Funding Agents definition
Examples of Funding Agents in a sentence
Each of the Investors and the Funding Agents hereby designates Barclays Bank PLC, as the Series 2026-1 Class A-1-V Administrative Agent hereunder, and hereby authorizes the Series 2026-1 Class A-1-V Administrative Agent to take such actions and to exercise such powers as are delegated to the Series 2026-1 Class A-1-V Administrative Agent by the terms of this Agreement together with such powers as are reasonably incidental thereto.
The provisions of this Article (other than the rights of the Issuer set forth in Section 5.07) are solely for the benefit of the Series 2026-1 Class A-1-V Administrative Agent, the Investors and the Funding Agents, and the Issuer shall not have any rights as a third party beneficiary of any such provisions.
In performing its functions and duties hereunder, the Series 2026-1 Class A-1-V Administrative Agent shall act solely as agent for the Investors and the Funding Agents and does not assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for the Issuer or any of its successors or assigns.
Requests for any Borrowing may not be made in an aggregate principal amount of less than $500,000 or in an aggregate principal amount that is not an integral multiple of $100,000 in excess thereof (or, in each case, such other amount as agreed to by the Funding Agents); except as otherwise provided herein with respect to Advances for the purpose of repaying then-outstanding Unreimbursed L/C Drawings.
Each Letter of Credit Provider shall promptly furnish to the Series 2026-1 Class A-1-V Administrative Agent, which shall in turn promptly furnish to the Funding Agents, the Investors, and the Indenture Trustee, written notice of the issuance of each Letter of Credit (including the amount thereof).