Common use of RIGHTS AND DUTIES OF THE AGENT Clause in Contracts

RIGHTS AND DUTIES OF THE AGENT. (1) The Agent shall, pursuant to the entrustment by the Lenders, perform the Agent Services and exercise its rights on behalf of the Lenders and exercise such rights that the Agent acknowledges to be usually necessary or appropriate. The Agent shall not be liable for the duties other than those expressly provided for in the provisions of this Agreement, nor shall be liable for any non-performance of obligations of the Lender under this Agreement. The Agent is the Lenders' agent and shall not be the Borrower's agent unless otherwise stipulated.

RIGHTS AND DUTIES OF THE AGENT. (1) The Agent shall, pursuant to the entrustment by the on behalf of all Lenders, perform the Agent Services and exercise its rights on behalf of the Lenders Agent’s duties and exercise such rights that powers and exercise such authority as the Agent acknowledges to be usually deems ordinarily necessary or appropriateappropriate in the performance of the Agent’s duties. The Agent shall have no obligations other than those expressly set forth in the respective provisions of this Agreement and shall not be liable for the duties other than those expressly provided for in the provisions of this Agreement, nor shall be liable for any non-performance of failure by Lender to perform its obligations of the Lender under this Agreement. The In addition, the Agent is shall be an agent of the Lenders' agent Lender and shall not be an agent of the Borrower's agent Borrower or the Guarantor unless otherwise stipulatedspecified.

RIGHTS AND DUTIES OF THE AGENT. (1) The Agent shall, pursuant to the entrustment by the Lenders, perform the Agent Services and exercise its rights on behalf of the Lenders and exercise such rights that the Agent acknowledges to be deems usually necessary or appropriate. The Agent shall not be liable for the duties other than those expressly provided for set forth in the provisions of this Agreement, nor shall be liable for any non-performance of obligations of the Lender Borrower under this Agreement. The Agent is the Lenders' ’ agent and shall not be the Borrower's ’s agent unless otherwise stipulatedstipulated herein.