Common parties Clause Samples
The "Common parties" clause identifies and defines the individuals or entities that are recognized as parties to the agreement. It typically lists the names and roles of each party involved, ensuring that all participants are clearly specified and understood within the contract. By establishing who the parties are, this clause eliminates ambiguity and ensures that rights, obligations, and responsibilities are properly attributed, thereby preventing disputes over party identity or involvement.
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Common parties. The Facility Agent and the Security Agent have entered into the Finance Documents in their separate capacities (a) as Facility Agent for the Lenders under and pursuant to this Agreement (in the case of the Facility Agent) and (b) as security agent and trustee for the Lenders and the Facility Agent under and pursuant to this Agreement, to hold the guarantees and/or security created by the Security Documents on the terms set out in such Security Documents (in the case of the Security Agent). However, from time to time the Facility Agent and the Security Agent may be the same entity. When the Facility Agent and the Security Agent are the same entity and any Finance Document provides for the Facility Agent to communicate with or provide instructions to the Security Agent (and vice versa), it will not be necessary for there to be any such formal communications or instructions on those occasions.
Common parties. Although the Agent and the Security Agent may from time to time be the same entity, that entity will have entered into the Finance Documents (to which it is party) in its separate capacities as agent for the Finance Parties and (as appropriate) security agent and trustee for the Finance Parties. Where any Finance Document provides for the Agent or Security Agent to communicate with or provide instructions to the other, while they are the same entity, such communication or instructions will not be necessary.
Common parties. Notwithstanding that the Agent and the Security Trustee may from time to time be the same entity, the Agent and the Security Trustee have entered into this Agreement in their separate capacities as agent or (as appropriate) security agent and trustee for the Finance Parties provided that, where this Agreement provides for the Agent or Security Trustee to communicate with or provide instructions to another Agent or Security Trustee, while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions notwithstanding that this Agreement provides in certain cases for the same to be in writing.
Common parties. Notwithstanding that the Facility Agent and the Security Agent may from time to time be the same entity, the Facility Agent and the Security Agent have entered into this Agreement in their separate capacities as agent or (as appropriate) security agent and trustee for the Finance Parties provided that, where this Agreement provides for the Facility Agent or Security Agent to communicate with or provide instructions to another Facility Agent or Security Agent while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions.
Common parties. Notwithstanding that the Senior Agent and the Security Agent may from time to time be the same entity, the Senior Agent and the Security Agent have entered into the Finance Documents (to which they are party) in their separate capacities as agent for the Senior Finance Parties or (as appropriate) Security Agent for the Secured Parties provided that, where any Finance Document provides for the Senior Agent or Security Agent to communicate with or provide instructions to the other, while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions notwithstanding that the Finance Documents provide in certain cases for the same to be in writing.
Common parties. Notwithstanding that the Agent and the Security Trustee may from time to time be the same entity, the Agent and the Security Trustee have entered into the Finance Documents (to which they are party) in their separate capacities as agent for the Finance Parties or (as appropriate) security agent and trustee for the Finance Parties provided that, where any Finance Document provides for the Agent or Security Trustee to communicate with or provide instructions to the other, while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions notwithstanding that the Finance Documents provide in certain cases for the same to be in writing.
Common parties. Notwithstanding the fact that the Administrative Agent and the Security Trustee may from time to time be the same person, both the Administrative Agent and the Security Trustee have entered into this Agreement in such separate capacity. However, where the Finance Documents (or any of them) provide for the Administrative Agent or the Security Trustee to communicate with, or provide instructions to, the other, to the extent that the Administrative Agent and the Security Trustee are the same person there shall be no requirement for any such formal instruction or communication to be given or made, notwithstanding the terms of the Finance Document(s) in question.