Examples of Facility Party in a sentence
The Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of (i) each Facility Party, (ii) the Administrative Agent and (iii) each Bank.
Neither the Trustee, nor any Settlement Facility Party shall be liable to the Settlement Facility, to any Entity holding a Claim, or to any other Entity except for such individual’s gross negligence or willful misconduct.
Except as expressly set forth in Sections 24.6(a) and 24.6(b), the provisions of this Section are solely for the benefit of the Administrative Agent and the Banks, and neither the Company nor any other Facility Party shall have rights as a third-party beneficiary of any of such provisions.
The Trustee may purchase and maintain reasonable amounts and types of insurance on behalf of the Settlement Facility and pay any Entity who is or was a Trustee, a Settlement Facility Party, or the FCR against liability asserted against or incurred by such Entity in that capacity or arising from his or her status as a Trustee or Settlement Facility Party, or the FCR.
The Trustee may purchase and maintain reasonable amounts and types of insurance on behalf of the Settlement Facility and pay any Entity who is or was a Trustee, a Settlement Facility Party, the FCR, Reorganized Garrison, or their Representatives against liability asserted against or incurred by such Entity in the performance of such parties’ duties hereunder.