Common use of Declaration of Agency Clause in Contracts

Declaration of Agency. The Agent declares that it shall hold the Security entrusted to it, the Collateral charged thereby and the rights granted to it under each other Loan Document, for its own benefit and as agent for the rateable benefit of each Finance Party. The rights vested in the Agent by any Loan Document shall be performed by the Agent in accordance with this Article 15.

Declaration of Agency. The Agent declares that it shall hold the Security entrusted to itSecurity, the Collateral charged thereby and the rights granted to it under each other Loan Document, Document for its own benefit and in its capacity as agent for the rateable ratable benefit of each Finance Partythe Lenders. The rights vested in the Agent by any Loan Document shall be performed by the Agent in accordance with this Article 15Fourteen.

Declaration of Agency. The Agent declares that it shall hold the Security Liens entrusted to it, the Collateral properties and assets charged thereby and the rights granted to it under each other Loan Operative Document, for its own benefit and as agent for the rateable benefit of each Finance PartyLender. The rights vested in the Agent by any Loan Document Operative Documents shall be performed by the Agent in accordance with the provisions of this Article 1517.

Declaration of Agency. The Agent declares that it shall hold the Security entrusted to it, the Collateral charged thereby it and the rights granted to it under each other Loan Document, for its own benefit and as agent for the rateable benefit of each Finance Secured Party. The rights vested in the Agent by any Loan Document shall be performed by the Agent in accordance with this Article 1511.