Common use of Agent and Trustee Clause in Contracts

Agent and Trustee. Each Lender irrevocably appoints the Agent to act as its agent for the purpose of the Finance Documents and as its agent and trustee for the purpose of the Charges. The Agent is not acting as agent or trustee of the Borrower or the Guarantor under the Finance Documents except for the limited purpose of signing Substitution Certificates in accordance with Clause 24.3 and for the purpose of the Charges and, if relevant, any Additional Guarantee.

Appears in 1 contract

Sources: Multi Currency Revolving Loan Facility (Polaroid Corp)

Agent and Trustee. Each Lender irrevocably appoints the Agent to act as its agent Agent for the purpose of the Finance Documents and as its agent Agent and trustee for the purpose of the ChargesCharge. The Agent is not acting as agent Agent or trustee of the any Borrower or the Guarantor under the Finance Documents except for the limited purpose of signing Substitution Certificates in accordance with Clause 24.3 and for the purpose of the Charges and, if relevant, any Additional Guarantee25.3.

Appears in 1 contract

Sources: Loan Agreement (SCH Holdings Corp)