Common use of Appointment of Documentation and Syndication Agents; No Responsibilities of the Agents Clause in Contracts

Appointment of Documentation and Syndication Agents; No Responsibilities of the Agents. The Administrative Agent shall have the sole right upon consultation with the Borrower Representative to appoint other Lenders as Documentation Agent or Syndication Agent (or other such agents for league table purposes) hereunder and the cover page of this Agreement may be amended to reflect such titles without the further consent of any party hereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the Syndication Agent and the Documentation Agent shall not have any duties or responsibilities, nor shall the Syndication Agent or the Documentation Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Syndication Agent and the Co-Documentation Agent. Furthermore, the Syndication Agent and the Documentation Agent shall not be entitled to receive any compensation in connection with such appointment, other than compensation that such Syndication Agent or Documentation Agent would otherwise receive in the ordinary course under this Agreement in their capacity as a Lender.

Appears in 2 contracts

Sources: Credit Agreement (Centerplate, Inc.), Credit Agreement (Centerplate, Inc.)