Common use of Appointment Authority Clause in Contracts

Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Credit Suisse AG as the Administrative Agent hereunder and under the other Loan Documents and authorizes Credit Suisse AG, in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to Credit Suisse AG, in such capacity, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

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Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Credit Suisse AG as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and authorizes Credit Suisse AG, in such capacitycapacities, to take such actions on its behalf and to exercise such powers as are delegated to Credit Suisse AG, in such capacitycapacities, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Each Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative AgentAgents, the Lenders and the Issuing Banks, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Credit Suisse AG as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents and authorizes Credit Suisse AG, in such capacitycapacities, to take such actions on its behalf and to exercise such powers as are delegated to Credit Suisse AG, in such capacitycapacities, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Each Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative each Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative AgentAgents, the Lenders and the Issuing Banks, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

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Appointment Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints Credit Suisse AG Citibank, N.A. as the Administrative Agent hereunder and under the other Loan Documents and authorizes Credit Suisse AGCitibank, N.A., in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to Credit Suisse AGCitibank, N.A., in such capacity, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers Borrower or any of their Subsidiaries. The provisions of this Section 9 are solely for the benefit of the Administrative Agent, the Lenders Agent and the Issuing BanksLenders, and Holdings, U.S. Holdings, Canada Holdings, Canada Intermediate Holdings, U.S. XxxXx, the Co-Borrowers Borrower and their Subsidiaries shall not have rights as a third party beneficiary of any of such provisions.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Taylor Morrison Home Corp)

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