{"component": "clause", "props": {"groups": [{"snippet": "Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.", "samples": [{"hash": "iNB2ckKIS7M", "uri": "/contracts/iNB2ckKIS7M#appointment", "label": "Term Loan Credit Agreement (Air Lease Corp)", "score": 37.2655715942, "published": true}, {"hash": "8svLRxqrfJ3", "uri": "/contracts/8svLRxqrfJ3#appointment", "label": "First Amendment (Air Lease Corp)", "score": 37.2655715942, "published": true}, {"hash": "aTpa3ectlsU", "uri": "/contracts/aTpa3ectlsU#appointment", "label": "Credit Agreement (Beazer Homes Usa Inc)", "score": 37.2053375244, "published": true}], "size": 1139, "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "the-administrative-agent", "type": "definition", "offset": [55, 79]}, {"key": "the-agent", "type": "clause", "offset": [83, 92]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [119, 157]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [291, 319]}, {"key": "to-exercise", "type": "clause", "offset": [353, 364]}, {"key": "administrative-agent-by", "type": "definition", "offset": [435, 458]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [463, 486]}, {"key": "other-powers", "type": "clause", "offset": [536, 548]}, {"key": "notwithstanding-any-provision", "type": "clause", "offset": [587, 616]}, {"key": "in-this-agreement", "type": "definition", "offset": [643, 660]}, {"key": "agent-shall", "type": "definition", "offset": [681, 692]}, {"key": "fiduciary-relationship", "type": "clause", "offset": [782, 804]}, {"key": "no-implied-covenants", "type": "clause", "offset": [826, 846]}, {"key": "agreement-or", "type": "definition", "offset": [936, 948]}], "hash": "827d0145f2772db5d052643ac9af13d7", "id": 1}, {"snippet": "(a) Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.\n(b) The Administrative Agent shall also act as the \u201ccollateral agent\u201d under the Loan Documents, and each of the Lenders (including in its capacities as a party to a Specified Hedge Agreement or Specified Cash Management Agreement) and the Issuing Lender hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the Issuing Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties pursuant to the Guarantee and Collateral Agreement, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as \u201ccollateral agent\u201d and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.2 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Guarantee and Collateral Agreement, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Section 9 and Section 10 (including Section 9.7, as though such co-agents, sub-agents and attorneys-in-fact were the \u201ccollateral agent\u201d under the Guarantee and Collateral Agreement) as if set forth in full herein with respect thereto.", "samples": [{"hash": "gEto6npnpcR", "uri": "/contracts/gEto6npnpcR#appointment", "label": "Credit Agreement (Cco Holdings LLC)", "score": 34.2375068665, "published": true}, {"hash": "192XS5JIDBf", "uri": "/contracts/192XS5JIDBf#appointment", "label": "Credit Agreement (Cco Holdings Capital Corp)", "score": 30.8261470795, "published": true}, {"hash": "1R1npBr1oiB", "uri": "/contracts/1R1npBr1oiB#appointment", "label": "Restatement Agreement (Charter Communications, Inc. /Mo/)", "score": 30.3251190186, "published": true}], "size": 886, "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "the-administrative-agent", "type": "definition", "offset": [59, 83]}, {"key": "the-agent", "type": "clause", "offset": [87, 96]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [123, 161]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [295, 323]}, {"key": "to-exercise", "type": "clause", "offset": [357, 368]}, {"key": "administrative-agent-by", "type": "definition", "offset": [439, 462]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [467, 490]}, {"key": "other-powers", "type": "clause", "offset": [540, 552]}, {"key": "notwithstanding-any-provision", "type": "clause", "offset": [591, 620]}, {"key": "in-this-agreement", "type": "definition", "offset": [647, 664]}, {"key": "agent-shall", "type": "definition", "offset": [685, 696]}, {"key": "fiduciary-relationship", "type": "clause", "offset": [786, 808]}, {"key": "no-implied-covenants", "type": "clause", "offset": [830, 850]}, {"key": "agreement-or", "type": "definition", "offset": [940, 952]}, {"key": "collateral-agent", "type": "definition", "offset": [1082, 1098]}, {"key": "the-loan-documents", "type": "clause", "offset": [1106, 1124]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [1130, 1149]}, {"key": "a-party", "type": "clause", "offset": [1182, 1189]}, {"key": "specified-hedge-agreement", "type": "clause", "offset": [1195, 1220]}, {"key": "specified-cash-management-agreement", "type": "definition", "offset": [1224, 1259]}, {"key": "the-issuing-lender", "type": "clause", "offset": [1265, 1283]}, {"key": "administrative-agent-to-act", "type": "clause", "offset": [1331, 1358]}, {"key": "for-purposes-of", "type": "clause", "offset": [1410, 1425]}, {"key": "granted-by", "type": "definition", "offset": [1491, 1501]}, {"key": "the-loan-parties", "type": "definition", "offset": [1509, 1525]}, {"key": "guarantee-and-collateral-agreement", "type": "definition", "offset": [1542, 1576]}, {"key": "agents-and-attorneys", "type": "clause", "offset": [1748, 1768]}, {"key": "section-92", "type": "clause", "offset": [1827, 1838]}, {"key": "the-collateral", "type": "clause", "offset": [1888, 1902]}, {"key": "rights-and-remedies", "type": "definition", "offset": [2004, 2023]}, {"key": "benefits-of", "type": "clause", "offset": [2107, 2118]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [2123, 2149]}, {"key": "section-10", "type": "definition", "offset": [2156, 2166]}, {"key": "section-97", "type": "clause", "offset": [2178, 2189]}], "hash": "4b29a63f20e2662ccce82bf69d6a69de", "id": 2}, {"snippet": "Adviser hereby appoints the Subadviser to furnish certain investment advisory services with respect to each Fund for the period and on the terms set forth in this Agreement. The Subadviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.", "samples": [{"hash": "klhdg1Q5szx", "uri": "/contracts/klhdg1Q5szx#appointment", "label": "Investment Sub Advisory Agreement (T. Rowe Price Exchange-Traded Funds, Inc.)", "score": 34.3264884949, "published": true}, {"hash": "f1vHrs1WNOY", "uri": "/contracts/f1vHrs1WNOY#appointment", "label": "Investment Sub Advisory Agreement (T. Rowe Price Exchange-Traded Funds, Inc.)", "score": 34.3264884949, "published": true}, {"hash": "dtuFqYX78yC", "uri": "/contracts/dtuFqYX78yC#appointment", "label": "Investment Sub Advisory Agreement (T. 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The Adviser accepts such appointment and agrees to furnish the services herein set forth, for the compensation herein provided.", "samples": [{"hash": "laVACCojToZ", "uri": "/contracts/laVACCojToZ#appointment", "label": "Investment Advisory Agreement (Integrity Funds)", "score": 32.3278579712, "published": true}, {"hash": "fHh7wAdof1c", "uri": "/contracts/fHh7wAdof1c#appointment", "label": "Investment Advisory Agreement (Integrity Funds)", "score": 29.0533885956, "published": true}, {"hash": "dyYbUCvkUHj", "uri": "/contracts/dyYbUCvkUHj#appointment", "label": "Investment Advisory Agreement (Integrity Funds)", "score": 28.6372356415, "published": true}], "size": 783, "snippet_links": [{"key": "the-trust", "type": "clause", "offset": [0, 9]}, {"key": "the-adviser", "type": "definition", "offset": [26, 37]}, {"key": "to-act", "type": "definition", "offset": [38, 44]}, {"key": "investment-adviser", "type": "clause", "offset": [48, 66]}, {"key": "to-the-fund", "type": "definition", "offset": [67, 78]}, {"key": "the-terms", "type": "definition", "offset": [102, 111]}, {"key": "in-this-agreement", "type": "definition", "offset": [122, 139]}, {"key": "agrees-to", "type": "clause", "offset": [182, 191]}, {"key": "the-services", "type": "definition", "offset": [200, 212]}, {"key": "the-compensation", "type": "clause", "offset": [235, 251]}], "hash": "85cf765b02ff4a9626cb4d85182f825d", "id": 5}, {"snippet": "The Company hereby appoints the Advisor to serve as its advisor on the terms and conditions set forth in this Agreement, and the Advisor hereby accepts such appointment.", "samples": [{"hash": "eq1jLBXh7Yw", "uri": "/contracts/eq1jLBXh7Yw#appointment", "label": "Advisory Agreement (Lightstone Value Plus REIT V, Inc.)", "score": 34.2347717285, "published": true}, {"hash": "lKq0ZSVC0jE", "uri": "/contracts/lKq0ZSVC0jE#appointment", "label": "Advisory Agreement (NRI Real Estate Investment & Technology, Inc.)", "score": 33.7638587952, "published": true}, {"hash": "3vr4TKceNIl", "uri": "/contracts/3vr4TKceNIl#appointment", "label": "Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)", "score": 33.6954154968, "published": true}], "size": 661, "snippet_links": [{"key": "the-company-hereby", "type": "clause", "offset": [0, 18]}, {"key": "the-advisor", "type": "definition", "offset": [28, 39]}, {"key": "to-serve", "type": "definition", "offset": [40, 48]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [67, 91]}, {"key": "in-this-agreement", "type": "definition", "offset": [102, 119]}], "hash": "ea14e106604819be5c8a67af364ea932", "id": 6}, {"snippet": "The Trust and the Adviser hereby appoint the Sub-Adviser to act as investment sub-adviser to the Fund with respect to the portion of the Fund\u2019s assets allocated, from time to time, by the Adviser to the Sub-Adviser (the \u201cPortfolio\u201d), for the periods and on the terms set forth herein. The Sub-Adviser accepts the appointment and agrees to furnish the services set forth herein for the compensation provided in Section 7 of this Agreement.", "samples": [{"hash": "ks25YnKfK8E", "uri": "/contracts/ks25YnKfK8E#appointment", "label": "Investment Sub Advisory Agreement (Fidelity Rutland Square Trust II)", "score": 35.3093757629, "published": true}, {"hash": "kpi2Wl2XmbC", "uri": "/contracts/kpi2Wl2XmbC#appointment", "label": "Investment Sub Advisory Agreement (Fidelity Rutland Square Trust II)", "score": 35.3093757629, "published": true}, {"hash": "jnqqZeIr3zZ", "uri": "/contracts/jnqqZeIr3zZ#appointment", "label": "Investment Sub Advisory Agreement (Fidelity Rutland Square Trust II)", "score": 35.3093757629, "published": true}], "size": 799, "snippet_links": [{"key": "the-trust", "type": "clause", "offset": [0, 9]}, {"key": "the-sub", "type": "clause", "offset": [41, 48]}, {"key": "to-act", "type": "definition", "offset": [57, 63]}, {"key": "to-the-fund", "type": "definition", "offset": [90, 101]}, {"key": "with-respect-to", "type": "clause", "offset": [102, 117]}, {"key": "from-time-to-time", "type": "clause", "offset": [162, 179]}, {"key": "by-the-adviser", "type": "clause", "offset": [181, 195]}, {"key": "the-terms", "type": "definition", "offset": [257, 266]}, {"key": "the-appointment", "type": "clause", "offset": [309, 324]}, {"key": "agrees-to", "type": "clause", "offset": [329, 338]}, {"key": "the-services", "type": "definition", "offset": [347, 359]}, {"key": "the-compensation", "type": "clause", "offset": [381, 397]}, {"key": "section-7", "type": "definition", "offset": [410, 419]}, {"key": "this-agreement", "type": "clause", "offset": [423, 437]}], "hash": "91422c17bb43a5e90a778777e2fa74df", "id": 4}, {"snippet": "Manager hereby appoints Sub-Adviser to provide certain sub-investment advisory services to the Fund for the period and on the terms set forth in this Agreement. Sub-Adviser accepts such appointment and agrees to furnish the services herein set forth for the compensation herein provided.", "samples": [{"hash": "8b9OpO0lLKl", "uri": "/contracts/8b9OpO0lLKl#appointment", "label": "Investment Sub Advisory Agreement (Nuveen Enhanced CLO Income Fund)", "score": 34.9644088745, "published": true}, {"hash": "RYl3rxfbzS", "uri": "/contracts/RYl3rxfbzS#appointment", "label": "Investment Sub Advisory Agreement (Nuveen Enhanced CLO Income Fund)", "score": 34.0143737793, "published": true}, {"hash": "3GVOxKtuEh9", "uri": "/contracts/3GVOxKtuEh9#appointment", "label": "Investment Sub Advisory Agreement (Nuveen Floating Rate Income Fund)", "score": 32.081451416, "published": true}], "size": 572, "snippet_links": [{"key": "to-provide", "type": "definition", "offset": [36, 46]}, {"key": "services-to-the-fund", "type": "clause", "offset": [79, 99]}, {"key": "the-period", "type": "clause", "offset": [104, 114]}, {"key": "the-terms", "type": "definition", "offset": [122, 131]}, {"key": "in-this-agreement", "type": "definition", "offset": [142, 159]}, {"key": "agrees-to", "type": "clause", "offset": [202, 211]}, {"key": "the-services", "type": "definition", "offset": [220, 232]}, {"key": "the-compensation", "type": "clause", "offset": [254, 270]}], "hash": "58dac08bb6aaab280af21a1e3394aad9", "id": 7}, {"snippet": "Each Lender and each Agent hereby irrevocably designates and appoints DBNY as Administrative Agent hereunder and under the other Transaction Documents, and authorizes the Administrative Agent to take such action on its behalf under the provisions of this Agreement and the other Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Transaction Documents, together with such other powers as are reasonably incidental thereto. Each Lender in each Lender Group hereby irrevocably designates and appoints the Agent for such Lender Group as the agent of such Lender under this Agreement, and each such Lender irrevocably authorizes such Agent, as the agent for such Lender, to take such action on its behalf under the provisions of this Agreement and the other Transaction Documents and to exercise such powers and perform such duties thereunder as are expressly delegated to such Agent by the terms of this Agreement and the other Transaction Documents, together with such other powers as are reasonably incidental thereto. The Administrative Agent shall promptly deliver, but in any event no later than the following Business Day, a copy of any notice, certificate, report or other documents received by it in its capacity as Administrative Agent to each Agent. Notwithstanding any provision to the contrary elsewhere in this Agreement, neither the Administrative Agent nor any Agent (the Administrative Agent and each Agent being referred to in this Article as a \u201cNote Agent\u201d) shall have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against any Note Agent.", "samples": [{"hash": "cIbQzFF5tao", "uri": "/contracts/cIbQzFF5tao#appointment", "label": "Loan Financing and Servicing Agreement (FS Investment Corp III)", "score": 26.1902809143, "published": true}, {"hash": "9deCWd2BFiw", "uri": "/contracts/9deCWd2BFiw#appointment", "label": "Loan Financing and Servicing Agreement (FS Investment Corp III)", "score": 25.9336071014, "published": true}, {"hash": "bNsRijWCWt", "uri": "/contracts/bNsRijWCWt#appointment", "label": "Loan Financing and Servicing Agreement (Business Development Corp of America)", "score": 25.2108154297, "published": true}], "size": 516, "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "agent-hereunder", "type": "clause", "offset": [93, 108]}, {"key": "other-transaction-documents", "type": "definition", "offset": [123, 150]}, {"key": "the-administrative-agent", "type": "definition", "offset": [167, 191]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [236, 264]}, {"key": "to-exercise", "type": "clause", "offset": [305, 316]}, {"key": "administrative-agent-by", "type": "definition", "offset": [387, 410]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [415, 438]}, {"key": "other-powers", "type": "clause", "offset": [495, 507]}, {"key": "lender-group", "type": "definition", "offset": [566, 578]}, {"key": "the-agent", "type": "clause", "offset": [622, 631]}, {"key": "agent-shall", "type": "definition", "offset": [1160, 1171]}, {"key": "following-business-day", "type": "definition", "offset": [1225, 1247]}, {"key": "a-copy-of", "type": "clause", "offset": [1249, 1258]}, {"key": "any-notice", "type": "definition", "offset": [1259, 1269]}, {"key": "received-by", "type": "definition", "offset": [1310, 1321]}, {"key": "notwithstanding-any-provision", "type": "clause", "offset": [1380, 1409]}, {"key": "in-this-agreement", "type": "definition", "offset": [1436, 1453]}, {"key": "this-article", "type": "definition", "offset": [1564, 1576]}, {"key": "note-agent", "type": "definition", "offset": [1583, 1593]}, {"key": "fiduciary-relationship", "type": "clause", "offset": [1687, 1709]}, {"key": "no-implied-covenants", "type": "clause", "offset": [1731, 1751]}, {"key": "agreement-or", "type": "definition", "offset": [1841, 1853]}], "hash": "f049601da49607bd0448e365cc090710", "id": 9}, {"snippet": "The Trust hereby appoints the Custodian as custodian of all Securities and cash owned by or in the possession of the Fund at any time during the period of this Agreement, on the terms and conditions set forth in this Agreement, and the Custodian hereby accepts such appointment and agrees to perform the services and duties set forth in this Agreement. The Trust hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities with respect to the Fund\u2019s Foreign Securities, and the Custodian hereby accepts such delegation as foreign custody manager with respect to the Fund. The services and duties of the Custodian shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against the Custodian hereunder.", "samples": [{"hash": "ihsMhpAq1gi", "uri": "/contracts/ihsMhpAq1gi#appointment", "label": "Custody Agreement (Monetta Trust)", "score": 37.3039016724, "published": true}, {"hash": "dH7UYDuP9w1", "uri": "/contracts/dH7UYDuP9w1#appointment", "label": "Etf Custody Agreement (Exchange Listed Funds Trust)", "score": 37.2409324646, "published": true}, {"hash": "h18fIOGQZQ6", "uri": "/contracts/h18fIOGQZQ6#appointment", "label": "Custody Agreement (Tidal Trust V)", "score": 37.2327156067, "published": true}], "size": 503, "snippet_links": [{"key": "the-trust", "type": "clause", "offset": [0, 9]}, {"key": "securities-and-cash", "type": "clause", "offset": [60, 79]}, {"key": "owned-by", "type": "definition", "offset": [80, 88]}, {"key": "possession-of-the", "type": "clause", "offset": [99, 116]}, {"key": "at-any-time", "type": "clause", "offset": [122, 133]}, {"key": "period-of-this-agreement", "type": "clause", "offset": [145, 169]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [174, 198]}, {"key": "in-this-agreement", "type": "definition", "offset": [209, 226]}, {"key": "agrees-to", "type": "clause", "offset": [282, 291]}, {"key": "services-and-duties", "type": "clause", "offset": [304, 323]}, {"key": "to-the-custodian", "type": "clause", "offset": [380, 396]}, {"key": "subject-to", "type": "definition", "offset": [398, 408]}, {"key": "the-responsibilities", "type": "clause", "offset": [424, 444]}, {"key": "with-respect-to-the-fund", "type": "clause", "offset": [445, 469]}, {"key": "foreign-securities", "type": "definition", "offset": [472, 490]}, {"key": "as-foreign-custody-manager", "type": "clause", "offset": [541, 567]}, {"key": "duties-of-the-custodian", "type": "clause", "offset": [611, 634]}, {"key": "no-implied-duties", "type": "clause", "offset": [702, 719]}], "hash": "936ec670d123c8392a2f981bc35446e3", "id": 10}, {"snippet": "The Fund hereby appoints the Investment Adviser to act as investment adviser for the Portfolio for the period and on the terms set forth in this Agreement. The Investment Adviser accepts such appointment and agrees to render the services herein set forth for the compensation herein provided.", "samples": [{"hash": "5aJSZC7CvGm", "uri": "/contracts/5aJSZC7CvGm#appointment", "label": "Investment Advisory Agreement (RBB Fund Trust)", "score": 34.8877487183, "published": true}, {"hash": "lG3ILuuU51P", "uri": "/contracts/lG3ILuuU51P#appointment", "label": "Investment Advisory Agreement (RBB Fund, Inc.)", "score": 34.8302536011, "published": true}, {"hash": "eDxNcHqhUoR", "uri": "/contracts/eDxNcHqhUoR#appointment", "label": "Investment Advisory Agreement (RBB Fund, Inc.)", "score": 34.7262153625, "published": true}], "size": 530, "snippet_links": [{"key": "the-fund", "type": "clause", "offset": [0, 8]}, {"key": "the-investment-adviser", "type": "clause", "offset": [25, 47]}, {"key": "to-act", "type": "definition", "offset": [48, 54]}, {"key": "the-portfolio", "type": "clause", "offset": [81, 94]}, {"key": "the-period", "type": "clause", "offset": [99, 109]}, {"key": "the-terms", "type": "definition", "offset": [117, 126]}, {"key": "in-this-agreement", "type": "definition", "offset": [137, 154]}, {"key": "agrees-to", "type": "clause", "offset": [208, 217]}, {"key": "the-services", "type": "definition", "offset": [225, 237]}, {"key": "the-compensation", "type": "clause", "offset": [259, 275]}], "hash": "8e68c4a09c5a1002d8df7be6dc5095c0", "id": 8}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRhcHBvaW50bWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Appointment", "size": 56331, "children": [["", ""], ["appointment-of-agents", "Appointment of Agents"], ["records", "Records"], ["notices", "Notices"], ["governing-law", "Governing Law"]], "parents": [["miscellaneous", "Miscellaneous"], ["the-agents", "The Agents"], ["the-administrative-agent", "The Administrative Agent"], ["the-agent", "The Agent"], ["certain-definitions", "CERTAIN DEFINITIONS"]], "id": "appointment", "related": [["appointment-of-a-receiver", "Appointment of a Receiver", "<strong>Appointment</strong> of a Receiver"], ["appointment-of-mediator", "Appointment of mediator", "<strong>Appointment</strong> of mediator"], ["reappointment", "Reappointment", "Reappointment"], ["appointment-of-custodian", "Appointment of Custodian", "<strong>Appointment</strong> of Custodian"], ["appointment-of-asset-manager-acceptance-of-appointment", "Appointment of Asset Manager; Acceptance of Appointment", "<strong>Appointment</strong> of Asset Manager; Acceptance of <strong>Appointment</strong>"]], "related_snippets": [], "updated": "2026-04-29T04:23:30+00:00", "also_ask": ["What are the essential elements to include in an Appointment clause to ensure clarity and enforceability?", "How can the Appointment clause be strategically drafted to maximize the client's control or flexibility?", "What are the most common risks or pitfalls in Appointment clauses that could undermine the intended relationship?", "How do Appointment clauses differ across jurisdictions or under different governing laws?", "What factors do courts consider when determining the validity and enforceability of an Appointment clause?"], "drafting_tip": "Specify the parties and roles to prevent confusion; define the effective date to ensure clarity on commencement; outline termination conditions to manage expectations.", "explanation": "The Appointment clause establishes the formal designation of a party to perform specific roles or services under an agreement. Typically, it identifies the appointee (such as an agent, distributor, or representative) and outlines the scope, duration, and any exclusivity of the appointment. For example, it may specify that a company is appointing a distributor to sell its products within a certain territory for a defined period. The core function of this clause is to clearly define the relationship and responsibilities between the parties, thereby preventing misunderstandings and ensuring both sides are aware of their obligations and rights."}, "json": true, "cursor": ""}}