Common use of Delegation by Administrative Agent Clause in Contracts

Delegation by Administrative Agent. With the prior approval of the Majority Lenders, the Administrative Agent shall have the right to delegate any of its duties or obligations hereunder as Administrative Agent to any Affiliate of the Administrative Agent so long as the Administrative Agent shall not thereby be relieved of such duties or obligations.

Appears in 21 contracts

Samples: Credit Agreement (Equinox Gold Corp.), First Amending Agreement (Triple Flag Precious Metals Corp.), Credit Agreement (SilverCrest Metals Inc.)

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Delegation by Administrative Agent. With the prior approval of the Majority Lenders, the Administrative Agent shall have the right to delegate any of its duties or obligations hereunder under this Agreement as Administrative Agent to any Affiliate of the Administrative Agent so long as the Administrative Agent shall not thereby be relieved of such duties or obligations.

Appears in 4 contracts

Samples: Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.)

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Delegation by Administrative Agent. With the prior approval of the Majority Lenders, the Administrative Agent shall have the right to delegate any of its duties or obligations hereunder as Administrative Agent to any Affiliate affiliate of the Administrative Agent so long as the Administrative Agent shall not thereby be relieved of such duties or obligations.

Appears in 2 contracts

Samples: Credit Agreement (Breakwater Resources LTD), Credit Agreement (Kinam Gold Inc)

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