CAF Agent definition

CAF Agent shall have the meaning given such term in the preamble hereto.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

CAF Agent means The Chase Manhattan Bank as competitive advance facility agent for the Lenders hereunder.

CAF Agent means JPMorgan Chase Bank, in its capacity as competitive advance facility agent for the Lenders hereunder.

Examples of CAF Agent in a sentence

• Competitive Bids that do not conform substantially to the format of Exhibit A-3 may be rejected by the CAF Agent, and the CAF Agent shall notify the Lender making such nonconforming bid of such rejection as soon as practicable.

• A Competitive Bid Request that does not conform substantially to the format of Exhibit A-1 may be rejected in the CAF Agent's sole discretion, and the CAF Agent shall promptly notify the Borrower of such rejection by telecopy.

• Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the CAF Agent shall telecopy to each Lender a Notice of Competitive Bid Request in the form of Exhibit A-2 inviting the Lenders to bid, on the terms and conditions of this Agreement, to make Competitive Loans.

• Each Competitive Bid by a Lender must be received by the CAF Agent by telecopy, in the form of Exhibit A-3 hereto, (i) in the case of a Eurodollar Competitive Borrowing, not later than 9:30 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., New York City time, on the day of a proposed Competitive Borrowing.

• A certificate setting forth and containing an explanation in reasonable detail of the manner in which such amount shall have been determined and the amount of such payment or liability prepared by a Lender, the CAF Agent, or the Administrative Agent on their behalf, absent manifest error, shall be final, conclusive and binding for all purposes.

• The CAF Agent shall send a copy of all Competitive Bids to the Borrower for its records as soon as practicable after the completion of the bidding process set forth in this Section 2.03.

• In order to expedite the transactions contemplated by this Agreement, Chase Bank of Texas, National Association is hereby appointed to act as Administrative Agent and Chase is hereby appointed to act as CAF Agent, on behalf of the Lenders.

• Bid Request in accordance with this Section, the CAF Agent shall notify the Lenders of the details thereof by telecopy, inviting the Lenders to submit Competitive Bids.

• Each such telephonic Competitive Bid Request shall be confirmed promptly by hand delivery or telecopy to the CAF Agent of a written Competitive Bid Request in a form approved by the CAF Agent and signed by the Borrower.

• Each Competitive Bid by a Lender must be received by the CAF Agent by telecopy, in the form of Exhibit A-3 hereto, (i) in the case of a Eurodollar Competitive Borrowing, not later than 9:30 a.m., New York City time, three Business Days before a proposed Competitive Borrowing and (i) in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., New York City time, on the day of a proposed Competitive Borrowing.

More Definitions of CAF Agent

CAF Agent shall have the meaning given such term in the preamble hereto. "A Change in Control" shall be deemed to have occurred if (a) any person or group of related persons (other than TXU, any Subsidiary of TXU, or any pension, savings or other employee benefit plan for the benefit of employees of TXU and/or any Subsidiary of TXU) shall have acquired beneficial ownership of more than 30% of the outstanding Voting Shares of TXU (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, and the applicable rules and regulations thereunder); provided that a Change in Control shall not be deemed to have occurred if such acquisition has been approved, prior to the Acquisition Date and the date on which any tender offer for Voting Shares of TXU was commenced, by a majority of the Disinterested Directors of TXU, or (b) during any period of 12 consecutive months, commencing before or after the date of this Agreement, individuals who on the first day of such period were directors of TXU (together with any replacement or additional directors who were nominated or elected by a majority of directors then in office) cease to constitute a majority of the Board of Directors of TXU.