Examples of Auction Administration Agent in a sentence
After any retiring Auction Administration Agent's resignation or removal as the Auction Administration Agent hereunder and under the Notes, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Auction Administration Agent under this Agreement and the Notes.
Upon the acceptance of any appointment as the Auction Administration Agent hereunder and under the Notes by a successor Auction Administration Agent, such successor Auction Administration Agent shall thereupon succeed to and become vested with all the rights, powers, privileges, and duties of the retiring Auction Administration Agent, and the retiring Auction Administration Agent shall be discharged from its duties and obligations under this Agreement and the Notes.
After completing the notifications referred to in the immediately preceding sentence, the Auction Administration Agent shall (i) notify the Administrative Agent of each Competitive Bid that has been accepted, the amount thereof and the Competitive Bid Rate therefor and (ii) notify each Bank of the aggregate principal amount of all Competitive Bids accepted.
Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Auction Administration Agent shall invite by telex or telecopier (substantially in the form set forth in Exhibit B hereto) the Banks to bid, on the terms and conditions of this Agreement, to make Competitive Loans pursuant to such Competitive Bid Request.
Promptly after each Competitive Borrowing, the Auction Administration Agent will notify each Bank of the amount of the Competitive Borrowing, such Bank's Competitive Reduction resulting therefrom, and the date upon which such Competitive Reduction commenced and is anticipated to terminate.
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank, the Auction Administration Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.
Competitive Bids that do not conform substantially to the format of Exhibit 2.03(C) may be rejected by the Auction Administration Agent after conferring with, and upon the instruction of, the Borrower requesting such Competitive Bid, and the Auction Administration Agent shall notify the applicable Bank of such rejection as soon as practicable.
Xxxxx Xxxxxx Vice President Signature Page to that certain $300,000,000.00 364 Day Competitive Advance/Revolving Credit Agreement dated as of November 25, 1997, among Union Pacific Resources Group Inc., as Borrower, Texas Commerce Bank National Association, as Administrative Agent, The Chase Manhattan Bank, as Auction Administration Agent, Bank of America NT&SA, as Documentation Agent, NationsBank of Texas, N.A., as Syndication Agent, and the Banks named therein, including the undersigned.
The Auction Administration Agent shall send a copy of all Competitive Bids to the Borrower for its records as soon as practicable after completion of the bidding process set forth in this Section 2.3.
This note has been executed and delivered under, and is subject to the terms of the Competitive Advance and Revolving Credit Facility Agreement dated as of October ___, 1995 (as renewed, extended, amended, supplemented, or replaced from time to time, the "Credit Agreement"), among the Company, the Banks, the Agent, and the Auction Administration Agent, and is one of the "Committed Notes" referred to therein.