The Facility Agents Sample Clauses
The "Facility Agents" clause defines the role and responsibilities of agents appointed to manage and administer a syndicated loan or credit facility on behalf of the lenders. Typically, these agents act as intermediaries between the borrower and the group of lenders, handling communications, processing payments, and ensuring compliance with the terms of the facility agreement. By centralizing administrative tasks and serving as a single point of contact, this clause streamlines operations and reduces the risk of miscommunication or administrative errors among multiple parties.
The Facility Agents. 83 Section 9.1. Authorization and Action................................................................. 83 Section 9.2. Facility Agents' Reliance, Etc........................................................... 83 Section 9.3. Facility Agents and Affiliates........................................................... 84 Section 9.4. Representations of Certain Parties....................................................... 84 Section 9.5. Events of Default; Termination of Board Guarantee........................................ 85 Section 9.6. Facility Agents' Right to Indemnity...................................................... 85 Section 9.7. Indemnification of Facility Agents....................................................... 85 Section 9.8. Successor Facility Agents................................................................ 86 Section 9.9. Facility Agents' Further Protections..................................................... 86 ARTICLE X MISCELLANEOUS.......................................................................................... 88
The Facility Agents. 85 Section 9.1. Authorization and Action...............................................85 Section 9.2. Facility Agents' Reliance, Etc.........................................86 Section 9.3. Facility Agents and Affiliates.........................................87 Section 9.4. Representations of Certain Parties.....................................87 Section 9.5. Events of Default; Termination of Board Guarantee......................88 Section 9.6. Facility Agents' Right to Indemnity....................................88 Section 9.7. Indemnification of Facility Agents.....................................88 Section 9.8. Successor Facility Agents..............................................89 Section 9.9. Special Rules Governing Transaction Guarantees.........................90 Article X MISCELLANEOUS........................................................................90 Section 10.1. Amendments, Waivers, Etc...............................................90 Section 10.2. Assignments and Participations.........................................92 Section 10.3. Costs and Expenses.....................................................94 Section 10.4. Indemnities............................................................94 Section 10.5. Right of Set-off.......................................................95 Section 10.6. Sharing of Payments, Etc...............................................95 Section 10.7. Notices, Etc...........................................................96 Section 10.8. No Waiver; Remedies....................................................96 Section 10.9. Independence of Representations, Warranties and Covenants..............96 Section 10.10. Governing Law..........................................................97 Section 10.11. Submission to Jurisdiction; Service of Process.........................97 Section 10.12. Waiver of Jury Trial...................................................97 Section 10.13. Marshaling; Payments Set Aside.........................................97 Section 10.14. Section Titles.........................................................98 Section 10.15. Execution in Counterparts..............................................98 Section 10.16. Third Party Beneficiary................................................98 Section 10.17. Severability...........................................................98 Section 10.18. Confidentiality........................................................98 Section 10.19. Acknowle...
The Facility Agents