Common use of Administration by Agent Clause in Contracts

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 9 contracts

Samples: Secured Super Priority Debtor in Possession Revolving Credit and Guaranty Agreement (Kaiser Aluminum & Chemical Corp), Revolving Credit and Guaranty Agreement (Thermadyne Holdings Corp /De), Credit, Guarantee and Security Agreement (Gentek Inc)

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Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender Bank hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 9 contracts

Samples: Revolving Credit and Guaranty Agreement (Kmart Corp), Revolving Credit and Guaranty Agreement (Multicare Companies Inc), Revolving Credit and Guaranty Agreement (Genesis Health Ventures Inc /Pa)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender Bank hereby irrevocably authorizes the 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 (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The 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 (Marvel Entertainment Group Inc), Revolving Credit and Guaranty Agreement (Flagstar Companies Inc), Revolving Credit and Guaranty Agreement (Alliance Entertainment Corp)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender The Lenders and the Issuing Banks each hereby irrevocably authorizes the Agent, 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 (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents)thereto. The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Dillards Inc), Credit Agreement (Dillards Inc), Credit Agreement (Dillards Inc)

Administration by Agent. The general administration of the Loan Documents shall be performed by the Agent. Each DIP Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Us Office Products Co), Revolving Credit and Guaranty Agreement (Lodgian Inc)

Administration by Agent. The general administration of the ----------------------- Loan Documents shall be by the Agent. Each Lender Bank hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Galey & Lord Inc), Revolving Credit and Guaranty Agreement (Mariner Post Acute Network Inc)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender hereby irrevocably authorizes the 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 this Agreement, the Notes and the other Loan Documents as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

Administration by Agent. The general administration of the Loan ----------------------- Documents shall be by the Agent. Each Lender Bank hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Brunos Inc)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender Bank hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents)thereto. The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Systemax Inc)

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Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral collateral in connection with any transaction that is expressly permitted by the Loan Documentsloan documents). The the Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Act Manufacturing Inc)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each DIP Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Laroche Industries Inc)

Administration by Agent. The general administration of the ----------------------- Loan Documents shall be performed by the Agent. Each Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Icg Holdings Inc)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereofof the Loan Documents, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining other Loan Documents.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Nutramax Products Inc /De/)

Administration by Agent. The general administration of the Loan Documents shall be by the Agent. Each Lender LPP hereby irrevocably authorizes the 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 as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental thereto (including the release of Collateral in connection with any transaction that is expressly permitted by the Loan Documents). The Agent shall have no rights, duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents.

Appears in 1 contract

Samples: Dip Credit Agreement

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