Managing Agent Roles Sample Clauses

The "Managing Agent Roles" clause defines the responsibilities and authority of a managing agent appointed to act on behalf of one or more parties in a contract. It typically outlines the scope of the agent's powers, such as handling administrative tasks, making decisions within specified limits, or representing the parties in dealings with third parties. By clearly delineating the agent's role, this clause ensures that all parties understand who is authorized to act and to what extent, thereby reducing confusion and streamlining the management of contractual obligations.
Managing Agent Roles. Each of the Financial Institutions acknowledges that each Person that serves as a Managing Agent hereunder 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 such Conduit’s Commercial Paper and (iv) to provide other services from time to time for some or all of the Conduits in its Purchaser Group (collectively, the “Managing Agent Roles”). Without limiting the generality of this Section 14.13(b), each Financial Institution hereby acknowledges and consents to any and all Managing Agent Roles and agrees that in connection with any Managing Agent Role, the applicable Managing Agent may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as managing agent for the related Conduit, if any, and the giving of notice to the Agent or any Managing Agent of a mandatory purchase pursuant to its Liquidity Agreement.
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Managing Agent Roles. Each of the Investors acknowledges that each Person that serves as a Managing Agent hereunder acts, or may in the future act (i) as Managing Agent for a Conduit and the other Purchasers in its Purchase Group, (ii) as issuing and paying agent for such Conduit's Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such Commercial paper and (iv) to provide other services from time to time for some or all of the Conduits (collectively, the "Managing Agent Roles"). Without limiting the generality of this Section 11.13(b), each Investor hereby acknowledges and consents to any and all Managing Agent Roles and agrees that in connection with any Managing Agent Role, the applicable Managing Agent may take, or refrain from taking, any action that it in its discretion, deems appropriate.
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Managing Agent Roles. (a) First Chicago Roles. Each -------------------- ------------------- of the Financial Institutions acknowledges that First Chicago acts, or may in the future act, (i) as collateral agent for the Conduits, (ii) as Managing Agent for PREFCO and Falcon, (iii) as issuing and paying agent for PREFCO's and Falcon's Commercial Paper, (iv) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper and (v) to provide other services from time to time for some or all of the Conduits (collectively, the "First ----- Chicago Roles"). Without limiting the generality of this Section 14.13(a), each ------------- ---------------- Financial Institution hereby acknowledges and consents to any and all First Chicago Roles and agrees that in connection with any First Chicago Role, First Chicago may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as collateral agent and Managing Agent for the related Conduits, and the giving of notice to the Collateral Agent or Managing Agent of a mandatory purchase pursuant its Liquidity Agreement.
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Related to Managing Agent Roles

  • MANAGING AGENT The Seller will be entitled to appoint the first Managing Agent, which appointment shall be valid and binding on the Body Corporate for a period of 1 (one) year after the date of the first annual general meeting of the Body Corporate, provided that such appointment complies with section 6(2) of the Rules. Insofar as it may be necessary, the Purchaser hereby grants the Seller the irrevocable power to make such appointment.

  • Servicer Representative The Servicer will designate one or more representatives who will be available to assist the Asset Representations Reviewer in performing the Review, including responding to requests and answering questions from the Asset Representations Reviewer about access to Review Materials on the Servicer’s originations, receivables or other systems, obtaining missing or insufficient Review Materials and/or providing clarification of any Review Materials or Tests.

  • Syndication Agent The Syndication Agent shall not have any duties or responsibilities hereunder in its capacity as such.

  • Staff Representatives A. The Union will provide the Employer with a written list of staff representatives and the bargaining unit for which they are responsible. The Union will provide written notice to the Employer of any changes within thirty (30) calendar days of the changes. B. Staff representatives may have access to the Employer’s offices or facilities to carry out representational activities. The representatives will notify the Employer prior to their arrival and will not interrupt the normal operations of the Employer. The staff representative may meet with bargaining unit employees in non-work areas during the employee’s meal periods, rest periods, and before and after the employee’s shift. C. The Employer’s written Board of Trustee or administrative policies pertaining to employees represented by the Union will be made available to staff representatives.

  • Documentation Agent The Documentation Agent (in its capacity as such) shall not have any duties or responsibilities, nor shall it incur any liability, under this Agreement and the other Loan Documents.