GIEK Agent definition

GIEK Agent means Citibank N.A., London Branch or such other person as may be appointed agent for the GIEK Facility Lenders pursuant to clause 15.21 of this Agreement.
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Examples of GIEK Agent in a sentence

  • Upon receipt of any amount from GIEK by the GIEK Agent, the GIEK Agent shall promptly pay to the order of each GIEK Facility Lender that GIEK Facility Lender’s GIEK Proportionate Share of such amount and until so paid such amount shall be held by the GIEK Agent on trust absolutely for that GIEK Facility Lender.

  • This Agreement is supplemental to a senior secured credit facility agreement (the “Agreement”, which term shall include any amendments or supplements to it) dated [ ] made between inter alia (1) Seadrill Limited, (2) certain Obligors, (3) the GIEK Agent, (4) DNB Bank ASA as GIEK Facility Agent and (5) certain GIEK Lenders.

  • The GIEK Agent shall not have any duties or responsibilities except those expressly set forth in the Finance Documents, and the GIEK Agent’s duties under the Finance Documents are solely mechanical and administrative in nature.

  • The GIEK Agent shall not be responsible for risks in connection with the financial condition, status and nature of the Obligors.

  • Nothing in this Agreement shall be construed as to constitute the GIEK Agent or the Finance Parties as trustee or fiduciary for any other person, and neither the GIEK Agent nor the Finance Parties shall be bound to account to any Finance Party for any sum or the profit element of any sum received by it for its own account.

  • The relationship between the GIEK Agent and the other Finance Parties is that of GIEK Agent only.

  • Neither the Facility Agent, the K-Sure Agent, the GIEK Agent nor the KEXIM Guarantee Agent shall have any liability to pay any sum to a Facility Lender, K-Sure Facility Lender, GIEK Facility Lender or, as the case may be, KEXIM Guarantee Facility Lender until it has itself received payment of that sum.

  • Any communication or document to be made or delivered to the Facility Agent, the K-Sure Agent, the GIEK Agent or the KEXIM Guarantee Agent will be effective only when actually received by the Facility Agent, the K-Sure Agent, the GIEK Agent or the KEXIM Guarantee Agent.

  • Each Facility Lender agrees that it will not assert nor seek to assert against any director, officer, employee or agent of the Facility Agent, the K-Sure Agent, the GIEK Agent, KEXIM Guarantee Agent or against any other person acting or purporting to act on behalf of the Facility Agent, the K-Sure Agent, the GIEK Agent or the KEXIM Guarantee Agent any claim which it might have against them in respect of any of the matters referred to in this clause 15.6.

  • Each party shall also, subject to the terms and conditions of this Agreement (including but not limited to the requirements to communicate via the Facility Agent, the K-Sure Agent, the KEXIM Guarantee Agent, the GIEK Agent and/or the Facility Security Trustee), be authorised to communicate by e-mail with any third parties who may be involved in this transaction or affected by the Facility Documents.

Related to GIEK Agent

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Facility Agent has the meaning set forth in the Preamble.

  • Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.

  • Administrative Agent as defined in the preamble hereto.