Examples of Mexican Administrative Agent in a sentence
The Borrower shall pay to the Administrative Agent and the Mexican Administrative Agent, each for its own account, fees payable in the amounts and at the times separately agreed upon by the Borrower and the Administrative Agent or the Borrower and the Mexican Administrative Agent, as applicable.
Subject to the appointment and acceptance of a successor Administrative Agent or Mexican Administrative Agent, as applicable, as provided in this Section, the Administrative Agent or Mexican Administrative Agent may resign at any time by giving at least 15 Business Days’ advance notice to the Borrower and the Administrative Agent or Mexican Administrative Agent, as applicable, and 10 Business Days’ advance notice to the Lenders.
The Administrative Agent and the Mexican Administrative Agent shall distribute any such payment received by it for the account of any other Person to the appropriate recipient promptly after receipt thereof.
The Borrower shall notify the Administrative Agent (and, in the case of any Peso Loans, the Mexican Administrative Agent) by telephone (confirmed by telecopy) of any prepayment of Loans, which notice shall be (i) if such Loans are Dollar Loans, not later than 11:00 a.m., New York City time, three LIBO Adjusted Business Days before the date of prepayment and (ii) if such Loans are Peso Loans, not later than 11:00 a.m., Mexico City time, three Peso Business Days before the date of prepayment.
All such payments shall be made to the Administrative Agent at its offices at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, except that (i) payments in respect of Peso Loans shall be made to the Mexican Administrative Agent at its offices in Mexico City and (ii) payments pursuant to Sections 2.12, 2.13, 2.14 and 9.03 shall be made directly to the Persons entitled thereto.
Each Lender shall wire the principal amount of its Peso Loan (if any), in Pesos in immediately available funds, by 12:00 noon, Mexico City time, on the Peso Borrowing Date, to the account of the Mexican Administrative Agent designated by it for such purpose by notice to the Lenders.
Promptly after it receives any such notice, the Administrative Agent (or, in the case of Peso Loans, the Mexican Administrative Agent) shall advise the affected Lenders of the contents thereof.
The Administrative Agent or Mexican Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through one or more sub-agents appointed by it.
The Administrative Agent or Mexican Administrative Agent, as applicable, and any such sub-agent may perform any and all of the duties of the Administrative Agent or Mexican Administrative Agent, as applicable, and exercise the rights and powers of the Administrative Agent or Mexican Administrative Agent, as applicable, through their respective Related Parties.
All telephonic notices to the Administrative Agent or the Mexican Administrative Agent may be recorded by the Administrative Agent or the Mexican Administrative Agent, as applicable, and each of the parties hereto hereby consents to such recording.