Examples of Bridge Facility Agent in a sentence
The Bridge Facility Agent shall treat the Sharing Payment as if it had been paid by the relevant Obligor and distribute it between the Finance Parties (other than the Recovering Finance Party) in accordance with Clause 27.6 (Partial payments).
The Bridge Facility Agent shall notify the Borrower and the Lenders promptly upon being so satisfied.
If a Reference Bank (or, if a Reference Bank is not a Lender, the Lender of which it is an Affiliate) ceases to be a Lender, the Bridge Facility Agent shall (in consultation with the Borrower) appoint another Lender or an Affiliate of a Lender to replace that Reference Bank.
In the face of and Edmondson in the same issue, however, quotes such initial enthusiam (and forewarned by similar ex- studies with conflicting results.
The New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Bridge Facility Agent (for its own account) a fee of €1,500 except no such fee shall be payable in connection with an assignment or transfer to a New Lender upon primary syndication of the Bridge Facility.