AGENTS AND LENDERS Sample Clauses
The "Agents and Lenders" clause defines the roles, rights, and responsibilities of the agent and the lenders in a loan agreement. It typically outlines how the agent acts on behalf of all lenders, manages communications, and administers the loan, including collecting payments and distributing funds. For example, the agent may be responsible for enforcing the terms of the agreement or coordinating actions if the borrower defaults. This clause ensures efficient administration of the loan and clarifies the relationship between multiple lenders and the agent, reducing confusion and potential disputes.
AGENTS AND LENDERS rights and remedies under this Agreement shall be cumulative and nonexclusive of any other rights and remedies that Agent or any Lender may have under any other agreement, including the other Loan Documents, by operation of law or otherwise. Recourse to the Collateral shall not be required.
AGENTS AND LENDERS. Each bank serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.
AGENTS AND LENDERS rights and remedies under this Agreement or otherwise arising are cumulative and may be exercised singularly or concurrently. Neither the failure nor any delay on the part of Agent or any Lender to exercise any right, power or privilege under this Agreement shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege preclude any other or further exercise of that or any other right, power or privilege. NONE OF AGENT OR ANY LENDER SHALL BE DEEMED TO HAVE WAIVED ANY OF ITS RESPECTIVE RIGHTS UNDER THIS AGREEMENT OR UNDER ANY OTHER AGREEMENT, INSTRUMENT OR PAPER SIGNED BY BORROWER UNLESS SUCH WAIVER IS EXPRESSED IN WRITING AND SIGNED BY AGENT, REQUISITE LENDERS OR ALL LENDERS, AS APPLICABLE. A waiver on any one occasion shall not be construed as a bar to or waiver of any right or remedy on any future occasion.
AGENTS AND LENDERS. 47 12.1 Agents....................................................47 12.2 Expenses..................................................50 12.3
AGENTS AND LENDERS. 49 12.1 Agents........................................................................ 49 12.2
AGENTS AND LENDERS. ABLECO FINANCE LLC, as Collateral Agent, Administrative Agent and Lender, for itself as a Lender and on behalf of its affiliate assigns as Lenders
AGENTS AND LENDERS. UBS AG, STAMFORD BRANCH, as Issuing Bank, Lender, Swingline Lender, Administrative Agent and Collateral Agent
AGENTS AND LENDERS. FIFTH THIRD BANK, an Ohio banking corporation, and successor by merger to Fifth Third Bank, a Michigan banking corporation, as Administrative Age9n, Collateral Agent and a Lender By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: Vice President Amendment No. 3 to First Lien Credit and Guaranty Agreement
AGENTS AND LENDERS. THE BANK OF NOVA SCOTIA, as Administrative Agent, Issuing Lender and Lender By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Director, Paper For Forest Products /s/ ▇▇▇▇ Nomaghan ▇▇▇▇ ▇▇▇▇▇▇▇▇ Associate [Credit Agreement — Bowater Canadian Forest Products Inc.] WACHOVIA BANK, NATIONAL ASSOCIATION, as Documentation Agent By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Vice President [Credit Agreement — Bowater Canadian Forest Products Inc.] BANK OF MONTREAL, as Swingline Lender and Lender By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Director [Credit Agreement — Bowater Canadian Forest Products Inc.] THE TORONTO DOMINION BANK, as Lender By: /s/ Parin Karnj Name: Parn Karnj Title: Manager [Credit Agreement — Bowater Canadian Forest Products Inc.] ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Plaza, 62nd Floor Toronto, Ontario M5W 2X6 Attention: Corporate Banking Loan Syndication Re: Credit Agreement dated as of May 31, 2006 (as amended, the "Credit Agreement") by and among Bowater Canadian Forest Products Inc., as borrower (the "Borrower"), Bowater Incorporated, as guarantor (the "U.S. Borrower"), the banks and financial institutions party thereto, as lenders (the "Lenders"), and The Bank of Nova Scotia, as administrative agent (the "Administrative Agent") This Authorization acknowledges our receipt and review of the execution copy of Credit Agreement in the form posted on SyndTrak Online. By executing this Authorization, we hereby approve the Credit Agreement and authorize the Administrative Agent to execute and deliver the Credit Agreement on our behalf. Each financial institution executing this Authorization agrees or reaffirms that it shall be a party to the Credit Agreement and the other Loan Documents (as defined in the Credit Agreement) to which Lenders are parties and shall have the rights and obligations of a Lender (as defined in the Credit Agreement), and agrees to be bound by the terms and provisions applicable to a "Lender", under each such agreement. In furtherance of the foregoing, each financial institution executing this Authorization agrees to execute any additional documents reasonably requested by the Administrative Agent to evidence such financial institution's rights and obligations under the Credit Agreement. By: Name: Title: $ (or any higher amount based on the Dollar Amount of Revolving Credit Loans denominated in Canadian Dollars made by the Lender to the Borrower) .200 FOR VALUE RECEIVED, the undersigned, BOWAER CANADIAN FOREST PRODUC...
AGENTS AND LENDERS. CREDIT SUISSE, Cayman Islands Branch, as the Administrative Agent and the Collateral Agent