Examples of Multi-Currency Administrative Agent in a sentence
With respect to its Commitments and Loans, the Multi-Currency Administrative Agent, the Term Loan Administrative Agent and the Collateral Agent, each in their individual capacity, shall each have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender.
There shall have been paid to the Multi-Currency Administrative Agent, for the account of the Multi-Currency Administrative Agent and the Lenders participating in such Facilities Increase on such Facilities Increase Date, as applicable, all fees and expenses (including reasonable fees and expenses of counsel) due and payable on or before the Facilities Increase Date.
The Collateral Agent may be removed at any time by the Multi-Currency Administrative Agent and the Term Loan Administrative Agent, acting jointly, or the Required Secured Parties, by giving written notice thereof to the Collateral Agent and the Company.
Any such notice of borrowing must be received by the Multi-Currency Administrative Agent prior to 11:00 A.M., New York City time, three Working Days prior to the requested borrowing date, in the case of Eurodollar Loans, and one Business Day prior to the requested borrowing date, in the case of Alternate Base Rate Loans.
The Multi-Currency Administrative Agent shall promptly forward to each Multi-Currency Lender a copy of any such notice.
Upon receipt of any such notice, the Multi-Currency Administrative Agent will promptly notify each Multi-Currency Lender thereof.
Each Local Fronting Lender will, as soon as practicable, notify the relevant Borrower and the Multi-Currency Administrative Agent of each determination of a Eurocurrency Rate for its Denomination Currency, of a Eurodollar Rate for its Local Loans which are Dollar Loans, of any change in the Local Rate for its Denomination Currency, of any change in the Alternate Base Rate for its Local Loans which are Dollar Loans and (in each case) the effective date thereof.
Promptly following the making of each such Local Loan, such Local Fronting Lender shall provide notice to the Multi-Currency Administrative Agent of the amount thereof.
Until any such notice has been withdrawn by the Designated Multi-Currency Administrative Agent or the relevant Local Fronting Lender, as the case may be, no further Affected Loans shall be made.
Amounts held in such Cash Collateral Account shall be applied by the Multi-Currency Administrative Agent (in such order as it shall elect) to the payment of the Payment Obligations on account of the Letters of Credit which are then or thereafter due and payable and to cause any then-outstanding Undrawn L/C Obligations to be Fully Secured.