Common use of Appointment Authority Clause in Contracts

Appointment Authority. Each of the Lenders hereby irrevocably appoints Citibank, N.A. as the Administrative Agent hereunder and under the other Loan Documents and authorizes Citibank, N.A., in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to Citibank, N.A., in such capacity, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, U.S. XxxXx, the Borrower or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent and the Lenders, and Holdings, U.S. Holdings, Canada Holdings, U.S. XxxXx, the Borrower and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Taylor Morrison Home Corp)

AutoNDA by SimpleDocs

Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Citibank, N.A. Credit Suisse AG as the Administrative Agent hereunder and under the other Loan Documents and authorizes Citibank, N.A.Credit Suisse AG, in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to Citibank, N.A.Credit Suisse AG, in such capacity, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Borrower Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent Agent, the Lenders and the LendersIssuing Banks, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Borrower Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Citibank, N.A. Credit Suisse AG as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and authorizes Citibank, N.A.Credit Suisse AG, in such capacitycapacities, to take such actions on its behalf and to exercise such powers as are delegated to Citibank, N.A.Credit Suisse AG, in such capacitycapacities, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Each Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Borrower Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent Agents, the Lenders and the LendersIssuing Banks, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Borrower Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

AutoNDA by SimpleDocs

Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Citibank, N.A. Credit Suisse AG as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and authorizes Citibank, N.A.Credit Suisse AG, in such capacitycapacities, to take such actions on its behalf and to exercise such powers as are delegated to Citibank, N.A.Credit Suisse AG, in such capacitycapacities, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Each Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, U.S. XxxXxCanada Intermediate Holdings, the Borrower Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent Agents, the Lenders and the LendersIssuing Banks, and Holdings, U.S. Holdings, Canada Holdings, U.S. XxxXxCanada Intermediate Holdings, the Borrower Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!