Common use of Agent's Authority to Act, etc Clause in Contracts

Agent's Authority to Act, etc. Each of the Lenders appoints and ----------------------------- authorizes BankBoston to act for the Lenders as the Lenders' Agent in connection with the transactions contemplated by this Agreement and the other Credit Documents on the terms set forth herein. In acting hereunder, the Agent is acting for the account of BankBoston to the extent of its Percentage Interest and for the account of each other Lender to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Oil Co), Credit Agreement (Transmontaigne Inc)

AutoNDA by SimpleDocs

Agent's Authority to Act, etc. Each of the Lenders appoints and ----------------------------- authorizes BankBoston to act for the Lenders as the Lenders' Agent in connection with the transactions contemplated by this Agreement and the other Credit Documents (other than Interest Rate Protection Agreements) on the terms set forth hereinherein and therein. In acting hereunder, the Agent is acting for the its own account of BankBoston to the extent of its Percentage Interest and for the account of each other Lender to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Agent. In particular, the Agent is specifically authorized to execute and deliver on behalf of the Lenders the Borrower Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Agent's Authority to Act, etc. Each of the Lenders appoints and ----------------------------- authorizes BankBoston the Specified Agents to act for the Lenders as the Lenders' Agent ’ Agents in connection with the transactions contemplated by this Agreement and the other Credit Documents on or the terms set forth herein. In acting hereunder, the each Specified Agent is acting for the its own account of BankBoston to the extent of its Percentage Interest and for the account of each other Lender to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 9.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Administrative Agent. The Agents (other than the Specified Agents) shall have no duties or responsibilities under this Agreement or the other Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Charter Communications Inc /Mo/)

Agent's Authority to Act, etc. Each of the Lenders hereby appoints and ----------------------------- authorizes BankBoston the Agent to act for the Lenders as the Lenders' Agent in connection with the transactions contemplated by this Agreement and the other Credit Documents on the terms set forth herein. In acting hereunder, the Agent is acting for the its own account of BankBoston to the extent of its Percentage Interest and for the account accounts of each the other Lender Lenders to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 9.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Agent.

Appears in 1 contract

Samples: Credit Agreement (American Annuity Group Inc)

AutoNDA by SimpleDocs

Agent's Authority to Act, etc. Each of the Lenders appoints and ----------------------------- authorizes BankBoston to act for the Lenders as the Lenders' Agent in connection with the transactions contemplated by this Agreement and the other Credit Documents (other than Interest Rate Protection Agreements) on the terms set forth hereinherein and therein. In acting hereunder, the Agent is acting for the its own account of BankBoston to the extent of its Percentage Interest and for the account of each other Lender to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Agent's Authority to Act, etc. Each of the Lenders appoints and ----------------------------- authorizes BankBoston the Agent to act for the Lenders as the Lenders' Agent in connection with the transactions contemplated by this Agreement and the other Credit Documents on the terms set forth herein. In acting hereunder, the Agent is acting for the account of BankBoston the Agent to the extent of its Percentage Interest in each Loan and for the account of each other Lender to the extent of the Lenders' respective Percentage Interests, and all action in connection with the enforcement of, or the exercise of any remedies (other than the Lenders' rights of set-off as provided in Section 8.2.4 or in any Credit Document) in respect of the Credit Obligations and Credit Documents shall be taken by the Agent. No other agent or arranger named hereunder (other than the Agent) shall have any duties or obligations under the Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Pediatrix Medical Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.