Examples of Dollar Agent in a sentence
The Dollar Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement unless it shall first have received such advice or concurrence of the Majority Banks as it reasonably deems appropriate or it shall first be indemnified to its reasonable satisfaction by the Dollar Banks against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.
If any draft shall be presented or other demand for payment shall be made under any Letter of Credit, the Dollar Agent shall notify the Borrower of the date and amount of the draft presented or demand for payment and of the date and time when it expects to pay such draft or honor such demand for payment.
The Borrower shall also pay to the Dollar Agent, at such time or times as such charges are customarily made by the Dollar Agent, the Dollar Agent's customary issuance fees or amendment fees, as the case may be, and the Dollar Agent's customary time negotiation fees per document examination or other administrative fees.
The responsibility of the Dollar Agent to the Borrower and the Dollar Banks shall be only to determine that the documents (including each draft) delivered under each Letter of Credit in connection with such presentment shall be in conformity in all material respects with such Letter of Credit.
The Dollar Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Credit Agreement in accordance with a request of the Majority Banks, and such request and any action taken or failure to act pursuant thereto shall be binding upon the Dollar Banks and all future holders of the Revolving Credit Notes or of a Letter of Credit Participation.
Each Letter of Credit Application shall be completed to the satisfaction of the Dollar Agent.
The Borrower agrees to pay to the Dollar Agent a closing fee according to the terms of a separate fee letter entered into on or prior to the Closing Date (the "Fee Letter") among the Borrower and the Agents.
Any day on which commercial banks are open for international business (including dealings in Dollar deposits) in London or such other eurodollar interbank market as may be selected (a) with respect to Dollar Facility Loans which are also Eurodollar Rate Loans, by the Dollar Agent, in its sole discretion acting in good faith or (b) with respect to Gold Loans which are also Eurodollar Rate Loans or with respect to Consignment Fixed Rate Amounts, by the Gold Agent, in its sole discretion acting in good faith.
The Borrower shall pay to the Dollar Agent, for the accounts of the Dollar Banks (each, an "Excess Cash Flow Prepayment"), annually in arrears on February 15 of each year (commencing on February 15, 1998), an amount equal to fifty percent (50%) of the Consolidated Excess Cash Flow, if any, for such immediately preceding fiscal year.
Subject to the satisfaction of the conditions set forth in section 5 hereof, the Consignor hereby consents to the execution and delivery by the Consignee of Amendment No. 9, amending the Amended and Restated Credit Agreement dated as of September 11, 1997 among the Consignee, the Parent, the Dollar Agent and the Lenders party thereto, such Amendment being in substantially the form attached hereto as Exhibit B.