Senior Managing Agent definition
Examples of Senior Managing Agent in a sentence
No Senior Managing Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care except to the extent otherwise required by Section 11.03.
No provision of Section 11 may be amended or modified without the consent of any Senior Managing Agent adversely affected thereby.
Each Senior Managing Agent agrees to act as such upon the express conditions contained in this Section 11.
Each Senior Managing Agent may execute any of its duties under this Agreement or any other Credit Document by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.
If any indemnity furnished to any Senior Managing Agent for any purpose shall, in the opinion of such Senior Managing Agent, be insufficient or become impaired, such Senior Managing Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished.