Common use of Powers of Agent Clause in Contracts

Powers of Agent. The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties or any obligation to the Lenders to take any action hereunder or under any of the Loan Documents except any action expressly required to be taken by the Agent as set forth in this Agreement or any of the Loan Documents. Without limiting the foregoing, the Agent is hereby authorized to execute and deliver the Loan Agreement and the other Loan Documents and all instruments and certificates relating thereto, in each case, in substantially the same form as last distributed to the Lenders prior to the Closing Date, and Agent is hereby authorized to enter into any amendments thereto on behalf of each of the Lenders, subject to any applicable directions of the Lenders or the Required Lenders pursuant to Section 6.1 hereof.