In this Deed. (i) references to Clauses and Schedule are unless otherwise stated to Clauses of and Schedule to this Deed; (ii) any liability or power which may be exercised or any determination which may be made hereunder by the Agent may (save as otherwise provided herein) be exercised or made in its absolute and unfettered discretion and it shall not be obliged to give reasons therefor; (iii) references to statutes and/or statutory provisions shall be construed as references to such statutes or statutory provisions as respectively replaced, amended, extended, consolidated or re-enacted from time to time and shall include any order, regulation, instrument or other subordinate legislation made under the relevant statute or statutory provision; (iv) the contents page and headings to Clauses and Schedule are for convenience only and have no legal effect; (v) statements referring to the Agent's capacity as trustee for the Banks are by way of clarification and explanation only and shall not prejudice the meaning of the "Agent" elsewhere in this Deed where such statements are not made and any statement referring to monies, obligations or liabilities owing to, or other rights, benefits or discretions granted to or created hereunder for, or covenants, undertakings, or other agreements made in favour of, the Agent and/or the Banks, as the case may be, are similarly by way of clarification and explanation only and shall not prejudice the meaning of "Banks" elsewhere in this Deed where such statements are not made;
Appears in 2 contracts
Sources: Credit Agreement (Chartwell Re Corp), Credit Agreement (Chartwell Re Holdings Corp)