Deal Agent definition

Deal Agent. Defined in the preamble of the Agreement.

Deal Agent. Defined in the preamble of the Agreement. Dealer: Any new or used automobile and/or light-duty truck dealer who has entered into a Dealer Agreement or a Purchase Agreement with Credit Acceptance.

Deal Agent shall have the meaning assigned to that term in the Note Purchase Agreement.

Examples of Deal Agent in a sentence

• The Deal Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

• The Deal Agent shall not be required to take any action that exposes the Deal Agent to personal liability or that is contrary to this Agreement or Applicable Law.

• The Deal Agent shall not be under any obligation to any Secured Party to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Borrower.

• In performing its functions and duties hereunder, the Deal Agent shall act solely as agent for the Secured Parties and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Borrower or any of its successors or assigns.

• The Deal Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Deal Agent shall be read into this Agreement or otherwise exist for the Deal Agent.

More Definitions of Deal Agent

Deal Agent. Defined in the Preamble.

Deal Agent means Bank of America, N.A., as Deal Agent under the Collateral Agency Agreement.

Deal Agent. The deal agent or agents identified, if applicable, in each Supplement.

Deal Agent. This term shall have the meaning set forth in the preamble hereto.

Deal Agent means Wachovia Securities, Inc., as deal agent and/or administrative agent under the CP Transaction.

Deal Agent means First Union Securities, Inc.

Deal Agent. With respect to VFCC, the VFCC Deal Agent. With respect to any other CP Purchaser, the Person acting as agent for such CP Purchaser pursuant to a properly completed Related Group Addition Notice in the form of Exhibit B hereto. Eligible Assignee: (a) A Person whose short-term rating is at least "A-1" from S&P and "P-1" from Moody's, or whose obligations under this Agreement are unconditionally guaranteed by a Person whose short-term rating is at least "A-1" from S&P and "P-1" from Moody's, or (b) such other Person satisfactory to the CP Purchasers, the Deal Agents and each of the Rating Agencies rating the Commercial Paper and approved, in writing, by the Issuer and the SBA; provided, however, that no such approval by the Issuer shall be required in the event any Liquidity Purchaser is required by any Rating Agency rating the CP Purchasers' commercial paper notes or by any regulatory agency to make an assignment.