Common use of Agent Agreements Clause in Contracts

Agent Agreements. From time to time, the Agent may enter into, execute and deliver agreements or instruments supplemental hereto with the Borrower for the purposes of: (i) adding to the provisions hereof such additional covenants and enforcement provisions as are, in the opinion of the Agent, necessary or desirable and not prejudicial to the interests of the Lenders; (ii) making such provisions not inconsistent with this Agreement as may be necessary or desirable and not prejudicial to the interests of the Lenders with respect to matters or questions arising hereunder; (iii) adding, altering or modifying the provisions hereof, including relieving the Borrower from any Obligations, conditions or restrictions herein contained provided such addition, alteration, modification or relief shall be operative or become effective only if, in the opinion of the Agent, such addition, alteration, modification or relief in no way prejudices any of the rights of the Lenders or the Agent (and the Agent may in its sole discretion decline to enter into any such addition, alteration, modification or relief which, in its opinion, may not afford adequate protection to it when same becomes operative); and (iv) for any other purpose not inconsistent with the terms of this Agreement, including, without limitation, the correction or rectification of any ambiguities, defective or inconsistent provisions, errors, mistakes or omissions herein provided where, in the opinion of the Agent, the rights of the Agent and the Lenders are in no way prejudiced thereby.

Appears in 2 contracts

Sources: Loan Agreement (Mercer International Inc), Loan Agreement (Mercer International Inc)