Facility Agent definition

Facility Agent has the meaning set forth in the Preamble.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Facility Agent shall have the meaning provided in the first paragraph of this Agreement, and shall include any successor thereto.

Facility Agent shall have the meaning ascribed thereto in the preamble;

Examples of Facility Agent in a sentence

Each party hereto hereby acknowledges and agrees that the Facility Agent (on behalf and at the expense of the requesting Lender) may, at any time and in its sole discretion, obtain a public rating for this loan facility.
The Servicer is not an agent of the Facility Agent, any Agent or any Lender.
The Borrower may, at any time (a) not earlier than the date that is twelve (12) months prior to the last day of the then‑existing Revolving Period and (b) prior to the date that is forty-five (45) Business Days prior to the last day of the then-existing Revolving Period, deliver a written notice to the Facility Agent requesting an extension of the Revolving Period, substantially maintaining the remaining existing terms of this Agreement (each, an “Extension Request”).
The Borrower and the Servicer hereby agree to use commercially reasonable efforts, at the request of the Facility Agent, to cooperate with the acquisition and maintenance of any such rating.
A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Facility Agent), or by the Facility Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

More Definitions of Facility Agent

Facility Agent will mean the successor Facility Agent.

Facility Agent means such successor agent, effective upon its acceptance of such appointment, and the former Facility Agent’s rights, powers and duties as Facility Agent shall be terminated, without any other or further act or deed on the part of such former Facility Agent or any of the parties to this Agreement. Any Agent may resign as Agent upon ten days’ notice to the Lenders in its Lender Group and the Facility Agent (with a copy to the Borrower) with such resignation becoming effective upon a successor agent succeeding to the rights, powers and duties of the Agent pursuant to this Section 14.8. If an Agent shall resign as Agent under this Agreement, then Lenders in its Lender Group holding greater than 50% of the outstanding Advances held by such Lender Group shall appoint a successor agent for such Lender Group. After any Note Agent’s resignation hereunder, the provisions of this Article XIV shall inure to its benefit as to any actions taken or omitted to be taken by it while it was a Note Agent under this Agreement. No resignation of any Note Agent shall become effective until a successor Note Agent shall have assumed the responsibilities and obligations of such Note Agent hereunder; provided, that in the event a successor Note Agent is not appointed within 60 days after such notice of its resignation is given as permitted by this Section 14.8, the applicable Note Agent may petition a court for its removal.

Facility Agent has the meaning assigned to such term in the introduction to this Agreement.

Facility Agent means any agent or representative in relation to any Super Senior RCF.

Facility Agent is defined in the preamble and includes each other Person as shall have subsequently been appointed as the successor Facility Agent, and as shall have accepted such appointment, pursuant to Section 10.5.

Facility Agent means such successor agent effective upon its appointment, and the former Facility Agent's rights, powers and duties as Facility Agent shall be terminated, without any other or further act or deed on the part of such former Facility Agent or any of the parties to this Agreement. After the retiring Facility Agent's resignation as Facility Agent, the provisions of this Section 7 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Facility Agent under this Agreement.

Facility Agent means Nedbank;