The Notes Agent Sample Clauses
The "Notes Agent" clause designates a specific party to act as an intermediary or representative for all noteholders in relation to the administration and management of the notes issued under an agreement. Typically, this agent is responsible for communicating with the issuer on behalf of the noteholders, handling administrative tasks such as collecting payments, distributing funds, and enforcing rights or remedies if necessary. By centralizing these functions, the clause streamlines communication and decision-making, ensuring efficient management of the notes and reducing the administrative burden on individual noteholders.
The Notes Agent. The Majority Purchasers and each Purchaser party hereto hereby directs the Notes Agent (i) to execute and enter into this Amendment and (ii) to execute and deliver the written consent to Amendment No. 4 to the Trade Receivables Repayment Agreement dated as of January 13, 2021 (set forth on Attachment 2 hereto).
The Notes Agent