Multicurrency Agent definition
Examples of Multicurrency Agent in a sentence
The Administrative Agent and the Multicurrency 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.
Each of the Administrative Agent and the Multicurrency Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub‑agents appointed by the Applicable Agent.
The Administrative Agent and the Multicurrency Agent may each, at any time, give written notice of its resignation to the Lenders and the Borrower.
In determining compliance with any condition hereunder to the making of an Advance, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent and the Multicurrency Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent and the Multicurrency Agent shall have received notice to the contrary from such Lender prior to the making of such Advance.
In addition to accountability mechanisms discussed below: It is recommended that any active case management system developed and implemented by the courts includes specific measures to deal with delays in listing of cases for hearing.