Asia Bid Agent definition
Asia Bid Agent means Citicorp International, Ltd. in its capacity as agent for the Banks under the auction bidding procedure described in Section 5.03A, and shall include any successor Asia Bid Agent appointed pursuant to Section 14.07.
Examples of Asia Bid Agent in a sentence
Promptly after each Asia Bid Rate Borrowing the Asia Bid Agent will notify the Administrative Agent of the amount of the Asia Bid Rate Borrowing, and the Administrative Agent, in turn, will notify the Banks of the consequent Bid Rate Reduction and the date upon which such Bid Rate Reduction commenced and will terminate.
Each Asian Ancillary Borrower shall execute and deliver an Asia Bid Rate Note to each Bank making an Asia Bid Rate Loan to such Asian Ancillary Borrower (or to the Asia Bid Agent on behalf of such Bank, to be retained in the custody of the Asia Bid Agent until its delivery to the payee Bank by regular mail and at the risk of such payee Bank) prior to the making of the initial Asia Bid Rate Loan by such Bank.