Common use of Xxxxxx; Duties Specified Clause in Contracts

Xxxxxx; Duties Specified. Each Lender irrevocably authorizes Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. None of Agent, Syndication Agent or Documentation Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or Documentation Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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Xxxxxx; Duties Specified. Each Lender irrevocably authorizes each Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents officers, directors, agents, employees, trustees or employeesattorneys-in-fact. None of Agent, Syndication Agent or Documentation No Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or Documentation any Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Xxxxxx; Duties Specified. Each Lender irrevocably authorizes each Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Revolving Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Revolving Loan Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. None of Agent, Syndication Agent or Documentation No Agent shall have, by reason of this Agreement or any of the other Revolving Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Revolving Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or Documentation any Agent any obligations in respect of this Agreement or any of the other Revolving Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)

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Xxxxxx; Duties Specified. Each Lender irrevocably authorizes each Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. An Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its Affiliates, agents or employees. None of Agent, Syndication Agent or Documentation No Agent shall have, by reason of this Agreement or any of the other Loan Credit Documents, a fiduciary relationship in respect of any LenderLender or any Borrower; and nothing in this Agreement or any of the other Loan Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or Documentation an Agent any obligations in respect of this Agreement or any of the other Loan Credit Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Covanta Energy Corp)

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