Responsible Officer definition
Examples of Responsible Officer in a sentence
Each such Borrowing Request shall be irrevocable and signed by a Responsible Officer of the Borrower; provided that, if such Borrowing Request is submitted through an Approved Borrower Portal, the foregoing signature requirement may be waived at the sole discretion of the Administrative Agent.
Promptly following any Responsible Officer of the Collateral Manager’s knowledge or notice of the occurrence of any Event of Default or Default, the Collateral Manager will provide the Administrative Agent and the Collateral Agent with written notice of the occurrence of such Event of Default or Default of which any Responsible Officer of the Collateral Manager has knowledge or has received notice.
In addition, such notice will include a written statement of a Responsible Officer of the Collateral Manager setting forth the details of such event and the action that the Collateral Manager proposes to take with respect thereto.
At any time a Noteless Loan is included in the Collateral, the Collateral Manager shall deliver to the Administrative Agent and the Custodian a copy of the related Loan Register, together with a certificate of a Responsible Officer of the Collateral Manager certifying to the accuracy of such Loan Register as of the date of acquisition of such Noteless Loan by the Borrower.
The Collateral Manager will furnish to the Administrative Agent and the Collateral Agent, promptly upon any Responsible Officer of the Collateral Manager becoming aware thereof (and in any event within two (2) Business Days), notice of any Change of Control or the occurrence of any default by an Obligor on any Loan.