Common use of Declaration of Agency Clause in Contracts

Declaration of Agency. Each Agent declares that it shall hold the rights granted to it under each Operative Document, for its own benefit and as agent for the rateable benefit of each Lender. The rights vested in each Agent by any Operative Document shall be performed by each Agent in accordance with the provisions of this Article.

Declaration of Agency. Each Agent declares that it shall hold the rights granted to it under each Operative Loan Document, for its own benefit and as agent for the rateable benefit of each other Senior Lender. The rights vested in each Agent by any Operative Loan Document shall be performed by each Agent in accordance with the provisions of this ArticleArticle 16.

Declaration of Agency. Each Agent declares that it shall hold the rights granted to it under each Operative Document, for its own benefit and as agent for the rateable benefit of each LenderLender and each Affiliate thereof party to an ISDA Contract. The rights vested in each Agent by any Operative Document shall be performed by each Agent in accordance with the provisions of this Article.