Common use of Administration by Administrative Agent Clause in Contracts

Administration by Administrative Agent. The general administration of the Loan Documents shall be by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto. The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 14 contracts

Samples: Credit Agreement (Jo-Ann Stores Inc), Credit Agreement (Petsmart Inc), Credit Agreement (Footstar Inc)

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Administration by Administrative Agent. The general administration of the Loan Documents shall be performed by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each Each Lender hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental theretothereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 8 contracts

Samples: Credit and Guaranty Agreement (Federal Mogul Corp), Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit and Guaranty Agreement (Federal Mogul Corp)

Administration by Administrative Agent. The general -------------------------------------- administration of the Loan Documents shall be performed by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each Each Lender hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental theretothereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Revolving Credit, Term Loan and Guaranty Agreement (Federal Mogul Corp)

Administration by Administrative Agent. The general administration of the Loan Fundamental Documents and any other documents contemplated by this Agreement shall be by the Administrative AgentAgent or its designees as provided for herein. The Lenders, Each of the Collateral Agent and the Issuing Bank each Lenders hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Fundamental Documents and the Notes any other documents contemplated by this Agreement as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto. The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Fundamental Documents.

Appears in 3 contracts

Samples: Competitive Advance and Revolving Credit Agreement (PHH Corp), 364 Day Revolving Credit Agreement (PHH Corp), Credit Agreement (PHH Corp)

Administration by Administrative Agent. The general administration of the Loan Documents shall be performed by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each Each Lender hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental theretothereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents and including such actions in connection with the incurrence of Refinancing Indebtedness as are expressly contemplated by the Loan Documents). The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Term Loan and Revolving Credit Agreement (Federal Mogul Corp)

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Administration by Administrative Agent. The general administration of the Loan Documents shall be by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto. The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents. The Co-Agents shall have no responsibilities hereunder other than as Xxxxxxx.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc)

Administration by Administrative Agent. The general administration of the Loan Documents shall be performed by the Administrative Agent. The Lenders, the Collateral Agent and the Issuing Bank each Each Lender hereby irrevocably authorizes the Administrative Agent (i) to enter into the Loan Documents to which it is a party and (ii) Agent, at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents and the Notes as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental theretothereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Administrative Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.. 154

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Usg Corp)

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