Examples of Appointed Party in a sentence
The Obligors acknowledge and agree that should the Appointed Party act in accordance with this provision, such Appointed Party will have all the rights, remedies, benefits and powers as are granted to the Collateral Agent pursuant hereto or pursuant to any Security Documents.
If, however, any remittance or communication received by an Appointed Party appears manifestly erroneous or irregular, such Appointed Party shall be under a duty to make prompt inquiry to the Person originating such remittance or communication in order to determine whether a clerical error or inadvertent mistake has occurred.
The Appointed Party shall amend Schedule C by deleting the cable, and shall issue a revised Schedule Cl and/or C2, effective the date of withdrawal from service.
The Borrower and each Senior Lender agree to deliver to each Appointed Party each Financing Document which is executed and delivered by it subsequent to the date of this Agreement promptly upon such execution and delivery and to deliver each instrument amending or modifying any agreement previously delivered to such Appointed Party.
Executed counterparts of each Financing Document required to be executed and delivered at or prior to the date of this Agreement have been delivered to each Appointed Party and each Appointed Party acknowledges receipt thereof.
Each Appointed Party may make loans to the Borrower, including Senior Facility Loans, accept deposits from and generally engage in any kind of business with the Borrower as though such Appointed Party were not an Appointed Party hereunder and under the other Financing Documents.
Any Appointed Party removing a director shall be responsible for and agrees with the Company and the other Entitled Parties to indemnify the other Entitled Parties and the Company against all losses, liabilities and costs which the other Entitled Parties or the Company may incur arising out of, or in connection with, any claim by the director for wrongful or unfair dismissal or redundancy or other compensation arising out of the director's removal or loss of office.
No Appointed Party shall have any responsibility to make any investigation into the facts or matters stated in any notice, certificate, instrument, demand, request, direction, instruction, waiver, receipt, consent or other document or communication furnished to it hereunder or under any other Financing Document.
Amendments or modifications of the aforementioned agreements shall not affect the duties and obligations of any of the Appointed Parties hereunder unless such Appointed Party has consented to such amendment or modification.
No Appointed Party shall be responsible for the negligence or misconduct of any counsel, accountants, engineers and other experts selected by it without gross negligence or willful misconduct on its part.