{"component": "clause", "props": {"groups": [{"size": 5, "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [4, 15]}, {"key": "lender-group", "type": "definition", "offset": [84, 96]}, {"key": "agent-hereunder", "type": "clause", "offset": [113, 128]}, {"key": "actions-as-agent", "type": "clause", "offset": [178, 194]}, {"key": "to-exercise", "type": "clause", "offset": [213, 224]}, {"key": "the-managing-agents", "type": "clause", "offset": [257, 276]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [284, 307]}, {"key": "agent-shall", "type": "definition", "offset": [384, 395]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [481, 503]}, {"key": "no-implied-covenants", "type": "clause", "offset": [525, 545]}, {"key": "the-applicable", "type": "clause", "offset": [626, 640]}, {"key": "agreement-or", "type": "definition", "offset": [680, 692]}, {"key": "functions-and-duties", "type": "clause", "offset": [762, 782]}, {"key": "the-lenders", "type": "clause", "offset": [844, 855]}, {"key": "for-the-borrower", "type": "clause", "offset": [998, 1014]}, {"key": "successors-or-assigns", "type": "definition", "offset": [1029, 1050]}, {"key": "any-action", "type": "definition", "offset": [1096, 1106]}, {"key": "personal-liability", "type": "definition", "offset": [1126, 1144]}, {"key": "to-this-agreement", "type": "clause", "offset": [1165, 1182]}, {"key": "other-facility-documents", "type": "clause", "offset": [1188, 1212]}, {"key": "applicable-law", "type": "clause", "offset": [1216, 1230]}, {"key": "appointment-and-authority", "type": "clause", "offset": [1236, 1261]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [1318, 1352]}, {"key": "termination-of-the-commitments", "type": "clause", "offset": [1361, 1391]}, {"key": "each-person", "type": "clause", "offset": [1407, 1418]}, {"key": "rights-and-powers", "type": "clause", "offset": [1477, 1494]}, {"key": "a-lender", "type": 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"clause", "offset": [2574, 2593]}, {"key": "to-the-borrower", "type": "definition", "offset": [2620, 2635]}, {"key": "by-the-bank", "type": "clause", "offset": [2697, 2708]}, {"key": "any-capacity", "type": "definition", "offset": [2763, 2775]}, {"key": "action-taken", "type": "definition", "offset": [2822, 2834]}, {"key": "the-request", "type": "clause", "offset": [2877, 2888]}, {"key": "members-of", "type": "clause", "offset": [2904, 2914]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [2962, 3000]}, {"key": "knowledge-of", "type": "definition", "offset": [3047, 3059]}, {"key": "notice-thereof", "type": "clause", "offset": [3106, 3120]}, {"key": "the-borrower-representative", "type": "clause", "offset": [3153, 3180]}, {"key": "responsible-for", "type": "clause", "offset": [3254, 3269]}, {"key": "in-connection-with", "type": "clause", "offset": [3373, 3391]}, {"key": "other-document", "type": "definition", "offset": [3487, 3501]}, {"key": "the-performance", "type": "clause", "offset": [3582, 3597]}, {"key": "the-covenants", "type": "clause", "offset": [3622, 3635]}, {"key": "other-terms-or-conditions", "type": "clause", "offset": [3651, 3676]}, {"key": "any-other-agreement", "type": "definition", "offset": [3820, 3839]}, {"key": "satisfaction-of", "type": "clause", "offset": [3876, 3891]}, {"key": "article-iii", "type": "clause", "offset": [3919, 3930]}, {"key": "receipt-of-items", "type": "clause", "offset": [3985, 4001]}, {"key": "at-any-time", "type": "clause", "offset": [4118, 4129]}, {"key": "business-days", "type": "definition", "offset": [4159, 4172]}, {"key": "notice-to-the", "type": "clause", "offset": [4188, 4201]}, {"key": "applicable-lenders", "type": "definition", "offset": [4202, 4220]}, {"key": "the-administrative-agent-and-the-borrower", "type": "clause", "offset": [4222, 4263]}, {"key": "effective-only-upon-the", "type": "clause", "offset": [4292, 4315]}, {"key": "acceptance-of-a", "type": "definition", "offset": [4373, 4388]}, {"key": "successor-managing-agent", "type": "clause", "offset": [4389, 4413]}, {"key": "delivery-of", "type": "clause", "offset": [4463, 4474]}, {"key": "related-lenders", "type": "definition", "offset": [4519, 4534]}, {"key": "financial-institution", "type": "definition", "offset": [4551, 4572]}, {"key": "following-the", "type": "definition", "offset": [4610, 4623]}, {"key": "appointment-of-a-successor", "type": "clause", "offset": [4624, 4650]}, {"key": "the-rights", "type": "clause", "offset": [4796, 4806]}, {"key": "duties-of-the", "type": "clause", "offset": [4831, 4844]}, {"key": "duties-and-obligations", "type": "clause", "offset": [4961, 4983]}, {"key": "article-ix", "type": "definition", "offset": [5082, 5092]}, {"key": "continue-in-effect", "type": "clause", "offset": [5099, 5117]}, {"key": "in-respect-of", "type": "definition", "offset": [5134, 5147]}, {"key": "actions-taken", "type": "clause", "offset": [5152, 5165]}], "snippet": "(a) Each Lender hereby designates and appoints the Managing Agent for such Lender\u2019s 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.\n(b) Each Person serving as a Managing Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not a Managing Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any subsidiary or other Affiliate thereof as if it were not a Managing Agent hereunder.\n(c) No Managing Agent shall have any duties or obligations except those expressly set forth herein and in the other Facility Documents. Without limiting the generality of the foregoing, (i) a Managing Agent shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing, (ii) a Managing Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Facility Documents, and (iii) except as expressly set forth herein and in the other Facility Documents, a Managing Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the bank serving as Managing Agent or any of its Affiliates in any capacity. A Managing Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Lenders members of its Lender Group, or in the absence of its own gross negligence or willful misconduct. A Managing Agent shall be deemed not to have knowledge of any Event of Default unless and until written notice thereof is given to a Managing Agent by the Borrower Representative, the Administrative Agent or a Lender, and a Managing Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Facility Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Facility Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article III or elsewhere herein or therein, other than to confirm receipt of items expressly required to be delivered to a Managing Agent.\n(d) A Managing Agent may resign as Managing Agent hereunder at any time by giving not less than five Business Days\u2019 prior written notice to the applicable Lenders, the Administrative Agent and the Borrower, such resignation to become effective only upon the later to occur of the earlier of (x) the appointment and acceptance of a successor Managing Agent as provided below and (y) the 30th day following delivery of such notice. Upon any such resignation, the related Lenders shall appoint a financial institution of their choosing as Managing Agent. Following the appointment of a successor Managing Agent and such successor Managing Agent\u2019s acceptance thereof, such successor Managing Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the resigning Managing Agent as Managing Agent hereunder, and the resigning Managing Agent shall be discharged from its duties and obligations as Managing Agent hereunder. After the Administrative Agent\u2019s resignation, the provisions of this Article IX shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Managing Agent.", "samples": [{"hash": "1pza74GPQAS", "uri": "/contracts/1pza74GPQAS#managing-agents", "label": "Omnibus Amendment (Community Health Systems Inc)", "score": 26.8644771576, "published": true}, {"hash": "9D5ACYhWJeW", "uri": "/contracts/9D5ACYhWJeW#managing-agents", "label": "Omnibus Amendment (Community Health Systems Inc)", "score": 26.245721817, "published": true}, {"hash": "lSemn7O9B8o", "uri": "/contracts/lSemn7O9B8o#managing-agents", "label": "Omnibus Amendment (Community Health Systems Inc)", "score": 24.1813831329, "published": true}], "hash": "51d0bbed3f4cc174e2af3ed9cbf18535", "id": 1}, {"size": 5, "snippet_links": [{"key": "purchaser-group", "type": "definition", "offset": [5, 20]}, {"key": "managing-agent", "type": "clause", "offset": [40, 54]}, {"key": "agent-shall", "type": "definition", "offset": [82, 93]}, {"key": "party-to-this-agreement", "type": "clause", "offset": [103, 126]}, {"key": "in-writing", "type": "clause", "offset": [154, 164]}, {"key": "applicable-purchaser", "type": "definition", "offset": [188, 208]}, {"key": "the-seller-parties", "type": "clause", "offset": [224, 242]}, {"key": "notices-and-payments", "type": "clause", "offset": [261, 281]}, {"key": "by-the-agent", "type": "clause", "offset": [303, 315]}, {"key": "seller-party", "type": "clause", "offset": [323, 335]}, {"key": "purchaser-hereunder", "type": "clause", "offset": [341, 360]}, {"key": "such-purchaser", "type": "definition", "offset": [364, 378]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [405, 423]}, {"key": "agent-may-perform", "type": "clause", "offset": [484, 501]}, {"key": "obligations-of", "type": "clause", "offset": [513, 527]}, {"key": "rights-of", "type": "definition", "offset": [552, 561]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [647, 677]}, {"key": "exercise-of-the-rights", "type": "clause", "offset": [685, 707]}, {"key": "member-of-the", "type": "clause", "offset": [740, 753]}, {"key": "btmu-conduit", "type": "definition", "offset": [754, 766]}, {"key": "agrees-to", "type": "clause", "offset": [829, 838]}, {"key": "the-duties-and-obligations", "type": "clause", "offset": [847, 873]}], "snippet": "Each Purchaser Group shall designate a \u201cManaging Agent\u201d 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\u2019s 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\u2019s Purchaser Group hereby designates BTMUNY, and BTMUNY hereby agrees to perform the duties and obligations of, such Purchaser Group\u2019s Managing Agent.", "samples": [{"hash": "2KJpiMmPdFW", "uri": "/contracts/2KJpiMmPdFW#managing-agents", "label": "Receivables Purchase Agreement (Cardinal Health Inc)", "score": 33.755645752, "published": true}, {"hash": "bzHKs22dydU", "uri": "/contracts/bzHKs22dydU#managing-agents", "label": "Receivables Purchase Agreement (Cardinal Health Inc)", "score": 28.8494186401, "published": true}, {"hash": "cvbN2jnOVge", "uri": "/contracts/cvbN2jnOVge#managing-agents", "label": "Receivables Purchase Agreement (Cardinal Health Inc)", "score": 24.8494186401, "published": true}], "hash": "227c36eb1d17728cac27733befcfd862", "id": 2}, {"size": 3, "snippet_links": [{"key": "the-insurance", "type": "clause", "offset": [0, 13]}, {"key": "interference-with-the-business", "type": "clause", "offset": [71, 101]}, {"key": "damage-to-property", "type": "clause", "offset": [120, 138]}, {"key": "the-premises", "type": "clause", "offset": [142, 154]}, {"key": "rent-receivable", "type": "clause", "offset": [209, 224]}, {"key": "provided-that", "type": "definition", "offset": [226, 239]}, {"key": "received-by", "type": "definition", "offset": [272, 283]}, {"key": "direct-result", "type": "definition", "offset": [293, 306]}, {"key": "the-rent", "type": "clause", "offset": [325, 333]}, {"key": "days-in", "type": "definition", "offset": [397, 404]}, {"key": "prior-to-the", "type": "clause", "offset": [428, 440]}, {"key": "the-managing-agents", "type": "clause", "offset": [451, 470]}, {"key": "reasonable-steps", "type": "definition", "offset": [489, 505]}, {"key": "our-liability", "type": "clause", "offset": [618, 631]}, {"key": "this-clause", "type": "clause", "offset": [638, 649]}, {"key": "sum-insured", "type": "definition", "offset": [695, 706]}], "snippet": "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:\na) such rent receivable is not received by you as a direct result of the damage;\nb) the rent receivable is not outstanding for one hundred and twenty (120) days in excess of its due date prior to the damage at the managing agents\u2019 premises;\nc) all reasonable steps to recover the rent receivable are taken;\nd) such rent receivable is not recoverable under any other policy;\ne) Our liability under this clause shall not exceed twenty percent (20%) of the sum insured on rent receivable.", "samples": [{"hash": "glAFSXpwj2L", "uri": "/contracts/glAFSXpwj2L#managing-agents", "label": "Property Owners Insurance Policy", "score": 22.4510612488, "published": true}, {"hash": "ksXjRJlQxRG", "uri": "/contracts/ksXjRJlQxRG#managing-agents", "label": "Property Owners Insurance Policy", "score": 21.799451828, "published": true}, {"hash": "ju7tMe5MlAL", "uri": "/contracts/ju7tMe5MlAL#managing-agents", "label": "Property Owners Insurance Policy", "score": 21.1779594421, "published": true}], "hash": "5de448f0d7460d639df5093103869ac8", "id": 3}, {"size": 3, "snippet_links": [{"key": "the-purchaser", "type": "definition", "offset": [0, 13]}, {"key": "agrees-to", "type": "clause", "offset": [14, 23]}, {"key": "managing-agent", "type": "clause", "offset": [36, 50]}, {"key": "the-agreement", "type": "clause", "offset": [84, 97]}, {"key": "the-scheme", "type": "clause", "offset": [125, 135]}, {"key": "management-rules", "type": "clause", "offset": [174, 190]}, {"key": "set-out", "type": "definition", "offset": [192, 199]}, {"key": "the-act", "type": "clause", "offset": [217, 224]}, {"key": "the-seller", "type": "clause", "offset": [289, 299]}, {"key": "the-body-corporate", "type": "clause", "offset": [323, 341]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [351, 370]}, {"key": "in-favour-of", "type": "definition", "offset": [439, 451]}], "snippet": "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\u2019s behalf, and to vote in favour of appointing the managing agent referred to in paragraph 1.11 of the AGREEMENT.", "samples": [{"hash": "gnE026zCias", "uri": "/contracts/gnE026zCias#managing-agents", "label": "Sectional Title Agreement of Sale", "score": 34.8934631348, "published": true}, {"hash": "eSEqaVdWY87", "uri": "/contracts/eSEqaVdWY87#managing-agents", "label": "Sectional Title Agreement of Sale", "score": 34.8045463562, "published": true}], "hash": "d73f33ed985b914b3c1dc2a55adddeb2", "id": 4}, {"size": 2, "snippet_links": [{"key": "no-obligor", "type": "clause", "offset": [7, 17]}, {"key": "consent-of-the-agent", "type": "clause", "offset": [50, 70]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [77, 116]}, {"key": "amend-or-waive", "type": "clause", "offset": [182, 196]}, {"key": "provision-of", "type": "clause", "offset": [201, 213]}, {"key": "agent-agreement", "type": "definition", "offset": [227, 242]}, {"key": "appointment-of", "type": "clause", "offset": [265, 279]}, {"key": "an-obligor", "type": "clause", "offset": [323, 333]}, {"key": "by-the-agent", "type": "clause", "offset": [422, 434]}, {"key": "duty-of-care-agreement", "type": "definition", "offset": [582, 604]}, {"key": "the-security", "type": "clause", "offset": [716, 728]}, {"key": "created-by", "type": "definition", "offset": [729, 739]}, {"key": "the-finance-documents", "type": "clause", "offset": [740, 761]}, {"key": "to-pay", "type": "clause", "offset": [781, 787]}, {"key": "net-rental-income", "type": "definition", "offset": [792, 809]}, {"key": "received-by", "type": "definition", "offset": [810, 821]}, {"key": "rent-account", "type": "definition", "offset": [834, 846]}, {"key": "material-default", "type": "definition", "offset": [929, 945]}, {"key": "relevant-managing-agent", "type": "definition", "offset": [975, 998]}, {"key": "agreement-to", "type": "clause", "offset": [999, 1011]}, {"key": "relevant-obligor", "type": "definition", "offset": [1036, 1052]}, {"key": "all-reasonable-endeavours", "type": "clause", "offset": [1154, 1179]}, {"key": "in-accordance-with", "type": "clause", "offset": [1240, 1258]}], "snippet": "22.8.1 No Obligor shall without the prior written consent of the Agent (such consent not to be unreasonably withheld or delayed):\n(A) appoint any managing agent of any Property;\n(B) amend or waive any provision of any Managing Agent Agreement; or\n(C) terminate the appointment of any Managing Agent of any Property.\n22.8.2 An Obligor:\n(A) may appoint any Managing Agent as managing agent of any Property on terms approved by the Agent (such approval not to be unreasonably withheld or delayed);\n(B) shall procure that any Managing Agent of any Property enters into a Managing Agent Duty of Care Agreement; and\n(C) shall procure that any Managing Agent of any Property acknowledges to the Agent that it has notice of the Security created by the Finance Documents and that it agrees to pay all Net Rental Income received by it into the Rent Account without withholding, set-off, or counterclaim.\n22.8.3 If any Managing Agent is in material default in its obligations under the relevant Managing Agent Agreement to an extent entitling the relevant Obligor to rescind or terminate that agreement, then if the Agent so requires that Obligor will promptly use all reasonable endeavours to terminate that contract and appoint a new Managing Agent in accordance with Clause 22.8.2.", "samples": [{"hash": "avn0rMrnFSr", "uri": "/contracts/avn0rMrnFSr#managing-agents", "label": "Facility Agreement (Hines Global REIT, Inc.)", "score": 21.6652984619, "published": true}, {"hash": "i8O0JyAiQVV", "uri": "/contracts/i8O0JyAiQVV#managing-agents", "label": "Facility Agreement (Hines Global REIT, Inc.)", "score": 21.5503082275, "published": true}], "hash": "8ab6395ca432a6ed019fbab405d87fe0", "id": 5}, {"size": 2, "snippet_links": [{"key": "no-obligor", "type": "clause", "offset": [0, 10]}, {"key": "managing-agent", "type": "clause", "offset": [27, 41]}, {"key": "consent-of", "type": "clause", "offset": [60, 70]}, {"key": "approved-by", "type": "definition", "offset": [85, 96]}, {"key": "the-agent", "type": "clause", "offset": [98, 107]}, {"key": "the-majority-lenders", "type": "clause", "offset": [139, 159]}], "snippet": "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).", "samples": [{"hash": "cnqvJEpiW9n", "uri": "/contracts/cnqvJEpiW9n#managing-agents", "label": "Facility Agreement (NorthStar Healthcare Income, Inc.)", "score": 23.9363441467, "published": true}, {"hash": "5f4odAoiAg3", "uri": "/contracts/5f4odAoiAg3#managing-agents", "label": "Facility Agreement (Northstar Realty Finance Corp.)", "score": 23.9363441467, "published": true}], "hash": "f7f90100e8cbf87f169f6be7ea65da46", "id": 6}, {"size": 2, "snippet_links": [{"key": "chase-manhattan", "type": "definition", "offset": [4, 19]}, {"key": "first-union-national-bank", "type": "definition", "offset": [42, 67]}, {"key": "national-association", "type": "clause", "offset": [109, 129]}], "snippet": "THE CHASE MANHATTAN BANK By: Name: Title: FIRST UNION NATIONAL BANK By: Name: Title: W\u2587\u2587\u2587\u2587 FARGO BANK TEXAS, NATIONAL ASSOCIATION By:", "samples": [{"hash": "7PAXhXCGLtP", "uri": "/contracts/7PAXhXCGLtP#managing-agents", "label": "Credit Agreement (Ace Cash Express Inc/Tx)", "score": 21.0, "published": true}, {"hash": "cRwrTSiLeJn", "uri": "/contracts/cRwrTSiLeJn#managing-agents", "label": "Credit Agreement (Ace Cash Express Inc/Tx)", "score": 19.0, "published": true}], "hash": "852b52a55495498eaea2cbdd60a2b659", "id": 7}, {"size": 2, "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [7, 25]}, {"key": "no-obligor", "type": "clause", "offset": [54, 64]}, {"key": "managing-agent", "type": "clause", "offset": [102, 116]}, {"key": "management-of-the-property", "type": "clause", "offset": [125, 151]}, {"key": "consent-of", "type": "clause", "offset": [183, 193]}, {"key": "by-the-agent", "type": "clause", "offset": [216, 228]}], "snippet": "21.9.1 The Borrower shall not (and shall procure that no Obligor, PropCo or \u2587\u2587\u2587\u2587\u2587\u2587 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.", "samples": [{"hash": "eTNpJDeMXTz", "uri": "/contracts/eTNpJDeMXTz#managing-agents", "label": "Credit Agreement (Corporate Property Associates 16 Global Inc)", "score": 18.0, "published": true}, {"hash": "1Z67O1aJ5qN", "uri": "/contracts/1Z67O1aJ5qN#managing-agents", "label": "Credit Agreement (Corporate Property Associates 16 Global Inc)", "score": 18.0, "published": true}], "hash": "8f293468c54fcf0483a8b97fb9dc13ae", "id": 8}, {"size": 2, "snippet_links": [{"key": "article-xiv", "type": "clause", "offset": [117, 128]}], "snippet": "58 Section 13.1 Managing Agents ................................................................................. 58 ARTICLE XIV. MISCELLANEOUS ........................................................................... 58", "samples": [{"hash": "bzHKs22dydU", "uri": "/contracts/bzHKs22dydU#managing-agents", "label": "Receivables Purchase Agreement (Cardinal Health Inc)", "score": 28.8494186401, "published": true}], "hash": "747f23b144157e7a12f3e230424f7f0b", "id": 9}, {"size": 2, "snippet_links": [{"key": "chase-manhattan", "type": "definition", "offset": [4, 19]}, {"key": "first-union-national-bank", "type": "definition", "offset": [187, 212]}, {"key": "national-association", "type": "clause", "offset": [408, 428]}, {"key": "vice-president", "type": "clause", "offset": [513, 527]}, {"key": "bank-of-america", "type": "definition", "offset": [528, 543]}, {"key": "national-city-bank", "type": "definition", "offset": [1096, 1114]}, {"key": "texas-capital-bank", "type": "definition", "offset": [1462, 1480]}, {"key": "amended-and-restated-credit-agreement", "type": "definition", "offset": [1662, 1699]}, {"key": "dated-as-of", "type": "definition", "offset": [1700, 1711]}, {"key": "a-lender", "type": "definition", "offset": [1842, 1850]}, {"key": "syndication-agent", "type": "definition", "offset": [1893, 1910]}, {"key": "other-lenders", "type": "definition", "offset": [1935, 1948]}, {"key": "party-hereto", "type": "definition", "offset": [1949, 1961]}, {"key": "table-of-contents-page", "type": "clause", "offset": [1962, 1984]}], "snippet": "THE CHASE MANHATTAN BANK By: ------------------------------------------------- Name: ----------------------------------------------- Title: ---------------------------------------------- FIRST UNION NATIONAL BANK By: ------------------------------------------------- Name: ----------------------------------------------- Title: ---------------------------------------------- LENDERS: \u2587\u2587\u2587\u2587\u2587 FARGO BANK TEXAS, NATIONAL ASSOCIATION By: -------------------------------------------------- \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Assistant Vice President BANK OF AMERICA, N.A. By: -------------------------------------------------- Name: ------------------------------------------------ Title: ----------------------------------------------- THE CHASE MANHATTAN BANK By: -------------------------------------------------- Name: ------------------------------------------------ Title: ----------------------------------------------- FIRST UNION NATIONAL BANK By: -------------------------------------------------- Name: ------------------------------------------------ Title: ----------------------------------------------- NATIONAL CITY BANK By: -------------------------------------------------- Name: ------------------------------------------------ Title: ----------------------------------------------- HIBERNIA NATIONAL BANK By: ------------------------------------------------ Name: ---------------------------------------------- Title: --------------------------------------------- TEXAS CAPITAL BANK, NATIONAL ASSOCIATION By: ------------------------------------------------ Name: ---------------------------------------------- Title: --------------------------------------------- AMENDED AND RESTATED CREDIT AGREEMENT Dated as of November ___, 2000 By and Among ACE CASH EXPRESS, INC., as Borrower \u2587\u2587\u2587\u2587\u2587 FARGO BANK TEXAS, NATIONAL ASSOCIATION, as Agent and as a Lender, BANK OF AMERICA, NATIONAL ASSOCIATION as Syndication Agent and as a Lender and The Other Lenders Party Hereto TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS...........................................................................................2", "samples": [{"hash": "9yJfvybtixU", "uri": "/contracts/9yJfvybtixU#managing-agents", "label": "Credit Agreement (Ace Cash Express Inc/Tx)", "score": 18.0, "published": true}], "hash": "14ed8e8c32d50ca563b313e433f744f2", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhtYW5hZ2luZy1hZ2VudHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 51, "parents": [["participations", "Participations"], ["headings", "Headings"], ["definitions", "DEFINITIONS"], ["managing-agents", "Managing Agents"], ["conditions-precedent-for-property", "Conditions precedent for property"]], "children": [["waivers-and-amendments", "Waivers and Amendments"], ["managing-agents", "Managing Agents"], ["", ""], ["appointment", "Appointment"], ["resignation", "Resignation"]], "title": "Managing Agents", "id": "managing-agents", "related": [["managing-agent", "MANAGING AGENT", "MANAGING AGENT"], ["syndication-agent", "Syndication Agent", "Syndication Agent"], ["arrangers", "Arrangers", "Arrangers"], ["co-agents", "Co-Agents", "Co-Agents"], ["additional-agents", "Additional Agents", "Additional Agents"]], "related_snippets": [], "updated": "2025-10-05T04:26:25+00:00", "also_ask": ["What key powers and limitations should be specified for managing agents to avoid overreach?", "How can the clause allocate liability between principal and managing agent to minimize risk?", "What are the most common negotiation points regarding agent appointment and removal?", "How do courts assess the enforceability of managing agent authority in disputes?", "How does this clause compare to industry standards or statutory requirements for managing agents?"], "drafting_tip": "Specify the authority and responsibilities of managing agents to prevent disputes; require written appointment to ensure clarity; outline termination procedures to facilitate smooth transitions.", "explanation": "The Managing Agents clause defines the role and authority of individuals or entities appointed to act on behalf of one or more parties in the administration of a contract or agreement. Typically, this clause outlines the scope of the managing agent\u2019s responsibilities, such as handling day-to-day operations, making decisions within specified limits, or communicating with third parties. By clearly delineating the powers and duties of managing agents, the clause ensures efficient contract management and helps prevent disputes over decision-making authority."}, "json": true, "cursor": ""}}