Common use of Facility Agent Clause in Contracts

Facility Agent. On and from the Substitution Date the Facility Agent will make all payments received by it in respect of the Substituted Commitments, Substituted Obligations, Substituted Rights and Substituted Portion to the New Bank.

Appears in 2 contracts

Samples: Syndicated Senior Secured Debt Facility Agreement (United International Holdings Inc), Syndicated Senior Secured Debt Facility Agreement (Uih Australia Pacific Inc)

AutoNDA by SimpleDocs

Facility Agent. On and from the Substitution Date the Facility Agent Agent: (a) will make all payments received by it in respect of the Substituted Commitments, Substituted Obligations, Substituted Rights and Substituted Portion to the New BankFinancier; and (b) treat the New Financier as Financier with Commitments equal to the aggregate of the Substituted Commitments and the Commitments of the New Financier immediately before the Substitution Date, if any.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Resmed Inc), Syndicated Facility Agreement (Resmed Inc)

AutoNDA by SimpleDocs

Facility Agent. On and from the Substitution Date the Facility Agent will make all payments received by it in respect of the Substituted Commitments, Substituted Obligations, Obligations and Substituted Rights and Substituted Portion to the New BankFinancier.

Appears in 1 contract

Samples: Lease Agreement (Omega Worldwide Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!