Applicable Facility Agent definition
Examples of Applicable Facility Agent in a sentence
Promptly following receipt of any such notice, the Applicable Facility Agent shall advise the Lenders of the applicable Class of the contents thereof.
Each Lender agrees promptly to notify the Applicable Borrower, the Global Agent and the Applicable Facility Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application.
The Applicable Facility Agent will promptly provide written notice of any such request to the other Facility Agents, who shall promptly provide notice thereof to the Lenders in their respective Facilities.
Upon the acceptance of any appointment as Global Agent or Applicable Facility Agent hereunder by a successor, such successor shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the retiring Global Agent or Applicable Facility Agent, and the retiring Global Agent or Applicable Facility Agent shall be discharged from its duties and obligations hereunder.
The Borrowers agree to pay to each of the Agents, for its individual account, an annual fee as from time to time agreed to by the Borrowers and the Global Agent or Applicable Facility Agent, as applicable, in writing.
Such Restricted Lender agrees to execute and to deliver to the Global Agent and to each Applicable Facility Agent of each Facility in which such Restricted Lender has made or was obligated to make Loans an Assignment and Acceptance with such replacement Lender as provided in Section 13.01 hereof upon payment at par of all principal, interest, fees and other amounts owing under this Agreement to such Restricted Lender.
Each party hereto agrees that an assignment and delegation required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Company, the Applicable Facility Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto.
Such Non-Rated Lender agrees to execute and deliver to the Global Agent and to the Applicable Facility Agent of each Facility in which such Non-Rated Lender has made or was obligated to make Loans an Assignment and Acceptance with such replacement Lender upon payment at par by such replacement lender of all principal, interest, fees and other amounts owing under this Agreement to such Non-Rated Lender.
Promptly following receipt of a Borrowing Request in accordance with this Section, the Applicable Facility Agent shall advise each Lender of the applicable Class of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.
As soon as practicable after any payment of Taxes by the Company to a Governmental Authority pursuant to this Section, the Company shall deliver to the Applicable Facility Agent and the General Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Applicable Facility Agent and the General Administrative Agent.