Syndicate Relationship Clause Samples

Syndicate Relationship. 17.1 Each Financing Party hereby appoints the Agent Bank as its agent in connection with this Agreement, and authorizes the Agent Bank to exercise rights, power, discretion and all other reasonable affiliated rights expressly granted under this Agreement. Act conducted by the Agent Bank in connection with such appointment shall be binding upon each Financing Party, and the Financing Parties shall exercise its rights hereunder through the Agent Bank. 17.2 During the performance of this Agreement, each Financing Party shall have the rights and obligations in accordance with its share and percentage of the Loan Balance. Obligations of each Lender hereunder shall be independent. Each Lender shall assume liabilities to the Borrower separately for failure or partial failure of performance of the obligations hereunder, without imposing any liability to the Agent Bank and other Lenders, however, other obligations of the Agent Bank and other Lenders hereunder shall not be exempted. 17.3 The Agent Bank shall inform each ▇▇▇▇▇▇ and solicit opinions of each party in writing before it adopts the following resolutions, and shall act according to opinion of the Syndicate meeting: (1) Modify any Financing Documents or enter into any supplemental document with respect to Financing Documents; (2) Consent to exempt the Borrower’s Contribution; (3) Consent to increase the Credit Line; (4) Consent to extend the Borrower’s Drawdown Period; (5) Consent to appoint the Agent ▇▇▇▇’s successor according to provisions hereof; (6) If an Event of Default occurs, announce the cancellation of the loan that are not granted under the Credit Line; (7) If an Event of Default occurs, announce that all or part of the Loan Balance, together with its interest accrued, fees and other payment hereunder shall become due and payable in entirety or in part forthwith; (8) If the Borrower fails to or refuses to repay the loan, announce the realization of security interests or request guarantor to assume joint and several liability according to the guarantee contract; (9) Permit the Lenders to deduct the Borrower’s debt; (10) Announce that the Borrower breaches the contract and claim against the Borrower for liability of breaching the Financing Documents; (11) Decide to file a lawsuit; (12) Relevant matters to be determined by the Syndicate meeting as agreed in the Financing Documents. The Syndicate meeting shall be held in accordance with the provisions of the Interbank Agreements.
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Syndicate Relationship 
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Related to Syndicate Relationship

  • Agency Relationship The Town is authorized to act on behalf of the Eligible Consumers in contracting for electric supply for such Eligible Consumers, and is authorized to act as agent for all Participating Consumers. The Town and Competitive Supplier agree and understand that Participating Consumers shall be principals under this ESA and shall have privity of contract with Competitive Supplier; provided, however, that in any litigation arising under this ESA, only the Town, as agent for the Participating Consumers, has the right to bring claims against the Competitive Supplier.

  • General Relationship Executive shall be considered an employee of the Company within the meaning of all federal, state and local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes.

  • No Agency Relationship Nothing herein contained shall be deemed to authorize or empower either party to act as agent for the other party to this Agreement, or to conduct business in the name, or for the account, of the other party to this Agreement.

  • Lending Relationship Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii) does not intend to use any of the proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter.

  • Debtor-Creditor Relationship The relationship between the Lenders and Agent, on the one hand, and the Loan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.