Reset Agent definition

Reset Agent means a nationally recognized investment banking firm chosen by the Sponsor to determine the Reset Rate. It is currently anticipated that Merrill Lynch & Co. will act in such capacity.

Examples of Reset Agent in a sentence

  • Each of the Remarketing Agent and the Reset Agent shall be protected in acting upon any document or communication reasonably believed by it to be signed, presented or made by the proper party or parties.

  • The provisions of this Section 9 shall survive any termination of this Agreement and shall also continue to apply to every Remarketing Agent and Reset Agent notwithstanding their resignation or removal.

  • In the absence of bad faith on the part of the Remarketing Agent or the Reset Agent, as the case may be, the Remarketing Agent and the Reset Agent each may conclusively rely upon any document furnished to it which purports to conform to the requirements of this Agreement or the Supplemental Remarketing Agreement, as the case may be, as to the truth of the statements expressed therein.

  • No implied covenants or obligations of or against the Remarketing Agent or the Reset Agent shall be read into this Agreement or the Supplemental Remarketing Agreement.

  • In addition, the Reset Agent shall, in either case, receive from the Company a reasonable and customary fee (the "Reset Agent Fee"); provided, however, that if the Remarketing Agent shall also act as the Reset Agent, then the Reset Agent shall not be entitled to receive any such Reset Agent Fee.


More Definitions of Reset Agent

Reset Agent has the meaning set forth in the Remarketing Agreement.
Reset Agent means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, or such other Reset Agent as the Company shall select from time to time.
Reset Agent means Xxxxxx Xxxxxxx & Co. Incorporated or, if Xxxxxx Xxxxxxx & Co. Incorporated is unwilling or unable to act, another nationally recognized investment banking firm chosen by the Company to determine the Reset Rate.
Reset Agent means a nationally recognized investment banking firm chosen by the Company to determine the Reset Rate. It is currently anticipated that Merrill Lynch, Pierce, Fenner & Smith Incorporated will acx xx xxch capacity.
Reset Agent means a nationally recognized investment banking firm chosen by the Sponsor to determine the Reset Rate. It is currently anticipated that ___________________ will act in such capacity.]
Reset Agent means __________, or such other Reset Agent as the Company and FPL Group Capital shall select from time to time.
Reset Agent means a nationally recognized investment banking firm chosen by the Company to determine the Reset Rate. It is currently anticipated that Merrill Lynch, Pierce, Fenner & Smith Incorporated will act in such capacity.