Fleet Agent definition
Examples of Fleet Agent in a sentence
NOTE: Incomplete orders signed by other than Fleet Agent will be denied and returned.
Fleet Agent must sign authorizing the purchase.4. Name of the person picking up the order if other than Fleet Agent.5. Include sufficient payment ($11.50 per certificate, packs of 25)Make checks or money orders payable to: ADEQ6.
None of the Morgxx Xxxnt, the Fleet Agent or any Bank shall be under any obligation to marsxxxx xxx assets in favor of the Borrower or any other party or against or in payment of any or all of the Obligations.
Fleet Agent shall monitor and confirm all financial calculations made by the Borrower contained in the officer's certificate which shall be delivered by the Borrower pursuant to Section 5.1 hereof within five (5) days after Fleet Agent's receipt thereof.
The Borrower shall pay to the Fleet Agent for the account of the Banks ratably in proportion to their respective Commitments a facility fee accruing at a rate per annum equal to the then applicable Facility Fee Percentage on the Maximum Revolving Credit Amount, such fee being payable quarterly in arrears.
No failure or delay by the Morgxx Xxxnt, Fleet Agent or any Bank in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
With respect to Euro-Dollar Loans or Money Market LIBOR Loans, before giving any notice to the Fleet Agent pursuant to this Section, such Bank shall designate a different Euro-Dollar Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of such Bank, be otherwise disadvantageous to 108 115 such Bank.
Neither the Morgxx Xxxnt nor the Fleet Agent shall incur any liability by acting in reliance upon any notice, consent, certificate, statement, or other writing (which may be a bank wire, telex or similar writing) believed by it to be genuine or to be signed by the proper party or parties.
Each Bank irrevocably appoints and authorizes the Fleet Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the Fleet Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto.
Each Bank shall, in accordance with Section 2.4(b), make available its share of such Borrowing to Fleet Agent, the proceeds of which shall be applied directly by Fleet Agent to reimburse Fronting Bank for the amount of such draw.