The Local Agent definition
Examples of The Local Agent in a sentence
The Local Agent shall be present at the Site during the SAT and whenever necessary in accordance with the requirements of the SOW.
The Local Agent reserves the right to file a claim before any Benin Court having [subject-matter] jurisdiction at its discretion.
The Local Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person.
The Local Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof.
The Local Agent is authorized by the Lender to act as its representative in Brazil in connection with all transactions relating hereto, including without limitation enforcement or collection proceedings against the Borrower or otherwise, in each case to the fullest extent permitted under applicable law.
The Local Agent shall release the Alcatel Equipment liens upon complete repayment of all amounts owed by the Borrower to the Banks, the Arranger, the International Agent, and the Local Agent under the Agreement.
The Local Agent shall provide the Borrower with: - a monthly statement of accumulated interest, within a week after the end of the month in question, - a monthly account statement, within a week after the end of the month in question, - at the Borrower's request, information on the balance of the Titan Africa Facility Account during the term of the loan under the Agreement.
The Local Agent shall be present at the Site whenever necessary and shall provide technical assistance, as may be required by the IAA.
The Local Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon.
The Local Agent shall be subject to each of the obligations to be performed by the Local Agent, and each of the Borrowers and the Lenders agrees that the Local Agent shall be entitled to exercise each of the rights and shall be entitled to each of the benefits of the Administrative Agent under this Agreement as relate to the performance of its obligations.