Common use of Subagents Clause in Contracts

Subagents. The Administrative Agent may perform any and all its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of this Article XI shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agent.

Subagents. The Administrative Each Agent may perform any and all its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative such Agent. The Administrative Each Agent and any such sub-agent may perform any and all of their respective its duties and exercise their respective its rights and powers through their respective Related Parties. The exculpatory provisions of this Article ARTICLE XI shall apply to any such sub-agent and to the Related Parties of the Administrative such Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreementin connection with the syndication of the credit facilities provided for herein as well as activities as the applicable Agent. The Administrative No Agent shall not be responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative such Agent acted with gross negligence or willful misconduct in the selection of such sub-agent.