Examples of Tranche B Administrative Agent in a sentence
The Tranche B Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any instruction, determination or request of the Primary Administrative Agent.
Upon execution and delivery of a joinder documentation to this Credit Agreement acceptable to the Tranche B Administrative Agent, the Primary Administrative Agent and the Borrower, Alter Domus (US) LLC (or such other Person designated by the Primary Administrative Agent and the Borrower) shall be appointed as the Tranche B Administrative Agent.
However, the Tranche B Administrative Agent shall retain amounts in respect of Tranche B Right until first Interest Payment Date after the applicable Tranche B Rights are exercised and, upon such Interest Payment Date, the Tranche B Administrative Agent shall pay such amounts to the Tranche B Term Lender of record in respect of the applicable Tranche B Term Loans.
To designate another Person as its Tranche B Recipient, a Tranche B Rights Holder shall deliver a notice of designation, in a form acceptable to the Tranche B Administrative Agent, identifying the Tranche B Rights Holder and the aggregate principal amount of loans to be received by the designated Tranche B Recipient (a “Tranche B Rights Designation”).
If a Tranche B Right is not exercised prior to the repayment in full in cash of the Tranche B Term Facility, the Tranche B Administrative Agent shall pay all such amounts to the Borrower and the Borrower shall pay such amounts to the applicable Tranche B Right Holder.
Such interest shall be payable to the Tranche B Administrative Agent upon each Interest Payment Date both in respect of any then-outstanding Tranche B Term Loans as well as any Tranche B Right.
The Borrower hereby unconditionally promises to pay to the Tranche B Administrative Agent for the account of the appropriate Tranche B Term Lenders, as the case may be, the then unpaid principal amount of each Tranche B Term Loan made to the Borrower outstanding on the Revolving Termination Date in respect of the Tranche B Term Facility (or on such earlier date on which the Loans become due and payable pursuant to Section 8.1).
Both parties hereby acknowledge the other party’s ownership of service marks and trademarks used and/or owned by such party, its holding company, or a subsidiary of its holding company and agree that they will not (nor permit anything to be done by their officers and staff) infringe upon or abridge each other’s rights in their marks or logos; neither party will directly or indirectly challenge the validity of any of the other party’s marks or logos.
Notwithstanding anything contained herein to the contrary (but subject to the indemnity provisions of Section 10.5(c)), any action or any omission to act taken by the Tranche B Administrative Agent at the direction of the Required Lenders (or such other Lenders as may be required to give such instructions under Section 10.1) or any Agent shall not constitute gross negligence or willful misconduct.
The Tranche B Term Loan Refinancing shall have been consummated or arrangements reasonably satisfactory to the Tranche B Administrative Agent shall have been made for the consummation thereof.