Common use of Duties Specified Clause in Contracts

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including, without limitation, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Documentation Agent shall have no powers or duties hereunder except as expressly specified in this Agreement. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is in- tended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Company Pledge Agreement (Owens Illinois Inc /De/)

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Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender's ’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including, including without limitationlimitation the Guaranties, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Collateral DocumentsGuaranties, the Company Guaranty, the O-I Subsidiary Guaranty Collateral Documents and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Documentation Agent Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C and D Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is in- tended intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Group Inc)

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including, including without limitationlimitation the Guaranties, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Collateral DocumentsGuaranties, the Company Guaranty, the O-I Subsidiary Guaranty Collateral Documents and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Documentation Agent Each of the Co-Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is in- tended intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Inc /De/)

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender's ’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including, including without limitationlimitation the Guaranties, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Collateral DocumentsGuaranties, the Company Guaranty, the O-I Subsidiary Guaranty Collateral Documents and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Documentation Agent Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is in- tended intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Inc /De/)

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Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including, including without limitationlimitation the Guaranties, the Collateral Documents, the Company Guaranty, the O-I Subsidiary Guaranty Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Collateral DocumentsGuaranties, the Company Guaranty, the O-I Subsidiary Guaranty Collateral Documents and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Documentation Agent Each of the Co-Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of "Senior Managing Agents" and "Co-Documentation Agents" provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is in- tended intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Oi Levis Park STS Inc)

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