Binding; Administrative Agent. Each of the party hereto, by its execution below, # authorizes the Administrative Agent to execute and deliver this Amendment and # agrees to be bound by the terms and conditions of this Amendment. is entering into this Amendment solely in its capacity as Administrative Agent under the Credit Agreement and as such in executing this Amendment and acting hereunder, it shall be entitled to the rights, benefits, protections, indemnities and immunities afforded to it as Administrative Agent under the Credit Agreement.
Each of the _Lenders:Lenders and the Issuing Lenders hereby irrevocably appoints party hereto, byto act on its execution below, #behalf as the Administrative Agent hereunder and under the other Credit Documents and authorizes the Administrative Agent to executetake such actions on its behalf and deliver this Amendment and # agrees to be boundexercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and conditionspowers as are reasonably incidental thereto. The provisions of this Amendment. [Section 10] are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lenders, and neither the Borrowers nor any other Credit Party shall have rights as a third party beneficiary of any of such provisions. It is entering into this Amendment solelyunderstood and agreed that the use of the term “agent” herein or in its capacity asany other Credit Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under the Credit Agreementagency doctrine of any applicable law. Instead such term is used as a matter of market custom, and as such in executing this Amendment and acting hereunder, it shall be entitledis intended to the rights, benefits, protections, indemnities and immunities afforded to it as Administrative Agent under the Credit Agreement.create or reflect only an administrative relationship between contracting parties.
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