The Agent Bank Sample Clauses
The Agent Bank. (1) May assume that (i) any representation made by the Borrower in connection with this Agreement is true; (ii) no Event of Default has occurred; and (iii) Neither party hereunder breaches its obligations hereunder unless the Agent Bank knows otherwise;
(2) May engage lawyers, accountants, appraisers or other professionals it deems necessary and inform each Lender. the Agent Bank may rely on opinions obtained from such professionals;
(3) May rely on and believe any communication or document that is true, including but not limited to any payment instruction;
(4) Shall act in accordance with the instructions of the Syndicate meeting, which requires it to initiate any judicial procedure to defend itself, however, each Lender shall, according to Article 17.8 hereof, compensate, prepay or assume any cost, claim, expense (including but not limited to attorney fees) or liability in connection with observation of such instruction;
(5) If it fails to obtain instruction from any other Financing Party or contact them upon reasonable effort is made, the Agent Bank may not act as such Financing Parties’ agent, or take appropriate actions in its discretion based on good faith on behalf of such Financing Parties, without assuming any liability to such Financing Parties for such omission or action;
(6) In the event that the Financing Parties’ instruction violates applicable laws, it may not act according to such Financing Party’s instruction by giving written notice to each Financing Party.
The Agent Bank. The Pledgor acknowledges that the Guaranteed Creditors assigned a task to the Agent Bank in order to the Agent Bank, on behalf and on the name of Guaranteed Creditors, can:
(a) exercise the rights, the powers and the faculties attributed to Guaranteed Creditors pursuant to this Agreement and, however, with respect to the Pledge;
(b) enter any amendment agreement of this Agreement, any further pledge agreement which must be entered pursuant to the dispositions of this Agreement and possible amendments or integrations as well as any deed or document which will be necessary to the cancellation of the Pledge, included an approval agreement for the cancellation of the agreement; and
(c) enforce the Pledge, it being understood that the Agent Bank will have the possibility to delegate one of the Guaranteed Creditors.
The Agent Bank. Subject Pursuant to the Pledge Agreement, the Borrower agrees to pledge all the land use rights and assets (if any) on the Land as set out in the table below (collectively, the “Pledged Property”) to the Lenders as security to the obligations of the Borrower under the Loan Agreement: Land Property ownership certificate no. Total land area all the landed property owned by the Borrower and located at the east side of Qingyang North Road（ 青洋北路東側）, and to the north side of Taihu Lake Road（ 太湖東路北側）in Tianning District, Changzhou City, Jiangsu Province, the PRC. As at the date of this announcement, the asset value of the land amounted to approximately RMB139.85 million. 0008518 Total land area of 133,181 square meters Term of the Pledge Agreement Being the period commencing from the First Drawing Date and up to the date on which the Borrower fulfills all its repayment obligations under the Loan Agreement.
The Agent Bank. 47 Section 11.1
The Agent Bank. (in accordance with the decision of all Lenders) shall, after giving at least 10 Business Days’ prior notice to the Borrower, require the Borrower to prepay the loans and cancel the Total Commitments, and all loans under the Finance Documents shall become due and payable on the date specified in the notice.
The Agent Bank may disclose to any other party to this Contract any information it reasonably receives in accordance with the terms of this Contract.
The Agent Bank shall disburse and pay the Loan Funds, and manage and control them, in accordance with the provisions of Article 8.1 (Disbursement of Loan Funds) and Article 8.2 (Disbursement of Loan Funds) of this Contract.
The Agent Bank shall establish and maintain a ledger related to this Contract and provide such ledger to each Lender upon request.
The Agent Bank shall notify the Borrower, prior to each Interest Payment Date, of the amount of interest and/or default interest payable on such date.
The Agent Bank