Global Amendments. Effective as of the Effective Date, the Transaction Documents are hereby amended as follows: (a) Administrative Agent Succession. Scotiabank shall be successor Administrative Agent to Wachovia for all purposes of the Transaction Documents. Scotiabank hereby accepts all of the rights, duties and obligations of the "Administrative Agent" under the Transaction Documents. Wachovia hereby assigns all of its security interests and other rights and obligations as administrative agent under the Transaction Documents to Scotiabank. Any and all references in the Transaction Documents to Wachovia in its capacity as "Administrative Agent" are hereby amended to refer to "Scotiabank" in the related capacity. Wachovia shall no longer have any rights, obligations or duties as "Administrative Agent" under any of the Transaction Documents from and after the Effective Date. It is agreed by each of the parties hereto that Scotiabank shall have no liability for any action taken or not taken by Wachovia on or prior to the Effective Date.
Appears in 1 contract
Sources: First Omnibus Amendment to Transaction Documents (Lennox International Inc)
Global Amendments. Effective as of the Effective Date, the Transaction Documents are hereby amended as follows:
(a) Administrative Agent Succession. Scotiabank Bank of America shall be successor Administrative Agent to Wachovia Scotiabank for all purposes of the Transaction Documents. Scotiabank Bank of America hereby accepts assumes all of the rights, duties and obligations of the "“Administrative Agent" ” under the Transaction Documents. Wachovia Scotiabank hereby assigns all of its security interests and other rights rights, duties and obligations as administrative agent under the Transaction Documents to ScotiabankBank of America. Any and all references in the Transaction Documents to Wachovia Scotiabank in its capacity as "“Administrative Agent" ” are hereby amended to refer to "Scotiabank" “Bank of America” in the related capacity. Wachovia Scotiabank shall no longer have any rights, obligations or duties as "“Administrative Agent" ” under any of the Transaction Documents from and after the Effective Date. It is agreed by each of the parties hereto that Scotiabank Bank of America shall have no liability for any action taken or not taken by Wachovia Scotiabank on or prior to the Effective Date.
Appears in 1 contract
Sources: Third Omnibus Amendment to Transaction Documents (Lennox International Inc)