THE FINANCE PARTIES Clause Samples
The "Finance Parties" clause defines the group of entities involved in providing or managing the financing under an agreement, such as lenders, agents, arrangers, or security trustees. This clause typically lists or references all parties who have a financial stake or administrative role in the transaction, ensuring that their rights and obligations are clearly identified throughout the contract. By specifying who qualifies as a finance party, the clause helps prevent ambiguity regarding responsibilities, decision-making authority, and the application of key provisions, thereby promoting clarity and reducing the risk of disputes.
THE FINANCE PARTIES. Role of the Agent and the Arranger
THE FINANCE PARTIES. Any Finance Party may assign or otherwise dispose of all or any of its rights under this Deed in accordance with the provisions contained in the Facility Agreement.
THE FINANCE PARTIES. ROLE OF THE ADMINISTRATIVE AGENT, THE ARRANGER, THE ISSUING BANK AND OTHERS
THE FINANCE PARTIES. 29 ROLE OF THE AGENT, SECURITY AGENT, THE MLAS AND OTHERS
THE FINANCE PARTIES. (a) The Chargor consents to any assignment, transfer, novation or sub-participation of a Finance Document under a Finance Document.
(b) Any reference in this Deed to a Finance Party includes a new Finance Party under any Finance Document.
(c) Any new Finance Party under any Finance Document shall enter into and deliver an accession deed substantially in the form of Schedule 7 (Form of accession deed) to this Deed in the capacity stated in such accession deed.
THE FINANCE PARTIES. Role of the Facility Agent and the Arranger 76 27. Conduct of business by the Finance Parties 82 28. Sharing among the Finance Parties 82
THE FINANCE PARTIES. THE ADMINISTRATIVE PARTIES
THE FINANCE PARTIES. 30 ROLE OF THE FACILITY AGENT, SECURITY AGENT, THE ARRANGERS AND OTHERS
30.1 Appointment of the Facility Agent and Security Agent (a) Each Finance Party appoints the Facility Agent to act as its agent and the Security Agent to act as security agent under and in connection with the Finance Documents.
THE FINANCE PARTIES. 36. ROLE OF THE AGENT, THE SECURITY AGENT AND THE ARRANGER
36.1 Appointment of the Agent and the Security Agent
(a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents.
(c) Each other Finance Party authorises each of the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
(d) For the avoidance of doubt, each other Finance Party authorises the Agent to execute and deliver the Subordination Agreement.
36.2 Duties of the Agent and the Security Agent
(a) The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party.
(b) Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party.
(c) If the Agent receives notice from a Party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the Finance Parties.
(d) If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties.
(e) The Agent shall promptly send to the Security Agent such certification as the Security Agent may require pursuant to paragraph 7 (Basis of distribution) of Schedule 7 (Security Agency provisions).
(f) The duties of the Agent and the Security Agent under the Finance Documents are solely mechanical and administrative in nature.