Common use of Duties Specified Clause in Contracts

Duties Specified. Each Tranche A Lender and Tranche B Lender irrevocably authorizes Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other Loan Documents as are specifically delegated to Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Agent shall have only those duties and responsibilities that are expressly specified in this Amended Loan Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Agent shall not have, by reason of this Amended Loan Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Amended Loan Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent any obligations in respect of this Amended Loan Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Sources: Loan and Security Agreement (Calton Inc)

Duties Specified. Each Tranche A Lender and Tranche B Lender irrevocably authorizes each Primary Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other Loan Documents as are specifically delegated to such Primary Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each Primary Agent shall have only those duties and responsibilities that are expressly specified for such Primary Agent in this Amended Loan Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Primary Agent shall not have, by reason of this Amended Loan Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Amended Loan Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Primary Agent any obligations in respect of this Amended Loan Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Sources: Credit Agreement (Safeway Inc)

Duties Specified. Each Tranche A Lender and Tranche B Lender irrevocably authorizes Administrative Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other Loan Documents as are specifically delegated to Agent Administrative Agent, as the case may be, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities that are expressly specified in this Amended Loan Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Administrative Agent shall not have, by reason of this Amended Loan Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Amended Loan Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Administrative Agent any obligations in respect of this Amended Loan Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Sources: Credit Agreement (Bell & Howell Operating Co)

Duties Specified. Each Tranche A Lender and Tranche B Lender irrevocably authorizes each Primary Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other Loan Documents as are specifically delegated to such Primary Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. 116 123 Each Primary Agent shall have only those duties and responsibilities that are expressly specified for such Primary Agent in this Amended Loan Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Primary Agent shall not have, by reason of this Amended Loan Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Amended Loan Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Primary Agent any obligations in respect of this Amended Loan Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Sources: Credit Agreement (Safeway Inc)