Appointment of Administrative Sub-Agent Clause Samples

Appointment of Administrative Sub-Agent. Each party hereto (i) acknowledges the Administrative Agent, pursuant to Section 10.5, has appointed the Administrative Sub-Agent as the Administrative Agent’s sub-agent for purposes of performing the duties, responsibilities and functions of the Administrative Agent under Sections 2.5, 2.8, 2.9, 2.12, 6.1, 6.2, 6.3, 6.13 (at the request of the Administrative Agent), 11.1, 11.3(e) and 11.11 and, and (ii) agrees that such appointment is subject to the terms and conditions of the Sub-Agency Agreement and further agrees that all references to the “Administrative Agent” in such Sections (and in the defined terms “Administrative Questionnaire”, “Federal Funds Rate”, “Recipient”, and “Withholding Agent” as used in such Sections) mean the Administrative Sub-Agent until notified otherwise in writing by the Administrative Agent.