Delegation to CAB Clause Samples

Delegation to CAB. During the term of the CABEA, the Districts hereby assign to the CAB all duties, rights and obligations delegated to the Districts by the Declaration, Design Principles, and Covenant Enforcement Rules and Regulations, all as may be amended, with respect to the Covenant Enforcement Services. Specifically with respect to each document, the CAB is authorized as follows:
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Related to Delegation to CAB

  • Delegation to Affiliates The Borrower and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate's directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX and X.