Examples of Additional Administrative Agent in a sentence
Finally, perform any other act, however specific such act may be or omitted to be stated herein, including the further appointment of substitutes, provided that such acts are performed in relation to the purpose of perfecting and/or enforcing any mortgage or any other collateral received by the [Additional Lender / Additional Administrative Agent], in connection with that certain Refinancing Agreement, dated [·].
Each Collateral Agent may, upon thirty (30) days’ prior notice, resign at any time by giving notice thereof to the Obligors and the Administrative Agent, each Additional Administrative Agent and each Additional Bilateral Lender, and each Collateral Agent may, upon thirty (30) days’ prior notice, be removed at any time with or without cause by the Aggregate Required Interest Holders.
Upon receipt of such notice, each Collateral Agent shall give prompt notice thereof to the Lenders, to the Obligors and to the Administrative Agent and any Additional Administrative Agent.
Neither the Administrative Agent nor any Additional Administrative Agent nor any Additional Bilateral Lender shall incur any liability to any other party to this Agreement by reason of any failure by any party other than such Administrative Agent, such Additional Administrative Agent or such Additional Bilateral Lender, as the case may be, to give any notification required pursuant to this Section.
In the event of any Default Action or Prepayment, the Administrative Agent, Additional Administrative Agent or Additional Bilateral Lender under the relevant Financing Agreement shall give prompt notice thereof to the other parties to this Agreement.
The Administrative Agent, each Additional Administrative Agent and each Additional Bilateral Lender shall, not later than 11:00 a.m. New York City time on the Business Day that immediately follows the applicable Calculation Date, provide to the Collateral Agents such information, together with any other information with respect thereto that the Collateral Agent may reasonably request.
Each Administrative Agent and Additional Administrative Agent who is entering into this Agreement as an agent and not as a Lender enters into this Agreement not in its personal capacity but as agent for the Lenders party to the Financing Agreement to which such Person is the Administrative Agent or Additional Administrative Agent with the intent that such Lenders shall be bound by, and have the benefit of, the terms of this Agreement.