Examples of Interim Administrative Agent in a sentence
Upon receipt of any such notice the Interim Administrative Agent shall promptly notify each relevant Lender thereof.
Each Blocked Account Control Agreement is effective to create in favor of the Interim Administrative Agent, for the benefit of the "secured parties" as defined in the Interim Credit Agreement, a legal, valid and enforceable security interest in the Collateral described therein and the proceeds thereof.
If no successor agent has accepted appointment as Interim Administrative Agent by the date that is 30 days following a retiring Interim Administrative Agent’s notice of resignation, the retiring Interim Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of the Interim Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above.
In the event that the Interim Administrative Agent receives such a notice, the Interim Administrative Agent shall give notice thereof to the Lenders.
The Interim Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.
NOW THEREFORE BE IT RESOLVED, by the Borough Council of the Borough of Maywood, in the County of Bergen, and the State of New Jersey that Roberta Stern is hereby appointed as the Interim Administrative Agent for the administration of the Affordable Housing Program, pursuant to and in accordance with the Code of the Borough of Maywood pursuant to the terms herein.
After any retiring Interim Administrative Agent’s resignation as Interim Administrative Agent the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Interim Administrative Agent under this Agreement and the other Loan Documents.
The Borrowers shall give the Interim Administrative Agent irrevocable notice (which notice must be received by the Interim Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the anticipated Funding Date) requesting that the Term Lenders make the Term Loans on the Funding Date and specifying the amount to be borrowed.
In making determinations and allocations required by this Section, the Interim Administrative Agent may conclusively rely upon information provided to it by the holder of the relevant Interim Obligations (which, in the case of the immediately preceding sentence shall be a reasonable estimate of the amount of the Interim Obligations) and shall not be required to, or be responsible for, ascertaining the existence of or amount of any Interim Obligations.
The athlete must return all equipment issued to him/her: If the equipment is lost and/or stolen (by others), the athlete must pay the school the amount required to replace the missing item.