Common use of Duties Specified Clause in Contracts

Duties Specified. Each Lender irrevocably authorizes each of Agent and each Co-Agent to take such action on such Lender's behalf and to exercise such powers under this Agreement and under the other Loan Documents as are specifically delegated to Agent or Co-Agents, as the case may be, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent and each Co-Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Agent nor any Co-Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent or any Co-Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Libbey Inc)

AutoNDA by SimpleDocs

Duties Specified. Each Lender irrevocably authorizes each of Agent and each Co-Agent to take such action on such Lender's behalf and to exercise such powers under this Agreement hereunder and under the other Loan Documents as are specifically delegated to Agent or Co-Agents, as the case may be, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent and each Co-Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Agent nor any Co-Agent shall not have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent or any Co-Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. Anything in this Agreement or the other Loan Documents to the contrary notwithstanding, Documentation Agent shall not have any duties or responsibilities hereunder or under any Loan Documents other than its duties and responsibilities as a Lender hereunder and thereunder.

Appears in 1 contract

Samples: Credit Agreement (Regent Communications Inc)

Duties Specified. Each Lender irrevocably authorizes each of Agent and each Co-Primary Agent to take such action on such Lender's ’s behalf and to exercise such powers under this Agreement powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated to such Primary Agent or Co-Agents, as the case may be, by the terms hereof and thereof, together with such powers powers, rights and remedies as are reasonably incidental thereto. Each of Agent and each Co-Primary Agent shall have only those duties and responsibilities that are expressly specified for such Primary Agent in this Agreement and the other Loan Documents Documents, and it may exercise such powers, rights and remedies and perform such duties by or through its agents or employees, it being understood that, except as expressly specified herein, no Primary Agent other than the Administrative Agents shall have any duties or responsibilities under this Agreement and the other Loan Documents. Neither Agent nor any Co-The duties of the Administrative Agents shall be mechanical and administrative in nature. No Primary Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent or any Co-Primary Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Safeway Inc)

Duties Specified. Each Tranche A Lender and Tranche B Lender irrevocably authorizes each of Agent and each Co-Agent to take such action on such Lender's behalf and to exercise such powers under this Agreement hereunder and under the other Loan Documents as are specifically delegated to Agent or Co-Agents, as the case may be, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent and each Co-Agent shall have only those duties and responsibilities that are expressly specified in this Amended Loan Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Agent nor any Co-Agent shall not have, by reason of this Amended Loan Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Amended Loan Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent or any Co-Agent any obligations in respect of this Amended Loan Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Calton Inc)

Duties Specified. Each Lender and, by its acceptance of the benefits hereof and of the other Loan Documents, each Interest Rate Exchanger irrevocably authorizes each of Agent, Syndication Agent and each Co-Agent Arrangers to take such action on such Lender's behalf or such Interest Rate Exchanger's behalf and to exercise such powers under this Agreement hereunder and under the other Loan Documents as are specifically delegated to Agent, Syndication Agent or Co-Agents, as the case may beand Arrangers, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent, Syndication Agent and each Co-Agent Arrangers shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents and it each of them may perform such duties by or through its agents or employees. Neither Agent, Syndication Agent nor any Co-Agent and Arrangers shall not have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any LenderLender or any Interest Rate Exchanger; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or any Co-Agent Arrangers any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Dominicks Supermarkets Inc)

AutoNDA by SimpleDocs

Duties Specified. Each Lender and, by its acceptance of the benefits hereof and of the other Loan Documents, each Interest Rate Exchanger irrevocably authorizes each of Agent, Syndication Agent and each Co-Agent Arrangers to take such action on such Lender's behalf or such Interest Rate Exchanger's behalf and to exercise such powers under this Agreement 158 166 hereunder and under the other Loan Documents as are specifically delegated to Agent, Syndication Agent or Co-Agents, as the case may beand Arrangers, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent, Syndication Agent and each Co-Agent Arrangers shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents and it each of them may perform such duties by or through its agents or employees. Neither Agent, Syndication Agent nor any Co-Agent and Arrangers shall not have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any LenderLender or any Interest Rate Exchanger; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent, Syndication Agent or any Co-Agent Arrangers any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.

Appears in 1 contract

Samples: Credit Agreement (Dominicks Supermarkets Inc)

Duties Specified. Each Lender irrevocably authorizes each of Agent and each Co-Agent to take such action on such Lender's behalf and to exercise such powers under this Agreement hereunder and under the other Loan Documents as are specifically delegated to such Agent or Co-Agents, as the case may be, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each of Agent and each Co-Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents and it may perform such duties by or through its agents or employees. Neither Agent nor any Co-No Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon Agent or any Co-Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. Anything in this Agreement or the other Loan Documents to the contrary notwithstanding, no Co-Agent shall have any duties or responsibilities hereunder or under the other Loan Documents other than its duties and responsibilities as a Lender hereunder and thereunder.

Appears in 1 contract

Samples: Credit Agreement (Hartmarx Corp/De)

Time is Money Join Law Insider Premium to draft better contracts faster.