Managing Agents. (a) Each Lender hereby designates and appoints the Managing Agent for such Lender’s Lender Group as its Managing Agent hereunder, and authorizes such Managing Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Managing Agents by the terms of this Agreement together with such powers as are reasonably incidental thereto. No Managing Agent 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 on the part of the applicable Managing Agent shall be read into this Agreement or otherwise exist for the applicable Managing Agent. In performing its functions and duties hereunder, each Managing Agent shall act solely as agent for the Lenders in the related Lender Group and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for the Borrower or any of its successors or assigns. No Managing Agent shall be required to take any action that exposes it to personal liability or that is contrary to this Agreement, the other Facility Documents or Applicable Law. The appointment and authority of each Managing Agent hereunder shall terminate at the payment in full of the Obligations and the termination of the Commitments hereunder.
Managing Agents. Each Purchaser Group shall designate a “Managing Agent” hereunder, which Managing Agent shall become a party to this Agreement. Unless otherwise notified in writing to the contrary by the applicable Purchaser, the Agent and the Seller Parties shall provide all notices and payments specified to be made by the Agent or any Seller Party to a Purchaser hereunder to such Purchaser’s Managing Agent, if any, for the benefit of such Purchaser, instead of to such Purchaser. Each Managing Agent may perform any of the obligations of, or exercise any of the rights of, any member of its Purchaser Group and such performance or exercise shall constitute performance of the obligations of, or exercise of the rights of, such member hereunder. Each member of the BTMU Conduit’s Purchaser Group hereby designates BTMUNY, and BTMUNY hereby agrees to perform the duties and obligations of, such Purchaser Group’s Managing Agent.
Managing Agents. The insurance under this section extends to include interruption of or interference with the business in consequence of damage to property at the premises of any managing agents employed or engaged to collect rent receivable, provided that:
Managing Agents. 21.9.1 The Borrower shall not (and shall procure that no Obligor, PropCo or Xxxxxx shall) appoint any managing agent for the management of the Property or otherwise without the prior consent of and on terms approved by the Agent.
Managing Agents. THE CHASE MANHATTAN BANK By: Name: Title: FIRST UNION NATIONAL BANK By: Name: Title: LENDERS: WXXXX FARGO BANK TEXAS, NATIONAL ASSOCIATION By:
Managing Agents. 22.8.1 No Obligor shall without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed):
Managing Agents. No Obligor may appoint any Managing Agent without the prior consent of, and on terms approved by, the Agent (acting on the instructions of the Majority Lenders).
Managing Agents. 58 Section 13.1 Managing Agents ................................................................................. 58 ARTICLE XIV. MISCELLANEOUS ........................................................................... 58
Managing Agents. 14 Margin......................................................................... 14
Managing Agents. The PURCHASER agrees to appoint the managing agent referred to in paragraph 1.11 of the AGREEMENT, as the managing agent for the SCHEME, as provided for in Section 46 of the Management Rules, set out in Annexure 8 of the ACT. The PURCHASER irrevocably nominates, constitutes, and appoints the SELLER to call any meeting of the BODY CORPORATE required for the purposes of appointing a managing agent, on the PURCHASER’s behalf, and to vote in favour of appointing the managing agent referred to in paragraph 1.11 of the AGREEMENT.
