Common use of Agents General Provisions Clause in Contracts

Agents General Provisions. (a) The rights, powers, duties and obligations and actions of each Agent under this Indenture are several and not joint or joint and several. (b) The Company and the Agents acknowledge and agree that in the event of a Default or Event of Default, the Trustee may, by notice in writing to the Company and the Agents, require that the Agents act as agents of, and take instructions exclusively from, the Trustee. Until they have received such written notice from the Trustee, the Agents shall act solely as agents of the Company and need have no concern for the interests of the Holders. (c) In the event that instructions given to any Agent are not reasonably clear, then such Agent shall be entitled to seek clarification from the Company or other party entitled to give the Agents instructions under this Indenture. If an Agent has sought clarification in accordance with this Section 7.14(c), then such Agent shall be entitled to take no action until such clarification is provided, and shall not incur any liability for not taking any action pending receipt of such clarification. (d) The Agents shall only have such duties as expressly set out in this Indenture. (e) The Company shall provide the Agents with a certified list of authorized signatories.

Agents General Provisions. (a) The rights, powers, duties and obligations and actions of each Agent under this Indenture are several and not joint or joint and several. (b) The the Company and the Agents acknowledge and agree that in the event of a Default or Event of Default, the Trustee may, by notice in writing to the Company and the Agents, require that the Agents act as agents of, and take instructions exclusively from, the Trustee. Until they have received such written notice from the Trustee, the Agents shall act solely as agents of the Company and need have no concern for the interests of the Holders. (c) In the event that instructions given to any Agent are not reasonably clear, then such Agent shall be entitled to seek clarification from the Company or other party entitled to give the Agents instructions under this Indenture. If an Agent has sought clarification in accordance with this Section 7.14(c), then such Agent shall be entitled to take no action until such clarification is provided, and shall not incur any liability for not taking any action pending receipt of such clarification. (d) The Agents shall only have such duties as expressly set out in this Indenture. (e) The Company shall provide the Agents with a certified list of authorized signatories.