Examples of WF Agent in a sentence
Notwithstanding the above or anything herein to the contrary, 50% of the WF Borrower Portfolio Loan Amounts shall be paid from the Split-Funded Loan Collection Account to the deposit account specified by the WF Agent in accordance with the terms and provisions of the Intercreditor Agreement.
For avoidance of doubt, the Special Servicer may conclusively rely on such joint notice without inquiry or confirmation that either the WF Agent or the MUFG Agent, respectively, has received such joint notice.
The WF Borrower and the Servicer each hereby agree not to request or obtain (or permit the request for or obtaining of) any advances or loans from the WF Agent or any of the WF Secured Parties with respect to any of the foregoing.
To the extent the Special Servicer receives any collections with respect to any Split-Funded Notes Receivable it shall hold such amounts in trust for the benefit of the MUFG Agent, the MUFG Secured Parties, the WF Agent, and the WF Secured Parties until applied in accordance with this Agreement.
The WF Agent and the WF Borrower are parties to that certain Amended and Restated Loan and Security Agreement, dated as of June 29, 2015 (as has been and may be amended, restated, supplemented, or modified from time to time, the “WF Loan Agreement”), by and among the WF Borrower, the WF Agent, and the lenders, issuing banks, and bank product providers from time to time party thereto (each, a “WF Secured Party,” and together, the “WF Secured Parties”).
Nothing in this Section 9.2 shall be construed as a waiver by the WF Agent or any WF Secured Party of (a) its rights to receive its applicable share of the collections of any Split-Funded Note Receivable, or (b) its other rights under the WF Loan Documents.
The Workflow (WF) Agent is one of the most vital agents and should have at least one instance running at all times to process asynchronous workflows.
It is understood and agreed that this Agreement shall in no way be construed as a commitment or agreement by any of the MUFG Agent, any of the MUFG Secured Parties, the WF Agent, or any of the WF Secured Parties to make or continue to make any extensions of credit and that any such party may terminate any such existing commitments in accordance with the MUFG Loan Documents or the WF Loan Documents, as applicable.
The Special Servicer shall not be liable for any action taken or not taken by it with the consent, or at the direction, of the MUFG Agent and WF Agent or in the absence of the Special Servicer’s own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment.
The MUFG Agent and the WF Agent each further hereby agrees that if it shall receive any collections (including payments received by setoff or in error that are subject to this Agreement), such party shall promptly (in no event later than five (5) Business Days after receipt thereof) distribute to the other party such other party’s share of the collections so received.