Common use of US Paying Agent Clause in Contracts

US Paying Agent. The Facility Agent shall delegate to any of its affiliates or appoint one or more agents in the US for the purposes of facilitating any payments required to be made to the US Borrower under this Agreement (and the US Borrower has the right to consent to such delegation). Any such delegation or appointment may be made upon such terms and conditions (including the power to sub-delegate or appoint any sub-agents) and subject to such restrictions as the Facility Agent and the US Borrower may think fit in the interests of the Finance Parties and the Facility Agent shall not be bound to supervise, or be in any way responsible for any loss incurred by reason of any misconduct or default on the part of any such delegate, sub-delegate, agent or sub-agent. The Facility Agent and the US Borrower may agree, without the prior consent of any other person, such amendments which are of an administrative or technical nature, as may be necessary for the purposes of giving effect to any such delegation or appointment and such amendments, once made, shall be binding on each of Finance Parties.