Common use of Designation of Collateral Agent Clause in Contracts

Designation of Collateral Agent. To facilitate the administration of this Agreement, Imperial shall act as Collateral Agent for itself and the other Banks. Collateral Agent or Enforcing Bank shall have only such duties as are expressly set forth in this Agreement, or as otherwise agreed in writing by the Banks. Collateral Agent or Enforcing Bank shall be deemed to act on behalf of all Banks whenever Collateral Agent or Enforcing Bank acts under this Agreement.

Designation of Collateral Agent. To facilitate the administration of this Agreement, Imperial shall act as Collateral Agent "COLLATERAL AGENT" for itself and the other BanksSanwa. Collateral Agent or Enforcing Bank shall have only such duties as are expressly set forth in this Agreement, or as otherwise agreed in writing by the Banks. Collateral Agent or Enforcing Bank shall be deemed to act on behalf of all both Banks whenever Collateral Agent or Enforcing Bank acts under this Agreement.