Common use of Appointment of the Agents Clause in Contracts

Appointment of the Agents. (a) Each Lender appoints and designates Bank of America as the “Administrative Agent” hereunder and under the Loan Documents. (b) Each Lender appoints and designates Bank of America as the “Collateral Agent” hereunder and under the Loan Documents. (c) Each Lender authorizes each Agent: (i) To execute those of the Loan Documents and all other instruments relating thereto to which that Agent is a party. (ii) To take such action on behalf of the Lenders and to exercise all such powers as are expressly delegated to that Agent hereunder and in the Loan Documents and all related documents, together with such other powers as are reasonably incident thereto.