Examples of Old Administrative Agent in a sentence
Each Administrative Agent shall act solely in accordance with the instructions of the Managing Facility Agent (including pursuant to Sections 11.10, 11.11 and 11.12) which in the case of the Old Administrative Agent shall be deemed to include any action taken by the Managing Facility Agent pursuant to a power of attorney granted by the Old Administrative Agent in favor of the Managing Facility Agent.
Without limiting the foregoing, the Old Administrative Agent shall not have any liability for (i) any action, or omission to act, which is made in accordance with the instructions of the Managing Facility Agent or (ii) the failure to act if it has not received any instructions from the Managing Facility Agent.
Notwithstanding any of the provisions of this Section 11.1 no provision of the Agreement which affects the rights or obligations of the Old Administrative Agent shall be amended without the written consent of the Old Administrative Agent.
The Old Administrative Agent shall have the right to resign as an Administrative Agent in accordance with the letter, dated March 17, 1999, among the Old Administrative, Raytheon and the Managing Facility Agent, relating to the Old Administrative Agent's term as an Administrative Agent.
All UCC filings made pursuant to the 1997 Agreement which listed the Old Administrative Agent as the secured party shall have been assigned to Bank of America National Trust and Savings Association as Managing Facility Agent.
The Old Administrative Agent shall have executed a limited power of attorney granting Bank of America National Trust and Savings Association, as Administrative Agent, the ability to act on behalf of the Old Administrative Agent with respect to any documents which relate to the Old Administrative Agent's Lien on Aircraft, located in the United States, which secure Receivables.
The rights, obligations and duties of the Old Administrative Agent shall be governed by the terms and provisions of the letter, dated as of March 9, 2001, among the Old Administrative Agent, Raytheon, Raytheon Credit and the Managing Facility Agent.