Syndication Agent, Documentation Agent and Co-Agent Sample Clauses
The 'Syndication Agent, Documentation Agent and Co-Agent' clause defines the roles and responsibilities of specific agents appointed in a syndicated loan agreement. Typically, the Syndication Agent coordinates the syndication process among lenders, the Documentation Agent manages the preparation and finalization of loan documents, and the Co-Agent assists the main agent in administrative tasks. This clause clarifies the scope of authority and duties for each agent, ensuring efficient management and clear division of labor among the parties involved in the loan transaction.
Syndication Agent, Documentation Agent and Co-Agent. None of the Lenders identified in this Agreement as a “Syndication Agent,” “Documentation Agent” or “Co-Agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgements with respect to such Lenders as it makes with respect to the Agent in subsection 10.6.
Syndication Agent, Documentation Agent and Co-Agent. No Lender or other Persons identified on the facing page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent,” “managing agent,” “book manager,” “arranger,” “lead arranger,” or “co-arranger” shall have any right, power, obligation, liability, responsibility, or duty under this Agreement other than, in the case of such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, no Lender or other Person so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any other Lender or other Person so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.
Syndication Agent, Documentation Agent and Co-Agent. Each of the Syndication Agent, the Documentation Agent and the Co-Agent, in its capacity as such, shall have no rights, powers, duties or responsibilities hereunder or any other Loan Document and no implied rights, powers, duties or responsibilities shall be read into this Agreement or any other Loan Document or otherwise exist on behalf of or against the Syndication Agent, the Documentation Agent or the Co-Agent, in its capacity as such. If LaSalle resigns as the Syndication Agent, no successor Syndication Agent shall be appointed. If Bank One resigns as the Documentation Agent, no successor Documentation Agent shall be appointed. If NCB resigns as the Co-Agent, no successor Co-Agent shall be appointed.