The Trustee and the Agents Clause Samples
The clause titled "The Trustee and the Agents" defines the roles, responsibilities, and authority of the trustee and any agents appointed under an agreement, typically in the context of a trust or financing arrangement. It outlines how the trustee and agents are to act on behalf of the beneficiaries or lenders, including the scope of their powers, decision-making processes, and any limitations or obligations they must observe. For example, it may specify how instructions are given to the trustee, how agents are appointed or removed, and the extent of their liability. The core function of this clause is to ensure clear governance and administration of the trust or facility, minimizing confusion and disputes by delineating the duties and powers of the trustee and agents involved.
The Trustee and the Agents. The Trustee and the Agents shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Party.
The Trustee and the Agents. Each of the Trustee, the Co-Registrar and each Paying Agent and Transfer Agent accepts its obligations set forth herein and in the Notes upon the terms and conditions hereof and thereof (and in the case of the Trustee, the provisions of the Trust Indenture Act), including the following, to all of which the Issuer agrees and to all of which the rights of the holders from time to time of the Notes shall be subject: