Term Loan Administrative Agent definition
Examples of Term Loan Administrative Agent in a sentence
The entries in the Term Register shall be conclusive absent manifest error, and the Borrowers, the Term Loan Administrative Agent and Term Lenders, shall treat each Person whose name is recorded in the Term Register pursuant to the terms hereof as a Term Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
If such Term Lender shall repay to the Term Loan Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Term Lender’s Term Loan as part of such Borrowing for purposes of this Agreement.
If the Borrowers shall repay to the Term Loan Administrative Agent such corresponding amount, such payment shall not relieve such Term Lender of any obligation it may have hereunder to the Borrowers.
No Loan Party shall grant control (as defined in the Uniform Commercial Code) of any Deposit Account to any person other than the Collateral Agent and the Term Loan Administrative Agent.
Upon receipt of any Discounted Voluntary Prepayment Notice, the Term Loan Administrative Agent shall promptly notify each relevant Lender thereof.