Agent Capacity Clause Samples
The Agent Capacity clause defines the role and authority of an agent acting on behalf of another party within an agreement. It clarifies that the agent is entering into the contract not in a personal capacity, but solely as a representative for the principal, and outlines the extent of the agent’s powers and limitations. For example, it may specify that the agent cannot be held personally liable for obligations under the contract. This clause ensures that all parties understand the agent’s legal standing, thereby preventing confusion or disputes regarding liability and the scope of the agent’s authority.
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Agent Capacity. Wilmington Trust FSB is entering into this Agreement not individually but rather solely in its capacity as the Agent for the Lenders pursuant to the Credit Agreement, and shall have no personal liability to any other party hereto, except in case of its own gross negligence or willful misconduct. This Agreement is entered into in connection with the Credit Agreement and the Agent shall be fully protected in respect of this Agreement as provided in the Credit Agreement.
Agent Capacity. This Debenture is granted to the Holder in its capacity as administrative agent for the Lenders. All of the covenants, representations, warranties, rights, benefits and protections made or given in favour of the Holder hereunder are acknowledged to be for the joint and several benefit of the Holder and each of the Lenders from time to time.
Agent Capacity. Pursuant to an amendment and restatement of the credit agreement between the Borrower and First Union dated June 2, 1998, First Union shall act as agent for itself and other banks named in said amended and restated credit agreement (as such may be amended, supplemented, or amended and restated in the future, together the "Credit Agreement") and not solely on its own behalf. To the extent necessary, First Union and the Borrower hereby agree that the existing interest of First Union as "Mortgagee" under the Agreement, as amended and supplemented, shall be deemed and is hereby assigned to First Union as "Mortgagee" and as Agent for itself and other banks as set forth in the Credit Agreement.
Agent Capacity. Collateral Agent is acting solely as agent for Banks and not in Its personal capacity. Neither Collateral Agent personally nor any of Collateral Agent’s assets shall have any liability hereunder and, in the event of a dispute, Borrower and each of the Banks agree to look solely to any assets or interest of Collateral Agent held on behalf of Banks to satisfy any judgment which may result in such party’s action against Collateral Agent from such dispute. Borrower agrees to exculpate Collateral Agent and Collateral Agent’s personal assets with respect to any claims that Borrower now has or may hereafter have with respect to nay actions taken or omitted by Collateral Agent on behalf of Banks.
Agent Capacity. Except as expressly provided herein or in the Noteholder Documents, U.S. Bank National Association is acting in the capacity of Collateral Agent solely for the Indenture Secured Parties. It is understood and agreed that U.S. Bank National Association is executing, entering into and acting under this Agreement solely in its capacity as Collateral Agent, and the provisions of the Indenture granting or extending any rights, protections, privileges, indemnities and immunities to U.S. Bank National Association in its capacity as Collateral Agent thereunder shall also apply to its acting as Collateral Agent and Controlling Collateral Agent hereunder, as if fully set forth herein. Without limiting the foregoing, in acting as Authorized Representative hereunder, the Collateral Agent may seek and be fully protecting in relying on the direction of the Trustee or Holders holding a majority in aggregate principal amount of the Notes.
Agent Capacity. The Agent is acting solely as agent for Banks and not in Agent’s personal capacity. Neither the Agent personally nor any of the Agent’s assets shall have any liability hereunder and, in the event of a dispute, Borrower and each of Banks agrees to look solely to any assets or interests of the Agent held on behalf of Banks to satisfy any judgment which may result in such party’s action against the Agent from such dispute. Borrower agrees to exculpate the Agent and the Agent’s personal assets with respect to any claims that Borrower now has or may hereafter have with respect to any actions taken or omitted by the Agent on behalf of Banks.
Agent Capacity. The Agent is acting solely as agent for the Holders and not in Agent's personal capacity. Neither the Agent personally nor any of the Agent's assets shall have any liability hereunder except for gross negligence or willful misconduct, and, in the event of a dispute, AFL agrees to look solely to any assets or interests of the Agent held on behalf of the Holders to satisfy any judgment which may result in such party's action against the Agent from such dispute.
Agent Capacity. Except as expressly provided herein or in the Noteholder Documents, U.S. Bank National Association is acting in the capacity of Notes Collateral Agent solely for the Indenture Secured Parties. It is understood and agreed that U.S. Bank National Association is executing, entering into and acting under this Agreement solely in its capacity as Notes Collateral Agent, and the provisions of the Indenture granting or extending any rights, protections, privileges, indemnities and immunities to U.S. Bank National Association in its capacity as Notes Collateral Agent thereunder shall also apply to its acting as Notes Collateral Agent and Controlling Collateral Agent hereunder, as if fully set forth herein. Without limiting the foregoing, in acting as Authorized Representative hereunder, the Notes Collateral Agent may seek and be fully protecting in relying on the direction of the Trustee or Holders holding a majority in aggregate principal amount of the Notes.