Agents and Arrangers Clause Samples
The 'Agents and Arrangers' clause defines the roles and responsibilities of the parties designated as agents and arrangers in a financial transaction, such as a syndicated loan. Typically, this clause outlines the authority of the agent to act on behalf of the lenders, manage communications, and administer payments, while arrangers are responsible for structuring and organizing the financing. Its core function is to clarify the duties and limits of these parties, ensuring efficient administration and reducing the risk of misunderstandings among the involved parties.
Agents and Arrangers. Neither the Syndication Agent, the Documentation Agents nor any of the Co-Lead Arrangers shall have any duties or responsibilities hereunder in its capacity as such.
Agents and Arrangers. None of the Arrangers shall have any duties or responsibilities hereunder in its capacity as such.
Agents and Arrangers. Except as otherwise set forth herein, any arrangers shall not have any right, power, obligation, liability, responsibility or duty under this Agreement (or any other Credit Document) other than those applicable to all Lenders as such. Without limiting the foregoing, such arrangers shall not have or be deemed to have any fiduciary relationship with any other Lender. Each Lender acknowledges that it has not relied, and will not rely, on any arranger in deciding to enter into this Agreement and each other Credit Document to which it is a party or in taking or not taking action hereunder or thereunder.
Agents and Arrangers. Except as otherwise set forth herein, the Syndication Agent, the Co-Documentation Agents, the Arrangers and the Persons identified as “Joint Bookrunners” shall not have any right, power, obligation, liability, responsibility or duty under this Agreement (or any other Loan Document) other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Agents shall have or be deemed to have any fiduciary relationship with any other Lender or any Obligor. Each Lender acknowledges that it has not relied, and will not rely, on the Agents in deciding to enter into this Agreement and each other Loan Document to which it is a party or in taking or not taking action hereunder or thereunder.
Agents and Arrangers. None of the Joint Lead Arrangers shall have any duties or responsibilities hereunder in its capacity as such.
Agents and Arrangers. Except as otherwise set forth herein, the Documentation Agent and any arrangers shall not have any right, power, obligation, liability, responsibility or duty under this Agreement (or any other Loan Document) other than those applicable to all Lenders as such. Without limiting the foregoing, the Documentation Agent and such arrangers shall not have or be deemed to have any fiduciary relationship with any other Lender. Each Lender acknowledges that it has not relied, and will not rely, on the Documentation Agent or any arranger in deciding to enter into this Agreement and each other Loan Document to which it is a party or in taking or not taking action hereunder or thereunder.
Agents and Arrangers. Except as otherwise set forth herein, the Sole Bookrunner and the Sole Lead Arranger shall not have any right, power, obligation, liability, responsibility or duty under this Agreement (or any other Loan Document) other than those applicable to all Lenders as such. Without limiting the foregoing, the Sole Bookrunner and the Sole Lead Arranger shall not have or be deemed to have any fiduciary relationship with any other Lender. Each Lender acknowledges that it has not relied, and will not rely, on the Sole Bookrunner and the Sole Lead Arranger in deciding to enter into this Agreement and each other Loan Document to which it is a party or in taking or not taking action hereunder or thereunder.
Agents and Arrangers. Neither the Syndication Agent nor any of the Joint Lead Arrangers shall have any duties or responsibilities hereunder in its capacity as such, but shall be entitled to the indemnities and exculpatory provisions of the Administrative Agent set forth in Section 8.03, 8.06, 8.07 and 8.08 as if such provisions referred to the Syndication Agent or the Joint Lead Arrangers mutatis mutandis. The Syndication Agent and the Joint Lead Arrangers are express third party beneficiaries of the Loan Documents to the extent applicable.
Agents and Arrangers. Neither the Senior Managing Agents nor any of the Joint Lead Arrangers shall have any duties or responsibilities hereunder in its capacity as such.
Agents and Arrangers. None of the Lead Arranger, the Co-Arranger, the Syndication Agent or the Documentation Agent shall have any duties, obligations, or liabilities in such respective capacities, the Banks shall have no right to replace the Arrangers, the Syndication Agent or the Documentation Agent if the any of the Arrangers, the Syndication Agent or the Documentation Agent is no longer a Bank, and none of the Arrangers, the Syndication Agent and the Documentation Agent may not assign its status as an Arranger, Syndication Agent or Documentation Agent to any Person.
(mm) Section 9.06(a)(iii) of the Credit Agreement is hereby amended in its entirety as follows: