Common use of Delegation to Affiliates Clause in Contracts

Delegation to Affiliates. The Borrower, LC Issuers and the Lenders agree that the Administrative Agent may delegate any of its duties under this Agreement to any of its Affiliates, but such delegation shall not serve as a release of the Administrative Agent or waiver by the Borrower of any rights hereunder. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Administrative Agent is entitled under Articles IX and X.

Appears in 2 contracts

Samples: Credit Agreement (Radian Group Inc), Credit Agreement (Radian Group Inc)

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Delegation to Affiliates. The Borrower, LC Issuers Borrower and the Lenders agree that the Administrative Agent may delegate any of its duties under this Agreement to any of its Affiliates, but such delegation shall not serve as a release of the Administrative Agent or waiver by the Borrower of any rights hereunder. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Administrative Agent is entitled under Articles IX and X.

Appears in 1 contract

Samples: Credit Agreement (Mgic Investment Corp)

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Delegation to Affiliates. The Borrower, LC Issuers Borrower and the Lenders agree that the Administrative Agent may delegate any of its duties under this Agreement to any of its Affiliates; provided, but no such delegation shall not serve as a release of relieve the Administrative Agent or waiver by of the Borrower performance of any rights hereunderits duties and obligations contained in this Agreement. Any such Affiliate (and such Affiliate’s 's directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Administrative Agent is entitled under Articles IX and X.

Appears in 1 contract

Samples: Credit Agreement (Brown Shoe Co Inc/)

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