender and Toronto time in the case of the Canadian Issuing Lender), on each date that any amount is paid by such Issuing Lender under any Letter of Credit (each such date, an "HONOR DATE"), in an amount equal to the amount so paid by such Issuing Lender. If the Company fails to reimburse the U.S. Issuing Lender for the full amount of any drawing under any Letter of Credit by 12:00 noon (Chicago time) on the Honor Date, the U.S. Issuing Lender will promptly notify the U.S. Agent and the U.S. Agent will promptly notify each U.S. Lender thereof, and the Company shall be deemed to have requested that Base Rate Loans be made by the U.S. Lenders to be disbursed on the Honor Date under such Letter of Credit, subject to the amount of the unutilized portion of the combined U.S. Commitments and subject to the conditions set forth in SECTION 6.2 (other than SUBSECTION 6.2(A)). If Parent fails to reimburse the Canadian Issuing Lender for the full amount of any drawing under any Letter of Credit by 12:00 noon (Toronto time) on the Honor Date, the Canadian Issuing Lender will promptly notify the Canadian Agent and each Canadian Lender thereof, and Parent shall be deemed to have requested that Prime Rate Loans be made by the Canadian Lenders to be disbursed on the Honor Date under such Letter of Credit, subject to the amount of the unutilized portion of the combined Canadian Commitments and subject to the conditions set forth in SECTION 6.2 (other than SUBSECTION 6.2(A)). Any notice given by an Issuing Lender or the Applicable Agent pursuant to this SUBSECTION 4.3(B) may be oral if immediately confirmed in writing (including by facsimile); PROVIDED that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.