Facility Agent Sample Clauses
The Facility Agent clause designates a specific party, often a financial institution, to act as the central coordinator and administrative representative for all lenders involved in a syndicated loan agreement. This agent is responsible for managing communications between the borrower and the lenders, distributing payments, and handling documentation or notices related to the facility. By centralizing these administrative tasks, the clause streamlines the management of the loan, reduces the risk of miscommunication, and ensures that all parties receive consistent information and treatment throughout the life of the agreement.
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Facility Agent. Nedbank Limited (acting through its Nedbank Capital and Nedbank Corporate divisions) ▇▇▇▇▇ ▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Telefax No: (011) 294 6366 Attention: ▇▇▇▇ ▇▇▇▇▇▇
Facility Agent. Unless inconsistent with the context or contrary indication appears, references to the Facility Agent's written consent, approval of or any other similar action, decision or determination in this Agreement shall be to the Facility Agent acting on the instructions of the applicable Senior Term Facility B Lenders in accordance with the terms of the applicable Finance Documents.
Facility Agent. Each of the Class A Revolving Lenders (other than the Class A Revolving Conduit Lenders) in accordance with its Pro Rata Share severally agrees to indemnify the Facility Agent, its Affiliates and their respective officers, partners, directors, trustees, employees and agents (each, an “AA Indemnitee Agent Party”), to the extent that such AA Indemnitee Agent Party shall not have been reimbursed by the Borrower or the Servicer, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such AA Indemnitee Agent Party in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as such AA Indemnitee Agent Party in any way relating to or arising out of this Agreement or the other Credit Documents, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH AA INDEMNITEE AGENT PARTY; provided, no Class A Revolving Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such AA Indemnitee Agent Party’s gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order. If any indemnity furnished to any AA Indemnitee Agent Party for any purpose shall, in the opinion of such AA Indemnitee Agent Party, be insufficient or become impaired, such AA Indemnitee Agent Party may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished.
Facility Agent. While Nedbank is the only Lender under the Facility, all references to the Facility Agent in this Agreement shall be construed as references to Nedbank in its capacity as a Lender.
Facility Agent s management time
Facility Agent. Under the Intercreditor Agreement each Lender has appointed the Facility Agent to act as its facility agent under and in connection with the Finance Documents including, in respect of the Senior Facilities, the disbursement of Loans, the receipt of amounts payable to the Lenders under the Finance Documents, any amendments of, or waivers or consents under, the applicable Finance Documents, the receipt of documents and information required to be delivered to the Lenders under the Finance Documents, the receipt of notices from the Borrower to the Finance Parties (or any of them) under the Finance Documents, and the giving of notices to the Borrower by the Finance Parties (or any of them) under the Finance Documents (together, the Agency Matters).
Facility Agent. On and from the Substitution Date the Facility Agent:
(a) will make all payments received by it in respect of the Substituted Commitments, Substituted Obligations, Substituted Rights and Substituted Portion to the New Financier; and
(b) treat the New Financier as Financier with Commitments equal to the aggregate of the Substituted Commitments and the Commitments of the New Financier immediately before the Substitution Date, if any.
Facility Agent. All the communications relating to this Agreement between the Borrower and the Lenders shall be made through the Facility Agent. Table of Contents
Facility Agent. EXECUTED as a DEED ) for and on behalf of ) ING BANK N.V. ) by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ its duly authorised attorney-in-fact ) in the presence of: )
Facility Agent. To be agreed.