WBNA Agent definition
Examples of WBNA Agent in a sentence
The determination by the Agent of such amount of interest shall, in the absence of manifest error, be conclusive.
WBNA expressly acknowledges that neither the WBNA Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the WBNA Agent hereafter taken, including, without limitation, any review of the affairs of the Seller, shall be deemed to constitute any representation or warranty by the WBNA Agent.
The appointment and authority of the WBNA Agent hereunder shall terminate at the indefeasible payment in full of the Aggregate Unpaids.
The WBNA Agent shall not be deemed to have knowledge of any Unmatured Termination Event, Termination Event or Servicer Default unless the WBNA Agent has received notice from the Seller or a Secured Party.
With respect to the Advances made pursuant to this Agreement, the WBNA Agent and each of its Affiliates shall have the same rights and powers under this Agreement as the Purchasers and may exercise the same as though it were not the WBNA Agent and the terms “Purchaser” and “Purchasers” shall include the WBNA Agent in its individual capacity.
If the WBNA Agent shall resign, then WBNA, during such five day period, shall appoint a successor agent.
The WBNA Agent shall in all cases be entitled to rely, and shall be fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Seller), independent accountants and other experts selected by the WBNA Agent.
In performing its functions and duties hereunder, the WBNA Agent shall act solely as agent for WBNA and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Seller or any of its successors or assigns.
The WBNA Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.
After any retiring WBNA Agent’s resignation hereunder as WBNA Agent, the provisions of Articles XI and XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the WBNA Agent under this Agreement.