Foreign Administrative Agent definition

Foreign Administrative Agent means any Administrative Agent that is not a U.S. Person.
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Foreign Administrative Agent means any Administrative Agent that is not a U.S. Person. “Foreign Lender” means any Lender that is not a U.S. Person.
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Foreign Administrative Agent means any Administrative Agent that is not organized under the laws of the jurisdiction in which a Borrower is resident for tax purposes by application of the laws of that jurisdiction and that is not otherwise considered or deemed in respect of any amount payable to it hereunder or under any Credit Document to be resident for income tax or withholding tax purposes in the jurisdiction in which such Borrower is resident for tax purposes by application of the laws of that jurisdiction. For the purposes of this definition, Canada and each Province and Territory thereof shall be deemed to constitute a single jurisdiction and the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.
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Examples of Foreign Administrative Agent in a sentence

  • Each of the Foreign Lender Parties hereby irrevocably appoints Bank of America to act on its behalf as the Foreign Administrative Agent hereunder and under the other Loan Documents and authorizes the Foreign Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Foreign Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.

  • Upon any drawing under any Foreign Letter of Credit, the Foreign L/C Issuer shall notify the Foreign Borrowers and the Foreign Administrative Agent thereof.

  • The Foreign Borrower shall indemnify the Foreign Administrative Agent, each Foreign Lender Party and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Foreign Borrower.

  • All payments by the applicable Borrowers of principal of and interest on Foreign Revolving Loans shall be made to the Foreign Administrative Agent, which shall promptly inform, in writing, the Domestic Administrative Agent of the date, time and amount of such payments, along with any other information regarding such payments as requested by the Domestic Administrative Agent.

  • The Foreign Borrowers shall repay to the Foreign Administrative Agent for the account of the Foreign Issuing Banks and each Foreign Revolving Credit Lender that has made a Foreign Letter of Credit Advance the outstanding principal amount of each Foreign Letter of Credit Advance made by each of them on the earlier of (i) the date of demand therefor and (ii) the Termination Date.

  • Each Foreign Grantor will hold and preserve its material records relating to the Collateral, including, without limitation, the Related Contracts, and will permit representatives of the Foreign Administrative Agent at any time subject to reasonable notice and during normal business hours to inspect and make abstracts from such records and other documents.

  • The Foreign Administrative Agent may bid all or a portion of the Foreign Obligations under the Loan Documents at any foreclosure or trustee’s sale or at any private sale, and the amount of such bid need not be paid by the Foreign Administrative Agent but shall be credited against the Foreign Obligations under the Loan Documents.

  • All Cash Collateral (other than credit support not constituting funds subject to deposit) in respect of the Foreign Revolving Credit Facility shall be maintained in blocked, non-interest bearing deposit accounts at the Foreign Administrative Agent or its Affiliate.

  • Each Foreign Swingline Borrowing shall be made in Dollars and Alternative Currencies upon a Foreign Borrower’s irrevocable notice to the Foreign Swingline Lender and the Foreign Administrative Agent (and also to the Domestic Administrative Agent), which may be given by telephone.

  • Each Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of the Loan Documents and Foreign Secured Cash Management Agreements, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Foreign Administrative Agent or any other Foreign Secured Party with respect thereto.


More Definitions of Foreign Administrative Agent

Foreign Administrative Agent has the meaning specified in the recital of parties to this Agreement.
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Foreign Administrative Agent means Nordea in its capacity as foreign administrative agent for the Lenders under the Credit Documents, and any successor in such capacity.
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Foreign Administrative Agent means National
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Related to Foreign Administrative Agent

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Administrative agency or "agency" means each board, bureau, commission, department, or other administrative unit of the executive branch of state government, including one or more officers, employees, or other persons directly or indirectly purporting to act on behalf or under authority of the agency. An administrative unit located within or subordinate to an administrative agency must be treated as part of that agency to the extent it purports to exercise authority subject to this chapter. The term administrative agency does not include:

  • Administrative Agent's Payment Office means the address for payments set forth on the signature pages hereof in relation to the Administrative Agent or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.01.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Borrower Agent as defined in Section 4.4.

  • Administrative Agent-Related Persons means Administrative Agent, its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and its Affiliates.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.

  • Authorized Borrower Representative means a person at the time designated and authorized to act on behalf of the Borrower by a written certificate furnished to the Governmental Lender, the Funding Lender, the Fiscal Agent and the Servicer and containing the specimen signature of such person and signed on behalf of the Borrower by its Borrower Controlling Entity which certificate may designate one or more alternates.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Foreign Bank means an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations, (iv) receives deposits to a substantial extent in the regular course of its business, and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank;