Agent Subsidiary definition

Agent Subsidiary means a Subsidiary that (i) does not engage in any business or business activity other than acting as agent or administrative agent with respect to Portfolio Investments that are Bank Loans (or an analogous agency capacity under any note purchase agreements with respect to any Mezzanine Investment), all or a portion of which are held by the Borrower or its Affiliates, (ii) holds no material assets other than funds held in its agency capacity in an Agency Account and (iii) the aggregate amount of new Investments made by an Obligor in such Subsidiary after the Amendment No. 2 Effective Date does not exceed $1,000,000 (which, for the avoidance of doubt, shall not include any funds deposited into or otherwise held in its agency capacity in an Agency Account).
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Agent Subsidiary means a Subsidiary that (i) does not engage in any business or business activity other than acting as agent or administrative agent with respect to Portfolio Investments that are Bank Loans (or an analogous agency capacity under any note purchase agreements with respect to any Mezzanine Investment), all or a portion of which are held by the Borrower or its Affiliates, (ii) holds no material assets other than funds held in its agency capacity in an Agency Account and (iii) the aggregate amount of new Investments made by an Obligor in such Subsidiary after July 24, 2019 does not exceed $1,000,000 (which, for the avoidance of doubt, shall not include any funds deposited into or otherwise held in its agency capacity in an Agency Account).
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Examples of Agent Subsidiary in a sentence

  • If such amount is not made available to Agent on the Business Day following the Funding Date, Agent will notify Subsidiary Borrower of such failure to fund and, upon demand by Agent, Subsidiary Borrower shall pay such amount to Agent for Agent's account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Advances composing such Borrowing.

  • The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other UK Loan Documents or any direct rights as to the other Lenders, Agent, Subsidiary Borrower, the Collections, the Collateral, or otherwise in respect of the Obligations.

  • Promptly upon the request of Agent, Subsidiary Guarantor shall deliver to Agent complete and correct copies of each Related Contract.

  • The Company has filed and made available to Buyer in the Data Room, in the form as filed, a true and complete copy of each Transfer Agent Subsidiary's form registering such Transfer Agent Subsidiary as a transfer agent with the SEC (a "Form TA-1") that is effective as of the date hereof.

  • EXECUTED as a deed by [Obligor’s Agent] [Subsidiary] * Only include if relevant.

  • At the request of Administrative Agent, any Client or any Media Production Vendor, Company shall establish a BSH Agent Subsidiary, such BSH Agent Subsidiary to be subject to the provisions contained in this Agreement.

  • Borrower shall execute and deliver, and cause each Subsidiary, that is not an Excluded Subsidiary, to execute and deliver, to Agent Subsidiary Pledge Documents pertaining to the outstanding stock or other equity interest of each Subsidiary.

  • Notwithstanding any provision contained in this Agreement or in any of the other Loan Documents, no BSH Agent Subsidiary shall be required to grant to Administrative Agent a Lien in its personal and mixed property assets nor shall such BSH Agent Subsidiary be required to guaranty the Obligations.

  • Each of the undersigned, as a Borrower or Subsidiary Borrower under the Credit Agreement and the other Loan Documents referred to in the foregoing Joinder Agreement, or as a guarantor under the Guaranty , hereby acknowledges that by the execution, delivery and performance of the Joinder Agreement by Subsidiary and the Agent, Subsidiary has become a Subsidiary Borrower and a Loan Party under the Loan Documents.

  • Upon acceptance of this Joinder by the Administrative Agent, Subsidiary shall be entitled to all of the benefits of a Guarantor under the 1 To be the Security Agreement applicable to Guarantors organized in the same jurisdiction as Subsidiary.