The Facility Agent definition

The Facility Agent shall make such funds available to the Borrower by crediting the principal amount of such Loans to the Operating Account. No Lender's obligation to make any Loan as aforesaid shall be affected by any other Lender's failure to make any other Loan.
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The Facility Agent shall without undue delay inform the Lenders and the Borrower of the Interest Rate it has determined for each Interest Period and the interest payable in relation to each Advance. Each determination of the Interest Rate by the Facility Agent hereunder shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Lenders, it being understood that the Facility Agent has no discretion in making the determinations pursuant to this Article 9.
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The Facility Agent. The Security Agent: The Facility Agent: The Mandated Lead Arrangers The Bookrunner Nordea Bank Norge ASA Swedbank AB (publ)
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Examples of The Facility Agent in a sentence

  • The Facility Agent may effect, on behalf of any Finance Party, an amendment or waiver allowed under this Clause.

  • The Facility Agent must promptly notify each relevant Party of the determination of a rate of interest under this Agreement.

  • The Facility Agent is not deemed to have knowledge of the occurrence of a Default.

  • The Facility Agent must notify the Lenders promptly of receipt of any such notice.

  • The Facility Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving any such notification.

  • The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

  • The Facility Agent shall notify the Company and the Lenders promptly upon being so satisfied.

  • The Facility Agent must give this notification as soon as reasonably practicable.

  • The Facility Agent must then promptly notify the affected Parties.

  • The Facility Agent must supply each relevant Lender with the address of and password for the website.


More Definitions of The Facility Agent

The Facility Agent s resignation notice shall only take effect upon the appointment of a successor.
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The Facility Agent is fully protected if it acts on the instructions of the Majority Lenders in the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Lenders will be binding on all the Lenders. In the absence of instructions, the Facility Agent may act as it considers to be in the best interests of all the Lenders.
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The Facility Agent shall promptly notify the relevant Lenders of the details of the requested Utilisation and, in the case of an Advance, the currency and amount of its participation in such Advance. Each Request shall be irrevocable and the Borrower named therein shall be bound to borrow the Advance or accept the issue of the Documentary Credit referred to therein.
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The Facility Agent shall be to “the Lender” and with any other necessary consequential modifications, as such provisions may be amended upon review by the Facility Agent in accordance with the last paragraph of clause 8.4.4.
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The Facility Agent. The Security Agent:
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Related to The Facility Agent

  • Facility Agent has the meaning set forth in the Preamble.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Exit Facility Agent means the agent under the Exit Facility.