Foreign Administrative Agent definition
Examples of Foreign Administrative Agent in a sentence
If, however, it would be held that such claims of the Foreign Administrative Agent and such claims of any one or more of the Foreign Secured Parties do constitute such common property and such provisions do apply, the parties hereto agree that this Agreement shall constitute an administration agreement (beheersregeling) within the meaning of article 3:168 DCC.
The Foreign Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.
Upon any such termination, the Foreign Administrative Agent will, at the Foreign Grantors’ expense, execute and deliver to Foreign Grantors such documents as any Foreign Grantor shall reasonably request to evidence such termination.
Upon any drawing under any Foreign Letter of Credit, the Foreign L/C Issuer shall notify the Foreign Borrowers and the Foreign Administrative Agent thereof.
All payments by the applicable Borrowers of principal of and interest on Foreign Revolving Loans shall be made to the Foreign Administrative Agent, which shall promptly inform, in writing, the Domestic Administrative Agent of the date, time and amount of such payments, along with any other information regarding such payments as requested by the Domestic Administrative Agent.
All such remuneration, costs and expenses shall be treated, for the purposes of this Agreement, as paid or incurred by the Foreign Administrative Agent.
Each such notice must be received by the Foreign Administrative Agent not later than 11:00 a.m. (Copenhagen time) three Business Days prior to the requested date thereof (or, four Business Days prior in the case of a request for an Interest Period with a tenor of more than six months).
If, following such application, there are no Foreign Revolving Loans outstanding and no other Obligations of the Foreign Borrowers that are then due and payable (and all outstanding Letter of Credit Obligations have been cash collateralized at 105%), then the Foreign Administrative Agent shall cause any remaining funds in any Foreign Collection Account to be paid at the written direction of the Foreign Borrowers.
To effectuate the foregoing intention, the Foreign Administrative Agent, the other Foreign Secured Parties and the Guarantors hereby irrevocably agree that the Foreign Obligations of each Guarantor under this Foreign Guaranty at any time shall be limited to the maximum amount as will result in the Foreign Obligations of such Guarantor under this Foreign Guaranty not constituting a fraudulent transfer or conveyance.
As an alternative method of service, each of the Foreign Borrower and the Swiss Guarantor irrevocably consents to the service of any and all process in any such action or proceeding by the mailing (by registered or certified mail, postage prepaid) of copies of such process to such Loan Party at its address specified in Schedule 10.02 or at such other address of which the Foreign Administrative Agent shall have been notified pursuant to Section 10.02.