Common use of Conflict Waivers Clause in Contracts

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s Conduit, (ii) as issuing and paying agent for such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s Commercial Paper and (iv) to provide other services from time to time for such Conduit (collectively, the “Co-Agent Roles”). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 12 contracts

Samples: Omnibus Amendment (WestRock Co), Eighth Amended and Restated Credit and Security Agreement (WestRock Co), Credit and Security Agreement (WestRock Co)

AutoNDA by SimpleDocs

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s Conduit, (ii) as issuing and paying agent for such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s Commercial Paper and (iv) to provide other services from time to time for such Conduit (collectively, the “Co-Agent Roles”). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders Liquidity Banks in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 2 contracts

Samples: Credit and Security Agreement (Universal Health Services Inc), Credit and Security Agreement (Rock-Tenn CO)

Conflict Waivers. Each Co-Agent acts, and/or one of its Affiliates acts or may in the future act: (i) as administrative agent administrator for such Co-Agent’s Conduitits Conduit Lender, (ii) as issuing and paying agent for such ConduitConduit Lender’s Commercial PaperPaper Notes, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduitits Conduit Lender’s Commercial Paper Notes and (iv) to provide other services from time to time for such its Conduit Lender (collectively, the “Co-Agent Sponsor Roles”). Without limiting the generality of Sections 11.1 12.1 and 11.812.8, each of the other Co-Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Sponsor Roles and agrees that in connection with any Sponsor Role, each Co-Agent Role, a Co-Agent and its affiliates may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders in its such Conduit Group Lender’s Liquidity Banks of a mandatory purchase or funding pursuant to the applicable Liquidity Agreement for such Conduit GroupAgreement, and hereby acknowledges that neither the applicable no Co-Agent nor any of or its Affiliates affiliates has any fiduciary duties hereunder to any Lender (other than the Conduit Lender in its Conduitown Group) arising out of any Co-Agent Sponsor Roles.

Appears in 2 contracts

Samples: Loan Agreement (Arvinmeritor Inc), Loan Agreement (Arvinmeritor Inc)

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s 's Conduit, (ii) as issuing and paying agent for such Conduit’s 's Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s 's Commercial Paper and (iv) to provide other services from time to time for such Conduit (collectively, the "Co-Agent Roles"). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders Liquidity Banks in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s 's Conduit, (ii) as issuing and paying agent for such Conduit’s 's Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s 's Commercial Paper and (iv) to provide other services from time to time for such Conduit (collectively, the “Co"CO-Agent Roles”AGENT ROLES"). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders Liquidity Banks in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 1 contract

Samples: Credit and Security Agreement (Rock-Tenn CO)

AutoNDA by SimpleDocs

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s ConduitConduit or Non-Conduit Lender, (ii) as issuing and paying agent for such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s Commercial Paper and (iv) to provide other services from time to time for such Conduit or Non-Conduit Lender (collectively, the “Co-Agent Roles”). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders Liquidity Banks in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

Conflict Waivers. Each Co-Agent acts, or may in the future act: (i) as administrative agent for such Co-Agent’s Conduit, (ii) as issuing and paying agent for such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Conduit’s Commercial Paper and (iv) to provide other services from time to time for such Conduit (collectively, the “Co-Agent Roles”). Without limiting the generality of Sections 11.1 and 11.8, each of the other Agents and the Lenders hereby acknowledges and consents to any and all Co-Agent Roles and agrees that in connection with any Co-Agent Role, a Co-Agent may take, or refrain from taking, any action which it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for its Conduit, the giving of notice to the Committed Lenders Liquidity Banks in its Conduit Group of a mandatory purchase pursuant to the applicable Liquidity Agreement for such Conduit Group, and hereby acknowledges that neither the applicable Co-Agent nor any of its Affiliates has any fiduciary duties hereunder to any Lender (other than its Conduit) arising out of any Co-Agent Roles.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

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