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Co-agent

   Also found in: Wikipedia 0.01 sec.
Co-agent
An institution appointed by the issuer as co-transfer agent accepts and transfers certificates and sends daily activity journals to the primary record-keeping agent. A co-agent does not maintain security holder records, but is used to facilitate the transfer of stock in a geographic region not easily accessible to the issuer or its principal transfer agent.


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Greater adhesion to polar substrates and a better balance of heat-aged and dynamic properties result from a judicious choice of co-agent.
The announcement that the reconstruction and re-design of Penn Station will begin shortly after the Republican Convention in September, 2004, with completion expected in 2008, makes 5 Penn Plaza one of the most sought-after office locations in the City," added Michael Burgio, co-agent and CBRE Executive Vice President.
The first part of the financing package is a $75 million commitment for a 3-year revolving credit facility from Bank United as agent and SouthTrust Bank of Alabama as co-agent.
 
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