Offshore Facility Agent definition

Offshore Facility Agent as used in this Article XI includes the Issuing Bank and the Special Issuing Bank with respect to such acts or omissions, and (ii) as additionally provided herein with respect to the Issuing Bank and the Special Issuing Bank.
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Offshore Facility Agent shall have the meaning assigned and ascribed to such term as set forth in the preamble to this Agreement.
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Examples of Offshore Facility Agent in a sentence

  • The Offshore Facility Borrowers shall have the right from time to time (but not more frequently than once during each fiscal quarter), upon not less than ten (10) Business Days' written notice to the Offshore Facility Agent by at least two (2) Authorized Representatives, effective upon receipt, to reduce the Offshore Facility Commitment without premium or penalty.

  • The Offshore Facility Agent shall give the Agent and each Revolving Credit Lender, within one (1) Business Day, telefacsimile notice, or telephonic notice (confirmed in writing), of such reduction.

  • Without limitation of the foregoing, each Lender agrees to reimburse the Agent and/or the Offshore Facility Agent promptly upon demand for its ratable share (based on their Applicable Commitment Percentages) of any costs or expenses payable by the Borrowers under Section 12.05 hereof, to the extent that the Agent and/or the Offshore Facility Agent is not promptly reimbursed for such costs and expenses by the Borrowers.

  • The principal amount of any Offshore Rate Loan may be prepaid only at the end of the applicable Interest Period unless the applicable Offshore Facility Borrower shall pay to the Offshore Facility Agent the additional amount, if any, required under Section 5.05 and, in the case of a prepayment of any Offshore Rate Loan in euro, the applicable Offshore Facility Borrower notifies the Offshore Facility Agent at least three (3) Business Days prior to such prepayment.

  • In the event that the Agent receives such a notice of the occurrence of a Default or Event of Default, the Agent shall give prompt notice thereof to the Lenders and to the Offshore Facility Agent.

  • If the Offshore Facility Agent does not receive a notice of election of duration of an Interest Period by the time prescribed hereby and by Section 4.08 hereof, the applicable Offshore Facility Borrower shall be deemed to have elected to Continue such Loan as an Offshore Rate Loan with a subsequent Interest Period of one (1) month.

  • Each such notice shall be in the form of a Borrowing Notice in the form attached hereto as Exhibit D-2, which shall be effective upon receipt by the Offshore Facility Agent, and shall specify the Type of Loan, whether the Loan is to be made in Japanese Yen or euro, the amount of the Offshore Facility Advance to be made, the date of borrowing, and the Interest Period to be used in the computation of interest.

  • The Offshore Facility Agent may, but shall not be obligated to, debit the amount of any such payment which is not made by such time to any ordinary deposit account, if any, of the applicable Offshore Facility Borrower with the Offshore Facility Agent.

  • Each of the Agent and the Offshore Facility Agent may employ agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care.

  • The Agent (which, for purposes of this Section only shall be deemed to include a collective reference to both the Agent and the Offshore Facility Agent) may resign at any time by giving notice thereof, to the Lenders and the Borrowers.