Administrative Agent definition: Copy, customize, and use instantly
Introduction
The term "Administrative Agent" refers to a party designated to manage certain administrative duties in a contract, typically in a financial or loan agreement. It is essential for facilitating communication between multiple parties, managing documents, or overseeing certain operational functions.
Below are various examples of how "Administrative Agent" can be defined and applied in different contract contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Administrative Agent" as a representative for a lender group
This definition ties "Administrative Agent" to its role as a representative for a group of lenders.
"Administrative Agent" means the entity designated to act as the primary point of contact and representative for the lender group in the execution, administration, and enforcement of the loan agreement.
Definition of "Administrative Agent" as a manager of funds
This definition connects "Administrative Agent" to its responsibility for managing funds.
"Administrative Agent" refers to the party designated to oversee the management, disbursement, and collection of funds under the terms of the agreement, ensuring proper allocation to all parties.
Definition of "Administrative Agent" as a coordinator of communication
This definition links "Administrative Agent" to coordinating communication.
"Administrative Agent" means the party responsible for managing communication between the borrowers, lenders, and other stakeholders to ensure all parties are aligned and informed throughout the agreement's term.
Definition of "Administrative Agent" as a document manager
This definition ties "Administrative Agent" to its role in managing documents.
"Administrative Agent" refers to the entity that manages and stores all necessary documents, reports, and records related to the agreement, ensuring proper documentation and compliance.
Definition of "Administrative Agent" as a party ensuring compliance with terms
This definition connects "Administrative Agent" to compliance oversight.
"Administrative Agent" means the party tasked with ensuring that all parties comply with the terms and conditions of the agreement, monitoring for compliance throughout its term.
Definition of "Administrative Agent" as the recipient of payments
This definition links "Administrative Agent" to its role in payment reception.
"Administrative Agent" refers to the party designated to receive payments from the borrower and distribute them to the relevant parties, including lenders or investors, as outlined in the agreement.
Definition of "Administrative Agent" as a representative in dispute resolution
This definition ties "Administrative Agent" to dispute resolution.
"Administrative Agent" means the entity responsible for managing the resolution of disputes between parties, acting as a mediator or facilitator when conflicts arise in the execution of the agreement.
Definition of "Administrative Agent" as a central point for reporting
This definition connects "Administrative Agent" to reporting duties.
"Administrative Agent" refers to the party responsible for receiving and compiling reports from all parties involved in the agreement, ensuring that all necessary information is provided and tracked.
Definition of "Administrative Agent" as a facilitator of amendments
This definition links "Administrative Agent" to the amendment process.
"Administrative Agent" means the party responsible for facilitating amendments to the agreement, ensuring all required parties agree to changes and that the necessary documentation is updated and executed.
Definition of "Administrative Agent" as a signatory for actions
This definition ties "Administrative Agent" to its role as a signatory.
"Administrative Agent" refers to the party authorized to sign documents or take actions on behalf of the borrower or lender group, as necessary, under the terms of the agreement.
Definition of "Administrative Agent" as an overseer of loan administration
This definition connects "Administrative Agent" to loan administration.
"Administrative Agent" means the party designated to manage and oversee the ongoing administration of a loan, including monitoring covenants, interest payments, and other obligations under the agreement.
Definition of "Administrative Agent" as a custodian of collateral
This definition links "Administrative Agent" to collateral management.
"Administrative Agent" refers to the party tasked with holding, managing, or overseeing collateral provided under the agreement, ensuring proper handling in accordance with the terms.
Definition of "Administrative Agent" as a coordinator for funding requests
This definition ties "Administrative Agent" to funding requests.
"Administrative Agent" means the entity responsible for receiving and reviewing funding requests from the borrower, ensuring all necessary conditions are met before disbursement.
Definition of "Administrative Agent" as a party managing operational logistics
This definition connects "Administrative Agent" to operational logistics.
"Administrative Agent" refers to the entity responsible for handling the operational logistics of the agreement, including coordinating meetings, managing timelines, and ensuring all actions are performed as per the schedule.
Definition of "Administrative Agent" as a central point for notices
This definition links "Administrative Agent" to handling notices.
"Administrative Agent" means the party designated as the recipient of all formal notices under the agreement, ensuring proper communication flow between the parties.
Definition of "Administrative Agent" as a party managing the allocation of proceeds
This definition ties "Administrative Agent" to proceeds allocation.
"Administrative Agent" refers to the entity responsible for managing the allocation of proceeds or funds received under the agreement, ensuring correct distribution to all parties.
Definition of "Administrative Agent" as a facilitator for borrower communications
This definition connects "Administrative Agent" to borrower communications.
"Administrative Agent" means the party responsible for managing all communications with the borrower, ensuring that all requests, documents, and notifications are handled efficiently.
Definition of "Administrative Agent" as a party with authority to execute documents
This definition links "Administrative Agent" to document execution.
"Administrative Agent" refers to the party granted the authority to execute all necessary documents, such as amendments or agreements, on behalf of the lender group or borrower.
Definition of "Administrative Agent" as a central point for payment disputes
This definition ties "Administrative Agent" to payment disputes.
"Administrative Agent" means the entity designated to resolve any disputes related to payment allocation or discrepancies between the borrower and lender group.
Definition of "Administrative Agent" as a party responsible for managing interest rates
This definition connects "Administrative Agent" to interest rate management.
"Administrative Agent" refers to the party responsible for ensuring that the agreed-upon interest rates are applied and adjusting them according to the terms of the agreement.
Definition of "Administrative Agent" as a point of contact for loan servicing
This definition ties "Administrative Agent" to loan servicing.
"Administrative Agent" refers to the party designated to serve as the point of contact for loan servicing, handling the administrative tasks related to the ongoing management of loan accounts.
Definition of "Administrative Agent" as a party coordinating compliance checks
This definition connects "Administrative Agent" to compliance monitoring.
"Administrative Agent" means the entity responsible for coordinating regular compliance checks to ensure that all parties are adhering to the contractual obligations and covenants.
Definition of "Administrative Agent" as an entity managing borrower reports
This definition links "Administrative Agent" to borrower reporting.
"Administrative Agent" refers to the party responsible for receiving, managing, and distributing any reports submitted by the borrower, ensuring timely and accurate updates to all relevant stakeholders.
Definition of "Administrative Agent" as an intermediary for fund transfers
This definition ties "Administrative Agent" to fund transfers.
"Administrative Agent" means the party responsible for facilitating and overseeing all fund transfers between the borrower and lender group, ensuring that payments are processed accurately and efficiently.
Definition of "Administrative Agent" as a manager of borrower communication protocols
This definition connects "Administrative Agent" to communication protocols.
"Administrative Agent" refers to the party tasked with overseeing the communication protocols between the borrower and the lender group, ensuring that all communication is formalized and recorded.
Definition of "Administrative Agent" as an executor of contractual enforcement
This definition links "Administrative Agent" to contract enforcement.
"Administrative Agent" means the party designated to take appropriate action for the enforcement of contract provisions, including ensuring that terms are followed and addressing defaults if necessary.
Definition of "Administrative Agent" as an overseer of loan modifications
This definition ties "Administrative Agent" to loan modifications.
"Administrative Agent" refers to the entity responsible for managing the process of modifying the terms of the loan agreement, including reviewing requests and facilitating discussions between the borrower and lender group.
Definition of "Administrative Agent" as a provider of loan performance reports
This definition connects "Administrative Agent" to performance reporting.
"Administrative Agent" means the party responsible for providing detailed reports on the performance of the loan, including tracking interest rates, payment schedules, and compliance with terms.
Definition of "Administrative Agent" as an entity managing borrower defaults
This definition links "Administrative Agent" to borrower defaults.
"Administrative Agent" refers to the party responsible for identifying and managing situations of borrower default, working with the lender group to address and resolve any issues arising from non-compliance with contract terms.
Definition of "Administrative Agent" as a manager of disbursements to third parties
This definition ties "Administrative Agent" to third-party disbursements.
"Administrative Agent" means the entity responsible for managing disbursements of funds to third parties, such as contractors or vendors, in accordance with the terms of the loan agreement or other related documents.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.