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. EXECUTED as a DEED ) for and on behalf of ) ING BANK N.V. ) by ) /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ its duly authorised attorney-in-fact ) Procurador / Attorney in Fact in the presence of: ) /s/ ▇▇▇▇ de Cássia de ▇. ▇▇▇▇▇▇▇▇▇
Facility Agent. (i) The Facility Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to the Class A Revolving ▇▇▇▇▇▇ and the Borrower. Upon any such notice of resignation, Requisite Class A Revolving Lenders shall have the right, upon five (5) Business Days’ notice to the Borrower, to appoint a successor Facility Agent provided, that the appointment of a successor Facility Agent shall require the Class B Agent’s approval which shall not be unreasonably withheld or delayed and (so long as no Default or Event of Default has occurred and is continuing) the Borrower’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. Upon the acceptance of any appointment as Facility Agent hereunder by a successor Facility Agent, that successor Facility Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Facility Agent and the retiring Facility Agent shall promptly (i) transfer to such successor Facility Agent all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Facility Agent under the Credit Documents, and (ii) take such other actions, as may be necessary or appropriate in connection with the appointment of such successor Facility Agent, whereupon such retiring Facility Agent shall be discharged from its duties and obligations hereunder. After any retiring Facility Agent’s resignation hereunder as Facility Agent, the provisions of this 0 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Facility Agent hereunder. If the Facility Agent is a Class A Revolving Lender or an Affiliate thereof on the date on which the Revolving Commitment Termination Date shall have occurred and all Class A Revolving Loans and all other Obligations owing to the Class A Revolving Lenders have been paid in full in Cash, such Facility Agent shall provide immediate notice of resignation to the Borrower, and the Requisite Class B Lenders shall have the right, upon five (5) Business Days’ notice to the Borrower, to appoint a successor Facility Agent; provided, that the appointment of any successor Facility Agent that is not a Class B Revolving Lender or an Affiliate thereof shall require (so long as no Default or Event of Default has occurred and is continuing) the Borrower’s approval, which approval shall not be unreasonably withheld, delayed or conditioned.
(ii) Notwithstand...
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 communications between the Lenders and the Borrower in relation to this Agreement shall be made through the Facility Agent.
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. Signed by