Appointment of Facility Agent. Each Financier appoints the Facility Agent to act as its agent under the Finance Documents and authorises the Facility Agent to do the following on its behalf:
Appointment of Facility Agent. Each Finance Party (except the Facility Agent) appoints the Facility Agent to act as its agent in connection with the Finance Documents to which the Facility Agent is a party, and authorises the Facility Agent to exercise such rights, remedies, powers and discretions as are specifically delegated to it by the terms of this Agreement and the Finance Documents, together with all reasonably incidental rights, powers and discretions. The Obligors shall be entitled to assume that the Facility Agent represents the Finance Parties (except the Facility Agent), the Reference Banks or the Majority Banks (as the case may be), and that all consents and notices given by the Facility Agent on their behalf are validly given.
Appointment of Facility Agent. Each Beneficiary hereby irrevocably appoints the Facility Agent as its facility agent for the purposes of this Agreement and the other Transaction Documents on the terms set out in this clause 22. By virtue of that appointment, each Beneficiary hereby irrevocably authorises the Facility Agent (whether or not by or through employees or agents) to take such action on that Beneficiary’s behalf and, if necessary or appropriate under Applicable Law, in that Beneficiary’s name, and to exercise such rights, remedies, powers and discretions, as are specifically delegated to the Facility Agent by this Agreement and the other Transaction Documents or any of them, together with such action, powers, rights, remedies and discretions as are reasonably incidental thereto.
Appointment of Facility Agent. Each of the Lenders irrevocably appoints and authorizes the Facility Agent to take such action as facility agent on its behalf and to exercise such powers under this Agreement, the Note and the other Transaction Documents as are delegated to the Facility Agent by the terms hereof and thereof. Neither the Facility Agent nor any of its directors, officers, employees or agents shall be liable for any action taken or omitted to be taken by it or them under this Agreement, the Note or the other Transaction Documents or in connection therewith, except for its or their own gross negligence or willful misconduct.