Role of the Agent. 23.1 Appointment of the Agent and the Security Trustee (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each other Finance Party authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 2 contracts
Sources: Facility Agreement (Anthracite Capital Inc), Facility Agreement (Anthracite Capital Inc)