Liquidity Agent Clause Samples
The Liquidity Agent clause designates a specific party responsible for managing and facilitating the flow of funds or assets within a financial arrangement. Typically, this agent oversees the distribution of payments, monitors account balances, and ensures that all parties receive their due amounts according to the agreement's terms. By assigning these responsibilities to a dedicated agent, the clause helps streamline financial operations and reduces the risk of mismanagement or disputes over fund allocation.
Liquidity Agent. No failure or delay on the part of RFC, the Series 1997-1 Liquidity Agent, any Liquidity Lender or the holder of any Liquidity Advance Note in exercising any power or right under this Series 1997-1 Liquidity Agreement or any other Related Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on RFC, the Series 1997-1 Liquidity Agent, any Liquidity Lender or the holder of any Liquidity Advance in any case shall entitle them to any notice or demand in similar or other circumstances. No waiver or approval by RFC, the Series 1997-1 Liquidity Agent, any Liquidity Lender or the holder of any Liquidity Advance Note under this Series 1997-1 Liquidity Agreement or any other Related Document shall, except as may be otherwise stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval hereunder shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder.
Liquidity Agent. Each Secured Party represents and warrants to the Deal Agent and to the Liquidity Agent that it has and will, independently and without reliance upon the Deal Agent. the Liquidity Agent or any other Secured Party and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business. operations, property, prospects, financial and other conditions and creditworthiness of the Seller and made its own decision to enter into this Agreement.
Liquidity Agent. In consideration of and as compensation for all services to be rendered by the Liquidity Agent as described in this Agreement, the Company will pay such reasonable fees to the Liquidity Agent as may be mutually agreed upon from time to time.
Liquidity Agent. CSFB (and such successor) and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with RFC or any Affiliate of RFC as if CSFB (and such successor) were not the Series 1997-1
Liquidity Agent. If for any reason no successor Liquidity Agent is appointed by the Required Investors during such 5-day period, then effective upon the expiration of such 5-day period, the Investors shall perform all of the duties of the Liquidity Agent hereunder and all payments in respect of the Aggregate Unpaids. After any retiring Liquidity Agent's resignation hereunder as Liquidity Agent, the provisions of this Article VIII and Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Liquidity Agent under this Agreement.
Liquidity Agent. Wachovia, as agent for the Liquidity Banks under the Liquidity Agreement, or any successor to Wachovia in such capacity.
Liquidity Agent. The Series 1997-1 Collateral Agent shall not be responsible or liable for any loss resulting from the investment performance of any investment or reinvestment of monies held in the Accounts or any other account maintained by the Series 1997-1 Collateral Agent for the purposes of this Series 1997-1 Collateral Agreement or in Permitted Investments or from the sale or liquidation of any Permitted Investments in accordance with this Series 1997-1