Predecessor Administrative Agent definition
Examples of Predecessor Administrative Agent in a sentence
Without limiting the foregoing, it is understood and agreed that (i) the Predecessor Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any information with respect to any New Lender provided by such New Lender and (ii) any information heretofore or hereafter provided by the Predecessor Administrative Agent to the Successor Administrative Agent is being provided without any representation or warranty by the Predecessor Administrative Agent.
The Predecessor Administrative Agent may at Holdings’ and the Borrower’s sole expense (in accordance with and pursuant to Sections 9 and 10.2 of the Existing Credit Agreement) consult with legal counsel, independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.
The Predecessor Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.
This Amendment and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Predecessor Administrative Agent, any Issuing Bank, the Swingline Lender and/or the Joint Lead Arrangers, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.
The Successor Administrative Agent (or its counsel) shall have received counterparts of this Amendment that, when taken together, bear the signatures of Holdings, U.S. Holdings, U.S. ▇▇▇▇▇, the Borrower, the Successor Administrative Agent, the Predecessor Administrative Agent and each New Lender (constituting the Requisite Lenders under the Existing Credit Agreement).
The Predecessor Administrative Agent hereby agrees that, from and after the Restatement Effective Date, it shall not be entitled to receive the annual administrative agent fee referred to in the Fee Letter dated February 11, 2022, between the Borrower and Citigroup Global Markets Inc.