Common use of Appointment and duties of the Facility Agent Clause in Contracts

Appointment and duties of the Facility Agent. (a) Save as provided in Clause 20.10 (Dutch Security), each Finance Party (other than the Facility Agent) irrevocably appoints the Facility Agent to act as its agent under the Finance Documents. (b) Each Finance Party irrevocably authorises the Facility Agent on its behalf to: (i) perform the duties and to exercise the rights, powers and discretions that are specifically given to it under 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 Party’s behalf. (c) The Facility Agent has only those duties which are expressly specified in the Finance Documents. Those duties are solely of a mechanical and administrative nature.

Appointment and duties of the Facility Agent. (a) Save as provided in Clause 20.10 (Dutch Security), each Finance Party (other than the Facility Agent) irrevocably appoints the Facility Agent to act as its agent under the Finance Documents. (b) Each Finance Party irrevocably authorises the Facility Agent on its behalf to: (i) perform the duties and to exercise the rights, powers and discretions that are specifically given to it under 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 Party’s 's behalf. (c) The Facility Agent has only those duties which are expressly specified in the Finance Documents. Those duties are solely of a mechanical and administrative nature.

Appointment and duties of the Facility Agent. (a) Save as provided in Clause 20.10 (Dutch Security), each Each Finance Party (other than the Facility Agent) irrevocably appoints the Facility Agent to act as its agent under and in connection with the Finance Documents. (b) Each Finance Party appointing the Facility Agent irrevocably authorises the Facility Agent on its behalf to: (i) perform the duties and to exercise the rights, powers and discretions that are specifically given 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 Party’s behalf., (c) The Facility Agent has only those duties which are expressly specified in the Finance Documentsthis Agreement. Those duties are solely of a mechanical and administrative nature.