Examples of Participant Interest in a sentence
The Administrative Agent may deem and treat the payee of any Participant Interest Contribution Amount or Lessor Amount as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent, in accordance with the Participation Agreement.
The making of any Participant Interest Contribution or the advancing of the Lessor Amount by a Participant on any Advance Date shall constitute an affirmation by such Participant of the preceding representations and warranties.
Lessee shall pay, as Supplemental Rent, when due, all costs, expenses and other amounts (other than the principal and Yield on the Participant Interest Contributions which are payable to the extent otherwise required by the Operative Documents) required to be paid by the Lessor under the Participation Agreement, any Security Instrument, the General Construction Agreement and any other Major Project Agreements.
For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent, Lessor and each of the Participant Interest Parties of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format for transmission, delivery and/or retention.
Administrative Agent xxxxxx agrees with Lessee (so long as no Event of Default shall have occurred and be continuing) and the Participant Interest Parties, except as otherwise expressly authorized or otherwise permitted under the Operative Documents, not to release the Lien of any of the Security Instruments on the Collateral.
Notwithstanding anything in this Transaction Agreement to the contrary, the Commitments shall terminate and no Participant shall be obligated to make an Advance, and no Advance Date may occur, upon the occurrence of the earliest of (i) 2:00 p.m. New York time on the last day of the Commitment Period, (ii) a termination of the Participant Interest Parties’ Commitments pursuant to Section 3.2 of the Participation Agreement and (iii) any payment by the Lessee in full of the Lease Balance then due and payable.
Administrative Agent, Lessor, Participant Interest Parties and the Arranger shall have received all Fees due and payable pursuant to Section 4.4, or such payment will be made out of the requested Advance to the extent permitted pursuant to the terms hereof.
The Administrative Agent, Lessor and each of the Participant Interest Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document.
Xxxxx Title: Vice President Table of Contents Bank of America, N.A., not in its individual capacity, except as expressly stated herein, but solely as Administrative Agent By: /s/ Xxxxxxxxx Xxxxxxx Name: Xxxxxxxxx Xxxxxxx Title: Vice President Table of Contents SMBC LEASING AND FINANCE, INC., as Participant Interest Party By: /s/ Xxxxxxx X.
Lessee, Construction Agent, Lessor, Administrative Agent and the Participant Interest Parties are entering into this Transaction Agreement, the Lease and the other Operative Documents to fund the Project Costs for Lessor to (i) acquire a ground leasehold interest in the Site, (ii) through the Construction Agent, install, assemble and construct the Facility, and (iii) lease the Leased Property to Lessee.