Common use of Employment of Administrative Agents and Counsel Clause in Contracts

Employment of Administrative Agents and Counsel. Each of the Co-Arrangers may execute any of its duties as Administrative Agent or Syndication Agent (as the case may be) hereunder and under any other Loan Document by or through employees, agents and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. As between each of the Co-Arrangers, on the one hand, and the Lenders, on the other hand, such Co-Arranger shall be entitled to engage and rely upon advice of legal counsel (including the Borrower's counsel), independent accountants and other professionals and experts selected by the such Co-Arranger concerning all matters pertaining to its agency hereby created and its duties hereunder and under any other Loan Document.

Appears in 1 contract

Sources: Term Credit Agreement (General Growth Properties Inc)

Employment of Administrative Agents and Counsel. Each of the Co-Co- Arrangers may execute any of its duties as Administrative Agent, Documentation Agent or Syndication Agent (as the case may be) hereunder and under any other Loan Document by or through employees, agents and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. As between each of the Co-Arrangers, on the one hand, and the Lenders, on the other hand, such Co-Co- Arranger shall be entitled to engage and rely upon advice of legal counsel (including the Borrower's counsel), independent accountants and other professionals and experts selected by the such Co-Arranger concerning all matters pertaining to its agency hereby created and its duties hereunder and under any other Loan Document.

Appears in 1 contract

Sources: Revolving Credit Agreement (General Growth Properties Inc)

Employment of Administrative Agents and Counsel. Each of the Co-Co- ----------------------------------------------- Arrangers may execute any of its duties as Administrative Agent or Syndication Agent (as the case may be) hereunder and under any other Loan Document by or through employees, agents and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. As between each of the Co-Arrangers, on the one hand, and the Lenders, on the other hand, such Co-Arranger shall be entitled to engage and rely upon advice of legal counsel (including the Borrower's counsel), independent accountants and other professionals and experts selected by the such Co-Arranger concerning all matters pertaining to its agency hereby created and its duties hereunder and under any other Loan Document.

Appears in 1 contract

Sources: Revolving Credit Agreement (General Growth Properties Inc)