Administrative Party definition

Administrative Party means an Arranger or the Facility Agent.

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Administrative Party means a Mandated Lead Arranger or the Facility Agent.

Administrative Party means the Arrangers or the Facility Agent. Affiliate means a Subsidiary or a Holding Company of a person or any other Subsidiary of that Holding Company.

Examples of Administrative Party in a sentence

Without limiting the liability of any Obligor under the Finance Documents, each Bank shall forthwith on demand indemnify each Administrative Party for its proportion of any cost, liability or loss incurred by that Administrative Party in any way relating to or arising out of its acting as an Administrative Party, except to the extent that the liability or loss arises directly from that Administrative Party's negligence or wilful misconduct.
Each Administrative Party shall promptly forward to the person concerned the original or a copy of any document which is delivered to that Administrative Party by a Party for that person.
For the avoidance of doubt, this shall not prevent any person taking the benefit of this Agreement in accordance with the provisions of Clause 7.5 (Changes to Borrowers), Clause 18.7.2 (Exoneration), Clause 24 18.16 (Resignation of an Administrative Party), Clause 25.2 (Transfers by ▇▇▇▇▇) and Clause 25.6 (Additional Borrowers).
However, if an Administrative Party receives notice from a Party referring to this Agreement, describing the Default and stating that the event is a Default, it shall promptly notify the Banks.
Each Administrative Party may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days prior to the relevant payment.

More Definitions of Administrative Party

Administrative Party means each of the Agent, the Arranger and the Security Trustee.

Administrative Party means the Facility Agent or the Security Trustee.

Administrative Party means each of the Mandated Lead Arrangers, the Account Bank, the Facility Agent, the Security Agent and each of the Coordinating Banks.

Administrative Party means the Borrower Security Trustee, the Borrower Account Bank, the Issuer Account Bank, the Borrower Cash Manager, any Agent or any Facility Agent.

Administrative Party means any Mandated Lead Arranger and Bookrunner, any Lead Arranger and any Agent. Adviser means the Technical Adviser, the Insurance Adviser or any other adviser appointed under this Agreement. Affiliate means, in relation to any person, any other person that, directly or indirectly, controls, is controlled by or is under common control with such person; and for purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control with”) of a person shall mean the possession, direct or indirect, of the power to vote more than 50% of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of such person or to direct or cause the direction of the management and policies of such person, whether through the ownership of such securities, by contract or otherwise.

Administrative Party means each of the Agent, the MLABs and the Security Agent.

Administrative Party means each of the Information Agent and the CRV Trustee;