Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.
Appears in 3 contracts
Samples: Credit Agreement (KC Holdco, LLC), First Lien Credit Agreement (KC Holdco, LLC), Credit Agreement (KC Holdco, LLC)
Appointment of Agents. Each of KeyBank is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes KeyBank to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AGappointed the Administrative Agent, Cayman Islands Branch, to act on its behalf as the Revolving Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent, the Revolving Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. PNC Bank and Xxxxx Fargo Securities are hereby appointed the Co-Documentation Agents hereunder, and each Lender hereby authorizes PNC Bank and Xxxxx Fargo Securities to act as the Co-Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under the Loan Documents, 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 or any of its Subsidiaries. The Syndication Agent and each of the Lenders (including in its capacities as a Lender Counterparty Co-Documentation Agents, without consent of or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent notice to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of their respective rights or obligations hereunder to any of the their respective Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Syndication Agent and the Co-Documentation Agents are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective 128 capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, Syndication Agent and the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were none of the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArrangers, the Other Revolving CommitmentsBookrunners, the Term Syndication Agent nor the Co-Documentation Agents in their respective capacities as such shall, by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (Fmsa Holdings Inc), Credit and Guaranty Agreement (Fmsa Holdings Inc), Credit and Guaranty Agreement (Fmsa Holdings Inc)
Appointment of Agents. Scotiabank is xxxxxx appointed as Administrative Agent xxxxxxxxx and under the other Credit Documents and each Lender hereby authorizes Scotiabank to act as Administrative Agent in accordance with the terms hereof and the other Credit Documents. Barclays, BNP Paribas, Fifth Third, Xxxxxxx Xxxxx and SMBC are hereby appointed Documentation Agents hereunder, and each Lender hereby authorizes Barclays, BNP Paribas, Fifth Third, Xxxxxxx Xxxxx and SMBC to act as Documentation Agents in accordance with the terms hereof and the other Credit Documents. BofA and Scotiabank are each hereby appointed as Arrangers hereunder, and each Lender hereby authorizes each of BofA and Scotiabank to act as Arrangers in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 8 are solely for the benefit of the Agents and the Lenders and, except as set forth in Section 8.7, the Borrower shall not have any rights as a third party beneficiary of any of the provisions hereof. In performing its functions and duties hereunder, 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 the Issuing Bank hereby irrevocably appoints Credit Suisse AGBorrower or any of its Subsidiaries. None of BofA, Cayman Islands BranchScotiabank, to act on its behalf as the Administrative Agent Barclays, BNP Paribas, Fifth Third, Xxxxxxx Xxxxx and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth SMBC in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its their capacities as a Lender Counterparty an Arranger or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Documentation Agent, as “collateral agent” and applicable, shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes8.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Las Vegas Sands Corp), Revolving Credit Agreement (Las Vegas Sands Corp)
Appointment of Agents. Each of GSCP and SSB is hereby appointed a Joint Lead Arranger hereunder. GSCP is hereby appointed as Syndication Agent hereunder. Each Lender hereby authorizes each Joint Lead Arranger and Syndication Agent to act as its agents in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Citibank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent (for purposes of this Section 9, the terms "Administrative Agent" and "Agent" shall also include Citibank in its capacity as Collateral Agent pursuant to the Collateral Documents) hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Bank of America is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes each Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof other than the right to receive notices pursuant to the first two sentences of Section 9.7. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers all the respective obligations of (i) GSCP and discretion SSB in its capacity as are reasonably incidental thereto. In this connectionJoint Lead Arranger and (ii) Bank of America, the Collateral Agent, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesterminate.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Focal Communications Corp)
Appointment of Agents. Each of the Lenders and the Issuing Bank Scotiabank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Scotiabank to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Barclays, BNP Paribas, Fifth Third, Xxxxxxx Xxxxx and SMBC are hereby appointed Documentation Agents hereunder, and each Lender hereby authorizes Barclays, BNP Paribas, Fifth Third, Xxxxxxx Sachs and SMBC to act as Documentation Agents in accordance with the terms hereof and the other Credit Documents. BofA and Scotiabank are each hereby appointed as Arrangers hereunder, and each Lender hereby authorizes each of BofA and Scotiabank to act as Arrangers in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 8 are solely for the benefit of the Loan DocumentsAgents and the Lenders and, together with such actions and powers except as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this ArticleSection 8.7, the Borrower shall not have any rights as a third party beneficiary of any of the provisions hereof. The Collateral In performing its functions and duties hereunder, each Agent shall act solely as the “collateral agent” under the Loan Documents, and each an agent of the Lenders (including and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Borrower or any of its Subsidiaries. None of BofA, Scotiabank, Barclays, BNP Paribas, Fifth Third, Xxxxxxx Xxxxx and SMBC in its their capacities as a Lender Counterparty an Arranger or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Documentation Agent, as “collateral agent” and applicable, shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes8.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Las Vegas Sands Corp), Revolving Credit Agreement (Las Vegas Sands Corp)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG(a) Xxxxxx Xxxxxxx Senior Funding, Cayman Islands Branch, Inc. to act on its behalf as the Term Loan Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and (b) JPMorgan Chase Bank, N.A. to act on its behalf as the Revolving Facility Administrative Agent hereunder and under the Loan Documents, and authorizes the each Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent Agents and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent Agents set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent Agents pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative AgentAgents, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-co- agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Zebra Technologies Corp)
Appointment of Agents. Each of DBSI is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes DBSI to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Loan Documents. Each of BAS, CS Securities and RBC is hereby appointed a Co-Documentation Agent hereunder, and each Lender hereby authorizes each of BAS, CS Securities and RBC to act as a Co-Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in 178 provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under 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 any Group Member. Each of the Loan DocumentsSyndication Agent and each Co-Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Each of the Syndication Agent and each Co-Documentation Agent shall be released from the restrictions of Section 181 German Civil Code (BGB - Bürgerliches Gesetzbuch), and similar restrictions under any other applicable law, and shall be authorized to delegate this power of attorney, including the release from such restrictions. Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each of the Lenders (including Arrangers, the Bookrunners, the Syndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in its their respective capacities as a Lender Counterparty such shall have no duties, responsibilities or potential Lender Counterparty) liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Arrangers, the Bookrunners, the Syndication Agent and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Co-Documentation Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/), Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)
Appointment of Agents. Each The Custodian may permit any Sub-Custodian at any time or times in its discretion to appoint (and may at any time remove) any other bank or trust company which is itself qualified under the Investment Company Act of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG1940, Cayman Islands Branchas amended, to act on as a custodian, as its behalf agent to carry out such of the provisions of this Section 3 as the Administrative Agent and Collateral Agent Sub- Custodian may from time to time direct; provided, however, that the appointment of any agent shall not relieve the Custodian or any Sub-Custodian of its responsibilities or liabilities hereunder and under provided that any such agent shall have been approved by vote of the other Loan Documents and authorizes Trustees of the Administrative Agent and Collateral Agent Fund. The Custodian may also permit any Sub-Custodian to take which foreign securities of the Fund have been delivered to direct such actions on its behalf securities to be held by 17f-5 Sub-Custodians and to exercise such powers use the facilities of Foreign Depositories, as those terms are delegated to defined in the Administrative Agent and Collateral Agent by Foreign Sub- Custodian Agreement, in accordance with the terms of the Loan Documents, together with such actions Foreign Sub-Custodian Agreement. The agents which the Fund and powers as the Custodian have approved to date are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this ArticleSchedule B hereto. Schedule B shall be amended from time to time as agents are changed, added or deleted. The Collateral Agent Fund shall act as be responsible for informing the “collateral agent” under the Loan DocumentsCustodian, and each the Custodian shall be responsible for informing the appropriate Sub-Custodian, sufficiently in advance of a proposed investment which is to be held at a location not listed on Schedule B, in order that there shall be sufficient time for the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) Sub-Custodian to complete the appropriate contractual and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together technical arrangements with such powers and discretion as are reasonably incidental theretoagent. In this connection, Any Sub-Custodian Agreement shall provide that the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed engagement by the Administrative Agent pursuant to Section 8.05 for purposes Sub-Custodian of holding one or enforcing any Lien on more agents shall not relieve the Collateral (Sub-Custodian of its responsibilities or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesliabilities thereunder.
Appears in 2 contracts
Samples: Sub Custodian Agreement (Putnam Overseas Growth Fund), Sub Custodian Agreement (Putnam New York Tax Exempt Money Market Fund)
Appointment of Agents. Each of Barclays Capital is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes Barclays Capital to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Credit Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Credit Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleSection 9 (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under the Loan DocumentsLenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any of its subsidiaries. The Syndication Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Credit Document, each of the Lenders (including Arranger and the Syndication Agent are named as such for recognition purposes only, and in its their respective capacities as a Lender Counterparty such shall have no duties, responsibilities or potential Lender Counterparty) liabilities with respect to this Agreement or any other Credit Document; it being understood and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any agreed that each of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers Arranger and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Syndication Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Credit Documents and all of the other benefits of all provisions this Section 9. Without limitation of the foregoing, neither the Arranger nor the Syndication Agent shall, by reason of this Article VIII and Section 9.03 (as though such co-agentsAgreement or any other Credit Document, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth have any fiduciary relationship in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notesof any Lender, Credit Agreement Refinancing Indebtedness and the Refinancing NotesParty or any other Person.
Appears in 2 contracts
Samples: Collateral Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)
Appointment of Agents. Each (a) In its discretion, the Custodian may appoint one or more Sub-Custodians to establish and maintain arrangements with (i) Eligible Securities Depositories or (ii) Eligible Foreign Custodians who are members of the Lenders Sub-Custodian's network to hold Securities and cash of the Issuing Bank hereby irrevocably appoints Credit Suisse AGFund and to carry out such other provisions of this Agreement as it may determine; provided, Cayman Islands Branchhowever, that the appointment of any such agents and maintenance of any Securities and cash of the Fund shall be at the Custodian's expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. The Custodian shall be liable for the actions of any Sub-Custodians (regardless of whether assets are maintained in the custody of a Sub-Custodian, a member of its network or an Eligible Securities Depository) appointed by it as if such actions had been done by the Custodian. (b) If, after the initial appointment of Sub-Custodians by the Board of Trustees in connection with this Agreement, the Custodian wishes to act on its behalf appoint other Sub-Custodians to hold property of the Fund, it will so notify the Trust and make the necessary determinations as the Administrative Agent and Collateral Agent hereunder and to any such new Sub-Custodian's eligibility under Rule 17f-5 under the other Loan Documents and authorizes 1940 Act. (c) In performing its delegated responsibilities as foreign custody manager to place or maintain the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together Fund's assets with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereina Sub-Custodian, the Collateral Agent Custodian will determine that the Fund's assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Fund's assets will be held by that Sub-Custodian, after considering all factors relevant to safekeeping of such assets, including, without limitation the factors specified in Rule 17f-5(c)(1). (d) The agreement between the Custodian and each Sub-Custodian acting hereunder shall have all contain the rights and benefits of the Administrative Agent required provisions set forth in this ArticleRule 17f-5(c)(2) under the 1940 Act. (e) At the end of each calendar quarter, the Custodian shall provide written reports notifying the Board of Trustees of the withdrawal or placement of the Securities and cash of the Fund with a Sub-Custodian and of any material changes in the Fund's arrangements. Such reports shall include an analysis of the custody risks associated with maintaining assets with any Eligible Securities Depositories. The Collateral Agent Custodian shall act promptly take such steps as may be required to withdraw assets of the “collateral agent” Fund from any Sub-Custodian arrangement that has ceased to meet the requirements of Rule 17f-5 or Rule 17f-7 under the Loan Documents1940 Act, as applicable. (f) With respect to its responsibilities under this Section 3.3, the Custodian hereby warrants to the Trust that it agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of property of the Fund. The Custodian further warrants that the Fund's assets will be subject to reasonable care if maintained with a Sub-Custodian, after considering all factors relevant to the safekeeping of such assets, including, without limitation: (i) the Sub-Custodian's practices, procedures, and each internal controls for certificated securities (if applicable), its method of keeping custodial records, and its security and data protection practices; (ii) whether the Sub-Custodian has the requisite financial strength to provide reasonable care for Fund assets; (iii) the Sub-Custodian's general reputation and standing and, in the case of a Securities Depository, the Securities Depository's operating history and number of participants; and (iv) whether the Fund will have jurisdiction over and be able to enforce judgments against the Sub-Custodian, such as by virtue of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent existence of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any offices of the Loan Parties pursuant Sub-Custodian in the United States or the Sub-Custodian's consent to service of process in the Security Documents United States. (g) The Custodian shall establish a system or ensure that its Sub-Custodian has established a system to secure any monitor on a continuing basis (i) the appropriateness of maintaining the Fund's assets with a Sub-Custodian or Eligible Foreign Custodians who are members of a Sub-Custodian's network; (ii) the performance of the Obligations, together contract governing the Fund's arrangements with such powers Sub-Custodian or Eligible Foreign Custodian's members of a Sub-Custodian's network; and discretion as are reasonably incidental thereto(iii) the custody risks of maintaining assets with an Eligible Securities Depository. In this connection, The Custodian must promptly notify the Collateral Agent, as “collateral agent” Fund or its investment adviser of any material change in these risks. (h) The Custodian shall use reasonable commercial efforts to collect all income and any co-agents, sub-agents and attorneys-in-fact appointed by other payments with respect to Foreign Securities to which the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, Fund shall be entitled and shall credit such income, as collected, to the benefits of all provisions of this Article VIII and Section 9.03 (as though Trust. In the event that extraordinary measures are required to collect such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loansincome, the Other Revolving Commitments, Trust and Custodian shall consult as to the Term Loan Exchange Notes, measures and as to the Additional Term Notes, compensation and expenses of the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.Custodian relating to such measures. 3.04
Appears in 2 contracts
Samples: Custody Agreement (Pc&j Performance Fund), Custody Agreement (Pc&j Preservation Fund /Oh/)
Appointment of Agents. Each of (a) GE Capital is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes GE Capital to act as Syndication Agent in accordance with the Lenders terms hereof and the Issuing Bank other Loan Documents. GSCP is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the GSCP to act as Administrative Agent and Collateral Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of Sections 9.2, 9.3, 9.4, 9.5, 9.6, 9.7 and 9.11 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of 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 or any of its Subsidiaries. Syndication Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, GE Capital, in its capacity as Syndication Agent shall have no obligations but shall be entitled to all benefits of Sections 9.2, 9.3, 9.4, 9.5, 9.6, 9.7 and 9.11. Each Lender irrevocably authorizes each Agent to take such actions action on its such Lender’s behalf and to exercise such powers powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to the Administrative Agent and Collateral such Agent by the terms of the Loan Documentshereof and thereof, together with such actions powers, rights and powers remedies as are reasonably incidental thereto, including, without limitation, signing any reliance, engagement or hold harmless letters in connection with the Loan Documents on its behalf. Unless otherwise specifically set forth herein, the Collateral Each Agent shall have all only those duties and responsibilities that are expressly specified herein and the other Loan Documents. Each Agent may exercise such powers, rights and benefits remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, a fiduciary relationship in respect of any Lender; and each nothing herein or any of the Lenders (including other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in its capacities respect hereof or any of the other Loan Documents except as a expressly set forth herein or therein. Each Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as agree the agent terms of, execute and enter into each Collateral Document on behalf of such Lender and the Issuing Bank for purposes of acquiringto take any action related thereto including, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionwithout limitation, the Collateral Agent, as “collateral agent” and enforcement of any co-agents, sub-agents and attorneys-in-fact appointed right acquired by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesthereunder.
Appears in 2 contracts
Samples: Credit Agreement (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)
Appointment of Agents. Each of Xxxxxxx Xxxxx is hereby appointed as Arranger hereunder, and each Lender hereby authorizes Xxxxxxx Sachs to act as Arranger in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Xxxxxxx Xxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Xxxxxxx Sachs to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Xxxxx and Deutsche Bank are hereby appointed as Bookrunners hereunder, and each Lender hereby authorizes Xxxxxxx Sachs and Deutsche Bank to act as Bookrunners in accordance with the terms hereof and the other Credit Documents. Deutsche Bank is hereby appointed Documentation Agent hereunder and under the other Credit Documents and each Lender hereby authorizes Deutsche Bank to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Xxxxx is hereby appointed Syndication Agent hereunder and under the other Credit Documents and each Lender hereby authorizes Xxxxxxx Sachs to act as Syndication Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Documentation Agent and Syndication Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers none of (i) Xxxxxxx Xxxxx, in its capacity as Arranger and discretion a Bookrunner, (ii) Deutsche Bank, in its capacity as are reasonably incidental thereto. In this connectiona Bookrunner and the Documentation Agent or (iii) Xxxxxxx Sachs, the Collateral in its capacity as Syndication Agent, as “collateral agent” and shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII Documentation Agent, Syndication Agent, Arranger, any Bookrunner and Section 9.03 any Agent described in clause (as though g) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AGJPMorgan Chase Bank, Cayman Islands Branch, N.A. to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent (and, if applicable, in the case of any UK Security Documents, as trustee of the Liens constituted thereby) of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Miami Credit Agreement, Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness, the Refinancing Notes, Miami Term Loans, the Miami Revolving Commitments, the Miami Term Loan Exchange Notes, the Miami Additional Term Notes, the Miami Unrestricted Additional Term Notes, Miami Credit Agreement Refinancing Indebtedness and the Miami Refinancing Notes. The Administrative Agent and the Collateral Agent shall at all times be the same Person that is the “administrative agent” and the “collateral agent” under the Miami Credit Agreement. Written notice of resignation by the JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent pursuant to Section 8.06 of the Miami Credit Agreement shall also constitute notice of resignation as the Administrative Agent and the Collateral Agent under this Agreement; removal of JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent pursuant to Section 8.06 of the Miami Credit Agreement shall also constitute removal under this Agreement; and appointment of an administrative agent and collateral agent pursuant to Section 8.06 of the Miami Credit Agreement shall also constitute appointment of a successor Administrative Agent and Collateral Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Micro Focus International PLC), Credit Agreement (Micro Focus International PLC)
Appointment of Agents. Each The Borrower and the Lenders acknowledge and agree that The Bank of Nova Scotia has acted and shall be credited as lead arranger and bookrunner of the Lenders Revolving Loans. The Borrower and the Issuing Lenders acknowledge and agree that The Bank of Nova Scotia is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and Collateral Agent the LC Bank hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Revolving Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, Borrower and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant Agent with respect to the Security Documents to secure any of the Revolving Loan Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, each Lender authorizes the Collateral Agent, as “collateral agent” Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on enter into and perform their respective obligations under the Collateral Trust Agreement. Each Lender hereby authorizes (or any portion thereofa) granted under the Security Administrative Agent to act as its agent and (b) the LC Bank to act as issuing bank, in each case in accordance with the terms hereof and the other Revolving Loan Documents. The Administrative Agent hereby agrees to act upon the express conditions contained herein and the other Revolving Loan Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all as applicable. The provisions of this Article VIII are solely for the benefit of the Agents and Section 9.03 (the Lenders and no Obligor shall have any rights as though such co-agentsa third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, subagents the Administrative Agent shall act solely as an agent of the Lenders and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty no Agent does or shall assume or be deemed to hereby acknowledge and agree) that Collateral Agent may also act have assumed any obligation towards or relationship of agency or trust with or for the Borrower or any of its Subsidiaries. The Bank of Nova Scotia in its capacity as the collateral agent for lenders lead arranger and bookrunner shall 105 not have any duties, liabilities or obligations under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesDocuments but shall be entitled to all benefits of this Article VIII.
Appears in 2 contracts
Samples: Credit Agreement (Delta Energy Center, LLC), Credit Agreement (Calpine Corp)
Appointment of Agents. (a) Each Lender hereby appoints (i) each of BNP, Chinatrust, CACIB, CS, X.X. Xxxxxx, NATIXIS and Shinhan as a Mandated Lead Arranger hereunder; and (ii) ICBC as the Lenders Lead Arranger hereunder, and each Lender hereby authorizes each such Person to act as a Mandated Lead Arranger or Lead Arranger in accordance with the terms hereof and the Issuing Bank other Credit Documents. BNP Paribas Hong Kong Branch is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Facility Agent and Collateral the Security Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent BNP Paribas Hong Kong Branch to act as the Facility Agent and the Security Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. Without limiting the generality of the other provisions in the Credit Documents, each Agent shall promptly notify the other Finance Parties if it receives notice from a Credit Party or a Lender referring to this Agreement describing a Default or it is aware of the non-payment of any principal, interest or other fee payable to a Finance Party under this Agreement. The provisions of Section 9 are solely for the benefit of the Agents and the Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 the Issuing Bank for purposes Borrower or any of acquiringits Subsidiaries. Each Mandated Lead Arranger and Lead Arranger, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of its Affiliates. None of BNP, Chinatrust, CACIB, CS, X.X. Xxxxxx, NATIXIS and Shinhan in its capacity as a Mandated Lead Arranger, nor ICBC in its capacity as the Loan Parties pursuant to the Security Documents to secure Lead Arranger, shall have any of the Obligationsobligations arising under any Credit Document, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, but shall be entitled to the all benefits of all provisions of this Article VIII Section 9 and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were elsewhere in the “collateral agent” under Credit Documents to the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesextent provided therein.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Home Inns & Hotels Management Inc.)
Appointment of Agents. Each of the Lenders and the Issuing Bank CS is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes CS Securities, Barclays Capital, BOAS and DBS are hereby appointed the Administrative Agent Arrangers hereunder and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, and each Lender hereby authorizes CS, CS Securities, Barclays Capital, BOAS and DBS to act in such capacities as its agents in accordance with the terms hereof and thereof. Each Agent hereby agrees to act on the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Section 8 are solely for the benefit of Agents and Lenders and no Loan Party shall have any rights as a third-party beneficiary of any of the Lenders (including in provisions thereof. In performing its capacities functions and duties hereunder, each Agent shall act solely as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Arrangers and Administrative Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of its Affiliates. No Arranger shall have any obligations under or related to the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, but shall be entitled to the benefits of all provisions this Section 8. Notwithstanding any other provision of this Article VIII Agreement or any provision of any other Loan Document, the Arrangers are named as such for recognition purposes only, and Section 9.03 (in their respective capacities as though such co-agentsshall have no duties, subagents responsibilities or liabilities with respect to this Agreement or any other Loan Document; it being understood and attorneys-in-fact were agreed that each Arranger shall be entitled to all indemnification and reimbursement rights and exculpations in favor of the “collateral agent” under Agents provided herein and in the other Loan Documents) . Without limitation of the foregoing, no Arranger in its respective capacity as if set forth such shall, by reason of this Agreement or any other Loan Document, have any fiduciary relationship in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loansof any Lender, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesParty or any other Person.
Appears in 2 contracts
Samples: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)
Appointment of Agents. Each GECCEach of CONA and SunTrust Bank is hereby appointed as SyndicationCo-Syndication Agent hereunder, and each Lender hereby authorizes GECCCONA and SunTrust Bank to act as the Lenders SyndicationCo-Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents. Each of RBC CapitalCS Securities and DBSIRoyal Bank is hereby appointed as Co-Documentation Agent hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes RBC CapitalCS Securities and the Issuing DBSIRoyal Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the Co- DocumentationCo-Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Co-Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral AgentSyndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in their respective capacities as “collateral agent” and any co-agentssuch shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentJoint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were neither the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansJoint Lead Arrangers, the Other Revolving CommitmentsSyndication AgentCo-Syndication Agents nor the Co-Documentation Agents in their respective capacities as such shall, the Term by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)
Appointment of Agents. Each of GECC is hereby appointed as Syndication Agent hereunder, and each Lender hereby authorizes GECC to act as the Lenders Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents. Each of RBC Capital and DBSI is hereby appointed as Co-Documentation Agent hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes RBC Capital and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent DBSI to act as the Co-Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Co-Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral AgentSyndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in their respective capacities as “collateral agent” and any co-agentssuch shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentJoint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were neither the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansJoint Lead Arrangers, the Other Revolving CommitmentsSyndication Agent nor the Co-Documentation Agents in their respective capacities as such shall, the Term by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 2 contracts
Samples: Intercreditor Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)
Appointment of Agents. Each of DBSI and GECC is hereby appointed as Co-Syndication Agent hereunder, and each Lender hereby authorizes DBSI and GECC to act as the Lenders Co-Syndication Agents in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. RBC Capital is hereby appointed as Documentation Agent hereunder, and each Lender hereby authorizes RBC Capital to act as Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under 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 or any of its Subsidiaries. Each of the Co-Syndication Agents and the Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan DocumentsDocument, and each of the Lenders (including Joint Lead Arrangers, the Co-Syndication Agents and the Documentation Agent are named as such for recognition purposes only, and in its their respective capacities as a Lender Counterparty such shall have no duties, responsibilities or potential Lender Counterparty) liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Joint Lead Arrangers, the Co-Syndication Agents and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Documentation Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were neither the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansJoint Lead Arrangers, the Other Revolving CommitmentsCo-Syndication Agents nor the Documentation Agent in their respective capacities as such shall, the Term by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)
Appointment of Agents. Each of Xxxxxxx Xxxxx, UBS Securities, CS Securities and RBC Capital Markets are hereby appointed as Arranger hereunder, and each Lender hereby authorizes Xxxxxxx Sachs, UBS Securities, CS Securities and RBC Capital Markets to act as Arranger in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Xxxxxxx Xxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Xxxxxxx Sachs to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Xxxxx, UBS Securities, CS Securities and RBC Capital Markets are hereby appointed as Bookrunner hereunder, and each Lender hereby authorizes Xxxxxxx Sachs, UBS Securities, CS Securities and RBC Capital Markets to act as Bookrunner in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Xxxxx, UBS Securities, CS Securities and RBC Capital Markets are hereby appointed Syndication Agent hereunder and under the other Credit Documents and each Lender hereby authorizes Xxxxxxx Sachs, UBS Securities, CS Securities and RBC Capital Markets to act as Syndication Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each Syndication Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers none of (i) Xxxxxxx Xxxxx, in its capacity as Arranger, Bookrunner and discretion as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, (ii) UBS Securities, in its capacity as “collateral agent” Arranger, Bookrunner and any co-agentsSyndication Agent, sub-agents (iii) CS Securities, in its capacity as Arranger, Bookrunner and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security DocumentsSyndication Agent, or for exercising any rights (iv) RBC Capital Markets, in its capacity as Arranger, Bookrunner and remedies thereunder at the direction of the Administrative Syndication Agent, shall have any obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII Syndication Agent, Arranger, any Bookrunner and Section 9.03 any Agent described in clause (as though g) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)
Appointment of Agents. Each of Citi is hereby appointed as Syndication Agent hereunder, and each Lender hereby authorizes Citi to act as the Lenders Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and, from and after the occurrence of a Springing Lien Trigger Event, Collateral Agent (in such capacity, the “Collateral Agent”) hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act Truist Bank is hereby appointed as the “collateral agent” under the Loan DocumentsDocumentation Agent hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing hereby authorizes Truist Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 any Group Member. The Syndication Agent and the Issuing Bank for purposes Documentation Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Syndication Agent and the Documentation Agent are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Syndication Agent and the Documentation Agent shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.IX
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (PVH Corp. /De/)
Appointment of Agents. Each GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the terms of the Lenders this Agreement and the Issuing Bank other Loan Documents. Fleet is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms of this Agreement and the other Loan Documents, together . DLJ is hereby appointed Documentation Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Documentation Agent to act as its agent in accordance with such actions the terms of this Agreement and powers the other Loan Documents. Each Lender hereby authorizes and confirms the appointment by Administrative Agent of Fleet as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Intercreditor Agreement and the other Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms of the Intercreditor Agreement and the other Loan Documents. Each Agent hereby agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and Company shall have no rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties under this Agreement, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative date on which Syndication Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction notifies Company that it has concluded its primary syndication of the Administrative Loans and Commitments, all obligations of GSCP, in its capacity as Syndication Agent hereunder, shall terminate. DLJ, in its capacity as Documentation Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshave no obligations hereunder.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Anthony Crane Holdings Capital Corp), Credit Agreement (Anthony Crane Holdings Capital Corp)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AGJPMorgan Chase Bank, Cayman Islands Branch, N.A. to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent (and, if applicable, in the case of any UK Security Documents, as trustee of the Liens constituted thereby) of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Seattle Credit Agreement, Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness, the Refinancing Notes, Seattle Term Loans, the Seattle Revolving Commitments, the Seattle Term Loan Exchange Notes, the Seattle Additional Term Notes, the Seattle Unrestricted Additional Term Notes, Seattle Credit Agreement Refinancing Indebtedness and the Seattle Refinancing Notes. The Administrative Agent and the Collateral Agent shall at all times be the same Person that is the “administrative agent” and the “collateral agent” under the Seattle Credit Agreement. Written notice of resignation by the JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent pursuant to Section 8.06 of the Seattle Credit Agreement shall also constitute notice of resignation as the Administrative Agent and the Collateral Agent under this Agreement; removal of JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent pursuant to Section 8.06 of the Seattle Credit Agreement shall also constitute removal under this Agreement; and appointment of an administrative agent and collateral agent pursuant to Section 8.06 of the Seattle Credit Agreement shall also constitute appointment of a successor Administrative Agent and Collateral Agent under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Micro Focus International PLC), Credit Agreement (Micro Focus International PLC)
Appointment of Agents. Each of Gxxxxxx Sxxxx and DBSI are hereby appointed Syndication Agents and Bookrunners hereunder, and each Lender hereby authorizes Gxxxxxx Sachs and DBSI to act as Syndication Agents and Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. DBNY is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the DBNY to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. DBNY is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes DBNY to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers neither Gxxxxxx Sxxxx nor DBSI, each in its capacity as a Syndication Agent and discretion a Bookrunner, nor DBNY, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Documentation Agent, as “collateral agent” and shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII Syndication Agent, Documentation Agent, Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 2 contracts
Samples: First Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), Second Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)
Appointment of Agents. Each of the Lenders and the Issuing Bank Xxxxxx Xxxxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Credit Documents and each Lender and Issuing Bank, by its acceptance of the benefits of the Collateral and Guarantees under the Credit Documents, each Hedge Bank party to a Secured Hedging Agreement and each Treasury Services Provider party to a Secured Treasury Services Agreement hereby authorizes Xxxxxx Xxxxxxx to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and the other Credit Documents. Each Lender and Issuing Bank, by its acceptance of the benefits of the Administrative Collateral and Guarantees under the Credit Documents, each Hedge Bank party to a Secured Hedging Agreement and each Treasury Services Provider party to a Secured Treasury Services Agreement hereby authorizes any Other Collateral Agent set forth appointed as a Co-Collateral Agent in this Articleaccordance with Section 9.7(c) to act as a Co-Collateral Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The Collateral provisions of this Section 9 are solely for the benefit of the Agents, Lenders and Issuing Banks and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof; provided that the Borrower shall have the consent right expressly referred to in Section 9.7(c). In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under Lenders, the Loan DocumentsIssuing Banks, each Hedge Bank and each Treasury Services Provider, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) does not assume and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall not be deemed to hereby acknowledge and agree) that Collateral Agent may also act as have assumed any obligation towards or relationship of agency or trust with or for the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower or any of its Subsidiaries.
Appears in 1 contract
Appointment of Agents. Each Ally is hereby irrevocably appointed Syndication Agent hereunder, and each Lender hereby irrevocably authorizes, and each holder of any Note by the Lenders acceptance of such Note shall be deemed irrevocably to authorize, the Syndication Agent to act as its agent in accordance with the terms hereof and the Issuing Bank other Credit Documents. RBS is hereby irrevocably appoints Credit Suisse AGappointed Documentation Agent hereunder, Cayman Islands Branchand each Lender hereby irrevocably authorizes, and each holder of any Note by the acceptance of such Note shall be deemed irrevocably to authorize, the Documentation Agent to act on as its behalf as agent in accordance with the terms hereof and the other Credit Documents. DBNY is hereby irrevocably appointed the Administrative Agent hereunder and under the other Credit Documents and each Lender hereby irrevocably authorizes, and each holder of any Note by the acceptance of such Note shall be deemed irrevocably to authorize, the Administrative Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. DBNY also is hereby irrevocably appointed the Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Credit Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank also hereby irrevocably appoints authorizes, and authorizes each holder of any Note by the acceptance of such Note also shall be deemed irrevocably to authorize, the Collateral Agent to act as its agent in accordance with the agent of such Lender terms hereof and the Issuing Bank other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. Except for purposes Section 9.7, the provisions of acquiring, holding this Section 9 are solely for the benefit of the Agents and enforcing the Lenders and no Credit Party shall have any and all Liens on Collateral granted by rights as a third party beneficiary of any of the Loan Parties pursuant provisions thereof. In performing its functions and duties hereunder, 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 the Security Documents to secure Borrower or any of its Subsidiaries. Each of the ObligationsSyndication Agent, together with such powers the Documentation Agent, the Administrative Agent and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction its Affiliates. As of the Administrative Closing Date, Ally, in its capacity as Syndication Agent, and RBS, in its capacity as Documentation Agent, shall not have any obligations hereunder or under any other Credit Document but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Appointment of Agents. Each of Crédit Agricole, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., MUFG Union Bank, N.A. and Sumitomo Mitsui Banking Corporation is hereby appointed as a Co-Syndication Agent, and each Lender and Issuing Bank hereby authorizes each Co-Syndication Agent to act as its agents in accordance with the terms hereof and the other Credit Documents. TD Bank, N.A., Capital One, National Association, CoBank, ACB and Compass Bank are hereby appointed as Co-Documentation Agents, and each Lender and Issuing Bank hereby authorizes the Co-Documentation Agents to act as its agent in accordance with the terms hereof and the other Credit Documents. Each of the Lenders and the Issuing Bank and, by their acceptance of the benefits hereof and the other Credit Documents, the other Secured Parties, hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Bank of America to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and authorizes the Administrative Agent and Collateral Agent Agent, as applicable, to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent Agent, as applicable by the terms of the Loan Documentshereof or thereof, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe provisions of this Section 9 are solely for the benefit of Administrative Agent, Collateral Agent, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints Banks, and authorizes the Collateral Agent to act neither Company nor any other Credit Party shall have rights as the agent a third party beneficiary of any of such Lender provisions. It is understood and agreed that the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any use of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as term “collateral agent” and herein or in any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.other -170- 105376510
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Covanta Holding Corp)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Bank of America to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness Notes and the Refinancing Notes.
Appears in 1 contract
Samples: Credit Agreement (Infor, Inc.)
Appointment of Agents. Each Lender and Risk Participant (and each Secured Affiliate and Cash Management Affiliate, by and through its affiliated Lender or Risk Participant), and each Issuing Bank, hereby designates Bank of America as Administrative Agent and Bank of America - Canada Branch as Canadian Administrative Agent, as herein specified and as specified in the other Financing Documents. Each Lender and Risk Participant (and each Secured Affiliate and Cash Management Affiliate by and through its affiliated Lender or Risk Participant), and each Issuing Bank, hereby irrevocably authorizes each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, respective Agents to act take such action on its behalf as the Administrative Agent and Collateral Agent hereunder and under the provisions of this Agreement, the Notes, and the other Loan Financing Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Administrative Agent and Collateral Agent respective Agents by the terms of the Loan Documents, together with hereof and thereof and such actions and other powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits Bank of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent America agrees to act as Administrative Agent hereunder and Bank of America - Canada Branch agrees to act as Canadian Administrative Agent hereunder, in each case on the agent express terms and conditions contained in this Article 9. Each of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by Agents may perform any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-its duties hereunder by or through its agents, sub-agents and employees or attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documentsfact, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits advice of counsel concerning all matters pertaining to such duties. The provisions of this Article VIII 9 are solely for the benefit of the Agents, the Lenders, the Risk Participants and the Lenders' and Risk Participant's Affiliates. The Borrowers and the other Credit Parties shall have no rights as third party beneficiaries of any of the provisions contained herein. Except as expressly otherwise provided in this Agreement and the other Financing Documents, the Agents shall have and may use their sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions which any of the Agents is entitled to take or assert under this Agreement and the other Financing Documents, including the determination of the applicability of ineligibility criteria with respect to calculation of any portion of the US Borrowing Base or the Canadian Borrowing Base, the making of Agent Advances pursuant to Section 9.03 (as though such co-agents2.28, subagents and attorneys-in-fact were the “collateral agent” exercise of remedies hereunder and under the Loan other Financing Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty Any action so taken or not taken shall be deemed to hereby acknowledge be consented to by the Lenders and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesRisk Participants.
Appears in 1 contract
Appointment of Agents. Each of the Lenders and the Issuing Bank GSCP is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms of hereof and the Loan other Credit Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral GSCP is hereby appointed Syndication Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documentshereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Syndication Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of the Agents and the Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and any duties hereunder, each Agent shall act solely as an agent of such Lender 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 the Issuing Bank for purposes Company or any of acquiringits Subsidiaries. Each Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, neither GSCP, in its capacity as Syndication Agent, nor GSCP, in its capacity as Lead Arranger, shall have any obligations under this Agreement or any other Credit Document, but each of them shall be entitled to all benefits of this Section 9. To the extent required by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionapplicable law, the Collateral AgentAdministrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, as “collateral agent” and or reduction of, withholding Tax ineffective or for any co-agentsother reason, sub-agents and attorneys-in-fact appointed such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent pursuant to Section 8.05 for purposes of holding as Tax or enforcing otherwise, including any Lien on the Collateral penalties or interest, together with all expenses (or any portion thereofincluding legal expenses, allocated internal costs and out-of-pocket expenses) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesincurred.
Appears in 1 contract
Samples: Senior Credit and Guaranty Agreement (Pogo Producing Co)
Appointment of Agents. Each of the Lenders and the Issuing Bank Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents. ABN AMRO, HSBC, KBC and PNC are hereby appointed the Co-Syndication Agents hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes ABN AMRO, HSBC, KBC and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent PNC to act as the Co-Syndication Agents in accordance with the terms hereof and the other Loan Documents. Keybank and Xxxxx are hereby appointed the Co-Documentation Agents hereunder, and each Lender hereby authorizes Keybank and Xxxxx to act as the Co-Documentation Agents in accordance with the terms hereof and the other Loan Documents. Citizens is hereby appointed the Managing Agent hereunder, and each Lender hereby authorizes Citizens to act as the Managing Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 the Borrower or any of its Subsidiaries. The Co- Syndication Agents, each of the Co-Documentation Agents and the Issuing Bank for purposes Managing Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of their respective rights or obligations hereunder to any of the their respective Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Co-Syndication Agents, the Co-Documentation Agents and the Managing Agent are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such 152 shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, Co-Syndication Agents, the Co-Documentation Agents and the Managing Agent shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were none of the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArrangers, the Other Revolving CommitmentsBookrunners, the Term Loan Exchange NotesCo-Syndication Agents, the Additional Term NotesCo- Documentation Agents nor the Managing Agent in their respective capacities as such shall, the Unrestricted Additional Term Notesby reason of this Agreement or any other Loan Document, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshave any fiduciary relationship in respect of any Lender, Loan Party or any other Person.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Covia Holdings Corp)
Appointment of Agents. Each of BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC is hereby appointed a Bookrunner hereunder and each Lender hereby authorizes BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC to act as a Bookrunner in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. RBC is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the RBC to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. Except with respect to Section 9.7, the provisions of this Section 9 are solely for the benefit of Agents, Lenders and 102 Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, an agent of Lenders and each does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Borrower or any of its Subsidiaries. As of the Lenders (including Closing Date, none of BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC, in its their capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiringBookrunners, holding and enforcing shall have any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII any Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Term Loan and Guaranty Agreement (TerraForm Power, Inc.)
Appointment of Agents. Each Lender (and each Secured Affiliate, by and through its affiliated Lender), and each Issuing Bank, hereby designates Bank of America as Administrative Agent and Bank of America - Canada Branch as Canadian Administrative Agent, and Bank of America and General Electric Capital Corporation as the Collateral Agents, as herein specified and as specified in the other Financing Documents. Each Lender (and each Secured Affiliate by and through its affiliated Lender), and each Issuing Bank, hereby irrevocably authorizes each of the Lenders respective Agents and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Collateral Agents to act take such action on its behalf as the Administrative Agent and Collateral Agent hereunder and under the provisions of this Agreement, the Notes, and the other Loan Financing Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Administrative Agent respective Agents and Collateral Agent Agents by the terms of the Loan Documents, together with hereof and thereof and such actions and other powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits Bank of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent America agrees to act as Administrative Agent hereunder and Bank of America — Canada Branch agrees to act as Canadian Administrative Agent hereunder, and Bank of America and General Electric Capital Corporation agree to act as Collateral Agents, in each case on the agent express terms and conditions contained in this Article 9. Each of such Lender the Agents and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by Agents may perform any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-its duties hereunder by or through its agents, sub-agents and employees or attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documentsfact, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits advice of counsel concerning all matters pertaining to such duties. The provisions of this Article VIII 9 are solely for the benefit of the Agents, the Collateral Agents, the Lenders, and the Lenders’ Affiliates. The Borrowers and the other Credit Parties shall have no rights as third party beneficiaries of any of the provisions contained herein. Except as expressly otherwise provided in this Agreement and the other Financing Documents, the Agents and Collateral Agents shall have and may use their sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions which any of the Agents or Collateral Agents is entitled to take or assert under this Agreement and the other Financing Documents, including the determination of the applicability of ineligibility criteria with respect to calculation of any portion of the US Borrowing Base or the Canadian Borrowing Base, the making of Agent Advances pursuant to Section 9.03 (as though such co-agents2.28, subagents and attorneys-in-fact were the “collateral agent” exercise of remedies hereunder and under the Loan other Financing Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty Any action so taken or not taken shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as be consented to by the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLenders.
Appears in 1 contract
Appointment of Agents. Each of the Lenders GSCP is hereby appointed Co-Syndication Agent and the Issuing Bank a Joint Lead Arranger hereunder, and each Lender hereby irrevocably appoints Credit Suisse AGauthorizes GSCP, Cayman Islands Branchin such capacities, to act on as its behalf agent in accordance with the terms hereof and the other Credit Documents. CIBCWM is hereby appointed a Joint Lead Arranger and each Lender authorizes CIBCWM, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. CIBC is hereby appointed Administrative Agent and Collateral Agent Trustee hereunder and under the other Loan Documents Credit Documents, and each Lender hereby authorizes the Administrative Agent and Collateral Agent Trustee to take act in such actions on capacities as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms hereof and the other Credit Documents. DB is hereby appointed Co-Syndication Agent hereunder, and each Lender hereby authorizes DB, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. Fleet is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes Fleet to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof (except as provided in Sections 9.7 and 9.8). In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as an agent of 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 Holding or any of its Subsidiaries. After the “collateral agent” under the Loan DocumentsClosing Date, and each none of the Lenders (including GSCP, in its capacities as Co-Syndication Agent and a Lender Counterparty Joint Lead Arranger, CIBCWM in its capacity as Joint Lead Arranger, or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act DB, in its capacity as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Co-Syndication Agent, as “collateral agent” and shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Houghton Mifflin Co)
Appointment of Agents. Each of Xxxxxxx Xxxxx, Barclays, Citigroup and JPMorgan is hereby appointed a Syndication Agent and Bookrunner hereunder and each Lender hereby authorizes Xxxxxxx Sachs, Barclays and Citigroup to act as Syndication Agents and Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Xxxxxxx Xxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Xxxxxxx Xxxxx to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Santander is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes Santander to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents, Lenders and Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Syndication Agents and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers none of Xxxxxxx Sachs, Barclays and discretion Citigroup, in their capacities as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” Syndication Agents and Bookrunners shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of this Section 9. As of the Closing Date, Santander, in its capacity as Documentation Agent, shall have no obligations but shall be entitled to all provisions benefits of this Article VIII Section 9. Each of any Syndication Agent, Documentation Agent, any Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement
Appointment of Agents. Each of Citibank GM is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Citibank GM to act as Syndication Agent in accordance with the Lenders terms hereof and the Issuing Bank other Loan Documents. Citibank NA is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Citibank NA to act as Administrative Agent in accordance with the terms hereof and the other Loan Documents. Xxxxx Fargo is hereby appointed Collateral Agent hereunder, and each Lender hereby authorizes Xxxxx Fargo to take act as Collateral Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such actions on upon the express conditions contained herein and the other Loan Documents, as applicable. Except as expressly provided herein (including in the proviso in the first sentence of Section 8.07(a)), the provisions of this Article 8 are solely for the benefit of the Agents and the Lenders and no Borrower Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its behalf functions and duties hereunder, each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to exercise have assumed any obligation towards or relationship of agency or trust with or for any Borrower Party. The Syndication Agent, without the consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Effective Date, Citibank GM, in its capacity as Syndication Agent, shall not have any duties or obligations under this Agreement or any of the other Loan Documents but shall be entitled to all benefits of this Article 8. The Syndication Agent may resign from such powers as are delegated role at any time, with immediate effect, by giving prior written notice thereof to the Administrative Agent and Collateral Agent by the terms Borrower. Anything herein to the contrary notwithstanding, none of the Joint Lead Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, together with such actions and powers except in its capacity, as are reasonably incidental thereto. Unless otherwise specifically set forth hereinapplicable, the Collateral Agent shall have all the rights and benefits of as the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as or a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshereunder.
Appears in 1 contract
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG(a) Xxxxxx Xxxxxxx Senior Funding, Cayman Islands Branch, Inc. to act on its behalf as the Tranche B Term Loan Administrative Agent hereunder and under the other Loan Documents and (b) JPMorgan Chase Bank, N.A. to act on its behalf as the Tranche A Term Loan Administrative Agent, the Revolving Facility Administrative Agent and Collateral Agent hereunder and under the other Loan Documents Documents, and authorizes the each Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent Agents and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent Agents set forth in this Article. 179 The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent Agents pursuant to Section Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative AgentAgents, shall be entitled to the benefits of all provisions of this Article Article VIII and Section Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.
Appears in 1 contract
Appointment of Agents. Each of GSCP and UBSW is hereby appointed a Joint Lead Arranger hereunder. GSCP is hereby appointed Syndication Agent hereunder. Each Lender hereby authorizes each Joint Lead Arranger and Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. General Electric Capital Corporation ("GECC") is hereby irrevocably appoints Credit Suisse AGappointed Documentation Agent hereunder, Cayman Islands Branch, and each Lender hereby authorizes Documentation Agent to act on as its behalf agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as the applicable. UBS is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes Administrative Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. GECC is hereby appointed Collateral Monitoring Agent hereunder, and each Lender hereby authorizes Collateral Monitoring Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Without limiting the generality of UBS' appointment as Administrative Agent, each Lender and each Agent (other than Administrative Agent) hereby directs Administrative Agent to execute and deliver the Intercreditor Agreement on its behalf and agrees that it shall be bound by and subject to the terms of the Intercreditor Agreement and, without limitation, expressly authorizes the Administrative Agent to appoint the "Joint Collateral Agent" and any successor thereof (as such term is defined in the Intercreditor Agreement, and herein the "JOINT COLLATERAL AGENT") pursuant to such Intercreditor Agreement and upon the terms thereof and each Lender hereby conforms and ratifies the appointment of GMAC as Joint Collateral Agent and each Lender hereby authorizes Joint Collateral Agent to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 (except Section 9.9 and 9.10) are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, an agent of Lenders and each does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any of its Subsidiaries. Each of the Lenders (including Joint Lead Arrangers, Syndication Agent and Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, neither GSCP, in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act Joint Lead Arranger, nor UBSW, in its capacity as the agent of such Lender and the Issuing Bank for purposes of acquiringa Joint Lead Arranger, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligationsnor GECC, together with such powers and discretion in its capacity as are reasonably incidental thereto. In this connection, the Collateral Documentation Agent, as “collateral agent” and shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Mariner Health Care Inc)
Appointment of Agents. Each of the Lenders and the Issuing Deutsche Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Deutsche Bank to act as Administrative Agent in accordance with the terms hereof and the other Credit Documents. Deutsche Bank is hereby appointed Calculation Agent hereunder and under the other Credit Documents and each Lender hereby authorizes Deutsche Bank to act as Calculation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 8 are solely for the benefit of the Agents and the Lenders, and the Borrower shall have no rights as a third party beneficiary of any of the provisions thereof, except as set forth in Sections 8.7 and 8.8(b). In performing its functions and duties hereunder, 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 the Parent or any of its Subsidiaries (including the Borrower). For so long as such Applicable Lender controls an Eligible Collateral Brokerage Account, each of the Lenders and each Agent hereby irrevocably appoints each Applicable Lender as its agent to act on its behalf for purposes of Section 7.2 and the Security Agreement and authorizes each Applicable Lender to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent contemplated by the terms of the Loan Documentshereof or thereof, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinIn performing its functions and duties hereunder, the Collateral Agent each Applicable Lender shall have all the rights and benefits act solely as an agent of the Administrative Agent set forth in this Articleother Lenders and Agents and does not assume and shall not be deemed to have assumed any obligation towards or fiduciary relationship or trust with or for Borrower or Parent. The Collateral Agent shall act as provisions of this Section 8.1 are solely for the “collateral agent” under the Loan Documents, and each benefit of the Lenders (including in its capacities and Agents and neither Borrower nor Parent shall have rights as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent third party beneficiary of any such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesprovision.
Appears in 1 contract
Appointment of Agents. Each of GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. CIT is hereby irrevocably appoints appointed Administrative Agent hereunder and under the other Credit Suisse AG, Cayman Islands Branch, Documents and each Lender hereby authorizes Administrative Agent to act on as its behalf as agent in accordance with the Administrative Agent terms hereof and the other Credit Documents. CIT is hereby appointed Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Credit Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. LaSalle Bank National Association and Antares Capital Corporation are each hereby appointed Co-Documentation Agents hereunder, and each Lender hereby authorizes Co-Documentation Agents to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does 115 not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent, holding Co-Documentation Agent and enforcing Collateral Agent, without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion none of GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, nor LaSalle Bank National Association or Antares Capital Corporation, in their capacities as “collateral agent” and Co-Documentation Agents, shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Appointment of Agents. Each In order to expedite the transactions contemplated by this Agreement, Xxxxxxx Xxxxx Xxxxxx Inc. is hereby appointed to act as Arranger, Citibank, N.A., is hereby appointed to act as Administrative Agent, Collateral Agent on behalf of the Lenders and the Issuing Bank, Bankers Trust Company is hereby appointed to act as Syndication Agent and Wachovia Bank, N.A., is hereby appointed to act as Documentation Agent (for purposes of this Article VIII, the Arranger, the Collateral Agent, the Administrative Agent, the Syndication Agent and the Documentation Agent are referred to collectively as the "AGENTS"). Each of the Lenders, each assignee of any such Lender and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent Agents to take such actions on its behalf of such Lender or assignee or the Issuing Bank and to exercise such powers as are specifically delegated to the Administrative Agent and Collateral Agent Agents by the terms and provisions hereof and of the Loan other Credit Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe Administrative Agent is hereby expressly authorized by the Lenders and the Issuing Bank, the Collateral Agent shall have all the rights and benefits without hereby limiting any implied authority, (a) to receive on behalf of the Administrative Agent set forth Lenders, any assignees of the Lenders and the Issuing Bank all payments of principal of and interest on the Loans, all payments in this Article. The Collateral Agent shall act as respect of L/C Disbursements and all other amounts due to the “collateral agent” under the Loan DocumentsLenders hereunder, and promptly to distribute to each Lender, each assignee of any such Lender or the Issuing Bank its proper share of each payment so received; (b) to give notice on behalf of each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints to the Borrower of any Event of Default specified in this Agreement of which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and authorizes (c) to distribute to each Lender copies of all notices, financial statements and other materials delivered by the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties Borrower pursuant to this Agreement or the Security other Credit Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed received by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction Agent. It is expressly understood that none of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArranger, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness Syndication Agent and the Refinancing NotesDocumentation Agent shall have any duties or responsibilities under this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Cross Country Inc)
Appointment of Agents. Each of GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Fleet is hereby irrevocably appoints Credit Suisse AGappointed Documentation Agent hereunder, Cayman Islands Branch, and each Lender hereby authorizes Fleet to act on as its behalf agent in accordance with the terms hereof and the other Credit Documents. Fleet hereby resigns as the Administrative Agent and Collateral Agent under the Existing Credit Agreements and each Credit Party and each Lender hereby consents to and approves such resignation and the appointment of GECC as successor Administrative Agent (for purposes of this Section 9, the terms "Administrative Agent" and "Agent" shall also include GECC in its capacity as Collateral Agent pursuant to the Collateral Documents) hereunder and under the other Loan Documents and Credit Documents. Each Lender hereby authorizes the Administrative Agent to act as its agent in accordance with the terms hereof and Collateral Agent the other Credit Documents. All parties hereto agree that in accordance with the provisions of Section 9.5 of the Existing Revolving Credit Agreement and Section 8.5 of the Existing AXEL Credit Agreement, GECC shall hereupon succeed to take such actions on its behalf and to exercise such powers as are delegated become vested with (and Fleet hereby assigns to the extent necessary) all the rights, powers, privileges and duties of Administrative Agent under each Collateral Document, Landlord Personal Property Collateral Access Agreement or otherwise and Fleet agrees to (i) transfer to GECC as successor Administrative Agent all sums, Capital Stock, Securities and other items of Collateral Agent by held under the terms of the Loan Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of GECC as successor Administrative Agent under the Credit Documents, and (ii) execute and deliver to GECC as successor Administrative Agent such actions amendments to financing statements, and powers take such other actions, as are reasonably incidental thereto. Unless otherwise specifically set forth herein, may be necessary or appropriate in connection with the assignment to GECC as successor Administrative Agent of the security interests created under the Collateral Documents, whereupon Fleet as the retiring Administrative Agent shall be discharged from its duties and obligations (in its capacity as Administrative Agent only) under the Existing Credit Agreements or any other Credit Document or hereunder. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in this Articleprovisions thereof. The Collateral In performing its functions and duties hereunder, each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Company or any of acquiringits Subsidiaries. Each of Syndication Agent and Fleet, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion neither GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, nor Fleet, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)
Appointment of Agents. Each GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the terms of the Lenders this Agreement and the Issuing Bank other Loan Documents. JPMCB is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms of this Agreement and the other Loan Documents, together with such actions . Wachovia and powers as Fleet are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights hereby appointed Co-Documentation Agents hereunder and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, and each Lender hereby authorizes the Co-Documentation Agents to act as its agent in accordance with the terms of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) this Agreement and the Issuing Bank other Loan Documents. Each Lender hereby irrevocably appoints authorizes and confirms the appointment by Administrative Agent of JPMCB as Collateral Agent under the Intercreditor Agreement and each Lender hereby authorizes the Collateral Agent to act as its agent in accordance with the terms of the Intercreditor Agreement and the other Loan Documents. Each Agent hereby agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and Company shall have no rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties under this Agreement, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative date on which Syndication Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction notifies Company that it has concluded its primary syndication of the Administrative AgentLoans and Commitments, all obligations of GSCP, in its capacity as Syndication Agent hereunder, shall be entitled to the benefits of all provisions of this Article VIII terminate. Fleet and Section 9.03 (Wachovia, in their capacity as though such coCo-agentsDocumentation Agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshave no obligations hereunder.
Appears in 1 contract
Samples: Credit Agreement (Sealy Corp)
Appointment of Agents. Each of Crédit Agricole, JPMorgan Chase Bank, N.A., Citizens Bank, N.A. and MUFG Union Bank, N.A., is hereby appointed as a Co-Syndication Agent, and each Lender and Issuing Bank hereby authorizes each Co-Syndication Agent to act as its agents in accordance with the terms hereof and the other Credit Documents. Each of TD Bank, N.A., Sumitomo Mitsui Banking Corporation and Compass Bank is hereby appointed as a Co-Documentation Agent, and each Lender and Issuing Bank hereby authorizes each Co-Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each of the Lenders and the Issuing Bank and, by their acceptance of the benefits hereof and the other Credit Documents, the other Secured Parties, hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Bank of America to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and authorizes the Administrative Agent and Collateral Agent Agent, as applicable, to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent Agent, as applicable by the terms of the Loan Documentshereof or thereof, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe provisions of this Section 9 are solely for the benefit of Administrative Agent, Collateral Agent, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints Banks, and authorizes the Collateral Agent to act neither Company nor any other Credit Party shall have rights as the agent a third party beneficiary of any of such Lender provisions. It is understood and agreed that the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any use of the Loan Parties pursuant term “agent” herein or in any other Credit Documents (or any other similar term) with reference to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent or Collateral Agent, as “collateral agent” and applicable, is not intended to connote any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding fiduciary or enforcing any Lien on the Collateral other implied (or express) obligations arising under agency doctrine of any portion thereof) granted under the Security Documentsapplicable law. Instead such term is used as a matter of market custom, and is intended to create or for exercising reflect only an administrative relationship between contracting parties. Each Co-Syndication Agent and Co-Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights and remedies thereunder at the direction or obligations hereunder to any of its Affiliates. As of the Administrative Amendment and Restatement Effective Date, each of Crédit Agricole, JPMorgan Chase Bank, N.A., Citizens Bank, N.A. and MUFG Union Bank, N.A., in its capacity as Co-Syndication Agent and each of TD Bank, N.A., Sumitomo Mitsui Banking Corporation and Compass Bank, in its capacity as Co-Documentation Agent, shall not have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Covanta Holding Corp)
Appointment of Agents. Each of Citi and MLPFS are hereby appointed as Syndication Agents hereunder, and each Lender hereby authorizes Citi and MLPFS to act as the Lenders Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and and, during any Springing Lien Period, Collateral Agent (in such capacity, the “Collateral Agent”) hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. JPMorgan is hereby appointed as the Documentation Agent hereunder, together with such actions Royal Bank, MUFG Bank, Ltd., U.S. Bank National Association and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinXxxxx Fargo Bank, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan DocumentsNational Association, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes JPMorgan, Royal Bank, MUFG Bank, Ltd., U.S. Bank National Association and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent Xxxxx Fargo Bank, National Association to act as the Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender the Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes any Group Member. Each Syndication Agent and Documentation Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Syndication Agents and the Documentation Agents are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Syndication Agents and the Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Samples: Credit Agreement (PVH Corp. /De/)
Appointment of Agents. Each of Lender (and each Secured Affiliate and Cash Management Affiliate, by and through its affiliated Lender) and each Issuing Bank hereby designates The CIT Group/Business Credit, Inc. as Administrative Agent, and CIT Business Credit Canada Inc., as Canadian Administrative Agent, as herein specified and as specified in the Lenders other Financing Documents. Each Lender (and the each Secured Affiliate and Cash Management Affiliate by and through its affiliated Lender) and each Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as authorizes each of the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Canadian Administrative Agent and Collateral Agent to take such actions action on its behalf under the provisions of this Agreement, the Notes, and the other Financing Documents and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Administrative Agent and Collateral the Canadian Administrative Agent by the terms of the Loan Documents, together with hereof and thereof and such actions and other powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe CIT Group/Business Credit, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent Inc. agrees to act as Administrative Agent hereunder, and CIT Business Credit Canada Inc. agrees to act as Canadian Administrative Agent, in each case on the agent express terms and conditions contained in this Article 9. Each of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by Agents may perform any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-its duties hereunder by or through its agents, sub-agents and employees or attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documentsfact, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits advice of counsel concerning all matters pertaining to such duties. The provisions of this Article VIII 9 are solely for the benefit of the Agents, and the Lenders, the Lender's Affiliates, the Borrowers and the other Credit Parties shall have no rights as third party beneficiaries of any of the provisions contained herein. Except as expressly otherwise provided in this Agreement and the other Financing Documents, the Administrative Agents shall have and may use their sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions which either of the Agents is entitled to take or assert under this Agreement and the other Financing Documents, including (a) the determination of the applicability of ineligibility criteria with respect to calculation of any portion of the US Borrowing Base or the Canadian Borrowing Base, (b) the making of Agent Advances pursuant to Section 9.03 2.28, and (as though such co-agents, subagents c) the exercise of remedies hereunder and attorneys-in-fact were the “collateral agent” under the Loan other Financing Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty Any action so taken or not taken shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as be consented to by the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLenders.
Appears in 1 contract
Appointment of Agents. Each of GSCP and Wachovia Securities are hereby appointed Joint Lead Arrangers and Joint Bookrunners, hereunder, and each Lender hereby authorizes, each such Joint Lead Arranger and Joint Bookrunner to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. WBNA is hereby irrevocably appoints Credit Suisse AGappointed Syndication Agent hereunder, Cayman Islands Branch, and each Lender hereby authorizes Syndication Agent to act on as its behalf as agent in accordance with the terms hereof and the other Credit Documents. GSCP is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each of UBSS, Antares and GMAC is hereby appointed a Co-Documentation Agent hereunder, and each Lender hereby authorizes each such Co-Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent and each Co-Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers neither GSCP in its capacity as a Joint Lead Arranger and discretion Joint Bookrunner, Wachovia, in its capacity as are reasonably incidental thereto. In this connectiona Joint Lead Arranger and Joint Bookrunner, the Collateral WBNA, in its capacity as Syndication Agent, Antares, in its capacity as “collateral agent” and any coa Co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, GMAC, in its capacity as a Co-Documentation Agent nor UBSS, in its capacity as a Co-Documentation Agent shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Bell Powersports, Inc.)
Appointment of Agents. Each of GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. GSCP and CGMI are hereby irrevocably appoints Credit Suisse AGappointed Joint Lead Arrangers hereunder, Cayman Islands Branch, and each Lender hereby authorizes Joint Lead Arrangers to act on as its behalf as agents in accordance with the terms hereof and the other Credit Documents. Citicorp is hereby appointed General Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the General Administrative Agent and Collateral Agent to take such act as its agent in accordance with the terms hereof and the other Credit Documents (including through powers of attorney with respect actions on its behalf and to exercise such powers as are delegated to the in foreign jurisdictions) . Citi International is hereby appointed European Administrative Agent hereunder and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, other Credit Documents and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral European Administrative Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each of Bank One, ING and NCB is hereby appointed a Documentation Agent hereunder, and each Lender hereby authorizes each Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent and each Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion neither GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Joint Lead Arranger or Syndication Agent, nor CGMI, in its capacity as “collateral agent” and any co-agentsJoint Lead Arranger nor Bank One, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding ING or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security DocumentsNCB, or for exercising any rights and remedies thereunder at the direction of the Administrative in their respective 122 capacities as a Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Autocam International LTD)
Appointment of Agents. Each of (a) On or prior to the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AGFirst Restatement Effective Date, Cayman Islands Branch, to act on its behalf as (1) GSCP was appointed the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and authorizes each Lender hereby authorized GSCP to act as the Administrative Agent and Collateral Agent in accordance with the terms hereof and the other Credit Documents, (2) GSCP was appointed Syndication Agent under the 2007 Credit Agreement, and each Lender authorized GSCP to take act as Syndication Agent in accordance with the terms thereof and the other Credit Documents, (3) CUSA was appointed Documentation Agent under the 2007 Credit Agreement, and each Lender authorized CUSA to act as Documentation Agent in accordance with the terms thereof and the other Credit Documents. As of the Second Restatement Effective Date, JPM was appointed Syndication Agent and Documentation Agent hereunder, and each Lender authorized JPM to act as Syndication Agent and Documentation Agent in accordance with the terms hereof and the of the Second Amendment and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such actions on upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its behalf functions and duties hereunder, each Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to exercise such powers have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. Each of Syndication Agent and Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates (other than Private Equity Affiliates (as are delegated to defined in the Commitment Letter)). As of the Second Restatement Effective Date, (x) neither JPM, in its capacity as Syndication Agent, nor JPM , in its capacity as Documentation Agent, and (y) no Agent under the 2007 Credit Agreement (other than the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Agent) shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Solera Holdings, Inc)
Appointment of Agents. Each of Barclays Capital and JPMorgan are hereby appointed Co-Syndication Agents hereunder, and each Lender hereby authorizes Barclays Capital and JPMorgan to act as the Lenders Co-Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Wxxxx Fargo is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent Wxxxx Fargo to act as the agent of such Lender Administrative Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Citi is hereby appointed the Documentation Agent hereunder, and each Lender hereby authorizes Citi to act as the Documentation Agent in accordance with the terms hereof and the other Loan Documents. Wilmington Trust FSB is hereby appointed Collateral Trustee hereunder, and each Lender hereby authorizes Collateral Trustee to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein including Section 9.08) are solely for purposes the benefit of acquiring, holding the Agents and enforcing the Lenders and no Loan Party shall have any and all Liens on Collateral granted by rights as a third party beneficiary of any of the Loan Parties pursuant provisions of this Article IX (other than as expressly provided herein including Section 9.08). In performing its functions and duties hereunder, 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 the Security Documents to secure Borrower or any of its Subsidiaries. Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentCo-Syndication Agents and the Documentation Agent are named as such for recognition purposes only, and in their respective capacities as “collateral agent” and any co-agentssuch shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Co-Syndication Agents and the Documentation Agent shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were none of the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArrangers, the Other Revolving CommitmentsCo-Syndication Agents or the Documentation Agent in their respective capacities as such shall, the Term by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (GXS Investments, Inc.)
Appointment of Agents. Each of the Lenders Lender, each Issuer and the Issuing Bank Swing Loan Lender hereby irrevocably appoints Credit Suisse AGdesignates PNC Bank, Cayman Islands BranchNational Association, to act on its behalf as the Administrative Agent and Collateral Agent hereunder for such Lender, Issuer and Swing Loan Lender under this Agreement and the other Credit Documents. Each Lender, each Issuer and the Swing Loan Documents and Lender hereby irrevocably authorizes the Administrative Agent and Collateral each Agent to take such actions action on its behalf under the provisions of this Agreement and the other Credit Documents and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to the Administrative Agent and Collateral or required of such Agent by the terms of the Loan Documents, together with hereof and thereof and such actions and other powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral thereto and each Agent shall have hold all Collateral, payments of principal and interest, fees (except the rights and benefits of the Administrative Agent fees set forth in Section 2.7(b), charges and collections received pursuant to this ArticleAgreement, for the ratable benefit of the Lenders, the Issuers and the Swing Loan Lender to the extent entitled thereto. The Collateral Each Agent may perform any of its duties hereunder by or through its agents or employees. As to any matters not expressly provided for by this Agreement (including collection of the Notes), no Agent shall be required to exercise any discretion or take any action, but shall be required to act as or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the “collateral agent” under instructions of the Loan DocumentsRequisite Lenders, and each such instructions shall be binding; provided, however, that no Agent shall be required to take any action which, in such Agent’s discretion, exposes such Agent to liability or which is contrary to this Agreement or the other Credit Documents or Requirement of Law unless such Agent is furnished with an indemnification reasonably satisfactory to such Agent with respect thereto. As of the Lenders (including Closing Date, Jefferies Finance LLC, in its capacities capacity as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiringLead Arranger, holding and enforcing shall not have any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations hereunder but shall be entitled to the all benefits of this Section 9, and Credit Suisse Securities (USA) LLC, in its capacity as a Lead Arranger and Documentation Agent, shall not have any obligations hereunder but shall be entitled to all provisions benefits of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Revolving Credit and Guaranty Agreement (Xerium Technologies Inc)
Appointment of Agents. Each of DBSI is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes DBSI to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Loan Documents. Each of BAS, CS Securities and RBC is hereby appointed a Co-Documentation Agent hereunder, and each Lender hereby authorizes each of BAS, CS Securities and RBC to act as a Co-Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under 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 any Group Member. Each of the Loan DocumentsSyndication Agent and each Co-Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Each of the Syndication Agent and each Co-Documentation Agent shall be released from the restrictions of Section 181 German Civil Code (BGB - Bürgerliches Gesetzbuch), and similar restrictions under any other applicable law, and shall be authorized to delegate this power of attorney, including the release from such restrictions. Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each of the Lenders (including Arrangers, the Bookrunners, the Syndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in its their respective capacities as a Lender Counterparty such shall have no duties, responsibilities or potential Lender Counterparty) liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Arrangers, the Bookrunners, the Syndication Agent and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Co-Documentation Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)
Appointment of Agents. Each of the Lenders and the Issuing Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Barclays Bank to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the Loan other Credit Documents. Xxxxxx Xxxxxxx Senior Funding, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, Inc. is hereby appointed the Collateral Syndication Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documentshereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent Xxxxxx Xxxxxxx Senior Funding, Inc. to act as the Syndication Agent in accordance with the terms hereof and the other Credit Documents. UBS Securities LLC is hereby appointed the Documentation Agent hereunder, and each Lender hereby authorizes UBS Securities LLC to act as the Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions of this Section 9 (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 Parent Entity or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Documentation Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Credit Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral Syndication Agent, the Documentation Agent and the Joint Bookrunners are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Credit Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative Joint Lead Arrangers, the Syndication Agent, the Documentation Agent and the Joint Bookrunners shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Credit Documents and all of the other benefits of all provisions this Section 9. Without limitation of the foregoing, neither the Joint Lead Arrangers, the Syndication Agent, the Documentation Agent nor the Joint Bookrunners in their respective capacities as such shall, by reason of this Article VIII Agreement or any other Credit Document, have any fiduciary relationship in respect of any Lender, Credit Party or any other Person. Each Lender hereby acknowledges that it has not relied, and Section 9.03 (as though such co-agentswill not rely, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth on Syndication Agent, Documentation Agent or any Joint Lead Arranger in full herein with respect thereto. The Lenders acknowledge and agree (deciding to enter into this Agreement and each Lender Counterparty shall be deemed other Credit Document to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.which it is a party or in taking or not taking action hereunder or thereunder
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Aurora Diagnostics Holdings LLC)
Appointment of Agents. Each of Xxxxx Fargo Bank, National Association is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes Xxxxx Fargo Bank, National Association to act as the Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Barclays to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. Citibank N.A., together with such actions Regions Bank, SunTrust Bank and powers as U.S. Bank National Association are reasonably incidental thereto. Unless otherwise specifically set forth herein, hereby appointed the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan DocumentsDocumentation Agents hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes Citibank N.A., Regions Bank, SunTrust Bank and the Issuing U.S. Bank hereby irrevocably appoints and authorizes the Collateral Agent National Association to act as the Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Section 14 (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Section 14 (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 the Company or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral Syndication Agent, the Documentation Agents and the Joint Bookrunners are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative Joint Lead Arrangers, the Syndication Agent, the Documentation Agents and the Joint Bookrunners shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions this Section 14. Without limitation of the foregoing, neither the Joint Lead Arrangers, the Syndication Agent, the Documentation Agents nor the Joint Bookrunners in their respective capacities as such shall, by reason of this Article VIII and Section 9.03 (as though such co-agentsAgreement or any other Loan Document, subagents and attorneys-in-fact were the “collateral agent” under the have any fiduciary relationship in respect of any Lender, Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesParty or any other Person.
Appears in 1 contract
Samples: Credit Agreement (Centene Corp)
Appointment of Agents. Each Subject to the terms and conditions of this Agreement, the Primary Parties hereby appoint (i) Stifel to consult with, advise and assist the Primary Parties in connection with the sale of the Lenders Offer Shares in the Offering, (ii) Stifel as sole book running manager and Sterne Agee as co-manager for the purpose of soliciting or receiving purchase orders for Offer Shares in connection with the sale of the Offer Shares in the Syndicated Community Offering, if applicable, and (iii) Stifel as the managing underwriter and Sterne Agee as the co-manager in the Public Offering, if applicable. On the basis of the representations and warranties of the Primary Parties contained in, and subject to the terms and conditions of this Agreement, Stifel accepts such appointment and agrees to use its best efforts to assist the Primary Parties with the solicitation of subscriptions and purchase orders for the Offer Shares and agrees to consult with and advise the Primary Parties as to the matters set forth in Section 3 of the letter agreement, dated November 16, 2012, among the MHC, the Mid-Tier Holding Company and Stifel (the “Letter Agreement”) (a copy of which is attached hereto as Exhibit B), including the coordination of the Syndicated Community Offering or Public Offering, and to solicit offers to purchase Offer Shares in the Syndicated Community Offering or Public Offering. It is acknowledged by the Primary Parties that the Agents (i) shall not be obligated to purchase any Offer Shares, except as provided in the Underwriting Agreement, if applicable and (ii) shall not be obligated to take any action which is inconsistent with any applicable law, regulation, decision or order. Except as set forth in Section 13 hereof, the appointment of the Agents to provide services hereunder shall terminate upon consummation of the Offering. If selected broker-dealers in addition to Stifel and Sterne Agee are used to assist in the sale of Offer Shares in the Syndicated Community Offering, the Primary Parties hereby, subject to the terms and conditions of this Agreement, appoint Stifel as sole book running manager of the Syndicated Community Offering, and Sterne Agee as co-manager. On the basis of the representations and warranties of the Primary Parties contained in, and subject to the terms and conditions of this Agreement, the Representative accepts such appointments and agrees to manage the selling group of broker-dealers in the Syndicated Community Offering. If undertaken, the Syndicated Community Offering will be conducted in accordance with certain Commission rules applicable to best efforts offerings. If Offer Shares are offered to the general public in the Public Offering, in lieu of the Syndicated Community Offering, at the request of the Holding Company, Stifel may enter into an underwriting agreement with the Holding Company (the “Underwriting Agreement”) (the form of which is attached hereto as Exhibit E) for the Public Offering in a form to be agreed upon by the Holding Company and Stifel. Stifel will serve as managing underwriter of the Public Offering and Sterne Agee will serve as co-manager. Stifel will endeavor to distribute the Offer Shares among the selected underwriters, if any, in a fashion which best meets the distribution objectives of the Holding Company and the Issuing Bank hereby irrevocably appoints Credit Suisse AGrequirements of the Plan, Cayman Islands Branch, which may result in limiting the allocation of stock to act on its behalf as certain selected underwriters. It is understood that in no event shall Stifel be obligated to enter into the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent Underwriting Agreement or to take such actions on its behalf and to exercise such powers as are delegated or purchase Offer Shares except pursuant to the Administrative Agent Underwriting Agreement. The Underwriting Agreement will not be entered into by Stifel and Collateral Agent by the Primary Parties until immediately prior to the completion of the Public Offering and the filing of a post-effective amendment to the Registration Statement with the Commission which reflects the terms of the Loan DocumentsPublic Offering, together and which post-effective amendment shall comply with such actions all applicable 1933 Act Regulations. At that time, Stifel as Representative will represent that they have received sufficient indications of interest to complete the transaction. Pursuant to the terms of the Underwriting Agreement and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinsubject to certain customary provisions and conditions to closing, upon the Collateral Agent shall have execution of the Underwriting Agreement, Stifel and any other underwriters will be obligated to purchase all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant shares subject to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesPublic Offering.
Appears in 1 contract
Appointment of Agents. Each of Xxxxxxx Xxxxx is hereby appointed Syndication Agent and Bookrunner hereunder, and each Lender hereby authorizes Xxxxxxx Sachs to act as Syndication Agent and Bookrunner in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. HSBC USA is hereby irrevocably appoints appointed Term Administrative Agent hereunder and under the other Credit Suisse AG, Cayman Islands Branch, Documents and each Term Loan Lender hereby authorizes HSBC USA to act on its behalf as the Term Administrative Agent in accordance with the terms hereof and the other Credit Documents. HSBC USA is hereby appointed Primary Collateral Agent hereunder and under the other Loan Credit Documents (other than the Collateral Documents governed by the laws of Hungary) and each Lender hereby authorizes HSBC USA to act as Primary Collateral Agent in accordance with the terms hereof and such other Credit Documents. HSBC PLC is hereby appointed Hungarian Collateral Agent hereunder and under the other Credit Documents governed by the laws of Hungary and each Lender hereby authorizes HSBC PLC to act as Hungarian Collateral Agent in accordance with the terms hereof and such other Credit Documents. HBAP is hereby appointed Revolving Facility Administrative Agent hereunder and under the other Credit Documents and each Revolving Lender hereby authorizes the HBAP to act as Revolving Facility Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third-party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documentsan agent of 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 Parent or any of its Subsidiaries. Each of Syndication Agent, Bookrunner, and each any Agent described in clause (vi) of the Lenders (including in its capacities as a Lender Counterparty definition thereof, without consent of or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent notice to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and no Syndication Agent or Bookrunner shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII Syndication Agent, Bookrunner, and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Nord Anglia Education, Inc.)
Appointment of Agents. Each of MLPFS and CGMI are hereby appointed as a Co-Syndication Agent hereunder, and each Lender hereby authorizes MLPFS and CGMI to act as the Lenders Co-Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and the Collateral Agent hereunder and NY\6180200.13 under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and benefits of the Administrative Agent set forth in this Articleother Loan Documents. The Collateral Agent shall act Royal Bank is hereby appointed as the “collateral agent” under the Loan DocumentsDocumentation Agent hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing hereby authorizes Royal Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 any Group Member. Each Syndication Agent and the Issuing Bank for purposes Documentation Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Co-Syndication Agents and the Documentation Agent are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Co-Syndication Agents and the Documentation Agent shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Appointment of Agents. Each of Xxxxxxx Xxxxx is hereby appointed Syndication Agent and Bookrunner hereunder, and each Lender hereby authorizes Xxxxxxx Sachs to act as Syndication Agent and Bookrunner in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. HSBC USA is hereby irrevocably appoints appointed Term Administrative Agent hereunder and under the other Credit Suisse AG, Cayman Islands Branch, Documents and each Term Loan Lender hereby authorizes HSBC USA to act on its behalf as the Term Administrative Agent in accordance with the terms hereof and the other Credit Documents. HSBC USA is hereby appointed Primary Collateral Agent hereunder and under the other Loan Credit Documents (other than the Collateral Documents governed by the laws of Hungary) and each Lender hereby authorizes HSBC USA to act as Primary Collateral Agent in accordance with the terms hereof and such other Credit Documents. HSBC PLC is hereby appointed Hungarian Collateral Agent hereunder and under the other Credit Documents governed by the laws of Hungary and each Lender hereby authorizes HSBC PLC to act as Hungarian Collateral Agent in accordance with the terms hereof and such other Credit Documents. HBAP is hereby appointed Revolving Facility Administrative Agent hereunder and under the other Credit Documents and each Revolving Lender hereby authorizes the HBAP to act as Revolving Facility Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third-party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documentsan agent of Lenders and does not assume and shall not be deemed to have assumed any 174 obligation towards or relationship of agency or trust with or for Parent or any of its Subsidiaries. Each of Syndication Agent, Bookrunner, and each any Agent described in clause (vi) of the Lenders (including in its capacities as a Lender Counterparty definition thereof, without consent of or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent notice to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and no Syndication Agent or Bookrunner shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII Syndication Agent, Bookrunner, and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Nord Anglia Education, Inc.)
Appointment of Agents. Each (a) The Collateral Agent may perform its duties and exercise its rights and powers under this Agreement by or through such agents and custodians as it shall appoint, provided that the Collateral Agent shall not appoint any agent or custodian which fails to meet the requirements of an Eligible Agent (as defined below), without the consent of the Lenders Grantor and the Issuing Bank Required Lenders, which consent shall not be unreasonably withheld. The Grantor and each Lender hereby irrevocably appoints Credit Suisse AGconsent to the appointment by the Collateral Agent of DTC, Cayman Islands BranchPTC, and First Chicago and its affiliates (including First Chicago Trust Company) as its agents and custodians with respect to act on its behalf the Securities Collateral Account. As a condition to appointing any other agent or custodian, if such entity is located outside the State of New York, Illinois or New Jersey, the Collateral Agent, at the expense of the Grantor, shall obtain an opinion of counsel, in form and substance reasonably satisfactory to the Collateral Agent, as to the Administrative continued perfection of the security interests in the Collateral in favor of the Collateral Agent for the benefit of the Lenders. For purposes hereof, the term "Eligible Agent" shall mean an entity (i) legally qualified to perform the duties delegated to it by the Collateral Agent and (ii) whose regular business includes the performance of duties similar to those delegated to it by the Collateral Agent. (b)In the event that the Collateral Agent hereunder appoints an agent pursuant to this Section, each and under every remedy, power, right, claim, demand, cause of action, estate, title, interest and Lien expressed or intended by this Agreement to be exercised by or vested in or conveyed to the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take with respect thereto shall be exercisable by and vest in such actions on its behalf and agent, but only in order to exercise such powers as are delegated powers, rights and remedies, and every covenant and obligation necessary to the Administrative Agent exercise thereof by such agent shall run to and be enforceable by either of them. In particular, and without limiting the generality of the foregoing, upon the determination by the Collateral Agent by the terms of the Loan Documents, together with that any such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinagent or custodian may be required, the Collateral Agent may, upon consultation with the Grantor, appoint such agents or custodians to hold, maintain, invest, reinvest, collect upon or liquidate any Collateral and to make such payments or disbursements, including payments and disbursements to the Grantor and the Lenders as the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in direct consistent with this ArticleAgreement. The Collateral Agent shall act as have the “collateral agent” under right to terminate the Loan Documents, and each appointment of any agent or custodian hereunder without the consent of any other party hereto. (c) It shall be a condition to the appointment of any agent or custodian hereunder (other than those specified in the second sentence of paragraph (a) above) that such agent or custodian waive its rights in respect of the Lenders (including in its capacities Collateral to the same extent as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental theretohas waived its rights in Section 7.08. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.7.10
Appears in 1 contract
Appointment of Agents. Each of BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC is hereby appointed a Bookrunner hereunder and each Lender hereby authorizes BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC to act as a Bookrunner in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. HSBC USA is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the HSBC USA to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. Except with respect to Section 9.7, the provisions of this Section 9 are solely for the benefit of Agents, Lenders and Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, an agent of Lenders and each does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Borrower or any of its Subsidiaries. As of the Lenders (including Closing Date, none of BMO, BNS, HSBC Canada, Natixis Securities, RBCCM and SMBC, in its their capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiringBookrunners, holding and enforcing shall have any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII any Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.)
Appointment of Agents. Each of Xxxxxxx Xxxxx and DBSI are hereby appointed Syndication Agents and Bookrunners hereunder, and each Lender hereby authorizes Xxxxxxx Sachs and DBSI to act as Syndication Agents and Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. 117 DBNY is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the DBNY to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. DBSI is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes DBSI to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers neither Xxxxxxx Xxxxx nor DBSI, each in its capacity as a Syndication Agent and discretion a Bookrunner, nor DBSI, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Documentation Agent, as “collateral agent” and shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions this Section 9. Each Syndication Agent, Documentation Agent, Bookrunner or any Agent described in clause (vii) of this Article VIII the definition thereof may resign from such role at any time, with immediate effect, by giving prior written notice thereof to Administrative Agent and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)
Appointment of Agents. Each of CIBCWM, JPMorgan and LBI is hereby appointed a Joint Lead Arranger hereunder. JPMCB and LCPI are hereby appointed Co-Syndication Agents hereunder. Each Lender hereby authorizes each Joint Lead Arranger and Co-Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. CIBC is hereby irrevocably appoints appointed as Collateral Agent under the Pledge and Security Agreement and the other Credit Suisse AG, Cayman Islands Branch, Documents and each Agent and each Lender hereby authorizes CIBC to act on as Collateral Agent for its behalf as benefit and for the Administrative benefit of the other Secured Parties hereunder and under the other Credit Documents and each Agent and each Lender hereby authorizes Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Citi and GECC are hereby appointed Co-Documentation Agents hereunder, and each Lender hereby authorizes each Co- Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. CIBC is hereby appointed Administrative Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 (except Section 9.9 and 9.10) are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, an agent of Lenders and each does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any of its Subsidiaries. Each of the Lenders (including Joint Lead Arrangers and Co-Syndication Agents, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, neither CIBCWM, in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act Joint Lead Arranger, nor JPMorgan, in its capacity as the agent of such Lender and the Issuing Bank for purposes of acquiringa Joint Lead Arranger, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligationsnor JPMCB, together with such powers and discretion in its capacity as are reasonably incidental thereto. In this connection, the Collateral a Co-Syndication Agent, nor LBI, in its capacity as “collateral agent” Joint Lead Arranger and any coa Co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Syndication Agent, nor Citi, in its capacity as 134 CREDIT AND GUARANTY AGREEMENT 434546.21-New York Server 3A - MSW Co-Documentation Agent, nor GECC in its capacity as a Co-Documentation Agent shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Mariner Health Care Inc)
Appointment of Agents. Each of the Lenders Lender and the Issuing Bank each L/C Issuer hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, GE Capital (together with any successor Administrative Agent pursuant to act on its behalf Section 9.09) as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to (i) execute and Collateral Agent to deliver the Loan Documents and accept delivery thereof on its behalf from any Loan Party, (ii) take such actions action on its behalf and to exercise such all rights, powers and remedies and perform the duties as are expressly delegated to the Administrative Agent under such Loan Documents and Collateral Agent by the terms of the Loan Documents, together with (iii) exercise such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Each Lender and each L/C Issuer hereby appoints GE Capital (together with any successor Agent pursuant to Section 9.09) as a Co-Collateral Agent shall have hereunder and authorizes such Agent to (i) take such action on its behalf and to exercise all rights, powers and remedies and perform the rights and benefits of the Administrative Agent set forth in this Article. The duties as are expressly delegated to such Co-Collateral Agent shall act as the “collateral agent” under the such Loan Documents, Documents and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterpartyii) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with exercise such powers and discretion as are reasonably incidental thereto. In this connectionEach Lender and each L/C Issuer hereby appoints Bank of America as a Co-Collateral Agent hereunder and authorizes such Co-Collateral Agent to (i) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to such Co-Collateral Agent under such Loan Documents and (ii) exercise such powers as are reasonably incidental thereto. Each Lender and each L/C Issuer hereby appoints RBS as Syndication Agent hereunder and authorizes such Syndication Agent to (i) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to such Syndication Agent under such Loan Documents and (ii) exercise such powers as are reasonably incidental thereto. As of the Closing Date, RBS, in its capacity as the Syndication Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (shall have no obligations under this Agreement or any portion thereof) granted under the Security Documentsother Loan Document, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Appointment of Agents. Each of GSCP and SSB is hereby appointed a Joint Lead Arranger hereunder. GSCP is hereby appointed as Syndication Agent hereunder. Each Senior Lender hereby authorizes each Joint Lead Arranger and Syndication Agent to act as its agents in accordance with the Lenders terms hereof and the Issuing other Credit Documents. Bank of America is hereby irrevocably appoints Credit Suisse AGappointed Documentation Agent hereunder, Cayman Islands Branch, and each Senior Lender hereby authorizes each Documentation Agent to act on as its behalf agent in accordance with the terms hereof and the other Credit Documents. Citibank, N.A. hereby resigns as the Administrative Agent and Collateral Agent under the Existing Credit Agreement and each Credit Party and each Lender hereby consents to and approves such resignation and the appointment of CUSA as successor Administrative Agent (for purposes of this Section 9, the terms "Administrative Agent" and "Agent" shall also include CUSA in its capacity as Collateral Agent pursuant to the Collateral Documents) hereunder and under the other Loan Documents and Credit Documents. Each Lender hereby authorizes the Administrative Agent to act as its agent in accordance with the terms hereof and Collateral Agent the other Credit Documents. All parties hereto agree that in accordance with the provisions of Section 9.7 of the Existing Credit Agreement, CUSA shall hereupon succeed to take such actions on its behalf and to exercise such powers as are delegated become vested with (and Citibank, N.A. hereby assigns to the extent necessary) all the rights, powers, privileges and duties of Citibank, N.A. as Administrative Agent under each Collateral Document, Landlord Personal Property Collateral Access Agreement or otherwise and Citibank, N.A. agrees to (i) transfer to CUSA as successor Administrative Agent all sums, Securities and other items of 120 Collateral Agent by held under the terms of the Loan Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of CUSA as successor Administrative Agent under the Credit Documents, and (ii) execute and deliver to CUSA as successor Administrative Agent such actions amendments to financing statements, and powers take such other actions, as are reasonably incidental thereto. Unless otherwise specifically set forth herein, may be necessary or appropriate in connection with the assignment to CUSA as successor Administrative Agent of the security interests created under the Collateral Documents, whereupon Citibank, N.A. as the retiring Administrative Agent shall be discharged from its duties and obligations (in its capacity as Administrative Agent only) under the Existing Credit Agreement or any other Credit Document or hereunder. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in this Articleprovisions thereof other than the right to receive notices pursuant to the first two sentences of Section 9.7. The Collateral In performing its functions and duties hereunder, each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each of Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsEffective Date, together with such powers all the respective obligations of (i) GSCP and discretion SSB in its capacity as are reasonably incidental thereto. In this connectionJoint Lead Arranger and (ii) Bank of America, the Collateral Agent, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesterminate.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Focal Communications Corp)
Appointment of Agents. Each Bank of America, Citibank and UBS are hereby appointed Co-Syndication Agents hereunder and each Lender hereby authorizes Bank of America, Citibank and UBS to act as Co-Syndication Agents in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. GSCP is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the GSCP to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Wachovia is hereby appointed Documentation Agent hereunder and each Lender hereby authorizes Wachovia to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each Co-Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers neither Bank of America, Citibank and discretion UBS, in each party’s respective capacity as are reasonably incidental thereto. In this connection, the Collateral Co-Syndication Agent, nor Wachovia, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Appointment of Agents. Each of Citi and MLPFS are hereby appointed as Syndication Agents hereunder, and each Lender hereby authorizes Citi and MLPFS to act as the Lenders Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and and, during any Springing Lien Period, Collateral Agent (in such capacity, the “Collateral Agent”) hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. JPMorgan is hereby appointed as the Documentation Agent hereunder, together with such actions Royal Bank, MUFG Bank, Ltd., U.S. Bank National Association and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinXxxxx Fargo Bank, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan DocumentsNational Association, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes JPMorgan, Royal Bank, MUFG Bank, Ltd., U.S. Bank National Association and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent Xxxxx Fargo Bank, National Association to act as the Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. US-DOCS\106883637.15 The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender the Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes any Group Member. Each Syndication Agent and Documentation Agent, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Syndication Agents and the Documentation Agents are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Syndication Agents and the Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Appointment of Agents. Each of Citi is hereby appointed as Syndication Agent hereunder, and each Lender hereby authorizes Citi to act as the Lenders Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and and, during any Springing Lien Period, Collateral Agent (in such capacity, the “Collateral Agent”) hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. BofA is hereby appointed as the Documentation Agent hereunder, together with such actions JPMorgan, RBC, Truist, Citizens Bank, MUFG Bank, US Bank and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, Xxxxx Fargo Bank and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes BofA, JPMorgan, RBC, Truist, Citizens Bank, MUFG Bank, US Bank and the Issuing Xxxxx Fargo Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 any Group Member. The Syndication Agent and the Issuing Bank for purposes Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Syndication Agent and the Documentation Agents are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Syndication Agent and the Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.IX
Appears in 1 contract
Samples: Credit Agreement (PVH Corp. /De/)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.
Appears in 1 contract
Appointment of Agents. Each of MLPFS and CGMICiti are hereby appointed as a Co-Syndication Agent hereunder, and each Lender hereby authorizes MLPFS and CGMICiti to act as the Lenders Co-Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointed as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. Royal Bank is hereby appointed as the Documentation Agent hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinJPMorgan, in connection with the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan DocumentsSecond Amendment, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes JPMorgan and the Issuing Royal Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the Documentation AgentAgents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary 171 of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 any Group Member. Each Syndication Agent and the Issuing Bank for purposes Documentation AgentAgents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArrangers, the Collateral AgentBookrunners, the Co-Syndication Agents and the Documentation AgentAgents are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArrangers, the Bookrunners, the Co-Syndication Agents and the Documentation AgentAgents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
Appears in 1 contract
Appointment of Agents. Each Bank of America, N.A. is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes Bank of America, N.A. to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Barclays Bank to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. Regions Bank, together with such actions SunTrust Bank and powers as U.S. Bank National Association are reasonably incidental thereto. Unless otherwise specifically set forth herein, hereby appointed the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan DocumentsDocumentation Agents hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes Regions Bank and the Issuing U.S. Bank hereby irrevocably appoints and authorizes the Collateral Agent National Association to act as the Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Section 14 (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Section 14 (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 the Company or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral Syndication Agent, the Documentation Agents and the Joint Bookrunners are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative Joint Lead Arrangers, the Syndication Agent, the Documentation Agents and the Joint Bookrunners shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions this Section 14. Without limitation of the foregoing, neither the Joint Lead Arrangers, the Syndication Agent, the Documentation Agents nor the Joint Bookrunners in their respective capacities as such shall, by reason of this Article VIII and Section 9.03 (as though such co-agentsAgreement or any other Loan Document, subagents and attorneys-in-fact were the “collateral agent” under the have any fiduciary relationship in respect of any Lender, Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesParty or any other Person.
Appears in 1 contract
Samples: Assignment Agreement (Centene Corp)
Appointment of Agents. Each of DBCI is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. GSCP is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. CIT is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes such Co-Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. GECC is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes such Co-Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. ML Capital is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes such Co-Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 or any of its Subsidiaries. Each of Syndication Agent and the Issuing Bank for purposes Co-Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion neither GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, nor CIT, in its capacity as “collateral agent” and any coCo-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, nor GE Capital, in its 111 capacity as Co-Documentation Agent, nor ML Capital, in its capacity as Co-Documentation Agent shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Achievement Corp)
Appointment of Agents. Each (a) In its discretion, the Custodian may appoint one or more Sub-Custodians to establish and maintain arrangements with (i) Eligible Securities Depositories or (ii) Eligible Foreign Custodians who are members of the Lenders Sub- Custodian’s network to hold Securities and cash of the Fund and to carry out such other provisions of this Agreement as it may determine; provided, however, that the appointment of any such agents and maintenance of any Securities and cash of the Fund shall be at the Custodian's expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. The Custodian shall be liable for the actions of any Sub- Custodians (regardless of whether assets are maintained in the custody of a Sub-Custodian, a member of its network or an Eligible Securities Depository) appointed by it as if such actions had been done by the Custodian. (b) If, after the initial appointment of Sub-Custodians, the Custodian wishes to appoint other Sub-Custodians to hold property of the Fund, it will so notify the Fund and make the necessary determinations as to any such new Sub- Custodian's eligibility. (c) In performing its delegated responsibilities as foreign custody manager to place or maintain the Fund’s assets with a Sub-Custodian, the Custodian will ensure that the Fund’s assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Fund’s assets will be held by that Sub-Custodian, after considering all factors relevant to safekeeping of such assets. Prior to placing or maintaining the Fund’s assets with a Sub-Custodian, the Custodian shall report to the Fund the material differences, if any, between custodial practices in the United States and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as country in which the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent Fund’s assets will be held by the terms Sub-Custodian as well as any material risks associated with the custodian practices of such country. (d) The agreement between the Loan Documents, together with such actions Custodian and powers each Sub-Custodian acting hereunder shall contain similar provisions as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” Rule 17f-5(c)(2) under the Loan Documents1940 Act. (e) At the end of each calendar quarter, and each the Custodian shall provide written reports notifying the Fund of the Lenders (including in its capacities as a Lender Counterparty withdrawal or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any placement of the Loan Parties pursuant to the Security Documents to secure any Securities and cash of the Obligations, together Fund with such powers a Sub- Custodian and discretion as are reasonably incidental theretoof any material changes in the Fund’s arrangements. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.Such reports shall
Appears in 1 contract
Samples: Private Investment Company Custody Agreement (WTI Fund X, Inc.)
Appointment of Agents. Each of Barclays, Citigroup, Xxxxxxx Xxxxx, Macquarie, MLPFS and Xxxxxx Xxxxxxx is hereby appointed a Bookrunner hereunder and each Lender hereby authorizes Barclays, Citigroup, Xxxxxxx Sachs, Macquarie, MLPFS and Xxxxxx Xxxxxxx to act as Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Each of Citigroup, Xxxxxxx Sachs, Macquarie, MLPFS and Xxxxxx Xxxxxxx is hereby irrevocably appoints Credit Suisse AGappointed a Syndication Agent and Bookrunner hereunder and each Lender hereby authorizes Citigroup, Cayman Islands BranchXxxxxxx Sachs, Macquarie, MLPFS and Xxxxxx Xxxxxxx to act on its behalf as Syndication Agents and Bookrunners in accordance with the terms hereof and the other Credit Documents. Each of KeyBank and Royal Bank is hereby appointed a Documentation Agent hereunder, and each Lender hereby authorizes KeyBank and Royal Bank to act as Documentation Agents in accordance with the terms hereof and the other Credit Documents. Barclays is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Barclays to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents, Lenders and Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Syndication Agents and Documentation Agents, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers none of Barclays, Citigroup, Xxxxxxx Sachs, Macquarie, MLPFS and discretion Xxxxxx Xxxxxxx, in their capacities as are reasonably incidental thereto. In this connection, the Collateral AgentSyndication Agents and Bookrunners, as “collateral agent” and applicable, shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of this Section 9. As of the Closing Date, neither of KeyBank or Royal Bank, in their capacity as Documentation Agents shall have any obligations but shall be entitled to all provisions benefits of this Article VIII Section 9. Each of any Syndication Agent, any Documentation Agent, any Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.)
Appointment of Agents. Each of Xxxxxxx Xxxxx, JPMorgan Securities, Barclays, Citigroup, Xxxxxx Xxxxxxx, MLPFS and Deutsche Bank is hereby appointed a Bookrunner hereunder and each Lender hereby authorizes Xxxxxxx Sachs, JPMorgan Securities, Barclays, Citigroup, Xxxxxx Xxxxxxx, MLPFS and Deutsche Bank to act as Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Each of JPMorgan Securities and Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, appointed a Syndication Agent hereunder and each Lender hereby authorizes JPMorgan Securities and Barclays to act on its behalf as Syndication Agents in accordance with the terms hereof and the other Credit Documents. Each of Credit Xxxxxx XX, Xxxxxx Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx and Sumitomo Mitsui Banking Corporation is hereby appointed a Documentation Agent hereunder, and each Lender hereby authorizes Credit Xxxxxx XX, Xxxxxx Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx and Sumitomo Mitsui Banking Corporation to act as Documentation Agents in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Sachs is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Xxxxxxx Xxxxx to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents, Lenders and Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Syndication Agents and Documentation Agents, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of its Affiliates. Anything to the contrary notwithstanding, as of the Closing Date, none of Xxxxxxx Sachs, JPMorgan Securities, Barclays, Citigroup, Xxxxxx Xxxxxxx, MLPFS, Deutsche Bank, Credit Xxxxxx XX, Xxxxxx Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx and Sumitomo Mitsui Banking Corporation, in their capacities as Syndication Agents, Bookrunners and/or Documentation Agents, as applicable, shall have any powers, duties, responsibilities or obligations under this Agreement or any of the Loan Parties pursuant to the Security other Credit Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, but shall be entitled to the all benefits of all provisions this Section 9. Each of this Article VIII any Syndication Agent, any Documentation Agent, any Bookrunner and Section 9.03 any Agent described in clause (as though such co-agents, subagents and attorneys-in-fact were vi) of the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral definition of Agent may also act as the collateral agent for lenders under the Other Term Loansresign from such role at any time, the Other Revolving Commitmentswith immediate effect, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness by giving prior written notice thereof to Administrative Agent and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Terraform Global, Inc.)
Appointment of Agents. Each (a) In its discretion, the Custodian may appoint one or more Sub-Custodians to act as Securities Depositories or as sub-custodians to hold Securities and cash of the Lenders Fund and to carry out such other provisions of this Agreement as it may determine, provided, however, that the Issuing Bank hereby irrevocably appoints Credit Suisse AGappointment of any such agents and maintenance of any Securities and cash of the Fund shall be at the Custodian's expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. (b) If, Cayman Islands Branchafter the initial approval of Sub-Custodians by the Board Of Trustees in connection with this Agreement, the Custodian wishes to act on its behalf as appoint other Sub-Custodians to hold property of the Administrative Agent Fund, it will so notify the Company and Collateral Agent hereunder and provide it with information reasonably necessary to determine any such new Sub-Custodian's eligibility under Rule 17f-5 under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms 1940 Act, including a copy of the Loan Documents, together proposed agreement with such actions and powers as are reasonably incidental theretoSub-Custodian. Unless otherwise specifically set forth herein, The Fund shall at the Collateral Agent shall have all the rights and benefits meeting of the Administrative Agent Board Of Trustees next following receipt of such notice and information give a written approval or disapproval of the proposed action. (c) The Agreement between the Custodian and each Sub-Custodian acting hereunder shall contain the required provisions set forth in this ArticleRule 17f-5(a)(1)(iii). (d) At the end of each calendar quarter, the Custodian shall provide written reports notifying the Board of Trustees of the placement of the Securities and cash of the Fund with a particular Sub-Custodian and of any material changes in the Fund's arrangements. The Collateral Agent Custodian shall act promptly take such steps as may be required to withdraw assets of the “collateral agent” Fund from any Sub-Custodian that has ceased to meet the requirements of Rule 17f-5 under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes1940 Act.
Appears in 1 contract
Samples: Custody Agreement (Gintel Fund)
Appointment of Agents. Each The Custodian may permit any Sub- Custodian at any time or times in its discretion to appoint (and may at any time remove) any other bank or trust company which is itself qualified under the Investment Company Act of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG1940, Cayman Islands Branchas amended, to act on as a custodian, as its behalf agent to carry out such of the provisions of this Section 3 as the Administrative Agent and Collateral Agent Sub-Custodian may from time to time direct; provided, however, that the appointment of any agent shall not relieve the Custodian or any Sub-Custodian of its responsibilities or liabilities hereunder and under provided that any such agent shall have been approved by vote of the other Loan Documents and authorizes Trustees of the Administrative Agent and Collateral Agent Fund. The Custodian may also permit any Sub-Custodian to take which foreign securities of the Fund have been delivered to direct such actions on its behalf securities to be held by 17f-5 Sub-Custodians and to exercise such powers use the facilities of Foreign Depositories, as those terms are delegated to defined in the Administrative Agent and Collateral Agent by Foreign Sub-Custodian Agreement, in accordance with the terms of the Loan Documents, together with such actions Foreign Sub-Custodian Agreement. The agents which the Fund and powers as the Custodian have approved to date are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this ArticleSchedule B hereto. Schedule B shall be amended from time to time as agents are changed, added or deleted. The Collateral Agent Fund shall act as be responsible for informing the “collateral agent” under the Loan DocumentsCustodian, and each the Custodian shall be responsible for informing the appropriate Sub-Custodian, sufficiently in advance of a proposed investment which is to be held at a location not listed on Schedule B, in order that there shall be sufficient time for the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) Sub-Custodian to complete the appropriate contractual and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together technical arrangements with such powers and discretion as are reasonably incidental theretoagent. In this connection, Any Sub-Custodian Agreement shall provide that the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed engagement by the Administrative Agent pursuant to Section 8.05 for purposes Sub-Custodian of holding one or enforcing any Lien on more agents shall not relieve the Collateral (Sub-Custodian of its responsibilities or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notesliabilities thereunder.
Appears in 1 contract
Samples: Sub Custodian Agreement (Putnam Tax Managed Funds Trust)
Appointment of Agents. Each of Xxxxxxx Xxxxx and Xxxxxxx Xxxxx are hereby appointed Syndication Agents hereunder, and each Lender hereby authorizes Xxxxxxx Sachs and Xxxxxxx Xxxxx to act as Syndication Agents in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Xxxxxxx Xxxxx, Xxxxxxx Xxxxx, RBC, MUFG, Xxxxx Fargo and ICBC are hereby irrevocably appoints Credit Suisse AGappointed in their respective capacities as Bookrunners hereunder, Cayman Islands Branchand each Lender hereby authorizes Xxxxxxx Xxxxx, Xxxxxxx Xxxxx, RBC, MUFG, Xxxxx Fargo and ICBC to act on its behalf in their respective capacities as Bookrunners in accordance with the terms hereof and the other Credit Documents. Xxxxxxx Xxxxx is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender and L/C Issuer hereby authorizes the Xxxxxxx Sachs to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, an agent of Lenders and each does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Borrower or any of its Subsidiaries. Each of the Lenders (including in its capacities as a Lender Counterparty Syndication Agents, without consent of or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent notice to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant its Affiliates. Notwithstanding anything to the Security Documents to secure contrary herein, neither Xxxxxxx Xxxxx nor Xxxxxxx Xxxxx in their capacity as Syndication 160 Agents, nor Xxxxxxx Xxxxx, Xxxxxxx Xxxxx RBC, MUFG, Xxxxx Fargo and ICBC in their respective capacity as Arrangers or Bookrunners, shall have any of duties, responsibilities or obligations under this Agreement or any other Credit Document nor any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against the ObligationsSyndication Agents, together with Bookrunners or Arrangers, in such powers and discretion as are reasonably incidental thereto. In this connectioncapacity, the Collateral but each Syndication Agent, as “collateral agent” Bookrunner and any co-agentsArranger, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agentin such capacity, shall be entitled to the all benefits of this Section 9. Each of the Syndication Agents, Bookrunners and Arrangers, and any Agent described in clause (g) of the definition thereof appointed to serve in a similar capacity may resign from such role at any time, with immediate effect, by giving prior written notice thereof to Administrative Agent and Borrower. Without limiting the foregoing, the parties hereby agree that Xxxxxxx Xxxxx may, without consent of or notice to any party hereto, assign any and all provisions of its rights or obligations under this Agreement to any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesAgreement.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Atlantic Power Corp)
Appointment of Agents. Each of the Lenders and the Issuing Bank Purchasers hereby irrevocably appoints Credit Suisse AGWilmington Trust, Cayman Islands BranchNational Association, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Note Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Note Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Note Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank Purchasers hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank Purchaser for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Note Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative AgentAgent or the Required Purchasers, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Note Documents) as if set forth in full herein and in the other Note Documents with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty No Agent is, or shall be deemed to hereby acknowledge and agreebe, acting hereunder or under any other Note Documents, as transfer agent or registrar within the meaning of Article 8 of the UCC or Section 17A(c) that Collateral Agent may also act as of the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesAct.
Appears in 1 contract
Appointment of Agents. Each GE Capital is appointed to act on behalf of all Lenders and all Term Loan C Lenders as 'Administrative Agent' and as 'Collateral Agent' under this Agreement and the other Loan Documents. GE Capital is appointed to act on behalf of all Revolving Lenders as 'Revolver Agent' under this Agreement and the other Loan Documents. Xxxxxx Xxxxxxx is appointed to act on behalf of all Term Loan A Lenders as 'Term Loan A Agent' under this Agreement and the other Loan Documents. Xxxxxx Xxxxxxx is appointed to act on behalf of all Term Loan B Lenders as "Term Loan B Agent" under this Agreement and the other Loan Documents. Xxxxxx Xxxxxxx is hereby appointed to act on behalf of all Term Loan C Lenders as "Term Loan C Agent" under this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, as of the Closing Date, each Lender authorized and authorizes Agents to consent, on behalf of each Lender, to an Interim Order substantially in the form attached as Exhibit A-1, to the Canadian Interim Order, to the Final Order and to the Canadian Final Order negotiated among Borrowers, Agents and the Committee. In addition, each Lender and each Term Loan C Lender hereby authorizes Agents to consent on its behalf to the Term Loan C Bankruptcy Court Order and to an order in substantially the form required for the Canadian court to recognize the Fifth Amendment and the Term Loan C. The provisions of this Section 9.2 are solely for the benefit of Agents, Lenders and Term Loan C Lenders and no Credit Party nor any other Person shall have any rights as a third party beneficiary of any of the provisions hereof. In performing its functions and duties under this Agreement and the other Loan Documents, each Agent shall act solely as an agent of the Lenders or the Term Loan C Lenders, as applicable, and the Issuing Bank hereby irrevocably appoints does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the Party or any other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental theretoPerson. Unless otherwise specifically set forth herein, the Collateral No Agent shall have all the rights and benefits of the Administrative Agent duties or responsibilities except for those expressly set forth in this ArticleAgreement and the other Loan Documents. The Collateral duties of each Agent shall act be mechanical and administrative in nature and no Agent shall have, or be deemed to have, by reason of this Agreement, any other Loan Document or otherwise a fiduciary relationship in respect of any Lender or Term Loan C Lender. Except as expressly set forth in this Agreement and the “collateral agent” under the other Loan Documents, no Agent shall have any duty to disclose, and each shall not be liable for failure to disclose, any information relating to any Credit Party or any of the their respective Subsidiaries or any Account Debtor that is communicated to or obtained from any Agent or any of its Affiliates in any capacity. No Agent, no Affiliate of any Agent and none of their respective officers, directors, employees, agents or representatives shall be liable to any Lender or any Term Loan C Lender for any action taken or omitted to be taken by any Agent, any Affiliate of an Agent or any other Person under this Credit Agreement or any other Loan Document or in connection therewith, except for damages caused by such Agent's or such Person's own gross negligence or willful misconduct. If any Agent shall request instructions from Requisite Lenders, Requisite Revolving Lenders, Requisite Term Loan A Lenders, Requisite Term Loan B Lenders, Requisite Term Loan C Lenders or all affected Lenders with respect to any act or action (including failure to act) in its capacities as a Lender Counterparty connection with this Agreement or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany other Loan Document, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral then each Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agentcase may be, shall be entitled to take such act or action or refrain from such act or taking such action unless and until Administrative Agent shall have received instructions from Requisite Lenders, Requisite Revolving Lenders, Requisite Term Loan A Lenders, Requisite Term Loan B Lenders, Requisite Term Loan C Lenders or all affected Lenders, as the benefits case may be, and no Agent shall incur liability to any Person by reason of all provisions taking or refraining from such act or action. Each Agent shall be fully justified in failing or refusing to take any action hereunder or under any other Loan Document (a) if such action would, in the opinion of such Agent, be contrary to law or the terms of this Article VIII Agreement or any other Loan Document, (b) if such action would, in the opinion of such Agent, expose such Agent to Environmental Liabilities or (c) if such Agent shall not first be indemnified to its satisfaction against any and Section 9.03 (as though all liability and expense which may be incurred by it by reason of taking or continuing to take any such co-agentsaction. Without limiting the foregoing, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each no Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the or Term Loan Exchange NotesC Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of Requisite Lenders, the Additional Requisite Revolving Lenders, Requisite Term NotesLoan A Lenders, the Unrestricted Additional Requisite Term NotesLoan B Lenders, Credit Agreement Refinancing Indebtedness and the Refinancing NotesRequisite Term Loan C Lenders or all affected Lenders, as applicable."
Appears in 1 contract
Appointment of Agents. Each of Barclays Bank PLC is hereby appointed Administrative Agent hereunder and under the Lenders other Loan Documents and the Issuing each Lender hereby authorizes Barclays Bank hereby irrevocably appoints Credit Suisse AGPLC, Cayman Islands Branchin such capacity, to act on as its behalf as agent in accordance with the Administrative Agent terms hereof and the other Loan Documents. Barclays Bank PLC is hereby appointed Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent Barclays Bank PLC, in such capacity, to take such actions on act as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms of hereof and the other Loan Documents. Xxxxxx Xxxxxxx is hereby appointed Syndication Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Xxxxxx Xxxxxxx, in such capacity, to act as its agent in accordance with the terms hereof and the other Loan Documents. Barclays Bank PLC is hereby appointed Documentation Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank PLC, in such capacity, to act as its agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Section 9.01 are solely for the benefit of Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third-party beneficiary of any of the Administrative Agent set forth in this Articleprovisions thereof. The Collateral In performing its functions and duties hereunder, each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower, Holdings or any of acquiringtheir Subsidiaries. Each of Syndication Agent and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion neither Xxxxxx Xxxxxxx, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, nor Barclays Bank PLC, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.01.
Appears in 1 contract
Samples: Credit Agreement (Spansion Inc.)
Appointment of Agents. Each Ally and BMO are hereby irrevocably appointed the Co-Collateral Agents hereunder and under the other Credit Documents, and each Lender also hereby irrevocably authorizes, and each holder of any Note by the Lenders acceptance of such Note also shall be deemed irrevocably to authorize, the Co-Collateral Agents to act as its agent in accordance with the terms hereof and the Issuing Bank other Credit Documents. Ally is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent hereunder and under the other Credit Documents and each Lender hereby irrevocably authorizes, and each holder of any Note by the acceptance of such Note shall be deemed irrevocably to authorize, the Administrative Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Ally also is hereby irrevocably appointed the Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Credit Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank also hereby irrevocably appoints authorizes, and authorizes each holder of any Note by the acceptance of such Note also shall be deemed irrevocably to authorize, the Collateral Agent to act as its agent in accordance with the agent of such Lender terms hereof and the Issuing Bank other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. Except for purposes Section 9.7, the provisions of acquiring, holding this Section 9 are solely for the benefit of the Agents and enforcing the Lenders and no Credit Party shall have any and all Liens on Collateral granted by rights as a third party beneficiary of any of the Loan Parties pursuant provisions thereof. In performing its functions and duties hereunder, 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 the Security Documents to secure Borrower or any of the Obligations, together with such powers and discretion as are reasonably incidental theretoits Subsidiaries. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction Each of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such coCo-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness Agents and the Refinancing NotesCollateral Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates.
Appears in 1 contract
Appointment of Agents. Each of PNC Capital Markets, LLC is hereby appointed the Lenders Syndication Agent hereunder, and each Lender hereby authorizes PNC Capital Markets, LLC to act as the Syndication Agent in accordance with the terms hereof and the Issuing other Loan Documents. Barclays Bank is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays Bank to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms of hereof and the other Loan Documents. PNC Capital Markets, LLC is hereby appointed the Documentation Agent hereunder, and each Lender hereby authorizes PNC Capital Markets, LLC to act as the Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under the Loan Documents, 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 or any of its Subsidiaries. The Syndication Agent and each of the Lenders (including in its capacities as a Lender Counterparty Documentation Agent, without consent of or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent notice to act as the agent of such Lender and the Issuing Bank for purposes of acquiringany party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of their respective rights or obligations hereunder to any of the their respective Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionArranger, the Collateral AgentBookrunner, the Syndication Agent and the Documentation Agent are named as “collateral agent” such for recognition purposes only, and any co-agentsin their respective capacities as such shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentArranger, the Bookrunner, Syndication Agent and the Documentation Agent shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were none of the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArranger, the Other Revolving CommitmentsBookrunner, the Term Syndication Agent nor the Documentation Agent in their respective capacities as such shall, by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 1 contract
Samples: Intercreditor Agreement (Fairmount Santrol Holdings Inc.)
Appointment of Agents. Each of the Lenders GSCP is hereby appointed Co-Syndication Agent and the Issuing Bank a Joint Lead Arranger hereunder, and each Lender hereby irrevocably appoints Credit Suisse AGauthorizes GSCP, Cayman Islands Branchin such capacities, to act on as its behalf agent in accordance with the terms hereof and the other Credit Documents. CIBCWM is hereby appointed a Joint Lead Arranger and each Lender authorizes CIBCWM, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. CIBC is hereby appointed Administrative Agent and Collateral Agent Trustee hereunder and under the other Loan Documents Credit Documents, and each Lender hereby authorizes the Administrative Agent and Collateral Agent Trustee to take act in such actions on capacities as its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by agent in accordance with the terms hereof and the other Credit Documents. DB is hereby appointed Co-Syndication Agent hereunder, and each Lender hereby authorizes DB, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. GECC is hereby appointed Senior Managing Agent hereunder, and each Lender hereby authorizes GECC to act as its agent in accordance with the terms hereof and the other Credit Documents. Bank One is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes Bank One to act as its agent in accordance with the terms hereof and the other Credit Documents. Fleet is hereby appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes Fleet to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof (except as provided in Sections 9.7 and 9.8). In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as an agent of 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 Holding or any of its Subsidiaries. After the “collateral agent” under the Loan DocumentsClosing Date, and each none of the Lenders (including GSCP, in its capacities as Co-Syndication Agent and a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act Joint Lead Arranger, CIBCWM, in its capacity as the agent of such Lender and the Issuing Bank for purposes of acquiringJoint Lead Arranger, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the ObligationsDB, together with such powers and discretion in its capacity as are reasonably incidental thereto. In this connection, the Collateral Co-Syndication Agent, GECC, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Senior Managing Agent, Fleet, in its capacity as Co-Documentation Agent and Bank One, in its capacity as Co-Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Appointment of Agents. Each of the Lenders and the Issuing Bank (a) CS is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents Documents, (b) each of CS Securities, MSSF, Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Barclays Bank PLC and authorizes Xxxxx Fargo Securities, LLC is hereby appointed as an Arranger hereunder and under the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the other Loan Documents, together with such actions (c) MSSF is hereby appointed as syndication agent hereunder and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, and (d) each of Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Barclays Bank PLC and Xxxxx Fargo Securities is hereby appointed as a co-documentation agent hereunder and under the Lenders (including other Loan Documents; and each Lender hereby authorizes each of CS, CS Securities, MSSF, Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Barclays Bank PLC and Xxxxx Fargo Securities, LLC to act in its such capacities as a Lender Counterparty or potential Lender Counterparty) its agents in accordance with the terms hereof and thereof. Each Agent hereby agrees to act on the express conditions contained herein and the Issuing Bank hereby irrevocably appoints other Loan Documents, as applicable. The provisions of this Section 8 are solely for the benefit of Agents and authorizes Lenders and no Loan Party shall have any rights as a third-party beneficiary of any of the Collateral provisions thereof. In performing its functions and duties hereunder, each Agent to shall act solely as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Arrangers and Administrative Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of its Affiliates. No Arranger shall have any obligations under or related to the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, but shall be entitled to the benefits of all provisions this Section 8. Notwithstanding any other provision of this Article VIII Agreement or any provision of any other Loan Document, the Arrangers, the Syndication Agent and Section 9.03 (the Co-Documentation Agents are named as though such co-agentsfor recognition purposes only, subagents and attorneys-in-fact were in their respective capacities as such shall have no duties, responsibilities or liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each Arranger shall be entitled to all indemnification and reimbursement rights and exculpations in favor of the “collateral agent” under Agents provided herein and in the other Loan Documents) . Without limitation of the foregoing, no Arranger in its respective capacity as if set forth such shall, by reason of this Agreement or any other Loan Document, have any fiduciary relationship in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loansof any Lender, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesParty or any other Person.
Appears in 1 contract
Appointment of Agents. Each In order to expedite the transactions contemplated by this Agreement, Citigroup Global Markets Inc. and Wachovia Securities LLC are hereby appointed to act as Arrangers, Citigroup USA, Inc. is hereby appointed to act as Administrative Agent, Collateral Agent on behalf of the Lenders and the Issuing Bank, Wachovia Bank, National Association is hereby appointed to act as Syndication Agent, and General Electric Capital Corporation, Key Corporate Capital Inc., LaSalle Bank N.A. and SunTrust Bank are hereby appointed to act as Documentation Agents (for purposes of this Article VIII, the Arrangers, the Collateral Agent, the Administrative Agent, the Syndication Agent and the Documentation Agents are referred to collectively as the "Agents"). Each of the Lenders, each assignee of any such Lender and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent Agents to take such actions on its behalf of such Lender or assignee or the Issuing Bank and to exercise such powers as are specifically delegated to the Administrative Agent and Collateral Agent Agents by the terms and provisions hereof and of the Loan other Credit Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe Administrative Agent is hereby expressly authorized by the Lenders and the Issuing Bank, the Collateral Agent shall have all the rights and benefits without hereby limiting any implied authority, (a) to receive on behalf of the Administrative Agent set forth Lenders, any assignees of the Lenders and the Issuing Bank all payments of principal of and interest on the Loans, all payments in this Article. The Collateral Agent shall act as respect of L/C Disbursements and all other amounts due to the “collateral agent” under the Loan DocumentsLenders hereunder, and promptly to distribute to each Lender, each assignee of any such Lender or the Issuing Bank its proper share of each payment so received; (b) to give notice on behalf of each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints to the Borrower of any Event of Default specified in this Agreement of which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and authorizes (c) to distribute to each Lender copies of all notices, financial statements and other materials delivered by the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties Borrower pursuant to this Agreement or the Security other Credit Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed received by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction Agent. It is expressly understood that none of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansArrangers, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness Syndication Agent and the Refinancing NotesDocumentation Agents shall have any duties or responsibilities under this Agreement.
Appears in 1 contract
Appointment of Agents. Each GSCP is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes Syndication Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. BNS hereby resigns and is hereby removed as Administrative Agent and Collateral Agent under the Existing Credit Agreement and each Credit Party and each Lender hereby consents to and approves (and waives any notice requirement set forth in Section 9.1 of the Lenders Existing Credit Agreement) such resignation and removal and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf appointment of GE Capital as the successor Administrative Agent and Collateral Agent hereunder and under the other Loan Documents Credit Documents. CIT is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes Documentation Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Lender hereby authorizes Administrative Agent and Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. All parties hereto agree that in accordance with the provisions of Section 9.7 of the Existing Credit Agreement that GE Capital shall hereupon succeed to and become vested with (and BNS hereby assigns to the extent necessary) all the rights, powers, privileges and duties of Collateral Agent under each Collateral Document, Landlord Personal Property Collateral Access Agreement or otherwise and BNS agrees to (i) transfer to GE Capital as successor Collateral Agent all sums, Capital Stock, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of GE Capital as successor Collateral Agent under the Credit Documents, and (ii) execute and deliver to GE Capital as successor Collateral Agent such amendments to financing statements, and take such actions on other actions, as may be necessary or appropriate in connection with the assignment to GE Capital as successor Collateral Agent of the security interests created under the Collateral Documents, whereupon BNS as the retiring Collateral Agent shall be discharged from its behalf duties and to exercise such powers obligations (in its capacities as are delegated to the Administrative Agent and Collateral Agent by only) under the terms Existing Credit Agreement or any other Credit Document or hereunder. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Company or any of acquiringits Subsidiaries or any other Person. Syndication Agent without consent of or notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsEffective Date, together with such powers and discretion neither GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral Syndication Agent, nor CIT, in its capacity as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Documentation Agent, shall have any obligations but shall be entitled to all the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Ipc Acquisition Corp)
Appointment of Agents. Each of Xxxxxxx Xxxxx, Barclays, Citigroup and JPMorgan is hereby appointed a Syndication Agent and Bookrunner hereunder and each Lender hereby authorizes Xxxxxxx Sachs, Barclays and Citigroup to act as Syndication Agents and Bookrunners in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. Xxxxxxx Xxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Xxxxxxx Sachs to act as Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Credit Documents. Santander is hereby appointed Documentation Agent hereunder, and each Lender hereby authorizes Santander to act as Documentation Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents, Lenders and Lender Counterparties and no Credit Party shall have any rights as a third party beneficiary of any of the Loan Documentsprovisions thereof. In performing its functions and duties hereunder, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral each Agent shall act solely as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Borrower or any of acquiringits Subsidiaries. Each of Syndication Agents and Documentation Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers none of Xxxxxxx Xxxxx, Barclays and discretion Citigroup, in their capacities as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” Syndication Agents and Bookrunners shall have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of this Section 9. As of the Closing Date, Santander, in its capacity as Documentation Agent, shall have no obligations but shall be entitled to all provisions benefits of this Article VIII Section 9. Each of any Syndication Agent, Documentation Agent, any Bookrunner and Section 9.03 any Agent described in clause (as though vi) of the definition thereof may resign from such co-agentsrole at any time, subagents with immediate effect, by giving prior written notice thereof to Administrative Agent and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.)
Appointment of Agents. Each of GSCP and JPMCB are hereby appointed Co-Syndication Agents hereunder, and each Lender hereby authorizes Co-Syndication Agents to act as its agents in accordance with the Lenders terms hereof and the Issuing Bank other Credit Documents. DBTCA is hereby irrevocably appoints appointed Administrative Agent hereunder and under the other Credit Suisse AG, Cayman Islands Branch, Documents and each Lender hereby authorizes Administrative Agent to act on as its behalf as agent in accordance with the Administrative Agent terms hereof and the other Credit Documents. DBTCA is hereby appointed Collateral Agent hereunder and under the other Loan Credit Documents and each Lender hereby authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender Lenders and the Issuing Bank does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for purposes Holdings or any of acquiringits Subsidiaries. Each Co-Syndication Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsSecond Amendment Effective Date, together with such powers each of GSCP and discretion JPMCB, in its respective capacity as are reasonably incidental thereto. In this connection, the Collateral Co-Syndication Agent, and General Electric Capital Corporation and The Royal Bank of Scotland, in their capacities as “collateral agent” and Co-Documentation Agents, shall not have any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
Appears in 1 contract
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral the Canadian Administrative Agent hereunder and under the other Loan Documents as its agents and authorizes the Administrative Agent and Collateral each such Agent to take such actions on its behalf behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent and the Canadian Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the US Collateral Agent and the Canadian Collateral Agent as its agents and authorizes each such Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the US Collateral Agent and the Canadian Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, The Export-Related Lender hereby irrevocably appoints the US Collateral Agent shall have all and its agent and authorizes the rights and benefits US 126 Collateral Agent to take such actions on its behalf, including execution of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, and each of to exercise such powers as are delegated to the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the US Collateral Agent to act as by the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any terms of the Loan Parties pursuant to Documents and the Security Documents to secure any of the ObligationsExport-Related Financing Documents, together with such actions and powers and discretion as are reasonably incidental thereto. In this connection, Any bank serving as an Agent hereunder shall have the Collateral same rights and powers in its capacity as a Lender (or the Export-Related Lender) as any other Lender (or the Export-Related Lender) and may exercise the same as though it were not an Agent, as “collateral agent” and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any co-agents, sub-agents and attorneys-in-fact appointed by kind of business with the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (Loan Parties or any portion thereof) granted under the Security Documents, Subsidiary of a Loan Party or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) other Affiliate thereof as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral it were not an Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshereunder.
Appears in 1 contract
Samples: Credit Agreement (Stewart & Stevenson Funding Corp.)
Appointment of Agents. Each of GECC is hereby appointed as Syndication Agent hereunder, and each Lender hereby authorizes GECC to act as the Lenders Syndication Agent in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all in accordance with the rights terms hereof and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents. Each of CS Securities, DBSI and RBC Capital is hereby appointed as Co-Documentation Agent hereunder, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) hereby authorizes CS Securities, DBSI and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent RBC Capital to act as the Co-Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and the Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions of this Article IX (other than as expressly provided herein). In performing its functions and duties hereunder, each Agent shall act solely as an agent of such Lender 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 or any of its Subsidiaries. Each of the Syndication Agent and the Issuing Bank for purposes Co-Documentation Agents, without consent of acquiringor notice to any party hereto, holding and enforcing may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan Parties pursuant to the Security Documents to secure any Document, each of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connectionJoint Lead Arrangers, the Collateral AgentSyndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in their respective capacities as “collateral agent” and any co-agentssuch shall have no duties, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant responsibilities or liabilities with respect to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (this Agreement or any portion thereof) granted under the Security Documents, or for exercising any rights other Loan Document; it being understood and remedies thereunder at the direction agreed that each of the Administrative AgentJoint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agentsIX. Without limitation of the foregoing, subagents and attorneys-in-fact were neither the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term LoansJoint Lead Arrangers, the Other Revolving CommitmentsSyndication Agent nor the Co-Documentation Agents in their respective capacities as such shall, the Term by reason of this Agreement or any other Loan Exchange NotesDocument, the Additional Term Noteshave any fiduciary relationship in respect of any Lender, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesLoan Party or any other Person.
Appears in 1 contract
Samples: Counterpart Agreement (RadNet, Inc.)
Appointment of Agents. Each of the Lenders and the Issuing Bank Xxxxxxx Xxxxx is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Xxxxxxx Sachs to act as the Administrative Agent and the Collateral Agent in accordance with the terms hereof and the other Loan Documents. Deutsche Bank Securities Inc. is hereby appointed as the Syndication Agent hereunder, and each Lender hereby authorizes Deutsche Bank Securities Inc. to take act as the Syndication Agent in accordance with the terms hereof and the Loan Documents. Bank of America, N.A. and HSBC Securities (USA) Inc. are hereby appointed Documentation Agents hereunder, and each Lender hereby authorizes Bank of America, N.A. and HSBC Securities (USA) Inc. to act as Documentation Agents in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such actions on upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article 9 are solely for the benefit of the Agents and Lenders and no Loan Party or the German Borrower shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its behalf functions and duties hereunder, each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to exercise have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. Each of the Syndication Agent and Documentation Agents, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, neither Deutsche Bank Securities, Inc. in its capacity as the Syndication Agent, nor Bank of America, N.A. or HSBC Securities (USA) 192 NY\6127033.17 Inc. in their respective capacities as the Documentation Agents, shall have any obligations but shall be entitled to all benefits of this Article 9. Each of the Syndication Agent and Documentation Agents may resign from such powers as are delegated role at any time, with immediate effect, by giving prior written notice thereof to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesBorrower.
Appears in 1 contract
Samples: Security Agreement (W R Grace & Co)
Appointment of Agents. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral the Canadian Administrative Agent hereunder and under the other Loan Documents as its agents and authorizes the Administrative Agent and Collateral each such Agent to take such actions on its behalf behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent and the Canadian Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the US Collateral Agent and the Canadian Collateral Agent as its agents and authorizes each such Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the US Collateral Agent and the Canadian Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, The Export-Related Lender hereby irrevocably appoints the US Collateral Agent shall have all and its agent and authorizes the rights and benefits US Collateral Agent to take such actions on its behalf, including execution of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the other Loan Documents, and each of to exercise such powers as are delegated to the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the US Collateral Agent to act as by the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any terms of the Loan Parties pursuant to Documents and the Security Documents to secure any of the ObligationsExport-Related Financing Documents, together with such actions and powers and discretion as are reasonably incidental thereto. In this connection, Any bank serving as an Agent hereunder shall have the Collateral same rights and powers in its capacity as a Lender (or the Export-Related Lender) as any other Lender (or the Export-Related Lender) and may exercise the same as though it were not an Agent, as “collateral agent” and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any co-agents, sub-agents and attorneys-in-fact appointed by kind of business with the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (Loan Parties or any portion thereof) granted under the Security Documents, Subsidiary of a Loan Party or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) other Affiliate thereof as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral it were not an Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Noteshereunder.
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Appointment of Agents. Xxxxxx Xxxxxxx is hereby appointed as Syndication Agent, and each Lender and Issuing Bank hereby authorizes the Syndication Agent to act as its agents in accordance with the terms hereof and the other Credit Documents. Barclays Bank, Crédit Agricole and JPMCB are hereby appointed as Co-Documentation Agents, and each Lender and Issuing Bank hereby authorizes the Co-Documentation Agents to act as its agents in accordance with the terms hereof and the other Credit Documents. Each of the Lenders and the Issuing Bank and, by their acceptance of the benefits hereof and the other Credit Documents, the other Secured Parties, hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Bank of America to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Credit Documents and authorizes the Administrative Agent and Collateral Agent Agent, as applicable, to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent Agent, as applicable by the terms of the Loan Documentshereof or thereof, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth hereinThe provisions of this Section 9 are solely for the benefit of Administrative Agent, Collateral Agent, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints Banks, and authorizes the Collateral Agent to act neither Company nor any other Credit Party shall have rights as the agent a third party beneficiary of any of such Lender provisions. It is understood and agreed that the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any use of the Loan Parties pursuant term “agent” herein or in any other Credit Documents (or any other similar term) with reference to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent or Collateral Agent, as “collateral agent” and applicable, is not intended to connote any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding fiduciary or enforcing any Lien on the Collateral other implied (or express) obligations arising under agency doctrine of any portion thereof) granted under applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. The Syndication Agents and the Security DocumentsCo-Documentation Agents, without consent of or for exercising notice to any party hereto, may assign any and all of its rights and remedies thereunder at the direction or obligations hereunder to any of its Affiliates. As of the Administrative AgentClosing Date, Xxxxxx Xxxxxxx, in its capacity as Syndication Agent and each of Barclays Bank, Credit Agricole and JPMCB, in their capacities as Co-Documentation Agents, shall not have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
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Samples: Project Description Agreement (Covanta Holding Corp)
Appointment of Agents. Each (a) In its discretion, the Custodian may appoint one or more Sub-Custodians to establish and maintain arrangements with (i) Eligible Securities Depositories or (ii) Eligible Foreign Custodians who are members of the Lenders Sub-Custodian’s network to hold Securities and cash of the Issuing Bank hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf Fund and to exercise carry out such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all other provisions of this Article VIII Agreement as it may determine; provided, however, that the appointment of any such agents and Section 9.03 maintenance of any Securities and cash of the Fund shall be at the Custodian's expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. The Custodian shall be liable for the actions of any Sub-Custodians (as though such coregardless of whether assets are maintained in the custody of a Sub-agentsCustodian, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documentsa member of its network or an Eligible Securities Depository) appointed by it as if set forth in full herein with respect theretosuch actions had been done by the Custodian. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agreeb) that Collateral Agent may also act as If, after the collateral agent for lenders under the Other Term Loansinitial appointment of Sub-Custodians, the Other Revolving CommitmentsCustodian wishes to appoint other Sub-Custodians to hold property of the Fund, it will so notify the Fund and make the necessary determinations as to any such new Sub-Custodian's eligibility. (c) In performing its delegated responsibilities as foreign custody manager to place or maintain the Fund’s assets with a Sub-Custodian, the Term Loan Exchange NotesCustodian will ensure that the Fund’s assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Fund’s assets will be held by that Sub-Custodian, after considering all factors relevant to safekeeping of such assets. Prior to placing or maintaining the Fund’s assets with a Sub-Custodian, the Additional Term NotesCustodian shall report to the Fund the material differences, if any, between custodial practices in the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness United States and the Refinancing Notescountry in which the Fund’s assets will be held by the Sub-Custodian as well as any material risks associated with the custodian practices of such country.
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Appointment of Agents. Each of the Lenders and the Issuing Bank GSCP is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the Administrative appointed Syndication Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documentshereunder, and each of Lender hereby authorizes Syndication Agent to act as its agent in accordance with the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) terms hereof and the Issuing Bank other Credit Documents. GSCP is hereby irrevocably appoints appointed Administrative Agent hereunder, and each Lender hereby authorizes Administrative Agent to act as such in accordance with the terms hereof and the other Credit Documents. GSCP is hereby appointed Collateral Agent hereunder, and each Lender hereby authorizes Collateral Agent to act as such in accordance with the agent of such Lender terms hereof and the Issuing Bank other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely for the benefit of the Lenders with duties that are entirely administrative in nature, notwithstanding the use of the defined term "Administrative Agent", the terms "agent", "administrative agent" and "collateral agent" and similar and related terms in any Credit Document, which terms are used for title purposes only and does not assume and shall not be deemed to have assumed any obligation towards or relationship of acquiringagency or trust with or for Company or any of its Subsidiaries. Syndication Agent, holding and enforcing without consent of or notice to any party hereto, may assign any and all Liens on Collateral granted by of its rights or obligations hereunder to any of the Loan Parties pursuant to the Security Documents to secure any its Affiliates. As of the ObligationsClosing Date, together with such powers and discretion neither GSCP, in its capacity as are reasonably incidental thereto. In this connection, the Collateral a Syndication Agent, Joint Lead Arranger and Joint Bookrunner, nor BAS, in its capacity as “collateral agent” and any co-agentsJoint Lead Arranger, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes Joint Bookrunner nor Bank of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security DocumentsAmerica, or for exercising any rights and remedies thereunder at the direction of the Administrative N.A. in its capacity as Documentation Agent, shall have any obligations but shall be entitled to the all benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes9.
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Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)
Appointment of Agents. Each of the Lenders and each of the Issuing Bank Banks hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, Barclays to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents Documents, and authorizes the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and each of the Issuing Bank Banks hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the such Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the 180 #97036997v3 Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article ARTICLE VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Second Lien Loan Documents, the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange NotesAdditional Debt, and any Permitted Refinancing of any of the foregoing. Without limiting the generality of the foregoing, the Additional Term Notes, Agents are hereby expressly authorized to execute any and all documents (including releases) with respect to the Unrestricted Additional Term Notes, Credit Collateral and any rights of the Secured Parties with respect thereto as contemplated by and in accordance with the provisions of this Agreement Refinancing Indebtedness and the Refinancing Notesother Loan Documents.
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Samples: First Lien Credit Agreement (GoodRx Holdings, Inc.)
Appointment of Agents. Each of MLPFS and CGMI are hereby appointed a Co-Syndication Agent hereunder, and each Lender hereby authorizes MLPFS and CGMI to act as the Lenders Co-Syndication Agents in accordance with the terms hereof and the Issuing Bank other Loan Documents. Barclays is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as appointed the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Barclays to act as the Administrative Agent and the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and Collateral Agent by in accordance with the terms hereof and the other Loan Documents. Each of CS Securities and Royal Bank is hereby appointed a Co-Documentation Agent hereunder, and each Lender hereby authorizes each of CS Securities and Royal Bank to act as a Co-Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, together with such actions as applicable. The provisions of this Article IX (other than as expressly provided herein) are solely for the benefit of the Agents and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Agent Lenders and no Loan Party shall have all the any rights and benefits as a third party beneficiary of any of the Administrative Agent set forth in provisions of this ArticleArticle IX (other than as expressly provided herein). The Collateral In performing its functions and duties hereunder, each Agent shall act solely as an agent of the “collateral agent” under 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 any Group Member. Each Syndication Agent and each Co-Documentation Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Notwithstanding any other provision of this Agreement or any provision of any other Loan DocumentsDocument, and each of the Lenders (including Arrangers, the Bookrunners, the Co-Syndication Agents and the Co-Documentation Agents are named as such for recognition purposes only, and in its their respective capacities as a Lender Counterparty such shall have no duties, responsibilities or potential Lender Counterparty) liabilities with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Arrangers, the Bookrunners, the Co-Syndication Agents and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Co-Documentation Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents and all of the other benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing NotesIX.
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Appointment of Agents. Each GSCP is hereby appointed Arranger and Syndication Agent hereunder, and each Lender hereby authorizes Arranger and Syndication Agent to act as its agent in accordance with the terms of the Lenders this Agreement and the Issuing Bank other Loan Documents. BNY is hereby irrevocably appoints Credit Suisse AG, Cayman Islands Branch, to act on its behalf as the appointed Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and each Lender hereby authorizes Administrative Agent to act as its agent in accordance with the Administrative terms of this Agreement and the other Loan Documents. First Union National Bank is hereby appointed Documentation Agent hereunder and Newcourt Commercial Finance Corporation is hereby appointed Collateral Agent hereunder and each Lender hereby authorizes Documentation Agent and Collateral Agent to take such actions on act as its behalf agent in accordance with the terms of this Agreement and the other Loan Documents. Each Agent hereby agrees to exercise such powers act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 8 are delegated solely for the benefit of Agents and Lenders and Borrowers shall have no rights as a third party beneficiaries of any of the provisions thereof. In performing its functions and duties under this Agreement, each Agent shall act solely as an agent of 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 Borrowers or any of their Subsidiaries. Each of Arranger and Syndication Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Administrative Closing Date, all obligations of Arranger, Syndication Agent, Documentation Agent and Collateral Agent by hereunder shall terminate other than the terms obligations of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. Unless otherwise specifically set forth herein, the Collateral Syndication Agent shall have all the rights and benefits of the Administrative Agent set forth in this Article. The Collateral Agent shall act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a Lender Counterparty or potential Lender Counterparty) and the Issuing Bank hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Security Documents to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Section 9.03 (as though such co-agents, subagents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notessubsection 2.1A(vi).
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