Managing Administrative Agent definition

Managing Administrative Agent means such successor agent effective upon such appointment and approval, and the former Managing Administrative Agent’s rights, powers and duties as Managing Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Managing Administrative Agent or any of the parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Managing Administrative Agent by the date that is 10 days following a retiring Managing Administrative Agent’s notice of resignation, the retiring Managing Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Managing Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. After any retiring Managing Administrative Agent’s resignation as Managing Administrative Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Managing Administrative Agent under this Agreement and the other Loan Documents.
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Managing Administrative Agent as defined in the preamble hereof.
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Managing Administrative Agent means such successor agent, and the former Managing Administrative Agent’s rights, powers and duties as Managing Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Managing Administrative Agent or any of the parties to this Agreement or any holders of the Loans. After any retiring Managing Administrative Agent’s resignation or removal as Managing Administrative Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Managing Administrative Agent under this Agreement and the other Loan Documents.
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Examples of Managing Administrative Agent in a sentence

  • The Managing Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

  • The Managing Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Managing Administrative Agent.

  • Notwithstanding any provision to the contrary elsewhere in this Agreement, the Managing Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Managing Administrative Agent.

  • The Managing Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

  • Upon receipt of any such notice the Managing Administrative Agent shall promptly notify each Lender thereof.

  • This Agreement and any separate letter agreements with respect to fees payable to the Managing Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.

  • In the event that the Managing Administrative Agent receives such a notice, the Managing Administrative Agent shall give notice thereof to the Lenders.

  • Any amounts received after such time on any date may, in the discretion of the Managing Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.

  • The Managing Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

  • The rights and remedies of the Managing Administrative Agent and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have.


More Definitions of Managing Administrative Agent

Managing Administrative Agent means JPMorgan Chase Bank, N.A., in its capacity as managing administrative agent.
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Managing Administrative Agent means Barclays Bank PLC, in its capacity as managing administrative agent.
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Managing Administrative Agent means Royal Bank of Canada, in its capacity as managing administrative agent.
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Managing Administrative Agent means BofA and any successors assuming the position of ----------------------------- "Managing Administrative Agent" under the Credit Documents. "Margins" shall mean cash and government securities which are required by third parties to ------- support business transactions conducted with the Company and are restricted for that purpose and are not immediately available to the Company unless the underlying business transaction has been changed to cause the release of such cash or securities with the dollar amount of such cash and securities shown as "Margins" on the most recent Covenant Compliance Certificate delivered by the Company pursuant to Paragraph 9(a)(3) of the Agreement and shall equal that dollar portion of "Other Receivables" shown on the consolidated balance sheet of the Company and its Subsidiaries as of the most recent Applicable Financial Test Date delivered by the Company, prepared in accordance with GAAP. "Maximum Multi-Year Facility Commitment" shall mean at any date for any Multi-Year Lender at -------------------------------------- any date the maximum dollar portion of Multi-Year Loans that such Multi-Year Lender has agreed to make or to participate in, as set forth on the current Commitment Schedule, as such amount may be increased or decreased as provided in the Credit Documents. "Maximum Short Term Facility Commitment" shall mean for any Short Term Lender at any date -------------------------------------- the maximum dollar portion of Short Term Loans that such Short Term Lender has agreed to make or to participate in, as set forth on the current Commitment Schedule, as such amount may be increased or decreased as provided in the Credit Documents. "Moody's" shall mean Xxxxx'x Investors Service, Inc. ------- "Mortgage-Backed Security" shall mean a security (including, without limitation, a ------------------------ participation certificate) secured by or representing an undivided interest in a pool of Mortgage Loans each of which Mortgage Loan is secured by a completed single family dwelling (one-to-four family units), which security is: (a)......
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Related to Managing Administrative Agent

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent-Related Persons means Administrative Agent, its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and its Affiliates.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Administrative agency or "agency" means each board, bureau, commission,

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Administrative Agent's Payment Office means the address for payments set forth on the signature pages hereof in relation to the Administrative Agent or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.01.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Administrative Agents means the Administrative Agent and the Canadian Administrative Agent.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to a particular Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in any Alternative Currency, the London Agent.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.