Common use of Appointment and Authorization of Agent Clause in Contracts

Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them thereunder or in connection therewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 4 contracts

Samples: Second Amending Agreement (Fortis Inc.), Credit Agreement (Fortis Inc.), Credit Agreement (Fortis Inc.)

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Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Facility Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize authorize, the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Facility Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them hereunder or thereunder or in connection herewith or therewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 9.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 4 contracts

Samples: Credit Agreement (Platinum Group Metals LTD), Credit Agreement (Platinum Group Metals LTD), Credit Agreement (Uranium Energy Corp)

Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Documents herein (other than the holder of a participation in its interests herein or thereinherein) to appoint and authorize the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Documents hereunder as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them thereunder hereunder or in connection therewithherewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 14.01 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 3 contracts

Samples: Credit Agreement (Vitran Corp Inc), Term Credit Agreement (Potash Corporation of Saskatchewan Inc), Term Credit Agreement (Potash Corp of Saskatchewan Inc)

Appointment and Authorization of Agent. Each Lender Transaction Party hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Facility Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize authorize, the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Facility Documents as are delegated to the Agent by such Lender Transaction Party by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders Transaction Parties for any action taken or omitted to be taken by it or them hereunder or thereunder or in connection herewith or therewith, except for its own gross negligence or wilful misconduct and each Lender Transaction Party hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 9.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Platinum Group Metals LTD), Second Lien Credit Agreement (Platinum Group Metals LTD)

Appointment and Authorization of Agent. 9.1 Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Facility Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize authorize, the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Facility Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them hereunder or thereunder or in connection herewith or therewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 9.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 1 contract

Samples: Credit Agreement (Uranium Energy Corp)

Appointment and Authorization of Agent. Each 1Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Facility Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize authorize, the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Facility Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them hereunder or thereunder or in connection herewith or therewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 9.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 1 contract

Samples: Credit Agreement (Uranium Energy Corp)

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Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests interest in the Loan Credit Documents (other than the holder of a participation in its interests interest herein or therein) to appoint and authorize authorize, the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Credit Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them thereunder under the Credit Documents or in connection therewith, except for its own gross negligence or wilful misconduct misconduct, and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 Article 12 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ipsco Inc)

Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Credit Documents (other than the holder of a participation in its interests herein or therein) to appoint and authorize the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Credit Documents as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them hereunder or thereunder or in connection herewith or therewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 11.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 1 contract

Samples: Credit Agreement (Lake Shore Gold Corp)

Appointment and Authorization of Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Loan Documents herein (other than the holder of a participation in its interests herein or thereinherein) to appoint and authorize the Agent to take such actions as agent on its behalf and to exercise such powers under the Loan Documents hereunder as are delegated to the Agent by such Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its directors, officers, employees or agents shall be liable to any of the Lenders for any action taken or omitted to be taken by it or them thereunder hereunder or in connection therewithherewith, except for its own gross negligence or wilful misconduct and each Lender hereby acknowledges that the Agent is entering into the provisions of this Section 14.1 on its own behalf and as agent and trustee for its directors, officers, employees and agents.

Appears in 1 contract

Samples: Credit Agreement (Vitran Corp Inc)

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