Impaired Agent definition

Impaired Agent means the Agent at any time when:

Impaired Agent means the Facility 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:

Examples of Impaired Agent in a sentence

• If the Agent is an Impaired Agent the Parties may, instead of communicating with each other through the Agent, communicate with each other directly and (while the 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 the Agent shall be varied so that communications may be made and notices given to or by the relevant Parties directly.

• If an Agent is an Impaired Agent the parties to this Agreement 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 Credit 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 to this Agreement directly.

• If the Facility Agent is an Impaired Agent the Parties may, instead of communicating with each other through the Facility Agent, communicate with each other directly and (while the Facility 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 the Facility Agent shall be varied so that communications may be made and notices given to or by the relevant Parties directly.

• After consultation with the Parent, the Required Lenders may, by giving 30 days’ notice to an Agent (or, at any time such Agent is an Impaired Agent, by giving any shorter notice determined by the Required Xxxxxxx) replace such Agent by appointing a successor Agent (subject to Section 12.08(b) and (c)).

• For the avoidance of doubt, the failure of the Agent to deliver the Impaired Agent Notice will not prevent the Parties from communicating directly with each other if the Agent is an Impaired Agent.

More Definitions of Impaired Agent

Impaired Agent means the Agent or the Euro Swingline Agent at any time when:

Impaired Agent means an Administrative Party at any time when:

Impaired Agent means an agent that is:

Impaired Agent means the Facility Agent or the Security Trustee (as the case may be) at any time when:

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 a title agent or direct operation that is designated by the commissioner as an impaired agent and is:

Impaired Agent means the Initial ACF Agent at any time when: