Initial Authorized Representative definition
Examples of Initial Authorized Representative in a sentence
In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, each of the Initial Authorized Representative and the Initial Other Authorized Representative shall have and be protected by all of the rights, immunities, indemnities, privileges and other protections granted to it under the Initial Indenture or the Initial Other Indenture, as applicable.
Each of the Initial Authorized Representative and the Initial Other Authorized Representative shall not have duties or obligations under or pursuant to this Agreement other than such duties expressly set forth in this Agreement as duties on its part to be performed or observed.
For the avoidance of doubt, none of the Initial Collateral Agent, Initial Authorized Representative, Initial Other Collateral Agent or Initial Other Authorized Representative has made or has any duty to make any credit analysis.
The Initial Authorized Representative, Initial Collateral Agent, the Initial Other Authorized Representative and the Initial Other Collateral Agent shall not at any time be deemed or imputed to have any knowledge of or receipt of any notices, information, correspondence or materials in the possession of or given to any other Authorized Representative or Collateral Agent acting under any other Series of Pari Passu Obligations.