Agent definition: Copy, customize, and use instantly
Introduction
The term "Agent" refers to an individual or entity authorized to act on behalf of another party (the principal) in contractual or financial matters. It is essential for defining roles in agreements where a party delegates specific responsibilities, rights, or tasks to an agent.
Below are various examples of how "Agent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Agent" as an authorized representative
This definition "Agent" applies when an Agent is designated to act on behalf of a principal.
"Agent" means any individual or entity authorized to act on behalf of another party, with the authority specified in the applicable agreement.
Definition of "Agent" as a financial institution managing transactions
This definition "Agent" applies when an Agent oversees financial dealings.
"Agent" refers to the financial institution or entity appointed to administer, facilitate, or execute transactions as specified in the agreement.
Definition of "Agent" as a loan administrative entity
This definition "Agent" applies in the context of loan agreements.
"Agent" means the financial institution or entity designated to administer the loan, manage payments, and ensure compliance with the terms of the lending agreement.
Definition of "Agent" as a security trustee
This definition "Agent" applies when an Agent holds security interests on behalf of lenders.
"Agent" refers to the entity appointed to act as trustee for secured parties, holding collateral and enforcing rights under the security documents.
Definition of "Agent" as a legal representative
This definition "Agent" applies when an Agent is authorized to act in legal matters.
"Agent" means any individual or entity with the legal authority to act on behalf of another party in judicial or contractual matters.
Definition of "Agent" as a power of attorney holder
This definition "Agent" applies when an Agent is granted power of attorney.
"Agent" means any person lawfully appointed under a power of attorney to act on behalf of the principal in legal or financial matters.
Definition of "Agent" as a corporate representative
This definition "Agent" applies when an Agent represents a company in contractual dealings.
"Agent" means any director, officer, or employee authorized to act on behalf of the company in commercial and legal matters.
Definition of "Agent" as a regulatory compliance representative
This definition "Agent" applies when an Agent ensures compliance with legal requirements.
"Agent" refers to any person or entity designated to act on behalf of another party in ensuring compliance with regulatory requirements.
Definition of "Agent" as an escrow agent
This definition "Agent" applies when an Agent holds funds or assets in escrow.
"Agent" means any entity designated as an escrow agent responsible for holding and disbursing funds or assets according to contractual terms.
Definition of "Agent" as a facilitator in mergers and acquisitions
This definition "Agent" applies when an Agent manages M&A transactions.
"Agent" refers to the individual or entity engaged in negotiating, structuring, or facilitating mergers, acquisitions, or corporate restructuring.
Definition of "Agent" as an intermediary in financial transactions
This definition "Agent" applies when an Agent acts as an intermediary between parties.
"Agent" means any party authorized to act as an intermediary in financial transactions, facilitating the execution of agreements and fund transfers.
Definition of "Agent" as a purchasing agent
This definition "Agent" applies when an Agent is responsible for procurement.
"Agent" means any individual or entity engaged in purchasing goods or services on behalf of another party under specified terms and conditions.
Definition of "Agent" as a registered agent for legal service
This definition "Agent" applies to registered agents designated for legal notifications.
"Agent" refers to the designated individual or entity authorized to receive legal notices, summons, and official correspondence on behalf of a company.
Definition of "Agent" as a logistics or shipping coordinator
This definition "Agent" applies when an Agent manages transportation or logistics.
"Agent" means any individual or entity authorized to coordinate transportation, logistics, or shipping services on behalf of a principal.
Definition of "Agent" as a marketing or sales agent
This definition "Agent" applies when an Agent is responsible for sales or marketing.
"Agent" means any person or entity engaged in promoting, selling, or distributing goods or services on behalf of another party.
Definition of "Agent" as an insurance agent
This definition "Agent" applies when an Agent represents an insurance provider.
"Agent" means any individual or entity authorized to solicit, negotiate, or manage insurance policies on behalf of an insurer or insured party.
Definition of "Agent" as a collection agent
This definition "Agent" applies when an Agent collects debts or accounts receivable.
"Agent" refers to any person or entity authorized to collect payments, debts, or outstanding accounts on behalf of a creditor.
Definition of "Agent" as a fiduciary representative
This definition "Agent" applies when an Agent holds a fiduciary duty.
"Agent" means any person or entity acting in a fiduciary capacity, with the duty to act in the best interests of the principal or beneficiary.
Definition of "Agent" as a subcontractor in service agreements
This definition "Agent" applies when an Agent performs duties under a larger contract.
"Agent" means any subcontractor, consultant, or third-party service provider engaged to perform specific tasks on behalf of the principal under this agreement.
Definition of "Agent" as a loan administrative entity
This definition ties "Agent" to its role in managing loan transactions.
"Agent" means the entity designated to administer the terms of a loan agreement, including disbursing funds, collecting payments, and maintaining lender records.
Definition of "Agent" as a security trustee
This definition connects "Agent" to holding and enforcing security interests on behalf of lenders.
"Agent" refers to the trustee or collateral agent responsible for holding security interests and enforcing remedies in case of borrower default.
Definition of "Agent" as a paying agent in bond issuances
This definition links "Agent" to facilitating bondholder payments.
"Agent" means the entity appointed to receive and distribute interest and principal payments to bondholders on behalf of the issuer.
Definition of "Agent" as a syndication manager in loan agreements
This definition applies "Agent" to coordinating syndicate lender actions.
"Agent" refers to the financial institution or entity acting as the intermediary between the borrower and multiple lenders in a syndicated loan arrangement.
Definition of "Agent" as a fiscal agent in public finance
This definition ties "Agent" to managing government debt issuance.
"Agent" means the institution appointed to oversee the issuance, payment, and servicing of government bonds or other public securities.
Definition of "Agent" as an escrow agent in secured transactions
This definition connects "Agent" to holding assets in escrow.
"Agent" refers to the third party responsible for holding funds, documents, or property in escrow until the completion of agreed-upon conditions.
Definition of "Agent" as a registrar in securities markets
This definition links "Agent" to maintaining ownership records.
"Agent" means the entity responsible for maintaining a register of securities ownership and processing transfers, dividends, and other corporate actions.
Definition of "Agent" as an administrative representative in structured finance
This definition applies "Agent" to managing structured financial products.
"Agent" refers to the entity designated to administer and oversee obligations related to structured finance instruments, including asset-backed securities.
Definition of "Agent" as a foreign exchange settlement intermediary
This definition ties "Agent" to settling currency transactions.
"Agent" means the financial institution facilitating foreign exchange settlements, ensuring proper currency transfers between counterparties.
Definition of "Agent" as a collateral monitoring entity
This definition connects "Agent" to overseeing collateral compliance.
"Agent" refers to the institution responsible for monitoring and reporting the value and status of pledged collateral under a lending agreement.
Definition of "Agent" as a tax agent for withholdings and filings
This definition links "Agent" to tax-related compliance.
"Agent" means the entity designated to withhold, file, and remit taxes on behalf of a principal under applicable tax laws and regulations.
Definition of "Agent" as a servicing agent in mortgage-backed securities
This definition applies "Agent" to managing mortgage loan pools.
"Agent" refers to the entity responsible for collecting payments, managing defaults, and overseeing administration of securitized mortgage loans.
Definition of "Agent" as an agent bank in commercial lending
This definition ties "Agent" to facilitating banking transactions.
"Agent" means the financial institution serving as the primary liaison between a borrower and multiple lenders in a credit facility.
Definition of "Agent" as a custodian in securities lending
This definition connects "Agent" to safeguarding financial assets.
"Agent" refers to the entity responsible for holding and managing securities on behalf of institutional investors in lending transactions.
Definition of "Agent" as a claims-paying administrator in insurance contracts
This definition links "Agent" to processing insurance claims.
"Agent" means the party authorized to review, approve, and process claims under an insurance policy, ensuring compliance with policy terms.
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.