Common use of Appointment and duties of the Agent Clause in Contracts

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions. The Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.

Appears in 9 contracts

Sources: Syndicated Credit Facility Agreement (Reuters Group PLC /Adr/), Multicurrency Revolving Credit Facility (Scottish Power PLC), Syndicated Credit Facility (Reuters Group PLC /Adr/)

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions. The Agent shall have has only those duties which are expressly specified in this Agreement. Those , and those duties are solely of a mechanical and administrative nature.

Appears in 2 contracts

Sources: Credit Facility Agreement (Lg Electronics Inc), Credit Facility Agreement (Lg Electronics Inc)

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, Loan Documents and irrevocably authorises authorizes the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, Loan Documents together with any other incidental rights, powers and discretionsdiscretion. The Agent shall have has only those duties which are expressly specified in this Agreement. Those , and those duties are solely of a mechanical and administrative nature.

Appears in 2 contracts

Sources: Syndicated Loan Agreement (New Fortress Energy LLC), Syndicated Loan Agreement (NFE Financial Holdings LLC)

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions. The Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.. -------------------------------------------------------------------------------- --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Multicurrency Revolving Credit Facility (Scottish Power PLC)

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, . together with any other incidental rights, powers and discretions. The Agent shall have has only those duties which are expressly specified in this Agreement. Those , and those duties are solely of a mechanical and administrative nature.

Appears in 1 contract

Sources: Supplemental Agreement (Txu Europe LTD)

Appointment and duties of the Agent. Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, Documents and each Finance Party irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions. The Agent or shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.

Appears in 1 contract

Sources: Facility Agreement (Vodafone Group Public LTD Co)