Common use of Appointment and Authorization of Administrative Agent Clause in Contracts

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes it to take such actions on its behalf and to exercise such powers as are delegated to it by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Assignment and Assumption (Cummins Inc), Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc)

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Appointment and Authorization of Administrative Agent. Each of the Lenders and the each Issuing Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes it to take such actions on its behalf and to exercise such powers as are delegated to it by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc), Assignment and Assumption (Cummins Inc)

Appointment and Authorization of Administrative Agent. (a) Each of the Lenders and the Issuing Bank Lender hereby irrevocably appoints the appoints, designates and authorizes Administrative Agent as its agent and authorizes it to take such actions action on its behalf under the provisions of this Agreement and each other Loan Document, and to exercise such powers and perform such duties, as are expressly delegated to it by the terms of the this Agreement and any other Loan DocumentsDocument, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors to serve as its agent Administrative Agent under this Agreement and the other Loan Documents, and authorizes it the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to it the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Essential Utilities, Inc.)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank Lender hereby irrevocably appoints the appoints, designates and authorizes Administrative Agent as its agent and authorizes it to take such actions action on its behalf under the provisions of this Agreement and each other Loan Document, and to exercise such powers and perform such duties, as are expressly delegated to it by the terms of the this Agreement and any other Loan DocumentsDocument, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes it to take such actions on its behalf and to exercise such powers as are delegated to it by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Cummins Inc), Day Credit Agreement (Cummins Inc)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank Lender hereby irrevocably appoints Xxxxxx X.X. as the Administrative Agent as its agent under the Loan Documents and hereby authorizes it the Administrative Agent to take such actions action as the Administrative Agent on its behalf and to exercise such powers under the Loan Documents as are delegated to it the Administrative Agent by the terms of the Loan Documentsthereof, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co)

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Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank Lender hereby irrevocably appoints appoints, designates and authorizes the Administrative Agent as its agent and authorizes it to take such actions action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of the this Agreement or any other Loan DocumentsDocument, together with such actions and powers as are reasonably incidental thereto.incidental

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank Banks hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors to serve as its agent Administrative Agent under this Agreement and the other Loan Documents, and authorizes it the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to it the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Aqua America Inc)

Appointment and Authorization of Administrative Agent. Each of the Lenders and the Issuing Bank hereby irrevocably appoints Gxxxxxx Sxxxx Credit Partners L.P. as the Administrative Agent as its agent under the Credit Documents and hereby authorizes it the Administrative Agent to take such actions action as the Administrative Agent and on each of its behalf and to exercise such powers under the Credit Documents as are delegated to it the Administrative Agent, respectively, by the terms of the Loan Documentsthereof, together with such actions and powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Assignment Agreement (Noble Corp)

Appointment and Authorization of Administrative Agent. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any assignee of any of its interests in the Lenders Credit Documents (other than the holder of a participation in its interests herein or therein) to appoint and the Issuing Bank hereby irrevocably appoints authorize the Administrative Agent as its agent and authorizes it to take such actions as agent on its behalf and to exercise such powers under the Credit Documents as are delegated to it the Administrative Agent by such Lender by the terms of the Loan Documentshereof, together with such actions and powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Revolving Facility Credit Agreement (Royal Gold Inc)

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