Common use of Administrative Agent's Delegation of Power Clause in Contracts

Administrative Agent's Delegation of Power. The rights, duties and powers of the Administrative Agent as set forth in this Trust Agreement may be delegated to one or more Affiliates of the Administrative Agent; provided, however, that as a condition to any such delegation, the delegatee shall expressly agree to be jointly and severally liable with the Administrative Agent for any liability arising out of or in connection with such delegation; provided, however, that such delegation shall in no manner relieve the Administrative Agent from its duties or obligations under this Trust Agreement or any other Trust Document nor relieve the Administrative Agent of its liabilities, if any, for such actions. The Administrative Agent may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 its power for the purpose of executing any documents in accordance with its duties set forth herein; provided, however, that such delegation shall in no manner relieve the Trustee from its duties or obligations arising under this Trust Agreement or any other Trust Document nor relieve the Administrative Agent of its liability for such actions.