Services Provider definition
Examples of Services Provider in a sentence
The Services Provider shall arrange for the provision of such services at the sole cost and expense of the Borrower and shall maintain such insurance against loss or damage to the Custody Documents as the Services Provider deems appropriate.
In the absence of any direction (including a standing direction) from the Services Provider, the Collateral Agent shall hold uninvested any amounts held as USD and on deposit in any Transaction Account.
None of the Borrower, the Services Provider, any of their respective Subsidiaries or, to the best of the Services Provider’s knowledge, any of their respective directors or officers over which the Services Provider has control is a natural person or entity with whom any dealings contemplated under this Agreement are prohibited under any OFAC regulation or other applicable federal law, including as a result of being named on an OFAC list or acting on behalf of such a natural person or entity.
To the best of the Services Provider’s knowledge, the Borrower does not own, and the Services Provider will not knowingly cause the Borrower to own or Acquire, any security issued by, or interest in, any country, territory, or entity whose direct ownership by U.S. persons or persons under the jurisdiction of the U.S. would be or is prohibited under any Sanctions Laws, if such ownership or acquisition would result in a violation of Sanctions Laws.
If the Collateral Custodian receives written instructions from the Collateral Agent, the Services Provider or the Borrower that conflicts with any instructions received from the Administrative Agent, the Collateral Custodian shall rely on and follow the instructions given by the Administrative Agent.