Agent Loan definition

Agent Loan has the meaning set forth in Section 2.1(g).

Agent Loan means an advance of funds by an Agent to a member natural person credit union to meet liquidity needs which have been the basis for a Facility advance.

Agent Loan has the meaning set forth in Section 2.1(h).

Examples of Agent Loan in a sentence

• Each Lender shall be obligated to advance its Revolving Loan Percentage of each Agent Loan.

• Each Agent Loan is an Advance hereunder and shall be subject to all the terms and conditions applicable to other Advances, except that all payments thereon shall be payable to Agent solely for its own account (and for the account of the holder of any participation interest with respect to such Advance).

• Agent shall not otherwise be required to determine whether the applicable conditions precedent set forth in Sections 3.1 or 3.2 have been satisfied on the Funding Date applicable thereto prior to making, in its sole discretion, any Agent Loan.

• The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Loan Parties, the Collections of Loan Parties or their Subsidiaries, the Collateral, or otherwise in respect of the Obligations.

• The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Loan Parties, the Collections of Loan Parties, the Collateral, or otherwise in respect of the Obligations.

More Definitions of Agent Loan

Agent Loan the meaning given to it in clause 6.15.1;

Agent Loan has the meaning specified in Section 2.2(i).

Agent Loan the meaning given to it in Clause 6.15.1 (Authorisation);

Agent Loan the meaning given to it in clause 4.15 (Agent Loans) of the Revolving Credit Agreement;

Agent Loan has the meaning set forth in SECTION 2.1(g). "AGENT-RELATED PERSONS" means Agent, together with its Affiliates, and the officers, directors, employees, counsel, agents, and attorneys-in-fact of Agent and such Affiliates.

Agent Loan has the meaning set forth in SECTION 2.1(g).

Agent Loan has the meaning set forth in Section 2.1(g). ---------- --------------