Group Agent means each Person acting as agent on behalf of a Group and designated as the Group Agent for such Group on the signature pages to this Agreement or any other Person who becomes a party to this Agreement as a Group Agent for any Group pursuant to an Assumption Agreement, an Assignment and Acceptance Agreement or otherwise in accordance with this Agreement.
Group Agent means each Person acting as agent on behalf of a Group and designated as a Group Agent for such Group on the signature pages to this Agreement or any other Person who becomes a party to this Agreement as a Group Agent pursuant to an Assumption Agreement or a Transfer Supplement.
Group Agent s Account” means, with respect to any Group, the account(s) from time to time designated in writing by the applicable Group Agent to the Borrower and the Servicer for purposes of receiving payments to or for the account of the members of such Group hereunder.
Examples of Group Agent in a sentence
The scope of the above agreed upon procedures report or other reports shall be as reasonably requested by the Administrative Agent or any Group Agent.
If the Administrative Agent receives such a notice, it shall promptly give notice thereof to each Group Agent, whereupon each Group Agent shall promptly give notice thereof to its respective Conduit Purchaser(s) and Related Committed Purchaser(s).
No Group Agent shall have any duties other than those expressly set forth in the Transaction Documents, and no implied obligations or liabilities shall be read into any Transaction Document, or otherwise exist, against any Group Agent.
No Group Agent assumes, nor shall it be deemed to have assumed, any obligation to, or relationship of trust or agency with any Seller or any Affiliate thereof or any Purchaser except for any obligations expressly set forth herein.
Each Purchaser Party that belongs to a Group hereby appoints and authorizes the Group Agent for such Group to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to such Group Agent by the terms hereof, together with such powers as are reasonably incidental thereto.
More Definitions of Group Agent
Group Agent has the meaning set forth in Section 5.9(b).
Group Agent means the entity designated by the Parent to exercise various administrative and financial responsibilities on behalf of each Group. Unless otherwise designated in writing by the Parent, the Group Agent in respect to the REC Group shall be REC and the Group Agent with respect to the Land Group shall be KSL Land Corporation (Land). It is expressly provided herein that the Group Agent of each of the respective Groups shall be responsible for satisfying any and all of the conditions or obligations set forth in this Agreement with respect to the Group with respect to which it serves as Group Agent and for satisfying any and all of the conditions and obligations set forth in this Agreement with respect to each of the Group Members of the respective Groups which is not a Signator Corporation, irrespective of whether such Group Member is referred to in this Agreement as a Group Member or a Member. Further, where expressly provided, each Group Agent shall also be responsible for satisfying those conditions and obligations set forth in this Agreement on behalf of any Group Member of the respective Groups which is a Signator Corporation, irrespective of whether such Group Member is referred to in this Agreement as a Group Member or a Member.
Group Agent. As defined in Section 7.08(b).
Group Agent means (a) with respect to the Credit Suisse Buying Group, the Credit Suisse Group Agent; (b) with respect to the JPM Buying Group, the JPM Group Agent and (c) any Person that becomes a party to the Repurchase Agreement as a “Group Agent” hereunder.
Group Agent means such successor Group Agent effective upon such appointment and approval, and the former Group Agent’s rights, powers and duties as Group Agent shall be terminated, without any other or further act or deed on the part of such former Group Agent or any of the parties to this Agreement or any holders of the Purchased Mortgage Loans or the Interests. If no successor Group Agent has been appointed and shall have accepted such appointment within 30 days after the retiring Group Agent’s giving notice of its resignation, then the retiring Group Agent, on behalf of the Buyers in such Buying Group, may appoint a Group Agent. Upon the acceptance of any appointment as the Group Agent hereunder by a successor Group Agent, such successor Group Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Group Agent, and the retiring Group Agent shall be discharged from its duties and obligations, under this Agreement and the other Program Agreements. After any retiring Group Agent’s resignation as Group Agent, the provisions of this Section 36 shall inure to the benefit as to any actions taken or omitted to be taken by it while it was Buyer under this Agreement and the other Program Agreements.
Group Agent means each Person acting as agent on behalf of a Group and designated as the Group Agent for such Group on the signature pages to this Agreement or any other Person who becomes a party to this Agreement as a Group Agent for any Group pursuant to an Assumption Agreement, an Assignment and Acceptance Agreement or otherwise in accordance with this Agreement. “Group Agent’s Account” means, with respect to any Group, the account(s) from time to time designated in writing by the applicable Group Agent to the Seller and the Servicer for purposes of receiving payments to or for the account of the members of such Group hereunder. “Group B Obligor” means an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) that is not a Group A Obligor, with a short-term rating of at least: (a) “A-2” by S&P, or if such Obligor does not have a short-term rating from S&P, a rating of “BBB+” to “A” by S&P on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities, and (b) “P-2” by Moody’s, or if such Obligor does not have a short-term rating from Moody’s, “Baal” to “A2” by Moody’s on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities; provided, however, if such Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) is rated by only one of such rating agencies, then such Obligor will be a “Group B Obligor” if it satisfies either clause (a) or clause (b) above; provided, further, that if such Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) receives a split rating from S&P and Moody’s and satisfies only one of clause (a) or clause (b) above, then such Obligor shall be deemed to have satisfied each of clause (a) or clause (b) above. Notwithstanding the foregoing, (i) any Obligor that is a Subsidiary of an Obligor that satisfies the definition of “Group B Obligor” shall be deemed to be a Group B Obligor and shall be aggregated with the Obligor that satisfies such definition for the purposes of determining the “Concentration Reserve Percentage”, the “Concentration Reserve” and clause (i) of the
Group Agent is defined in the Preamble.