Transfer of Agency Function Clause Samples
The Transfer of Agency Function clause defines the process by which the responsibilities and duties of an agent under an agreement may be transferred to another party. Typically, this clause outlines the conditions under which such a transfer can occur, such as requiring prior written consent from the principal or meeting specific performance criteria. Its core practical function is to ensure continuity of service and clarify the procedure for changing agents, thereby minimizing disruption and maintaining accountability in the management of the agency relationship.
Transfer of Agency Function. Without the consent of Borrower or any Bank, Administrative Agent may at any time or from time to time transfer its functions as Administrative Agent hereunder to any of its offices wherever located in the United States, provided that Administrative Agent shall promptly notify Borrower and the Banks thereof.
Transfer of Agency Function. Without the consent of the Borrower or any Bank, the Agent may at any time or from time to time transfer its functions as Agent hereunder to any of its offices wherever located, provided that the Agent shall promptly notify the Borrower and the Banks thereof.
Transfer of Agency Function. Without the consent of Borrower, any Guarantor or any Bank, the Agent may at any time or from time to time transfer its functions as Agent hereunder to any of its offices located in New York, New York, provided that, the Agent shall promptly notify Borrower and the Banks thereof.
Transfer of Agency Function. Without the consent of the Obligors or any Lender, the Administrative Agent may at any time or from time to time transfer its functions as Administrative Agent hereunder to any of its offices wherever located, provided that the Administrative Agent shall promptly notify Micro Warehouse and the Lenders thereof.
Transfer of Agency Function. Without the consent of the Borrowers or any Lender, the Agent may at any time or from time to time transfer its functions as Agent hereunder to any of its offices wherever located, PROVIDED that the Agent shall promptly notify the Borrowers and the Lenders thereof.
Transfer of Agency Function. Section 9.13. Non-Receipt of Funds by the Agent. . . . . . . . . 46 Section 9.14.
Transfer of Agency Function. Section 11.13 Non-Receipt of Funds by the Agent Section 11.14 Withholding Taxes Section 11.15
Transfer of Agency Function. 83 Non-Receipt of Funds by the Administrative Agent..................................................84
Transfer of Agency Function. 44 SECTION 12.12
Transfer of Agency Function. 41 Section 8.13 Non-Receipt of Funds by the Agent. 42 Section 8.14 Several Obligations and Rights of Banks . . . . . . . . . . . . . . 42 Section 8.15 Pro Rata Treatment of Loans, Etc . 42 Section 8.16 Sharing of Payments Among Banks. . 42