Appointment of the Agent and the Security Agent Clause Samples
The "Appointment of the Agent and the Security Agent" clause formally designates specific parties to act as the agent and security agent on behalf of a group of lenders or creditors in a financing arrangement. Typically, this clause outlines the authority granted to these agents, such as managing communications, enforcing rights, or holding security interests for the benefit of all lenders. By clearly identifying who is responsible for administrative and security-related tasks, the clause ensures efficient coordination and protects the collective interests of the lenders, thereby reducing confusion and streamlining the management of the loan or security arrangements.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents.
(c) Each other Finance Party authorises each of the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appointment of the Agent and the Security Agent. Each other Finance Party, each Hedging Bank and Long Term Hedging Bank appoints the Agent to act as its agent under and in connection with the Finance Documents.
Appointment of the Agent and the Security Agent. Each of the Arranger and the Lenders appoints the Agent to act as its agent under and in connection with the Finance Documents and each of the Arranger, the Lenders and the Agent appoints the Security Agent to act as its security agent for the purpose of the Security Documents.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each other Secured Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents.
(c) Each other:
(i) Finance Party authorises the Agent; and
(ii) Secured Party authorises the Security Agent, to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appointment of the Agent and the Security Agent. (a) Each of the Arranger, the Lenders and the Security Agent appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each of the Arranger, the Agent, the Lenders and the Hedge Counterparties appoints the Security Agent to act as security trustee under and in connection with the Finance Documents in relation to any security interest which is expressed to be or is construed to be governed by English law, or any other law from time to time designated by the Security Agent and an Obligor.
(c) Except as expressly provided in paragraph (b) above, and without limiting or affecting Clause 31.11 (Parallel Debt), each other Finance Party and Hedge Counterparty appoints the Security Agent to act as security agent under and in connection with the Finance Documents.
(d) Each of the Arranger, the Lenders and the Security Agent authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
(e) Each other Finance Party and each Hedge Counterparty authorises the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
(f) Each other Finance Party and each Hedge Counterparty authorises the Security Agent to execute on its behalf any Transaction Security Document governed by Belgian law.
Appointment of the Agent and the Security Agent. 27.1.1 Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
27.1.2 Each other Finance Party appoints the Security Agent to act as its agent under and in connection with the relevant Transaction Security Documents.
27.1.3 Each other Finance Party appoints the Security Agent to act as a pledge administrator in respect of any registered pledge created or to be created pursuant to the relevant Transaction Security Documents.
27.1.4 Each Finance Party (other than the Agent) authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
27.1.5 Each other Finance Party authorises the Agent and the Security Agent (as appropriate):
(a) to exercise the rights, powers, authorities and discretions specifically given to the Agent or, as the case may be, the Security Agent under or in connection with the relevant Finance Documents together with any other incidental rights, powers, authorities and discretions; and
(b) (in the case of the Security Agent) to execute each of the Security Documents and all other documents that may be approved by the Majority Lenders for execution by it, in each case, for and on behalf of the Finance Parties.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents in relation to any security interest which is expressed to be or is construed to be governed by English law, or any other law from time to time designated by the Security Agent and an Obligor.
(c) Except as expressly provided in paragraph (b) above, and without limiting or affecting clause 38.11 (Parallel Debt), each other Finance Party appoints the Security Agent to act as security agent under and in connection with the Finance Documents.
(d) Each other Finance Party authorises each of the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
(e) Each other Finance Party authorises each of the Agent and the Arranger to agree, accept and sign on its behalf the terms of any reliance or engagement letter in relation to any Report or any other report or letter provided by any person in connection with the Finance Documents or the transactions contemplated in them.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.
(b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents in relation to any security interest which is expressed to be or is construed to be governed by English law or any other law from time to time designated by the Security Agent and an Obligor.
(c) Each other Finance Party authorises each of the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent and the Security Agent to act as its trustee and administrator under and in connection with the Finance Documents (provided that, in the case of any Transaction Security which is accessory in nature and which is granted pursuant to any Security Document which is governed by German law, the Security Agent shall act as administrator only).
(b) Each other Finance Party authorises the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent and the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. The Agent and the Security Agent shall be released from the restrictions set out in section 181 of the German Civil Code. The Agent and the Security Agent can grant substitute power of attorney and release any sub-agents from the restrictions set out in section 181 of the German Civil Code and revoke such power of attorney.
Appointment of the Agent and the Security Agent. (a) The Issuer appoints the Agent to act as representative (in Danish: fuldmægtig og repræsentant) on behalf of and for the benefit of the Bondholders pursuant to Chapter 4 of the Danish Capital Markets Act. The Agent accepts such appointment. Each Secured Party hereby appoints the Security Agent to act and hold the Transaction Security as agent and representative (in Danish: fuldmægtig og repræsentant) for Secured Parties in accordance with Chapter 4 of the Danish Capital Markets Act.
(b) By subscribing for Bonds, each initial Bondholder appoints the Agent and the Security Agent to act as its agent and security agent (as applicable) in all matters relating to the Bonds and the Finance Documents, and authorises each of the Agent and the Security Agent to act on its behalf (without first having to obtain its consent, unless such consent is specifically required by these Terms and Conditions) in any legal or arbitration proceedings relating to the Bonds held by such Bondholder including any legal or arbitration proceeding relating to the perfection, preservation, protection or enforcement of the Transaction Security.
(c) By acquiring Bonds, each subsequent Bondholder confirms the appointment and authorisation for the Agent and the Security Agent to act on its behalf, as set forth in Clause 20.1(a) and (b).
(d) Each Bondholder shall immediately upon request provide the Agent and the Security Agent with any such documents, including a written power of attorney (in form and substance satisfactory to the Agent or the Security Agent, as applicable), that the Agent or the Security Agent (as applicable) deems necessary for the purpose of exercising its rights and/or carrying out its duties under the Finance Documents. Neither the Agent nor the Security Agent is under any obligation to represent a Bondholder which does not comply with such request. This document has esignatur Agreement-ID: 8e568chNKpH251445225
(e) The Issuer shall promptly upon request provide the Agent and the Security Agent with any documents and other assistance (in form and substance satisfactory to the Agent or the Security Agent, as applicable), that the Agent or the Security Agent (as applicable) deems necessary for the purpose of exercising its rights and/or carrying out its duties under the Finance Documents.
(f) Each of the Agent and the Security Agent is entitled to fees for its respective work and to be indemnified for costs, losses and liabilities on the terms set out in the Finance Doc...