Common use of First Chicago Roles Clause in Contracts

First Chicago Roles. Each of the Investors acknowledges that First Chicago acts, or may in the future act, (i) as administrative agent for Falcon, (ii) as issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper and (iv) to provide other services from time to time for Falcon (collectively, the "First Chicago Roles"). Without limiting the generality of this Section 11.13, each Investor hereby acknowledges and consents to any and all First Chicago Roles and agrees that in connection with any First Chicago Role, First Chicago may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for Falcon, the giving of notice to the Agent of a mandatory purchase pursuant to Section 2.1.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Metals Usa Inc), Receivables Purchase Agreement (Bindley Western Industries Inc), Receivables Purchase Agreement (Metals Usa Inc)

AutoNDA by SimpleDocs

First Chicago Roles. Each of the Investors ------------------- acknowledges that First Chicago acts, or may in the future act, (i) as administrative agent for FalconFALCON, (ii) as issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper and (iv) to provide other services from time to time for Falcon FALCON (collectively, the "First Chicago Roles")) . Without limiting the generality of this Section 11.13, 11.13 each Investor hereby acknowledges and consents to any and all First Chicago Roles and agrees that in connection with any First Chicago Role, First Chicago may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for FalconFALCON, the giving of notice to the Agent of a mandatory purchase pursuant to Section 2.1.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc), Receivables Purchase Agreement (Bon Ton Stores Inc)

First Chicago Roles. Each of the Investors acknowledges ------------------- that First Chicago acts, or may in the future act, (i) as administrative agent for FalconPREFCO, (ii) as issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper and (iv) to provide other services from time to time for Falcon PREFCO (collectively, the "First Chicago Roles"). Without limiting the generality of this Section 11.13, each Investor hereby acknowledges and consents to any and all First Chicago Roles and agrees that in connection with any First Chicago Role, First Chicago may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for FalconPREFCO, whether in respect of the giving of notice to the Agent of a mandatory purchase pursuant to Section 2.12.1 or any other action that First Chicago may take.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hampshire Funding Inc)

AutoNDA by SimpleDocs

First Chicago Roles. Each of the Investors acknowledges that First Chicago acts, or may in the future act, (i) as administrative agent for Falcon, (ii) as issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper and (iv) to provide other services from time to time for Falcon (collectively, the "First Chicago Roles"). Without limiting the generality of this Section 11.13, each Investor hereby acknowledges and consents to any and all First Chicago Roles and agrees that in connection with any First Chicago Role, First Chicago may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for Falcon, the giving of notice to the Administrative Agent of a mandatory purchase pursuant to Section 2.1. Section 11.14.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Donnelly Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.