RESPONSIBILITIES OF AGENTS Sample Clauses

RESPONSIBILITIES OF AGENTS. (a) The Administrative Agent shall have principal responsibilities for and primary authority for the administration of the credit facilities contemplated by this Agreement and for all matters for which the Collateral Agent is not responsible. In all instances where the allocation of responsibility and authority, as between the Collateral Agent and the Administrative Agent is in doubt, the Administrative Agent shall be vested with such responsibility and authority.
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RESPONSIBILITIES OF AGENTS. (a) The Agents shall not have any duties or responsibilities to, or any fiduciary relationship with, any Lender except for those expressly set forth in this Credit Agreement.
RESPONSIBILITIES OF AGENTS. You shall be responsible for the fidelity and honesty of all of your agents. All monies collected, received, or which otherwise come into your control or the control of your agents, which belong to us, our annuity or insurance contract owners (hereinafter referred to as a “insurance contract owners”) or applicants shall be securely held in a fiduciary capacity and shall not be used for any personal or other purposes whatsoever, but shall be Forethought Life Insurance Company INSURANCE SELLING AGREEMENT immediately paid over to us. You guarantee the payment to us of all monies intended for or owing to us, our insurance contract owners, prospective insurance contract owners, or applicants that are collected, received, or otherwise come into your control or the control of your agents.
RESPONSIBILITIES OF AGENTS. 2.1 Agent will assist prospective borrowers in completing credit applications and such other documentation as Lender may require (“Application Package”) and shall promptly submit the Application Package to Lender for its review and approval. All information and documents gathered by Agent and/or provided to Lender as part of the Application Package shall be in accordance with the then prevailing underwriting standards and loan policies of Lender, as detailed in the VA manual.
RESPONSIBILITIES OF AGENTS. (a) The Agents shall not have any duties or responsibilities to, or any fiduciary relationship with, any Lender except for those expressly set forth in this Agreement.
RESPONSIBILITIES OF AGENTS. (a) Notwithstanding anything contained herein to the contrary, the Collateral Agent shall have sole responsibility and authority to establish Reserves. The Collateral Agent shall have the sole responsibility and authority for the conduct of any Liquidation and the distribution of the proceeds of such Liquidation to the Administrative Agent. FRF alone shall discharge all of the responsibilities and duties vested in the Collateral Agent pursuant to the terms of this Agreement until it resigns as Collateral Agent, and thereafter FCC, if it has not theretofor resigned as Collateral Agent, alone shall discharge such responsibilities any duties.
RESPONSIBILITIES OF AGENTS. (a) The Administrative Agent shall promptly transmit to each Purchaser each notice or other document received by the Administrative Agent from the Original Issuer, the Issuer or the Guarantor addressed to, or calling for action by, such Purchaser. With respect to the documents referred to in Sections 3.01 and 3.02, the Administrative Agent shall forward (or arrange for counsel to forward) to each Purchaser copies of such documents subsequent to the Amendment Date and the Amendment Date, respectively, and with respect to documents referred to in
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RESPONSIBILITIES OF AGENTS. (a) THE AGENTS SHALL NOT HAVE ANY DUTIES OR RESPONSIBILITIES TO, OR ANY FIDUCIARY RELATIONSHIP WITH, ANY BANK EXCEPT FOR THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT.
RESPONSIBILITIES OF AGENTS. (a) The Administrative Agent shall have principal responsibilities for and primary authority for the administration of the Term Facility contemplated by this Agreement and for all matters for which the Collateral Agent is not responsible. In all instances where the allocation of responsibility and authority, as between the Collateral Agent and the Administrative Agent is in doubt, the Administrative Agent shall be vested with such responsibility and authority.
RESPONSIBILITIES OF AGENTS. (a) The Administrative Agent shall have principal responsibilities for and primary authority for the administration of the credit facility contemplated by the Loan Agreement and for all matters for which theCollateral Agent is not responsible. In all instances where the allocation of responsibility and authority, as between the Collateral Agent and the Administrative Agent is in doubt, the Administrative Agent shall be vested with such responsibility and authority. (b) The Collateral Agent shall have principal responsibilities for and primary authority for the conduct of the Liquidation, (c) Neither Agent shall have any duties or responsibilities to, or any fiduciary relationship with, any Lender except for those expressly set forth in this Agreement. (d) Neither Agent nor any of its Affiliates shall be responsible to any Lender for any of the following: (i) Any recitals, statements, representations or warranties made by any Borrower or any other Person. (ii) Any appraisals or other assessments of the assets of any Borrower or of any other Person responsible for or on account of the Liabilities. (iii) The value, validity, effectiveness, genuineness, enforceability, or sufficiency of the Loan Agreement, the Loan Documents or any other document referred to or provided fortherein. (iv) Any failure by any Borrower or any other Person (other than the subject Agent) to perform its obligations under the Loan Documents. (e) Each Agent may employ attorneys, accountants, and other professionals and agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such attorneys, accountants, and other professionals or agents or attorneys-in-fact selected by the subject Agent with reasonable care. No such attorney, accountant, other professional, agent, or attorney-in-fact shall be responsible for any action taken or omitted to be taken by any other such Person. (f) Neither Agent, nor any of its directors, officers, or employees shall be responsible for any action taken or omitted to be taken or omitted to be taken by any other of them in connection herewith in reliance upon advice of their respective counsel nor, in any other event except for any action taken or omitted to be taken as to which a final judicial determination has been or is made (in a proceeding in which such Person has had an opportunity to be heard) that such Person had acted in a grossly negligent manner, in actual bad faith, or in willful misconduct. (g) Neither Age...
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