Common use of Nature of Agency Clause in Contracts

Nature of Agency. The appointment of Agent as agent is for the convenience of Banks and Company in making Advances of the Revolving Credit or any other Indebtedness of Company hereunder, and collecting fees and principal and interest on the Indebtedness. No Bank is purchasing any Indebtedness from Agent and this Agreement is not intended to be a purchase or participation agreement.

Nature of Agency. The appointment of Agent as agent is for the convenience of Banks Banks, Company and Company the Permitted Borrowers in making Advances of the Revolving Credit or any other Indebtedness of Company or the Permitted Borrowers hereunder, and collecting fees and principal and interest on the Indebtedness. No Bank is purchasing any Indebtedness from Agent and this Agreement is not intended to be a purchase or participation agreement.

Nature of Agency. The appointment of Agent as agent is for the convenience of Banks and Company the Borrowers in making Advances of the Revolving Credit or any other Indebtedness Loans, issuing Letters of Company hereunderCredit, and collecting fees and principal and interest on the IndebtednessLoans and dealing with Borrower. No Bank is purchasing any Indebtedness the Loans from Agent and this Agreement is not intended to be a purchase or participation agreement.

Nature of Agency. The appointment of Agent as agent is for the convenience of Banks Bxxxx and Company the Borrower in making Advances Advances, issuing Letters of the Revolving Credit or any other Indebtedness of Company hereunderCredit, and collecting fees and principal and interest on the IndebtednessAdvances and dealing with Bxxxxxxx. No Bank is purchasing any Indebtedness the Advances from Agent and this Agreement is not intended to be a purchase or participation agreement.

Nature of Agency. The appointment of Agent as agent is for the convenience of Banks Banks, Company and Company the Permitted Borrowers in making Advances of the Revolving Credit, the Line of Credit or any other Indebtedness of Company or the Permitted Borrowers hereunder, and collecting fees and principal and interest on the Indebtedness. No Bank is purchasing any Indebtedness from Agent and this Agreement is not intended to be a purchase or participation agreement.

Nature of Agency. The appointment of Agent as agent hereunder is for the convenience of Banks Banks, Company and Company the Designated Borrowers in making Advances of the Revolving Credit or Purchase Money Loans and any other Purchase Money Indebtedness of Company or the Designated Borrowers hereunder, and collecting fees and principal and interest on the Purchase Money Indebtedness. No Bank is purchasing any Purchase Money Indebtedness from Agent and this Agreement is not intended to be be, and shall not constitute, a purchase or participation agreement.