Common use of Managing Agent Institution Roles Clause in Contracts

Managing Agent Institution Roles. Each of the Financial Institutions acknowledges that each Person that serves as a Managing Agent hereunder (a “Managing Agent Institution”) acts, or may in the future act, (i) as Managing Agent for one or more Conduits, (ii) as issuing and paying agent for each such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each such Conduit’s Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits (collectively, the “Managing Agent Institution Roles”). Without limiting the generality of this Section 14.13(b), each Financial Institution hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for the related Conduit.

Managing Agent Institution Roles. Each of the Financial Institutions Purchasers acknowledges that each Person that serves as a Managing Agent hereunder (a “Managing Agent Institution”) acts, or may in the future act, (i) as Managing Agent for one or more Conduits, (ii) as issuing and paying agent for each such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each such Conduit’s Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits (collectively, the “Managing Agent Institution Roles”). Without limiting the generality of this Section 14.13(b), each Financial Institution Purchaser and Managing Agent hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for the its related ConduitConduits.

Managing Agent Institution Roles. Each of the Financial Institutions acknowledges that each Person Financial Institution that serves as a Managing Agent hereunder (a “Managing Agent Institution”) acts, or may in the future act, (i) as Managing Agent for one a Conduit or more Conduits, (ii) as issuing and paying agent for each such Conduit’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each such Conduit’s the Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits (collectively, the “Managing Agent Institution Roles”). Without limiting the generality of this Section 14.13(b13.13(b), each Financial Institution hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent Managing Agent for the related ConduitConduits, and the giving of notice to the Agent or Managing Agent of a mandatory purchase pursuant to its liquidity back-stop program.

Managing Agent Institution Roles. Each of the Financial Institutions Alternate Investors acknowledges that each Person Alternate Investor that serves as a Managing Agent hereunder (a “"Managing Agent Institution”") acts, or may in the future act, (i) as Managing Agent for one a Conduit Investor or more ConduitsConduit Investors, (ii) as issuing and paying agent for each such Conduit’s Conduit Investor's Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each such Conduit’s the Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits Conduit Investors (collectively, the “"Managing Agent Institution Roles”"). Without limiting the generality of this Section 14.13(b), each Financial Institution Alternate Investor hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent Managing Agent for the related ConduitConduit Investors, and the giving of notice to the Deal Agent or Managing Agent of a mandatory purchase pursuant to its liquidity back-stop program.

Managing Agent Institution Roles. Each of the Financial Institutions acknowledges that each Person Financial Institution that serves as a Managing Agent hereunder (a “"Managing Agent Institution”") acts, or may in the future act, (i) as Managing Agent for one a Conduit or more Conduits, (ii) as issuing and paying agent for each such Conduit’s 's Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for each such Conduit’s the Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits (collectively, the “"Managing Agent Institution Roles”"). Without limiting the generality of this Section 14.13(b13.13(b), each Financial Institution hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent Managing Agent for the related ConduitConduits, and the giving of notice to the Agent or Managing Agent of a mandatory purchase pursuant to its liquidity back-stop program.