Common use of Multiple Principals Clause in Contracts

Multiple Principals. (a) In the event that Agent proposes to act for more than one Principal hereunder, Agent and the other party shall elect whether (i) to treat Loans under the Agreement as transactions entered into on behalf of separate Principals or (ii) to aggregate such Loans as if they were transactions by a single Principal. Failure to make such an election in writing shall be deemed an election to treat Loans under the Agreement as transactions on behalf of separate Principals. (b) In the event that Agent and the other party elect (or are deemed to elect) to treat Loans under the Agreement as transactions on behalf of separate Principals, the parties agree that (i) Agent will provide the other party, together with the notice described in Section 2(b) of this Annex, notice specifying the portion of each Loan allocable to the account of each of the Principals for which it is acting (to the extent that any such Loan is allocable to the account of more than one Principal), (ii) the portion of any individual Loan allocable to each Principal shall be deemed a separate Loan under the Agreement,

Multiple Principals. (a) In the event that Agent proposes to act for more than one Principal hereunder, Agent and the andthe other party shall elect whether (i) to treat Loans under the Agreement as transactions entered transactionsentered into on behalf of separate Principals or (ii) to aggregate such Loans as if they were transactions by a single Principal. Failure to make such an election in writing shall be shallbe deemed an election to treat Loans under the Agreement as transactions on behalf of separate Principals. (b) In the event that Agent and the other party elect (or are deemed to elect) to treat Loans under Loansunder the Agreement as transactions on behalf of separate Principals, the parties agree that agreethat (i) Agent will provide the other party, together with the notice described in Section 2(b) of this Annex, notice specifying the portion of each Loan allocable to the account of each of the Principals for which it is acting (to the extent that any such Loan is allocable to the account of more than one Principal), (ii) the portion of any individual Loan allocable to each Principal shall be deemed a separate Loan under the Agreement,

Multiple Principals. (a1) In the event that Agent proposes to act for more than one Principal hereunder, Agent and the other party Seller shall elect whether (i) to treat Loans Transactions under the Agreement as transactions entered into on behalf of separate Principals or (ii) to aggregate such Loans Transactions as if they were transactions by a single Principal. Failure to make such an election in writing shall be deemed an election to treat Loans Transactions under the this Agreement as transactions on behalf of separate Principals. (b2) In the event that Agent and the other party Seller elect (or are deemed to elect) to treat Loans Transactions under the Agreement as transactions on behalf of separate Principals, the parties agree that (i) Agent will provide the other partySeller, together with the notice described in Section 2(bsubparagraph (c) of this Annexabove, notice specifying the portion of each Loan Transaction allocable to the account of each of the Principals for which it is acting (to the extent that any such Loan Transaction is allocable to the account of more than one Principal), ; (ii) the portion of any individual Loan Transaction allocable to each Principal shall be deemed a separate Loan Transaction under the Agreement,; (iii) the margin maintenance obligations of Seller under Paragraph 4 of this Agreement shall be determined on a Transaction-by-Transaction basis (unless the parties agree to determine such obligations on a Principal-by-Principal basis); and