Examples of Bank Agent in a sentence
For any Advance to which the Eurocurrency-based Rate is applicable, if Agent or a Bank, as applicable, shall designate a Eurocurrency Lending Office which maintains books separate from those of the rest of Agent or such Bank, Agent or such Bank, as the case may be, shall have the option of maintaining and carrying the relevant Advance on the books of such Eurocurrency Lending Office.
This Agreement shall be deemed for all purposes to constitute a separate and discrete agreement between Bank, Agent and each Lender, and no Lender shall be responsible or liable for any of the obligations of any other Lender under this Agreement or otherwise, notwithstanding anything to the contrary contained herein.
Bank, Agent and Lender shall cooperate in good faith promptly to resolve any such dispute and upon such resolution, Agent shall pay Bank the agreed amount (if any).
Borrowers shall take all action to avoid and mitigate any damages relating to any Letter of Credit or claimed against Issuing Bank, Agent or any Lender, including through enforcement of any available rights against a beneficiary.
Each Swing Loan shall be made upon a Borrower’s irrevocable notice to any Swing Bank and the Administrative Agent (if other than the Swing Bank), Agent, which may be given by (A) telephone or (B) by a Swing Loan Request; provided that any telephonic notice must be confirmed promptly by delivery to the applicable Swing Bank and the Administrative Agent of a Swing Loan Request.