Common use of Designated Entities Clause in Contracts

Designated Entities. Where a Lender (each a “Designating Lender”) has designated in the signature pages to this Agreement or in writing to the Agent and the Company (and agreed in writing by the Company) an Affiliate of itself (each a “Designated Entity”) as its Facility Office for the purpose of participating in or making Loans to a Borrower in a particular jurisdiction, the Parties unconditionally and irrevocably agree that such Designated Entity shall: (a) not have any Commitment (without prejudice to the Designated Lender’s Commitment); (b) be entitled to all rights and benefits (other than voting rights which shall remain with the Designating Lender) under this Agreement relating to its participation in any Loan to a Borrower in such designated jurisdiction; and (c) have the corresponding duties of a Lender in relation to such Loans, and shall be a party to this Agreement for that purpose. Such Designating Lender will procure, subject to the terms of this Agreement, that the Designated Entity participates in a Loan to any Borrower in the relevant designated jurisdiction in place of such Designating Lender and the Parties to the Agreement shall be entitled to treat such Designated Entity as a Lender accordingly.

Designated Entities. Where a Lender (each a “Designating Lender”"DESIGNATING LENDER") has designated in the signature pages to this Agreement or in writing to the Agent and the Company (and agreed in writing by the Company) an Affiliate of itself (each a “Designated Entity”"DESIGNATED ENTITY") as its Facility Office for the purpose purposes of participating in or making Loans to a Borrower in a particular jurisdictionBorrower, the Parties unconditionally and irrevocably agree that such Designated Entity shall: (a) not have any Commitment (without prejudice to which shall remain with the Designated Designating Lender’s Commitment); (b) be entitled to all rights and benefits (other than voting rights which shall remain with the Designating Lender) under this Agreement relating to its participation in any Loan to such a Borrower in such designated jurisdictionBorrower; and (c) have the corresponding duties of a Lender in relation to such Loans, and shall be a party to this Agreement for that purpose. Such Designating Lender will shall procure, subject to the terms of this Agreement, that the Designated Entity participates in a Loan to any such a Borrower in the relevant designated jurisdiction in place of such the Designating Lender and the Parties to the Agreement shall be entitled to treat such Designated Entity as a Lender accordingly.

Designated Entities. Where a Lender (each a “Designating Lender”) has designated in the signature pages to this Agreement or in writing to the Agent and the Company (and agreed in writing by the Company) an Affiliate of itself (each a “Designated Entity”) as its Facility Office for the purpose of participating in or making Loans to a Borrower in a particular jurisdiction, the Parties unconditionally and irrevocably agree that such Designated Entity shall: (a) not have any Commitment (without prejudice to the Designated Lender’s Commitment); (b) be entitled to all rights and benefits (other than voting rights which shall remain with the Designating Lender) under this Agreement relating to its participation in any Loan to a Borrower in such designated jurisdiction; and (c) have the corresponding duties of a Lender in relation to such Loans, and shall be a party to this Agreement for that purpose. Such Designating Lender will procure, subject to the terms of this Agreement, that the Designated Entity participates in a Loan to any Borrower in the relevant designated jurisdiction in place of such Designating Lender and the Parties to the Agreement shall be entitled to treat such Designated Entity as a Lender accordingly.