Appointment and duties of the Agents Sample Clauses
Appointment and duties of the Agents. (a) Each Lender irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party appointing each Agent irrevocably authorises each Agent on its behalf to:
(i) 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; and
(ii) execute each Finance Document expressed to be executed by the Facility Agent on that Finance Party’s behalf.
(c) Each Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. 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 each Swingline Lender appoints the U.S. Swingline Agent to act as its agent in relation to the Swingline Facility, and each Finance Party irrevocably authorises the Agent or, as the case may be, the U.S. Swingline 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, as the case may be, the U.S. Swingline Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. (a) Each Finance Party (other than such Agent) irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party irrevocably authorises each Agent to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically given to it under the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the relevant Agent on its behalf.
(c) Each Agent has only those duties which are expressly specified in the Finance Documents. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. Each Finance Party (other than the Agents) irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises each 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 Agents shall have only those duties which are expressly specified in the relevant Finance Documents. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. 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 each Swingline Lender appoints the Euro Swingline Agent to act as its agent in relation to the Swingline Facility, and each Finance Party irrevocably authorises the Agent or, as the case may be, the Euro Swingline 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, as the case may be, the Euro Swingline Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. Each Finance Party irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises each Agent on its behalf (a) to execute on its behalf such of the Finance Documents which are expressed by this Agreement to be executed by such Agent on behalf of the Finance Parties, and (b) 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. Each Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. (a) Subject to paragraph (f) of Clause 21.15 (Resignation of an Agent), each Finance Party (other than the Facility Agent) irrevocably appoints the Facility Agent to act as its agent under and in connection with the Finance Documents; and
(b) each Swingline Bank irrevocably appoints the Swingline Agent to act as its agent under and in relation to the Swingline Advance Facility, and in each case authorises that Agent on its behalf to:
(i) 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 all other incidental rights, powers and discretions; and
(ii) execute as agent for that Finance Party each Finance Document to which that Agent is a party.
(c) An Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. (a) Each Finance Party (other than the Facility Agent) irrevocably appoints the Facility Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party (other than the Security Trustee) irrevocably appoints the Security Trustee to act as its agent under and in connection with the Finance Documents.
(c) Each Finance Party irrevocably authorises the Agents to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically given to them under the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) enter into and deliver each Finance Document expressed to be entered into by that Agent.
(d) The Agents have only those duties which are expressly specified in the Finance Documents. Those duties are solely of a mechanical and administrative nature.
Appointment and duties of the Agents. (a) Each Finance Party (other than such Agent) irrevocably appoints each Agent to act as its agent under the Finance Documents.
(b) Each Finance Party irrevocably authorises each Agent to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically given to it under the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the relevant Agent on its behalf.
(c) Each Agent has only those duties which are expressly specified in the Finance Documents. Those duties are solely of a mechanical and administrative nature.
(d) Each Finance Party confirms that:
(i) any Administrative Party has authority to accept on its behalf the terms of any reliance letter or engagement letter relating to the Reports or any other reports or letters provided in connection with the Finance Documents or the transactions contemplated by the Finance Documents, to bind it in respect of those Reports, reports or letters and to sign that reliance letter or engagement letter on its behalf and to the extent that reliance letter or engagement letter has already been entered into ratifies those actions; and
(ii) it accepts the terms and qualifications set out in that reliance letter or engagement letter.
Appointment and duties of the Agents. (i) Each Lender hereby appoints (x) SBL to act as Facility Agent and (y) SBL to act as Offshore Security Agent and SCMB to act as Onshore Security Agent in connection with the Security Documents to which each such Agent is a party, and to execute the same on their behalf;
(ii) Each Tranche A Lender hereby appoints SBL to act as Offshore Administrative Agent;
(iii) Each Tranche B Lender hereby appoints SCMB to act as Onshore Administrative Agent;
(iv) Each Tranche B Lender hereby appoints SCMB to act as Onshore Security Agent in connection with the Security Documents to which it is a party; and
(v) Each Lender irrevocably authorises each Agent for and on its behalf to exercise such rights as are specifically delegated to it by the terms of the relevant Senior Finance Documents together with all such rights as are incidental thereto and (in the case of the Security Agents) to give a good discharge for any moneys payable under such Senior Finance Documents.
(b) Each Agent will act solely as agent for the relevant Lenders in carrying out its functions as such Agent under the Senior Finance Documents and will exercise the same care as it would in dealing with a credit for its own account.
(c) The relationship between the Lenders and each Agent is that of principal and agent only. No Agent shall have, nor be deemed to have, assumed any obligations to, or trust or fiduciary relationship with, the other Finance Parties or any Obligor other than those for which specific provision is made by the Senior Finance Documents.
(d) Neither Security Agent shall have or be deemed to have, assumed any obligations to, or trust or fiduciary relationship with, any party to this agreement, other than those for which specific provision is made by the Security Documents entered into by it and this agreement.
(e) Neither Security Agent shall be or deemed to be agent or trustee for any party to this agreement other than the Finance Parties.