Common use of Duties of the Administrative Agent Clause in Contracts

Duties of the Administrative Agent. (a) The Administrative Agent’s duties under the Credit Documents are solely mechanical and administrative in nature. (b) Subject to paragraph (c) below, the Administrative Agent shall promptly forward to a party the original or a copy of any document which is delivered to the Administrative Agent for that party by any other party. (c) Paragraph (b) above shall not apply to any Transfer Certificate or any Assignment Agreement. (d) Except where a Credit Document specifically provides otherwise, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another party. (e) If the Administrative Agent receives notice from a party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the other Secured Parties. (f) If the Administrative Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Secured Party (other than the Administrative Agent or the Collateral Agent) under this Agreement, it shall promptly notify the other Secured Parties. (g) The Administrative Agent shall have only those duties, obligations and responsibilities expressly specified in the Credit Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Administrative Agent. (a) The Administrative Agent’s duties under the Credit Note Documents are solely mechanical and administrative in nature. (b) Subject to paragraph clause (c) below, the Administrative Agent shall promptly forward make available to a party the Parties the original or a copy of any document or notice which is delivered to the Administrative Agent for that party Party by any other partyParty. (c) Paragraph Without prejudice to Section 15.9, clause (b) above shall not apply to any Transfer Certificate or any Assignment Agreementpermitted assignment and assumption agreement. (d) Except where Notwithstanding anything set out in a Credit Document specifically provides otherwiseNote Document, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another partyParty. (e) If the Administrative Agent receives notice from a party Party referring to this Agreementany Note Document, describing a Default circumstance and stating that the circumstance described is a Default, it shall promptly notify the other Secured PartiesFinance Parties but shall not have any duty to verify whether the circumstance described has actually occurred or whether it constitutes a Default. (f) If the Administrative Agent is aware of the non-payment of any principal, interest, commitment fee interest or other any fee payable to a Secured Finance Party (other than the Administrative Agent or the Collateral Agent) under this AgreementNote, it shall promptly notify the other Secured Finance Parties. (g) The Administrative Agent shall have only those duties, obligations and responsibilities expressly specified in the Credit Note Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Administrative Agent. (a) The Administrative Agent’s duties under the Credit Finance Documents are solely mechanical and administrative in nature. (b) Subject to paragraph (c) below, the The Administrative Agent shall promptly forward to a party Party the original or a copy of any document which is delivered to the Administrative Agent for that party Party by any other partyParty. (c) Paragraph The Administrative Agent shall promptly forward to each Lender the documents provided to it by any Obligor pursuant to Clause 18 (b) above shall not apply to any Transfer Certificate or any Assignment AgreementInformation Undertakings). (d) Except where a Credit Finance Document specifically provides otherwise, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another partyParty. (e) If the Administrative Agent receives notice from a party Party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the other Secured Finance Parties. (f) If the Administrative Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Secured Finance Party (other than the Administrative Agent Agent, the Mandated Lead Arrangers or the Collateral Security Agent, for their own account) under this Agreement, Agreement it shall promptly notify the other Secured Finance Parties. (g) The Administrative Agent shall have only those duties, obligations and responsibilities expressly specified in the Credit Finance Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Administrative Agent. (a) The Administrative Agent’s duties under the Credit Note Documents are solely mechanical and administrative in nature. (b) Subject to paragraph clause (c) below, the Administrative Agent shall promptly forward make available to a party the Parties the original or a copy of any document or notice which is delivered to the Administrative Agent for that party Party by any other partyParty. (c) Paragraph Without prejudice to Section 14.9, clause (b) above shall not apply to any Transfer Certificate or any Assignment Agreementpermitted assignment and assumption agreement. (d) Except where Notwithstanding anything set out in a Credit Document specifically provides otherwiseNote Document, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another partyParty. (e) If the Administrative Agent receives notice from a party Party referring to this Agreementany Note Document, describing a Default circumstance and stating that the circumstance described is a Default, it shall promptly notify the other Secured PartiesFinance Parties but shall not have any duty to verify whether the circumstance described has actually occurred or whether it constitutes a Default. (f) If the Administrative Agent is aware of the non-payment of any principal, interest, commitment fee interest or other any fee payable to a Secured Finance Party (other than the Administrative Agent or the Collateral Agent) under this AgreementNote, it shall promptly notify the other Secured Finance Parties. (g) The Administrative Agent shall have only those duties, obligations and responsibilities expressly specified in the Credit Note Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Administrative Agent. (a) The Administrative Agent’s 's duties under the Credit Finance Documents are solely mechanical and administrative in nature. (b) Subject to paragraph (c) below, the The Administrative Agent shall promptly forward to a party Party the original or a copy of any document which is delivered to the Administrative Agent for that party Party by any other partyParty. (c) Paragraph The Administrative Agent shall promptly forward to each Lender the documents provided to it by any Obligor pursuant to Clause 18 (b) above shall not apply to any Transfer Certificate or any Assignment AgreementInformation Undertakings). (d) Except where a Credit Finance Document specifically provides otherwise, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another partyParty. (e) If the Administrative Agent receives notice from a party Party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the other Secured Finance Parties. (f) If the Administrative Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Secured Finance Party (other than the Administrative Agent Agent, the Mandated Lead Arrangers or the Collateral Security Agent, for their own account) under this Agreement, Agreement it shall promptly notify the other Secured Finance Parties. (g) The Administrative Agent shall have only those duties, obligations and responsibilities expressly specified in the Credit Finance Documents to which it is expressed to be a party (and no others shall be implied).