Syndication and Other Agents Clause Samples
The "Syndication and Other Agents" clause defines the roles and responsibilities of various agents involved in a syndicated loan or financing arrangement. It typically outlines how the lead agent, co-agents, and other participating agents coordinate their actions, share information, and make decisions on behalf of the lending group. For example, it may specify which agent is responsible for administrative tasks, communication with the borrower, or distribution of payments. This clause ensures clear allocation of duties among agents, preventing confusion and streamlining the management of complex multi-lender transactions.
Syndication and Other Agents. Notwithstanding anything herein to the contrary, the Joint Lead Arrangers, the Joint Bookrunners and the Co-Syndication Agents named on the cover page of this Agreement shall not have any duties or liabilities under this Agreement, except in their respective capacities, if any, as Lenders.
Syndication and Other Agents. Notwithstanding anything herein to the contrary, none of any Joint Lead Arranger, any Joint Bookrunner or any Syndication Agent shall have any duties, liabilities or obligations whatsoever in such capacity under this Agreement or any other Credit Document (except in their respective capacities, if any, as Lenders) and shall incur no liability hereunder or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided for hereunder.