Agency and Trust. 11.1 Appointment Each of the Banks appoints the Agent its agent for the purpose of administering the Facility and the Security Documents and authorises the Agent and its directors, officers, employees and agents acting on the instructions from time to time of an Instructing Group, and subject to Clauses 11.4 and 11.19, to execute the Security Documents on its behalf and to exercise all rights, powers, discretions and remedies vested in the Banks under or pursuant to the Security Documents, together with all powers reasonably incidental to them.
Agency and Trust. 45 12 Covenants..................................................................55 13 Earnings...................................................................66 14 Events Of Default..........................................................66 15 Set-Off and Lien...........................................................71 16 Assignment and Sub-Participation...........................................72 17 Payments, Mandatory Prepayment, Reserve Requirements and Illegality........75 18 Communications.............................................................80
Agency and Trust. 39 12 Covenants.................................................................48 13 Earnings..................................................................59
Agency and Trust. 9.1 Appointment Each of the Banks and each of the Arrangers appoints the Agent and its directors, officers, employees and agents acting on the instructions from time to time of the Majority Banks, subject to Clauses 9.4 and 9.19, its agent for the purpose of administering the Facility and where applicable the Security Documents and authorises the Security Trustee and its directors, officers, employees and agents acting on the instructions from time to time of the Majority Banks, and subject to Clauses 9.4 and 9.19, to execute and administer the Security Documents on its behalf, to retain the Security Documents and to exercise all rights, powers, discretions and remedies vested in the Banks under or pursuant to the Security Documents, together with all powers reasonably incidental to them.
Agency and Trust. 11.1. Each of the Banks and the Swap Providers appoints the Agent as its agent for the purpose of administering the Loan and the Finance Documents and, subject to this Clause, irrevocably authorises the Agent and its directors, officers, employees and agents acting on the instructions from time to time of the Majority Banks (unless otherwise stated herein) to exercise all rights, powers, authorities, discretions (including, without limitation, determining matters to be acceptable to or agreed by the Agent) and remedies under or pursuant to the Finance Documents, together with all powers reasonably incidental thereto. Subject to this Clause, each of the Banks and the Swap Providers irrevocably authorises the Agent and its directors, officers, employees and agents acting on the instructions from time to time of the Majority Banks (unless otherwise stated herein) to give or withhold any waivers, consents or approvals under or pursuant to any of the Finance Documents; and to collect, receive, release or pay any moneys thereunder; and to execute on its behalf any Finance Document (other than this Agreement) and any variation or amendment of any Finance Document (including this Agreement). The Agent shall have no duties or responsibilities as Agent other than those expressly conferred on it by the Finance Documents and shall not be obliged to act on any instructions if to do so would, in the reasonable opinion of the Agent, be contrary to any provision of the Finance Documents or to any law, or would expose the Agent to any actual or potential liability to any third party. Except where expressly provided to the contrary, references in this Clause 11 to the “Finance Documents” or to any “Finance Document” shall not include any Master Agreement.
Agency and Trust. 46 15 COVENANTS................................................................53 16 EARNINGS.................................................................63
Agency and Trust. 11.1 Appointment Each of the Banks appoints the Paying Agent its agent for the purpose of administering payments relating to the Facility and the Security Documents and the Security Agent as its security trustee to administer all other aspects of the Facility and to hold the benefit of the Security Documents.
Agency and Trust. 9.1 Appointment Each of the Finance Parties appoints the Agent its agent for the purpose of administering the Facility and the Security Documents and authorises the Agent and its directors, officers, employees and agents acting on the instructions from time to time of the Majority Banks, and subject to Clauses 9.4 and 9.19, to execute the Security Documents (other than the Mortgages and the Shares Charges) on its behalf and to exercise all rights, powers, discretions and remedies vested in the Banks under or pursuant to the Security Documents, together with all powers reasonably incidental to them.
Agency and Trust. 10.1 APPOINTMENT Each of the Finance Parties appoints the Agent its agent for the purpose of administering the Loan and the Security Documents.
Agency and Trust. 35 11 Covenants................................................................44 12 Accounts.................................................................58
