Common use of Wachovia Roles Clause in Contracts

Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (i) as administrative agent for VFCC or any Liquidity Bank, (ii) as an issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (iv) to provide other services from time to time for VFCC or any Liquidity Bank (collectively, the “Wachovia Roles”). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCC, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 2 contracts

Samples: Credit and Security Agreement (Acuity Brands Inc), Credit and Security Agreement (Zep Inc.)

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Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (ia) as administrative agent for VFCC Blue Ridge or any Liquidity Bank, (iib) as an issuing and paying agent for the Commercial Paper, (iiic) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or or (iv) to provide other services from time to time for VFCC Blue Ridge or any Liquidity Bank (collectively, the “Wachovia Roles”"WACHOVIA ROLES"). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, including in its role as administrative agent for VFCCBlue Ridge, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 2 contracts

Samples: Credit and Security Agreement (Spherion Corp), Credit and Security Agreement (Spherion Corp)

Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (i) as administrative agent for VFCC Blue Ridge or any Liquidity Bank, (ii) as an issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (iv) to provide other services from time to time for VFCC Blue Ridge or any Liquidity Bank (collectively, the “Wachovia Roles”"WACHOVIA ROLES"). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCCBlue Ridge, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Equifax Inc)

Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (ia) as administrative agent for VFCC Blue Ridge or any Liquidity Bank, (iib) as an issuing and paying agent for the Commercial Paper, (iiic) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (ivd) to provide other services from time to time for VFCC Blue Ridge or any Liquidity Bank (collectively, the "Wachovia Roles"). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCCBlue Ridge, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Massey Energy Co)

Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (i) as administrative agent for VFCC Blue Ridge or any Liquidity Bank, (ii) as an issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (iv) to provide other services from time to time for VFCC Blue Ridge or any Liquidity Bank (collectively, the “Wachovia Roles”). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCCBlue Ridge, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Acuity Brands Inc)

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Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: , (i) as administrative agent for VFCC or any Liquidity BankBlue Ridge, (ii) as an issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or Paper and (iv) to provide other services from time to time for VFCC or any Blue Ridge and the other Liquidity Bank Banks (collectively, the “Wachovia Roles”"WACHOVIA ROLES"). Without limiting the generality of this Section 14.1313.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCCBlue Ridge, and the giving of notice notices to the Agent of a mandatory purchase pursuant to the Liquidity Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lafarge Corp)

Wachovia Roles. Each of the Liquidity Banks acknowledges that Wachovia acts, or may in the future act: (i) as administrative agent for VFCC Blue Ridge or any Liquidity Bank, (ii) as an issuing and paying agent for the Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (iv) to provide other services from time to time for VFCC Blue Ridge or any Liquidity Bank (collectively, the “Wachovia Roles”"WACHOVIA ROLES"). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all Wachovia Roles and agrees that in connection with any Wachovia Role, Wachovia may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for VFCCBlue Ridge, and the giving of notice of a mandatory purchase pursuant to the Liquidity AgreementAgreements.

Appears in 1 contract

Samples: Credit and Security Agreement (Rock-Tenn CO)

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