Common use of Agency and Trust Clause in Contracts

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.

Appears in 3 contracts

Samples: Stolt Comex (Stolt Offshore S A), Guarantee Facility Agreement (Stolt Offshore S A), Loan Facility Agreement (Stolt Offshore S A)

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Agency and Trust. 11.1 9.1 Appointment Each of the Banks appoints the Agent its agent for the purpose of administering the Facility Loan 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.

Appears in 2 contracts

Samples: Agreement (Usg Corp), Agreement (Usg Corp)

Agency and Trust. 11.1 9.1 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 Groupthe Majority Banks, and subject to Clauses 11.4 9.4 and 11.199.19, 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.

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Shipping Corp)

Agency and Trust. 11.1 Appointment 10.1 APPOINTMENT Each of the Banks and the Arranger 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 10.4 and 11.1910.19, 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.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

Agency and Trust. 11.1 Appointment Each of the Banks Banks, the Arrangers and the Documentation Agent 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.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

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Agency and Trust. 11.1 Appointment APPOINTMENT Each of the Banks and the Arrangers 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.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Comex Seaway S A)

Agency and Trust. 11.1 9.1 Appointment Each of the Banks and the Arrangers 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 Groupthe Majority Banks, and subject to Clauses 11.4 9.4 and 11.199.19, 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.

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Shipping Corp)

Agency and Trust. 11.1 Appointment 9.1 APPOINTMENT Each of the Banks and each of the Arrangers 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 Groupthe Majority Banks, and subject to Clauses 11.4 9.4 and 11.199.19, 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.

Appears in 1 contract

Samples: Loan Facility Agreement

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