Examples of Existing Agent in a sentence
The Loan Parties and the Lenders party hereto hereby approve of all actions taken, and which may be taken from time to time, by the Existing Agent and the Successor Agent pursuant to clause (a) of this Section 4.
As of the Effective Date, and except as set forth in Section 2(c), Section 2(e) and Section 4 below, the rights, powers, duties and obligations of the Existing Agent, in its capacity as Agent under the Loan Documents, shall be removed and discharged, respectively.
As of the Effective Date, the Successor Agent is hereby vested with all the rights, powers, privileges and duties of the Existing Agent in its capacity as Agent in accordance with the terms of the Loan Documents.
Nothing in this Section 2 shall be deemed to affect the indemnification of Existing Agent and payment of expenses for the Existing Agent as provided for in Sections 2(h) and 5(a)(iii) hereof or pursuant to the Loan Documents (including, without limitation, Sections 8.3, 8.7 and 9.5 thereof).
The Loan Parties agree to pay to Existing Agent, on the date hereof, any and all due and outstanding third party fees, costs and other expenses reasonably incurred by Existing Agent prior to the Effective Date solely in connection with performing its role as Agent as provided under the Loan Documents, including, without limitation, reasonable attorneys’ fees, to the extent payable or reimbursable by the Loan Parties pursuant to the Loan Documents.