Administration of Financing Documents Sample Clauses

Administration of Financing Documents. Subject to the terms of this Agreement and the direction of Owner Agent, Manager shall administer the Owners’ compliance with all covenants and obligations set forth in the Financing Documents, including monitoring compliance with the Financing Documents and advising Owners as to their compliance obligations thereunder and providing Owner Agent with Manager’s analysis and recommendations regarding the application of the Financing Documents. In furtherance of the foregoing, Appendix A-1 sets forth various time and certification requirements regarding Manager’s furnishing to Owner of various reports, budgets and other submissions for review by Owner prior to the submission of same to the Administrative Agent. For convenience, Appendix A-1 also sets forth the time and requirements for reports called for by this Agreement and the Facility Agreements. Manager shall not take any action that would reasonably be expected to cause any Owner to contravene such Owner’s obligations under the Financing Documents. Manager shall be authorized to deal directly with the Administrative Agent and the Collateral Agent on behalf of Owners with respect to routine matters and to receive notifications from the Administrative Agent and the Collateral Agent pursuant to the Financing Documents. Manager shall reasonably cooperate with the Administrative Agent, the Collateral Agent and the Consultants. The parties to this Agreement hereby agree that the terms of this Agreement shall not vary or amend the obligations of any Owner under any Financing Document to which such Owner is a party or subject Manager to any obligations under the Financing Documents.
Sample 1
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Administration of Financing Documents. Subject to the terms of this Agreement, Manager shall administer Owners’ compliance with all covenants and obligations set forth in the Financing Documents. Manager shall be authorized to deal directly with the Administrative Agent and the Collateral Agent on behalf of Owners and to receive notifications from the Administrative Agent and the Collateral Agent pursuant to the Financing Documents. Manager shall reasonably cooperate with the Administrative Agent, the Collateral Agent and the Consultants. Manager shall not cause any Owner to contravene such Owner’s obligations under the Financing Documents. The parties to this Agreement hereby agree that the terms of this Agreement shall not vary or amend the obligations of any Owner under any Financing Document to which such Owner is a party or subject Manager to any obligations under the Financing Documents.
Sample 1

Related to Administration of Financing Documents

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

  • Amendments to the Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendments to Other Loan Documents (a) All references in the Loan Documents to the Credit Agreement shall henceforth include references to the Credit Agreement, as modified and amended hereby, and as may, from time to time, be further amended, modified, extended, renewed, and/or increased.

  • Amendments to Finance Documents With effect on and from the Effective Date each of the Finance Documents other than the Loan Agreement shall be, and shall be deemed by this Agreement to have been, amended as follows:

  • Amendments to Financing Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Financing Agreement is hereby amended as follows:

  • Loan Documents, etc Each of the Loan Documents shall have been duly executed and delivered by the respective parties thereto, shall be in full force and effect and shall be in form and substance satisfactory to each of the Lenders. Each Lender shall have received a fully executed copy of each such document.

  • Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc Directly or indirectly:

  • Authorization of Receipt of Funds by the Trustee Under the Security Documents Subject to the provisions of the Intercreditor Agreement, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

  • Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc The Company shall not, and shall not permit any of its Subsidiaries to (i) amend, modify or otherwise change the Budget or any other statement, budget, forecast, projection and operating plan and report delivered to the Lenders, unless approved by its Board of Directors and the Majority Lenders; (ii) amend, modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its or its Subsidiaries' Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Indebtedness if such amendment, modification or change would shorten the final maturity or average life to maturity of, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest rate applicable to such Indebtedness, or would otherwise be adverse to the Lenders or the issuer of such Indebtedness in any respect, (iii) except for the Obligations, make any voluntary or optional payment, prepayment, redemption, defeasance, sinking fund payment or other acquisition for value of any of its or its Subsidiaries' Indebtedness, or refund, refinance, replace or exchange any Indebtedness, or make any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any outstanding Indebtedness as a result of any asset sale, change of control, issuance and sale of debt or equity securities or similar event, or give any notice with respect to any of the foregoing, (iv) amend, modify or otherwise change any of its organizational documents, or (v) amend, modify or otherwise change any material provision of any Material Contract, or accelerate, terminate or cancel any Material Contract other than at the direction of the Board of Directors.

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

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