Common use of Duties of the Facility Agent and the Security Agent Clause in Contracts

Duties of the Facility Agent and the Security Agent. (a) The Facility Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Facility Agent for that Party by any other Party. (b) Except where a Finance Document specifically provides otherwise, the Facility Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (c) If the Facility 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. (d) If the Facility Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Facility Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. (e) The Facility Agent shall promptly send to the Security Agent such certification as the Security Agent may require pursuant to paragraph 6 (Basis of distribution) of Schedule 7 (Security Agency Provisions). (f) The duties of the Facility Agent and Security Agent under the Finance Documents are solely mechanical and administrative in nature. (g) The Facility Agent shall at all times consult with the Lenders to comply with any instructions given by Sinosure in accordance with the Sinosure Cover.

Duties of the Facility Agent and the Security Agent. (a) The Facility Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Facility Agent for that Party by any other Party. (b) Except where a Finance Document specifically provides otherwise, the Facility Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (c) If the Facility 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. (d) If the Facility Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Facility Agent or the Arranger) under this Agreement it shall promptly notify the other Finance Parties. (e) The Facility Agent shall promptly send to the Security Agent such certification as the Security Agent may require pursuant to paragraph 6 (Basis of distribution) of Schedule 7 6 (Security Agency Provisions). (f) The duties of the Facility Agent and Security Agent under the Finance Documents are solely mechanical and administrative in nature. (g) The Facility Agent shall at all times consult with the Lenders to comply with any instructions given by Sinosure in accordance with the Sinosure Cover.