Agent's provision Sample Clauses
An Agent's provision clause defines the rights, responsibilities, and authority of an agent acting on behalf of another party, typically a principal, within a contractual relationship. This clause outlines the scope of the agent's powers, such as entering into agreements, making decisions, or handling transactions for the principal, and may specify any limitations or reporting requirements. Its core function is to clearly delineate the agent's role and authority, thereby preventing misunderstandings and disputes regarding the agent's actions and obligations.
Agent's provision. Any reference in this Agreement or any other Finance Document to (i) the Agent acting reasonably, (ii) a matter being in the reasonable opinion of the Agent, (iii) the Agent's approval or consent not being unreasonably withheld or delayed or (iv) any document, report, confirmation or evidence being required to be reasonably satisfactory to the Agent, are to be construed, unless otherwise specified in this Agreement or such other relevant Finance Document, as a reference to the Agent acting on the instructions of the Majority Lenders (or, if the relevant Finance Document stipulates the matter is a decision for any other Lender or group of Lenders, on the instructions of that Lender or group of Lenders) who are acting reasonably, or not being unreasonable in their opinion, or not unreasonably withholding or delaying their consent (as the case may be).
Agent's provision. Any references within this Agreement or any other Finance Document to the Agent or the Security Agent providing approval or consent or making a request, or to an item or a person being acceptable to, satisfactory to, to the satisfaction of or approved by the Agent or the Security Agent, are to be construed, unless otherwise specified, as references to the Agent or the Security Agent taking such action or refraining from acting on the instructions of the Majority Lenders, or any other group of Lenders and reference in this Agreement or any other Finance Document to (i) the Agent or the Security Agent acting reasonably, (ii) a matter being in the reasonable opinion of the Agent or the Security Agent, (iii) the Agent’s or the Security Agent’s approval or consent not being unreasonably withheld or delayed or (iv) any document, report, confirmation or evidence being required to be reasonably satisfactory to the Agent or the Security Agent, are to be construed, unless otherwise specified in this Agreement or such other relevant Finance Document, as the Agent or the Security Agent acting on the instructions of the Majority Lenders who are acting reasonably or not unreasonably withholding or delaying their consent (as the case may be).