The Facility Agent definition

The Facility Agent is fully protected if it acts on the instructions of the Majority Lenders in the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Lenders will be binding on all the Lenders. In the absence of instructions, the Facility Agent may act as it considers to be in the best interests of all the Lenders.
Sample 1
The Facility Agent shall promptly notify the relevant Lenders of the details of the requested Utilisation and, in the case of an Advance, the currency and amount of its participation in such Advance. Each Request shall be irrevocable and the Borrower named therein shall be bound to borrow the Advance or accept the issue of the Documentary Credit referred to therein.
Sample 1
The Facility Agent shall make such funds available to the Borrower by crediting the principal amount of such Loans to the Operating Account. No Lender's obligation to make any Loan as aforesaid shall be affected by any other Lender's failure to make any other Loan.
Sample 1

Examples of The Facility Agent in a sentence

  • The Facility Agent may effect, on behalf of any Finance Party, an amendment or waiver allowed under this Clause.

  • The Facility Agent must promptly notify each relevant Party of the determination of a rate of interest under this Agreement.

  • The Facility Agent is not deemed to have knowledge of the occurrence of a Default.

  • The Facility Agent must notify the Lenders promptly of receipt of any such notice.

  • The Facility Agent shall notify the Company and the Lenders promptly upon being so satisfied.

  • The Facility Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving any such notification.

  • The Facility Agent must give this notification as soon as reasonably practicable.

  • The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

  • The Facility Agent must then promptly notify the affected Parties.

  • The Facility Agent must supply each relevant Lender with the address of and password for the website.


More Definitions of The Facility Agent

The Facility Agent. The Security Agent:
Sample 1
The Facility Agent. The Security Agent: The Facility Agent: The Mandated Lead Arrangers The Bookrunner Nordea Bank Norge ASA Swedbank AB (publ)
Sample 1
The Facility Agent s resignation notice shall only take effect upon the appointment of a successor.
Sample 1
The Facility Agent shall be to “the Lender” and with any other necessary consequential modifications, as such provisions may be amended upon review by the Facility Agent in accordance with the last paragraph of clause 8.4.4.
Sample 1
The Facility Agent shall without undue delay inform the Lenders and the Borrower of the Interest Rate it has determined for each Interest Period and the interest payable in relation to each Advance. Each determination of the Interest Rate by the Facility Agent hereunder shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Lenders, it being understood that the Facility Agent has no discretion in making the determinations pursuant to this Article 9.
Sample 1

Related to The Facility Agent

  • Facility Agent has the meaning set forth in the Preamble.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

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

  • Exit Facility Agent means the agent under the Exit Facility.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Margin Loan Provider means the Initial Margin Loan Provider, subject to replacement by a replacement Margin Loan Provider, and any of their respective successors.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • 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.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

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