Impaired Agent definition

Impaired Agent means the Agent at any time when:

Impaired Agent means the Agent, the Swingline Agent or the Issuing Agent, as the context requires, at any time when:

Impaired Agent means the Facility Agent, Dollar Swingline Agent or Euro Swingline Agent (as the case may be) at any time when:

Examples of Impaired Agent in a sentence

• The retiring Agent shall (at its own cost if it is an Impaired Agent and otherwise at the expense of the Note Purchasers) make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of performing its functions as Agent under the Note Documents.

• The Majority Note Purchasers may (after consultation with the Company, unless an Event of Default has occurred and is continuing), by giving thirty (30) days’ notice to the Agent (or such shorter notice as the Agent may agree or, at any time the Agent is an Impaired Agent, by giving any shorter notice determined by the Majority Note Purchasers) replace the Agent by appointing a successor Agent (acting through an office in the United Kingdom).

• If the Agent is an Impaired Agent the Parties may, instead of communicating with each other through the Agent, communicate with each other directly and (while the Agent is an Impaired Agent) all the provisions of the Finance Document which require communications to be made or notices to be given to or by the Agent will be varied so that communications may be made and notices given to or by the relevant Parties directly.

More Definitions of Impaired Agent

Impaired Agent means an agent that is:

Impaired Agent means an Administrative Party at any time when:

Impaired Agent means the Facility Agent or the Security Trustee (as the case may be) at any time when:

Impaired Agent means a title agent or direct operation that is designated by the commissioner as an impaired agent and is:

Impaired Agent means the Initial ACF Agent at any time when:

Impaired Agent means the Agent at any time when: ah. it has failed to make (or has notified a Party that it will not make) a payment required to be made by it under the Finance Documents by the due date for payment; ai. it otherwise rescinds or repudiates a Finance Document; aj. (if the Agent is also a Lender) it is a Defaulting Lender under paragraph (a) or (b) of the definition of "Defaulting Lender"; or ak. an Insolvency Event has occurred and is continuing with respect to the Agent; unless, in the case of paragraph (a) above:

Impaired Agent means a title agent or direct