Facility Agent Sample Clauses
The Facility Agent clause designates a specific party, often a financial institution, to act as the central coordinator and administrative representative for all lenders involved in a syndicated loan agreement. This agent is responsible for managing communications between the borrower and the lenders, distributing payments, and handling documentation or notices related to the facility. By centralizing these administrative tasks, the clause streamlines the management of the loan, reduces the risk of miscommunication, and ensures that all parties receive consistent information and treatment throughout the life of the agreement.
POPULAR SAMPLE Copied 4 times
Facility Agent. Nedbank Limited (acting through its Nedbank Capital and Nedbank Corporate divisions) ▇▇▇▇▇ ▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Telefax No: (011) 294 6366 Attention: ▇▇▇▇ ▇▇▇▇▇▇
Facility Agent. EXECUTED as a DEED ) for and on behalf of ) ING BANK N.V. ) by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ its duly authorised attorney-in-fact ) in the presence of: )
Facility Agent. (a) If (i) the Facility Agent receives written notice that a Default or Event of Default has occurred and is continuing, or (ii) the Responsible Officer, in the course of reviewing a Notice of Borrowing or any accompanying or related documents pursuant to this Section 3, determines, in his or her judgment, taking into account such information of which such Responsible Officer has actual knowledge at the time, or otherwise obtains actual knowledge that a Default or Event of Default has occurred and is continuing, then the Facility Agent shall promptly, and in any event within five (5) days of making such a determination based on judgment, notify Ex-Im Bank and the Borrower in writing of such Default or Event of Default.
(b) The Facility Agent shall promptly inform Ex-Im Bank of the contents of any notice or document received by it from the Borrower hereunder, unless Ex-Im Bank has been shown to have been copied on such notice or document.
(c) If Ex-Im Bank requires any additional information in connection with any documentation submitted or request made pursuant to this Section 3, then the Facility Agent shall, at Ex-Im Bank's request, provide reasonable assistance to Ex-Im Bank in obtaining additional information or addressing any omissions or deficiencies in documentation.
(d) If the Facility Agent receives written notice or the Responsible Officer has actual knowledge that all or any portion of the Guaranteed Credits or the Loans has been cancelled (other than by Ex-Im Bank), or that any Disbursement or Utilization under this Agreement has been suspended, it shall promptly so notify Ex-Im Bank.
(e) The Facility Agent shall ensure that, prior to providing a Utilization Conditions Review Notice, Disbursement Review Notice or Operations Review Notice to Ex-Im Bank, or at the request of Ex-Im Bank at any other time during the Availability Period, it shall consult with the Responsible Officer in relation to the matters referred to in a Utilization Conditions Review Notice, Disbursement Review Notice or Operations Review Notice.
Facility Agent. While Nedbank is the only Lender under the Facility, all references to the Facility Agent in this Agreement shall be construed as references to Nedbank in its capacity as a Lender.
Facility Agent s management time
Facility Agent. Under the Intercreditor Agreement each Lender has appointed the Facility Agent to act as its facility agent under and in connection with the Finance Documents including, in respect of the Senior Facilities, the disbursement of Loans, the receipt of amounts payable to the Lenders under the Finance Documents, any amendments of, or waivers or consents under, the applicable Finance Documents, the receipt of documents and information required to be delivered to the Lenders under the Finance Documents, the receipt of notices from the Borrower to the Finance Parties (or any of them) under the Finance Documents, and the giving of notices to the Borrower by the Finance Parties (or any of them) under the Finance Documents (together, the Agency Matters).
Facility Agent. On and from the Substitution Date the Facility Agent:
(a) will make all payments received by it in respect of the Substituted Commitments, Substituted Obligations, Substituted Rights and Substituted Portion to the New Financier; and
(b) treat the New Financier as Financier with Commitments equal to the aggregate of the Substituted Commitments and the Commitments of the New Financier immediately before the Substitution Date, if any.
Facility Agent. All communications between the Lenders and the Borrower and/or the Issuing Bank in relation to this Agreement shall be made through the Facility Agent.
Facility Agent. Unless inconsistent with the context or contrary indication appears, references to the Facility Agent's written consent, approval of or any other similar action, decision or determination in this Agreement shall be to the Facility Agent acting on the instructions of the applicable Senior Term Facility A Lenders in accordance with the terms of the applicable Finance Documents.
Facility Agent. Signed by