Atlantic Agent definition
Examples of Atlantic Agent in a sentence
Promptly after receipt thereof, the Blue Ridge Agent will notify the Blue Ridge Group and the Atlantic Agent will notify the Atlantic Group, of the contents of each Monthly Report, Weekly Report, Borrowing Request, Extension Request, Commitment Reduction Notice, Prepayment Notice, Commitment Increase Request or notice of default received by it from the Borrower or the Servicer hereunder.
Upon receipt of a notice for borrowing, the Agent shall, as soon as practicable, notify Atlantic (and the Atlantic Agent), Lyon (and the Lyon Agent) or each Lender, as the case may be, by telephone or telecopy with respect to the contents thereof.
Promptly after receipt thereof, the PNC Group Agent will notify the PNC Group, the Atlantic Agent will notify the Atlantic Group and the Gotham Agent will notify the Gotham Group, of the contents of each Monthly Report, Weekly Report, Borrowing Request, Commitment Reduction Notice, Prepayment Notice or notice of default received by it from the Borrower or the Servicer hereunder.
At all times on and after the occurrence of a Termination Event, with respect to any portion of the Transferred Interest held by Atlantic which shall have been owned or transferred to the Atlantic Bank Investors (or any of them), the Atlantic Agent shall select all Atlantic Tranche Periods and Atlantic Tranche Rates applicable thereto.
If such amounts are payable to the Atlantic Agent or to a member of the Atlantic Group, they shall be paid to account #01-88485-3701-00-001 at Credit Lyonnais New York Branch, in New York, New York, ABA No. #▇▇▇▇▇▇▇▇▇ until otherwise notified by the Atlantic Agent (the “Atlantic Group Account”).
All information, reports, notices and other papers and data relating to the Borrower and furnished by or on behalf of the Borrower to the Agent, Atlantic, Lyon, the Atlantic Agent, the Lyon Agent and the Lenders or any of them, shall be, at the time furnished, true, complete, correct and accurate in all material respects.
When land is taken into trust by the federal gov- ernment for Indian tribes, the federal government does not obtain such categorically exclusive jurisdiction over the entrusted lands.
The Borrower may without penalty at any time simultaneously terminate or permanently reduce the Program Limit and the Commitments, dollar for dollar, by giving the Agent, the Atlantic Agent, the Lyon Agent and the Lenders at least thirty (30) days' prior written notice to such effect; PROVIDED, HOWEVER, that any such reduction shall reduce each of the Program Limit and Commitments in an amount which is equal to $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Such amounts shall be applied pro rata to the reduction of the Enterprise Net Investment of the Enterprise Tranche Periods selected by the Enterprise Agent, the Atlantic Net Investment of Atlantic Tranche Periods selected by the Atlantic Agent and the Liberty Net Investment of Liberty Tranche Periods selected by the Liberty Agent.
If a Liquidity Provider acquires from Atlantic a Purchased Interest with respect to the Receivables pursuant to the terms of the applicable Liquidity Provider Agreement, the Atlantic Agent, on behalf of such Liquidity Provider, may exercise the right of selection granted to Atlantic hereby.