Loan Parties’ Agent definition
Examples of Loan Parties’ Agent in a sentence
In the event of any conflict between any notices or other communications of the Loan Parties’ Agent and any other Loan Party, those of the Loan Parties’ Agent shall prevail.
A Borrower to which a Revolving Facility Utilization has been made may, if it or the Loan Parties’ Agent gives the Administrative Agent not less than three Business Days’ (or such shorter period as the Supermajority Lenders may agree) prior notice, prepay the whole or any part of a Revolving Facility Utilization (but if in part, being an amount that reduces the Base Currency Amount of the Revolving Facility Utilization by a minimum amount of €1,000,000).
A Borrower (or the Loan Parties’ Agent on its behalf) shall select the currency of a Revolving Facility Utilization in a Utilization Request.
If the Administrative Agent receives a notice under Section 2.64 through Section 2.69 (Illegality, Voluntary Prepayment and Cancellation), it shall promptly forward a copy of that notice or election to either the Loan Parties’ Agent or the affected Lender, as appropriate.
If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Borrower that requested (or on behalf of which the Loan Parties’ Agent requested) the issue of that Letter of Credit shall repay or prepay that amount immediately.