Examples of Loan Agents in a sentence
The applicable Loan Agents shall each fully cooperate with the Disbursing Agent and provide all information and other assistance required by the Disbursing Agent to make the distributions under the Plan.
This SOP also addresses monitoring of Non-Lending Technical Assistance Providers (NTAPs) along with enforcement procedures for NTAPs and Loan Agents that participate in SBA financial assistance programs.
On the Effective Date, the Loan Agents are authorized and directed to take such actions as are necessary or appropriate to effect all transactions specified or referred to in or provided for under the Noteholder Plan.
For purposes of this SOP, Loan Agents refer to an Agent under 13 CFR 103.1(a) of an applicant or participant in SBA’s business loan programs.
The amount of any reasonable fees and out-of-pocket expenses incurred by the DIP Agents or Term Loan Agents on or after the Effective Date (including taxes) and any reasonable compensation and out-of-pocket expense reimbursement claims (including reasonable, actual, and documented attorney and/or other professional fees and expenses) made by the DIP Agents or Term Loan Agents in connection with effectuating distributions under the Plan shall be paid in Cash by the Reorganized Debtors.
The Loan Agents shall be discharged and shall have no further obligation or liability except as provided in the Plan and Confirmation Order, and after the performance by the Loan Agents and their representatives and professionals of any obligations and duties required under or related to the Plan or Confirmation Order, the Loan Agents shall be relieved of and released from any obligations and duties arising thereunder.
The fees, expenses, and costs of the Loan Agents, including fees, expenses, and costs of its professionals incurred after the Effective Date in connection with the First Lien Credit Agreement or the Second Lien Term Credit Agreement, as applicable, and reasonable and documented costs and expenses associated with effectuating distributions pursuant to the Plan, if any, will be paid in accordance with the terms of the Plan.
The Loan Agents shall take all actions reasonably requested by the Disbursing Agent to identify the names and addresses of Holders of Allowed Loan Claims and Allowed Loan Guaranty Claims.
Counsel to the DIP Agents, the Term Loan Agents, the First Lien Term Loan Lenders, and Second Lien Term Loan Lenders shall be authorized to disburse any and all retainer monies in its possession to reimburse the reasonable fees and expenses of such counsel.
The credit administration criteria include: Creditworthiness; Collateral; Closing and Disbursement; Regular Servicing and Assessment of Continued Creditworthiness; Collection Practices and Intensive Servicing and Liquidation; Active Purchases Management; Other Portfolio Management Items (i.e., Consistency with SBA Policy, Risk Rating Systems, etc.); and Other Risk Characteristics (i.e., Effectiveness of Internal controls, Use of Loan Agents, Loan Sales/Participations, etc.).