Common use of Duties of the Agent Clause in Contracts

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 4 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement (Hoegh LNG Partners LP)

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Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 3 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Morgans Hotel Group Co.)

Duties of the Agent. 27.2.1 26.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 26.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 26.2.3 If the 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 Finance Parties. 27.2.4 26.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the ArrangerAgent) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 26.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 3 contracts

Samples: Bridge Facility Agreement (Luxottica Group Spa), Loan Agreement (Luxottica Group Spa), Term Facility Agreement (Luxottica Group Spa)

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 2 contracts

Samples: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)

Duties of the Agent. 27.2.1 25.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 25.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 25.2.3 If the 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 Finance Parties. 27.2.4 25.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 25.2.5 The Agent's duties of the Agent under the Finance Documents are solely mechanical and administrative in nature.

Appears in 2 contracts

Samples: Credit Agreement (Corporate Property Associates 16 Global Inc), Credit Agreement (Corporate Property Associates 16 Global Inc)

Duties of the Agent. 27.2.1 26.2.1 The Agent shall promptly forward to a Party party the original or a copy of any document which is delivered to the Agent for that Party party by any other Partyparty. 27.2.2 26.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Partyparty. 27.2.3 26.2.3 If the 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 Finance Parties. 27.2.4 26.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) Lender under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 26.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 2 contracts

Samples: $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agent, the Arranger or the ArrangerSecurity Trustee) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)

Duties of the Agent. 27.2.1 The 32.2.1 An Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 32.2.2 Except where a Finance Document specifically provides otherwise, the an Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 32.2.3 If the an 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 Finance Parties. 27.2.4 32.2.4 If the an Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agents or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The 32.2.5 Each Agent's duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Facilities Agreement (Shire PLC)

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party party the original or a copy of any document which is delivered to the Agent for that Party party by any other Partyparty. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Partyparty. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) Lender under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Duties of the Agent. 27.2.1 28.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 28.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 28.2.3 If the 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 Finance Parties. 27.2.4 28.2.4 If the Agent is aware of the non-non payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agent, the Arranger or the ArrangerSecurity Agent) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 28.2.5 The Agent's duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Mercer International Inc)

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agent, the Arranger or the ArrangerSecurity Agent) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Facilities Agreement (International Shipping Enterprises, Inc.)

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Duties of the Agent. 27.2.1 28.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 28.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 28.2.3 If the 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 Finance Parties. 27.2.4 28.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 28.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Facility Agreement (Ivanhoe Energy Inc)

Duties of the Agent. 27.2.1 25.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 25.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 25.2.3 If the 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 Finance Parties. 27.2.4 25.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the ArrangerArrangers) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 25.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature. 25.2.6 The Agent shall not be bound to account for any Lender for any sum or the profit element of any sum received by it for its own account.

Appears in 1 contract

Samples: Amendment Agreement (Promotora De Informaciones Sa /Fi)

Duties of the Agent. 27.2.1 The 33.2.1 An Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 33.2.2 Except where a Finance Document specifically provides otherwise, the an Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 33.2.3 If the an 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 Finance Parties. 27.2.4 33.2.4 If the an Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agents or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The 33.2.5 Each Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Facilities Agreement (Shire Pharmaceuticals Group PLC)

Duties of the Agent. 27.2.1 28.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 28.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 28.2.3 If the 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 Finance Parties. 27.2.4 28.2.4 If the Agent is aware of the non-non payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agent, the Arranger or the ArrangerSecurity Agent) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 28.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Mercer International Inc.)

Duties of the Agent. 27.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 If the 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 Finance Parties. 27.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent Agent, the Arranger or the ArrangerSecurity Trustee) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 The Agent's duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Validus Holdings LTD)

Duties of the Agent. 27.2.1 24.2.1 The Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 27.2.2 24.2.2 Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 27.2.3 24.2.3 If the 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 Finance Parties. 27.2.4 24.2.4 If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Mandated Lead Arranger) under this Agreement it shall promptly notify the other Finance Parties. 27.2.5 24.2.5 The Agent's ’s duties under the Finance Documents are solely mechanical and administrative in nature.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cellcom Israel Ltd.)

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