Common use of Duties Specified Clause in Contracts

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including without limitation the Guaranties, the Collateral Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Guaranties, the Collateral Documents and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C and D Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Group Inc)

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Duties Specified. Each Lender irrevocably authorizes each of Administrative Agent and Collateral Agent to take such action on such Lender’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein to which it is a party (including without limitation the Guaranties, the Collateral Documents and the Intercreditor Agreement) as are specifically delegated to Administrative such Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Each Agent shall have only those duties and responsibilities which are expressly specified for such Agent in this Agreement, the Guaranties, the Collateral Documents and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-The Syndication Agents and the Tranche C and D Syndication Agents Agent shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any Agent any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein. The title of “Joint Lead Arrangers” or “Joint Bookrunners” or “Syndication Agent” or “Documentation Agent” provided to certain lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s 's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including without limitation the GuarantiesCompany Guaranty, the Collateral Documents Subsidiary Guaranty, the Company Pledge Agreement, the Subsidiary Pledge Agreement and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the GuarantiesCompany Guaranty, the Collateral Documents Subsidiary Guaranty, the Company Pledge Agreement, the Subsidiary Pledge Agreement and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each Lender irrevocably authorizes each Offshore Administrative Agent to take such action on such Lender's behalf and to exercise such powers hereunder as are specifically delegated to such Offshore Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto. Each Offshore Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-Syndication Documentation Agents and the Tranche C and D Syndication Agents Agent shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Owens Illinois Inc /De/)

Duties Specified. Each Lender irrevocably authorizes each of Administrative Agent and Collateral Agent to take such action on such Lender’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein to which it is a party (including without limitation the Guaranties, the Collateral Documents and the Intercreditor Agreement) as are specifically delegated to Administrative such Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Each Agent shall have only those duties and responsibilities which are expressly specified for such Agent in this Agreement, the Guaranties, the Collateral Documents and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-The Syndication Agents and the Tranche C and D Syndication Agents Agent shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any Agent any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein. The title of “Joint Lead Arrangers” or “Joint Bookrunners” or “Syndication Agent” or “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders.

Appears in 1 contract

Samples: Credit Agreement (Owens Illinois Group Inc)

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s 's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including without limitation the Guaranties, the Collateral Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Guaranties, the Collateral Documents and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C and D Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of "Senior Managing Agents" and "Co-Documentation Agents" provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Oi Levis Park STS Inc)

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Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including without limitation the Guaranties, the Collateral Documents and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the Guaranties, the Collateral Documents and the Intercreditor Agreement and may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C and D Syndication Agents shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Inc /De/)

Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s 's behalf and to exercise such powers hereunder and under the other instruments and agreements referred to herein (including including, without limitation the Guarantieslimitation, the Collateral Documents Documents, the Company Guaranty, the O-I Subsidiary Guaranty and the Intercreditor Agreement) as are specifically delegated to Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities which are expressly specified in this Agreement, the GuarantiesCollateral Documents, the Collateral Documents Company Guaranty, the O-I Subsidiary Guaranty and the Intercreditor Agreement and it may perform such duties by or through its agents or employees. Each of the Tranche A1 and B1 Co-Syndication Agents and the Tranche C and D Syndication Agents Documentation Agent shall have no powers or duties hereunder except as expressly specified in this Agreement. The title of “Senior Managing Agents” and “Co-Documentation Agents” provided to certain Lenders in the introductory paragraph to this Agreement is honorary only and does not impose any duty or obligation on such Lenders. The duties of Agents shall be mechanical and administrative in nature; Agents shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended in- tended to or shall be so construed as to impose upon Agents any obligations in respect of this Agreement or the other instruments and agreements referred to herein except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Company Pledge Agreement (Owens Illinois Inc /De/)

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