Lender as Agent Clause Samples

The "Lender as Agent" clause designates the lender, or a specific party among multiple lenders, to act as an agent on behalf of all lenders involved in a financing arrangement. In practice, this means the agent lender is responsible for administering the loan, communicating with the borrower, and handling tasks such as collecting payments or enforcing loan terms. This clause streamlines the management of the loan by centralizing authority and decision-making, thereby reducing administrative complexity and ensuring consistent communication between the borrower and all lenders.
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Lender as Agent. ▇▇▇▇▇▇ is acting solely as agent of ▇▇▇▇▇▇▇▇ in taking any actions in connection with the Property. Lender assumes no liability in any other capacity. Lender shall not be obligated to perform any obligation or duty, or discharge any liability under any of the Leases under or by reason of this Assignment.
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Lender as Agent. Debtor hereby agrees as follows: (a) Upon the occurrence and during the continuation of a Event of Default (which includes a default under the Service Agreement), Lender shall be irrevocably appointed agent and attorney-in-fact as to performance by Debtor of its obligations under the Service Agreement, and as to the enforcement of Debtor’s rights and remedies under the Service Agreement; (b) All reasonable costs, expenses and liabilities incurred and payments made by ▇▇▇▇▇▇ as agent and attorney-in-fact shall be considered a loan by Lender to Debtor which shall be repayable on demand and which shall bear interest at the Maturity Rate (as defined in the Note referred to in the Loan Agreement); (c) Regarding the existence of any Event of Default for purposes of this Assignment, ▇▇▇▇▇▇ agrees that the Counterparty may rely upon written certifications from Lender that such an Event of Default exists; and (d) Notwithstanding the foregoing, Lender shall have no obligation whatsoever to perform any of Debtor’s obligations under the Service Agreement.
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Lender as Agent. Lender is acting solely as agent of Borrower in taking any actions in connection with the Property. Lender assumes no liability in any other capacity. Lender shall not be obligated to perform any obligation or duty, or discharge any liability under any of the Leases under or by reason of this Assignment.
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Lender as Agent. Notwithstanding each Lender's unrestricted right to assign all or any portion of its rights and obligations hereunder, as set forth in paragraph 10.8 above, so long as any Obligations under this Agreement remain outstanding, Lender shall continue to administer the Loans, for itself or for its assigns, pursuant to the terms set forth herein, Borrower shall continue to repay all amounts advanced and outstanding hereunder to Lender in accordance with the provisions set forth in Section 1.4 hereof and any notices given under this Agreement shall continue to be given to Lender in accordance with Section 10.11 hereof.
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Lender as Agent. Borrower acknowledges, that Lender, as agent for itself and any Assignees, shall have the sole and exclusive authority to execute and perform this Agreement and each other Loan Document on behalf of itself, as Lender, and as agent for itself and the Assignees. Except as otherwise provided herein, Borrower shall have no obligation to recognize or take any action or to deal directly with any Assignee, and no Assignee shall have any right to take any action or to deal directly with Borrower with respect to the rights, benefits and obligations of Borrower under this Agreement, the other Loan Documents or any one or more documents or instruments in respect thereof. Borrower may rely conclusively on the actions of Lender as agent to bind Lender and the Assignees, notwithstanding that the particular action in question may, pursuant to this Agreement or any other agreement, be subject to the consent or direction of any Assignee or any Co-Agent appointed pursuant to the succeeding paragraph.
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Lender as Agent. For greater certainty, the Lender is acting as agent for itself and the Participant, who are both lenders pursuant to this Agreement. The actions of the Lender, in such capacity as agent, are governed by the terms of a Loan Administration Agreement dated as of the date hereof, between the Lender and the Participant, which may be amended from time to time.
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Lender as Agent. Borrower acknowledges, that Lender, as agent for itself and any Assignees and Participants, shall have the sole and exclusive authority to execute and perform this Agreement and each other Loan Document on behalf of itself, as Lender, and as agent for itself and the Assignees and Participants; it being the intention and agreement of the parties hereto that at all times during the term of the Loan, Lender shall be solely responsible for the administration and performance of all Loan Documents notwithstanding any such sale or assignment; provided, however, that Lender shall have the right at any time to withdraw as Agent. Except as otherwise provided in this Article 9, Borrower shall have no obligation to recognize or take any action or to deal directly with any Assignee or Participant, and no Assignee or Participant shall have any right to take any action or to deal directly with Borrower with respect to the rights, benefits and obligations of Borrower under this Agreement, the other Loan Documents or any one or more documents or instruments in respect thereof. Borrower may rely conclusively on the actions of Lender as agent to bind Lender, the Assignees and the Participants, notwithstanding that the particular action in question may, pursuant to this Agreement or any other agreement, be subject to the consent or direction of any Assignee or Participant. Notwithstanding the foregoing, Lender shall be permitted at any time to sell its interest in the Loan and have no obligation to act as the servicer of the Loan following its sale.
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Related to Lender as Agent

  • Administrative Agent as Lender The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.

  • Agents as Lenders Each bank serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

  • Agent as Lender In its individual capacity, KeyBank shall have the same obligations and the same rights, powers and privileges in respect to its Commitment and the Loans made by it, and as the holder of any of the Notes as it would have were it not also the Agent.

  • SPV Lender Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (a “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it shall not institute against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 13.6, any SPV may (i) with notice to, but without the prior written consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by the Borrower and Administrative Agent) providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. This Section 13.6(g) may not be amended without the written consent of the SPV. Notwithstanding anything to the contrary in this Agreement, (x) no SPV shall be entitled to any greater rights under Sections 2.10, 2.11 and 5.4 than its Granting Lender would have been entitled to absent the use of such SPV and (y) each SPV agrees to be subject to the requirements of Sections 2.10, 2.11 and 5.4 as though it were a Lender and has acquired its interest by assignment pursuant to clause (b) of this Section 13.6.

  • Administrative Agent and Affiliates The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Restricted Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.