Appointment and duties of the Agents. (a) Each Lender irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents. (b) Each Finance Party appointing each Agent irrevocably authorises each Agent on its behalf to: (i) perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and (ii) execute each Finance Document expressed to be executed by the Facility Agent on that Finance Party’s behalf. (c) Each Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appears in 3 contracts
Samples: Facility Agreement (Liberty Global, Inc.), Restated Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)
Appointment and duties of the Agents. (a) Each Lender and Lead Arranger irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party appointing each Agent irrevocably authorises each Agent on its behalf to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the Facility Agent on that Finance Party’s behalf.
(c) Each Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appears in 3 contracts
Samples: Credit Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)
Appointment and duties of the Agents. (a) Each Lender Finance Party (other than such Agent) irrevocably appoints each Agent to act as its agent (and, in the case of the Security Agent, trustee) under and in connection with respect of the Finance Documents.
(b) Each Finance Party appointing each Agent irrevocably authorises each Agent on its behalf to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically delegated given to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the Facility relevant Agent on that Finance Party’s its behalf.
(c) Each Agent shall have has only those duties which are expressly specified in this Agreementthe Finance Documents. Those duties are solely of a mechanical and administrative nature.
Appears in 1 contract
Samples: Senior Credit Agreement (Kabel Deutschland Vertrieb Und Service GmbH & Co. KG)
Appointment and duties of the Agents. (a) Each Lender Finance Party (other than the Agents) irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party appointing each Agent the Agents irrevocably authorises each Agent on its behalf to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it the relevant Agent under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the Facility relevant Agent on that Finance Party’s 's behalf.
(c) Each Agent shall have only those duties which are expressly specified in this Agreementthe Finance Documents. Those duties are solely of a mechanical and administrative nature.
Appears in 1 contract
Samples: Revolving Credit Facility (Toreador Resources Corp)
Appointment and duties of the Agents. (a) Each Lender Finance Party irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party appointing each Agent , and irrevocably authorises each Agent on its behalf tobehalf:
(i) to execute on its behalf such of the Senior Finance Documents which are expressed by this Agreement to be executed by such Agent on behalf of the Finance Parties; and
(ii) to perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the Facility Agent on that Finance Party’s behalf.
(cb) Each Agent shall have only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appears in 1 contract
Appointment and duties of the Agents. (a) Each Lender Finance Party irrevocably appoints each Agent to act as its agent under and in connection with the Finance Documents.
(b) Each Finance Party appointing each Agent irrevocably authorises each Agent on its behalf to:
(i) perform the duties and to exercise the rights, powers and discretions that are specifically delegated to it under or in connection with the Finance Documents, together with any other incidental rights, powers and discretions; and
(ii) execute each Finance Document expressed to be executed by the Facility such Agent on that Finance Party’s 's behalf.
(c) Each Agent shall have has only those duties which are expressly specified in this Agreement. Those duties are solely of a mechanical and administrative nature.
Appears in 1 contract