Obligated Group Agent definition

Obligated Group Agent means the Corporation, acting through its governing board, its chief executive officer, its chief financial officer or its other duly authorized officers acting pursuant to duly delegated authority, or such other Member of the Obligated Group from time to time designated as the Obligated Group Agent in an Officer’s Certificate delivered to the Master Trustee, each Related Bond Trustee and the Purchaser, as applicable.
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Obligated Group Agent means the Corporation or such other person or entity that from time to time is designated to act as agent and representative of the Obligated Group under the Master Indenture.
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Obligated Group Agent means the Corporation or such other Member as may be designated from time to time pursuant to written notice to the Master Trustee, executed by the President or Chairman of the Governing Body of the Corporation or, if the Corporation is no longer a Member of the Obligated Group, of each Member of the Obligated Group.
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Examples of Obligated Group Agent in a sentence

  • The Obligated Group Agent has full right, power and authority to issue the Bank Master Note.

  • Each Member of the Obligated Group has full right and authority to enter into the Related Documents executed by it and to perform all of its obligations under the Related Documents executed by the Borrower, the Parent Corporation, or the Obligated Group Agent, as applicable, on behalf of itself and the other Members of the Obligated Group.

  • However, all other works are to be carried out due to the poor condition of the existing roof, rooflights and roof insulation.

  • Neither the Obligated Group Agent, on behalf of itself and the other Members of the Obligated Group, may assign or otherwise transfer or delegate any of its rights or obligations hereunder or under the other Bond Documents without the prior written consent of the Purchaser.

  • Also, the MAVis subject to prudential regulation required by the Federal Corporations Act 2001.

  • If such Consultant determines that such rating is obtainable, the Obligated Group agrees that it will, at the Obligated Group’s sole expense, solicit and make a good faith effort to obtain such rating, and the Obligated Group Agent is to notify the Trustee if a rating has been obtained or not.

  • The costs of any participation shall not be paid by the Obligated Group Agent, and in no event shall the Obligated Group Agent become subject to the terms of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended, as a result of such participation.

  • The Corporation, as Obligated Group Agent on behalf of itself and each Member of the Obligated Group, recognizes that in the event an Event of Default occurs, any remedy of law may prove to be inadequate relief to the Purchaser; therefore, the Corporation, as Obligated Group Agent on behalf of itself and each Member of the Obligated Group, agrees that the Purchaser, if the Purchaser so requests, shall be entitled to temporary and permanent relief in any such case.

  • SUNSET MANOR, INC., as Obligated Group Agent By: Name: Its: Chief Executive Officer Schedule I MEMBERS OF THE OBLIGATED GROUP Name Address for Notices Sunset Manor, Inc.

  • The Purchaser shall deliver notice to the Obligated Group Agent identifying the proposed Participant, the percentage participation of the proposed Participant and a copy of the participation agreement and/or any other agreement pursuant to which the participation shall be granted.


More Definitions of Obligated Group Agent

Obligated Group Agent is hereby replaced in each place it appears throughout the Agreement with the term “Credit Group Representative.”
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Obligated Group Agent means the Corporation or such other Member as may be designated from time to time pursuant to the Master Indenture, with prior written notice to the Purchaser; provided, however, that failure to provide such notice shall not be a default hereunder or make the designation ineffective.
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Obligated Group Agent has the meaning set forth in the Master Indenture. “Outstanding Principal Amount” means the outstanding and unpaid principal of the Bonds. “Performance Margin” means, [ ].
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Obligated Group Agent means the Corporation, in its capacity to act on behalf of the Obligated Group in accordance with the terms of the Master Indenture, and any successor Obligated Group Agent appointed pursuant to the terms of the Master Indenture.
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Obligated Group Agent means the Obligated Group Agent under and as defined in the Master Trust Indenture; which, on the date hereof, is the Parent Corporation.
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Related to Obligated Group Agent

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Credit Parties means the Borrower and the Guarantors.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Obligated Person means any person, including the Issuer, who is either generally or through an enterprise, fund, or account of such person committed by contract or other arrangement to support payment of all, or part of the obligations on the Bonds (other than providers of municipal bond insurance, letters of credit, or other liquidity facilities), as shown on Exhibit A.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Borrower as defined in the preamble hereto.

  • Borrower Parties means the collective reference to the Borrower and its Restricted Subsidiaries, and “Borrower Party” means any one of them.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • Borrower Party means the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party Affiliate.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, an April 14, 2000, letter agreement, a May 5, 2000, letter agreement, and a May 19, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 9, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from June 2, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from June 2, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before June 2, 2000, to the Waiver Termination Date, provided that:

  • Parent Borrower as defined in the preamble hereto.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 24 (Changes to the Obligors).

  • Agent’s Group has the meaning specified in Section 8.02(b).