Primary Agent definition
Examples of Primary Agent in a sentence
The Designation of Authority Form is submitted with each new disaster or emergency declaration to provide the authority for the Sub-Recipient’s Primary Agent and Alternate Agent to access the FDEM Grants Management System in order to enter notes, review notes and documents, and submit the documentation necessary to work the new event.
Each Primary Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of that Lender.
Each Primary Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable.
The Designation of Authority Form is submitted with each new disaster or emergency declaration to provide the authority for the Subrecipient’s Primary Agent and Alternate Agent to access the FDEM Grants Management System in order to enter notes, review notes and documents, and submit the documentation necessary to work the new event.
The Designation of Authority Form is submitted with each new disaster or emergency declaration to provide the authority for the Sub-Recipient’s Primary Agent and Alternate Agent to access the ▇▇▇▇▇▇▇▇▇.▇▇▇ system in order to enter notes, review notes and documents, and submit the documentation necessary to work the new event.
Each Primary Agent and its Affiliates may accept deposits from, lend money to and generally engage in any kind of banking, trust, financial advisory or other business with Company or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its Subsidiaries for services in connection with this Agreement and otherwise without having to account for the same to Lenders.
Each Lender irrevocably authorizes each Primary Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated to such Primary Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto.
With respect to its participation in the Loans, the Acceptances and the Letters of Credit, each Primary Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term "Lender" or "Lenders" or any similar term shall, unless the context clearly otherwise indicates, include each Primary Agent in its individual capacity.
Electronic mail and Internet and intranet websites may be used to distribute routine communications, such as financial statements and other information as provided in subsection 8.1. Each Primary Agent or Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.
If any Primary Agent shall request instructions from Lenders with respect to any act or action (including the failure to take an action) in connection with this Agreement or any of the other Loan Documents, such Primary Agent shall be entitled to refrain from such act or taking such action unless and until such Primary Agent shall have received instructions from Requisite Lenders or all Lenders, as applicable.