Examples of Fairway Agent in a sentence
The Fairway Agent shall not be deemed to have knowledge of any Termination Event or Unmatured Termination Event unless the Fairway Agent has received notice from the Seller or Fairway.
The parties to any such assignment, grant or sale of participation interest shall execute and deliver to the VFCC Agent, the Fairway Agent, the Eiffel Agent or the Hannover Agent, as applicable, for its acceptance and recording in its books and records, such agreement or document as may be satisfactory to such parties and the VFCC Agent, the Fairway Agent, the Eiffel Agent or the Hannover Agent, as applicable.
The Fairway Agent may execute any of its duties under this Agreement and each other Transaction Document by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.
In the event of an Insolvency Event with respect to the Servicer, the Fairway Agent, the Eiffel Agent and the Hannover Agent shall each be required to deliver prompt written notice of such Insolvency Event to each Rating Agency.
Xxxxxxxx Executive Vice President, CFO and Secretary XXXXXX XXXXXXX CORP., as the Fairway Agent By: /s/ Xxxxx X.
If for any reason no successor Fairway Agent is appointed by Fairway during such five (5) day period, then effective upon the termination of such five (5) day period, and the Seller shall make all payments in respect of the Aggregate Unpaids directly to Fairway, and for all purposes shall deal directly with Fairway.
Fairway hereby designates and appoints BMO Xxxxxxx Xxxxx to act as its agent hereunder and under each other Transaction Document, and authorizes 134 the Fairway Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Fairway Agent by the terms of this Agreement and the other Transaction Documents together with such powers as are reasonably incidental thereto.
In the event that all obligations secured by the Fairway Assets shall have been paid in full and the Fairway Documents and liens created thereunder shall have been terminated or released, then the Fairway Agent shall promptly notify the other parties hereto and the Lockbox Servicer, and the Fairway Agent shall no longer have any rights or obligations hereunder with respect thereto.
The Fairway Agent may, upon five (5) days' notice to the Seller, and Fairway, and the Fairway Agent will, upon the direction of Fairway (other than the Fairway Agent, in its individual capacity) resign as Fairway Agent.
In performing its functions and duties hereunder and under the other Transaction Documents, the Fairway Agent shall act solely as agent for Fairway and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Seller or the Servicer or any of the Seller's or the Servicer's successors or assigns.