Impaired Agent definition
Impaired Agent means the Agent at any time when:
Impaired Agent means the Agent, the Swingline Agent or the Issuing Agent, as the context requires, at any time when:
Impaired Agent means the Agent or the Euro Swingline Agent at any time when:
Examples of Impaired Agent in a sentence
If an Agent is an Impaired Agent, the Parties and the Collateral Monitor may, instead of communicating with each other through such Agent, communicate with each other directly and (while such Agent is an Impaired Agent) all the provisions of the Finance Documents which require communications to be made or notices to be given to or by such Agent shall be varied so that communications may be made and notices given to or by the relevant Parties or the Collateral Monitor directly.
More Definitions of Impaired Agent
Impaired Agent means the Agent at any time when: (a) it has failed to make (or has notified a Party that it will not make) a payment required to be made by it under the Finance Documents by the due date for payment; (b) the Agent otherwise rescinds or repudiates a Finance Document; (c) (if the Agent is also a Lender) it is a Defaulting Lender under paragraph (a) or (b) of the definition of "Defaulting Lender"; (d) it is a Sanctioned Agent; or 11 3202599488
Impaired Agent means the Agent at any time when:
1.1.60.1 it has failed to make (or has notified a Party that it will not make) a payment required to be made by it under the Finance Documents by the due date for payment;
1.1.60.2 the Agent otherwise rescinds or repudiates a Finance Document;
1.1.60.3 (if the Agent is also a Lender) it is a Defaulting Lender under Clause 1.1.25.1or 1.1.25.2 or 1.1.25.3 of the definition of “Defaulting Lender”; or
1.1.60.4 an Insolvency Event has occurred and is continuing with respect to the Agent; unless, in the case of Clause 1.1.60.1 above:
Impaired Agent means an Administrative Party at any time when:
Impaired Agent means the Facility Agent or the Security Trustee (as the case may be) at any time when:
Impaired Agent means an agent that is:
Impaired Agent means the Initial ACF Agent at any time when:
Impaired Agent means a title agent or direct operation that is designated by the commissioner as an impaired agent and is: