Examples of WBNA Agent in a sentence
The WBNA Agent shall not be under any obligation to WBNA to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Seller.
The appointment and authority of the WBNA Agent hereunder shall terminate at the indefeasible payment in full of the Aggregate Unpaids.
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 determination by the Agent of such amount of interest shall, in the absence of manifest error, be conclusive.
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.
The WBNA Agent may, upon five days’ notice to the Seller and WBNA, and the WBNA Agent will, upon the direction of WBNA, resign as WBNA Agent.
The WBNA Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of WBNA, and such request and any action taken or failure to act pursuant thereto shall be binding upon WBNA.
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.