Common use of Duties Specified Clause in Contracts

Duties Specified. Each Lender irrevocably authorizes Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Credit Documents. Agent may exercise such powers, rights and remedies and perform such duties by or through its agents, affiliates or employees. Agent shall not have, by reason of this Agreement or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent any obligations in respect of this Agreement or any of the other Credit Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Northland Holdings Management Inc)

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Duties Specified. Each Lender irrevocably authorizes each Primary Agent to take such action on such Lender's ’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Loan Documents as are specifically delegated or granted to such Primary Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Primary Agent shall have only those duties and responsibilities that are expressly specified for such Primary Agent in this Agreement and the other Credit Loan Documents. Agent , and it may exercise such powers, rights and remedies and perform such duties by or through its agents, affiliates agents or employees. No Primary Agent shall not have, by reason of this Agreement or any of the other Credit Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Credit Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Primary Agent any obligations in respect of this Agreement or any of the other Credit Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Safeway Inc)

Duties Specified. Each Lender irrevocably authorizes each Primary Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies powers hereunder and under the other Credit Loan Documents as are specifically delegated or granted to such Primary Agent by the terms hereof and thereof, together with such powers, rights and remedies powers as are reasonably incidental thereto. 116 123 Each Primary Agent shall have only those duties and responsibilities that are expressly specified for such Primary Agent in this Agreement and the other Credit Documents. Agent Loan Documents and it may exercise such powers, rights and remedies and perform such duties by or through its agents, affiliates agents or employees. Neither Primary Agent shall not have, by reason of this Agreement or any of the other Credit Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Credit Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Primary Agent any obligations in respect of this Agreement or any of the other Credit Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Safeway Inc)

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Duties Specified. Each Lender irrevocably authorizes Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies powers hereunder and under the other Credit Loan Documents as are specifically delegated or granted to Agent by the terms hereof and thereof, or as elsewhere may be agreed among Agent and Lenders, together with such powers, rights and remedies powers as are reasonably incidental thereto. Agent shall have only those duties and responsibilities responsi- bilities that are expressly specified in this Agreement and the other Credit Loan Documents. , or as elsewhere agreed among Agent and Lenders, and it may exercise such powers, rights and remedies and perform such duties by or through its agents, affiliates agents or employees. Agent shall not have, by reason of this Agreement or any of the other Credit Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Credit Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent any obligations in respect of this Agreement or any of the other Credit Loan Documents except as expressly set forth herein or thereintherein or as elsewhere may be agreed among Agent and Lenders.

Appears in 1 contract

Samples: Convertible Term Loan Agreement (Banyan Strategic Realty Trust)

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