Common use of The Agent and the Banks Clause in Contracts

The Agent and the Banks. Each Bank hereby appoints the Agent to act as its agent in connection herewith and authorises the Agent to exercise such right, powers and discretions as are specifically delegated to the Agent by the terms hereof together with all such rights, powers and discretions as are reasonably identical thereto.

Appears in 2 contracts

Sources: Loan Facility (Gulfmark International Inc), Loan Facility Agreement (Gulfmark Offshore Inc)

The Agent and the Banks. 30.1 Each Bank hereby appoints the Agent to act as its agent in connection herewith and authorises the Agent to exercise such right, powers and discretions as are specifically delegated to the Agent by the terms hereof together with all such rights, powers and discretions as are reasonably identical thereto. 30.2 The Agent may:

Appears in 1 contract

Sources: Facility Agreement (Gulfmark Offshore Inc)