Common use of Authorization of Agent Clause in Contracts

Authorization of Agent. Each of the Lenders hereby irrevocably appoints TD as the Agent to act on its behalf as the Agent hereunder and under the other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The use of the term “agent” in any Loan Document with reference to the Agent is not intended to connote any fiduciary or other express or implied obligation arising under agency doctrine of any Applicable Law. Instead, the term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties.

Authorization of Agent. (1) Each of the Lenders hereby irrevocably appoints TD Scotiabank as the Agent to act on its behalf as the Agent hereunder and under the other Loan Documents and authorizes the Agent to take such the actions on its behalf and to exercise such the powers as that are delegated to the Agent by the terms hereof or thereofof the Loan Documents, together with such actions and powers as that are reasonably incidental theretoto them. The use of the term “agent” in any Loan Document with reference to the Agent is not intended to connote any fiduciary or other express implied (or implied express) obligation arising under agency doctrine of any Applicable Law. Instead, the term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties.

Authorization of Agent. (1) Each of the Lenders hereby irrevocably appoints TD Scotiabank as the Agent to act on its behalf as the Agent hereunder and under the other Loan Documents and authorizes the Agent to take such the actions on its behalf and to exercise such the powers as that are delegated to the Agent by the terms hereof or thereofof the Loan Documents, together with such actions and powers as that are reasonably incidental theretoto them. The use of the term “"agent” " in any Loan Document with reference to the Agent is not intended to connote any fiduciary or other express implied (or implied express) obligation arising under agency doctrine of any Applicable Law. Instead, the term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties.