Administrative Agent May Hold Collateral For Lenders and Others Sample Clauses

Administrative Agent May Hold Collateral For Lenders and Others. The Lenders and the Loan Parties acknowledge that any Security Documents relating to the Loans, the Obligations, or the Collateral, including all of such documents filed in the public records in order to evidence or perfect the Liens granted in the Credit Documents, may name only the Administrative Agent, as agent for the Lenders as the secured party, mortgagee, beneficiary, or as lienholder. The Lenders and the Loan Parties authorize the Administrative Agent to hold any or all of the Liens in and to the Collateral as the agent for the benefit of the Credit Parties, M&T Bank, the Swap Providers, or any of their respective Affiliates, as applicable under this Agreement. Such Swap Providers and Affiliates which are party hereto, by their acceptance of the benefits of this Agreement and/or any other Security Documents or Credit Documents, also hereby authorize the Administrative Agent to hold the Liens in and to the Collateral as their administrative agent.
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Administrative Agent May Hold Collateral For Lenders and Others. The LENDERS and the BORROWER acknowledge that any financing statements, guaranties, stock pledge agreements, mortgages, deeds of trust, security documents or other document evidencing or documenting any LIENS relating to or securing the LOANS, the other OBLIGATIONS, or the COLLATERAL, including all of such documents filed in the public records in order to evidence or perfect the LIENS and security interests granted in the CREDIT DOCUMENTS, may name only the ADMINISTRATIVE AGENT, as agent for the LENDERS, as the secured party, mortgagee, beneficiary, or as lienholder. The LENDERS and the BORROWER authorize the ADMINISTRATIVE AGENT to hold any or all of the above-described security interests and LIENS in and to the COLLATERAL as the agent for the LENDERS.
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Administrative Agent May Hold Collateral For Lenders and Others. The Lenders acknowledge that any Security Documents relating to the Loans, the Obligations, or the Collateral, including all of such documents filed in the public records in order to evidence or perfect the Liens granted in the Credit Documents, may name only the Administrative Agent, as agent for the Lenders as the secured party, mortgagee, beneficiary, or as lienholder. The Lenders authorize the Administrative Agent to hold any or all of the Liens in and to the Collateral as the agent for the benefit of the Credit Parties, M&T Bank, the Swap Providers, or any of their respective Affiliates, as applicable under this Agreement. Such Swap Providers and Affiliates which are party hereto, by their acceptance of the benefits of this Agreement and/or any other Security Documents or Credit Documents, also hereby authorize the Administrative Agent to hold the Liens in and to the Collateral as their administrative agent.
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Related to Administrative Agent May Hold Collateral For Lenders and Others

  • Non-Reliance on Administrative Agent and Other Lenders Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

  • Administrative Agent and Other Agents 137 Section 9.01 Appointment and Authority of the Administrative Agent. 137 Section 9.02 Rights as a Lender 138 Section 9.03 Exculpatory Provisions 138 Section 9.04 Reliance by the Administrative Agent 139 Section 9.05 Exclusive Right to Enforce Rights and Remedies; Delegation of Duties 140 Section 9.06 Non-Reliance on Administrative Agent and Other Lenders; Disclosure of Information by Agents 140 Section 9.07 Expenses; Indemnification of Agents 141 Section 9.08 No Other Duties; Other Agents, Lead Arranger, Managers, Etc. 141 Section 9.09 Resignation of Administrative Agent or Collateral Agent 142 Section 9.10 Administrative Agent May File Proofs of Claim 143 Section 9.11 Collateral and Guaranty Matters 143 Section 9.12 Appointment of Supplemental Administrative Agents 144 Section 9.13 Subordination Agreement 145 Section 9.14 Secured Cash Management Agreements and Secured Hedge Agreements 145 Section 9.15 Withholding Taxes 146 ARTICLE X MISCELLANEOUS 146 Section 10.01 Amendments, Etc 146 Section 10.02 Notices and Other Communications; Facsimile Copies 149 Section 10.03 No Waiver; Cumulative Remedies 151 Section 10.04 Attorney Costs and Expenses 151 Section 10.05 Indemnification by the Borrower 152 Section 10.06 Marshaling; Payments Set Aside 153 Section 10.07 Successors and Assigns 153 Section 10.08 Confidentiality 160 Section 10.09 Set-off 161 Section 10.10 Interest Rate Limitation 162 Section 10.11 Counterparts; Integration; Effectiveness 162 Section 10.12 Electronic Execution of Assignments and Certain Other Documents 162 Section 10.13 Survival of Representations and Warranties 163 Section 10.14 Severability 163 Section 10.15 GOVERNING LAW AND JURISDICTION 163 Section 10.16 WAIVER OF RIGHT TO TRIAL BY JURY 164 Section 10.17 Binding Effect 164 Section 10.18 Lender Action 164 Section 10.19 Approval 164 Section 10.20 PATRIOT Act Notice 164 Section 10.21 Service of Process 164 Section 10.22 No Advisory or Fiduciary Responsibility 164 Section 10.23 Cashless Settlement 165 Section 10.24 EU Bail-In 165 SCHEDULES

  • Non-Reliance on Agents and Other Lenders Each Lender expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates.

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