The Agent and the Arranger. 22.1 Appointment and duties of the Agent Each Finance Party (other than the Agent) irrevocably appoints the Agent to act as its agent under and in connection with the Finance Documents, and irrevocably authorises the Agent on its behalf to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions. The Agent has only those duties which are expressly specified in this Agreement, and those duties are solely of a mechanical and administrative nature.
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Sources: Revolving Credit Facility (Incentive Ab), Revolving Credit and Term Loan Facility (Cobe Laboratories Inc)