Examples of Term Facility Administrative Agent in a sentence
Upon any such resignation, the Revolving Facility Majority Lenders or Term Facility Majority Lenders, as applicable, shall have the right to appoint a successor Term Facility Administrative Agent or Revolving Facility Administrative Agent, as applicable (with the consent of the Administrative Borrower if no Event of Default then exists).
In the event that Revolving Loan Facility expires, all references to an Administrative Agent or an “applicable Administrative Agent” shall be construed to refer to the Term Facility Administrative Agent.
In the event that the Revolving Facility expires, all references to the Revolving Facility Administrative Agent, the Administrative Agents or the Applicable Administrative Agent shall be construed to refer to the Term Facility Administrative Agent.
For the avoidance of doubt, all references to an Administrative Agent or an “applicable Administrative Agent” shall be construed to refer to the Term Facility Administrative Agent in regard to matters relating exclusively to the Term Loan Facility, the Revolving Facility Administrative Agent, in regard to matters relating exclusively to the Revolving Loan Facility and both the Term Facility Administrative Agent and the Revolving Facility Administrative Agent for matters that affect both Facilities.
The Term Facility Administrative Agent shall retain all power, authority and discretion with regard to the Term Loan Facility and the Revolving Facility Administrative Agent shall retain all power, authority and discretion with regard to the Revolving Loan Facility in each case to the extent such power, authority and discretion is delegated to an Administrative Agent under this Agreement.