Common use of Powers and Duties General Immunity Clause in Contracts

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

Powers and Duties General Immunity. A. POWERSX. XXXXXX; DUTIES SPECIFIED. Each Lender irrevocably authorizex Xxxxxxxxxxxxxe authorizes the Administrative Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Administrative Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. Administrative Agent shall not have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any LenderLender or Company; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Administrative Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. Administrative Agent is further authorized by the Lenders to enter into agreements supplemental hereto with any Loan Party for the purpose of curing any formal defect, inconsistency, omission or ambiguity in this Agreement or any Loan Document to which it is a party (without any consent or approval by the Lenders).

Powers and Duties General Immunity. A. POWERSX. XXXXXX; DUTIES SPECIFIED. Each Lender irrevocably authorizex Xxxxxxxxxxxxxe authorizes each Administrative Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Priority Secured Loan Documents as are specifically delegated or granted to such Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Administrative Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Priority Secured Loan DocumentsDocuments to which it is a party. Each Administrative Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees, including, without limitation, appointing an agent to act as collateral agent in any jurisdiction where such appointment is necessary or desirable to comply with local law. No Administrative Agent shall not have, by reason of this Agreement or any of the other Priority Secured Loan DocumentsDocuments to which it is a party, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Priority Secured Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Administrative Agent any obligations in respect of this Agreement or any of the other Priority Secured Loan Documents except as expressly set forth herein or therein.. 130

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