Diameter definition
Examples of Diameter in a sentence
Upon Diameter’s appointment as Administrative Agent hereunder, Diameter shall succeed to and become vested with all of the rights, powers, privileges and duties of the Initial Administrative Agent (other than any rights to indemnity payments owed to the Initial Administrative Agent), and the Initial Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).
Notwithstanding the foregoing, the Lenders and the Borrower agree that Diameter shall be appointed as the successor Administrative Agent as soon as reasonably practicable after the Closing Date by notice in writing (the “Notice of Successor Agent Effective Date”) to the Borrower and the Initial Administrative Agent.