Example ContractsClausesappointment and authorityVariants
Remove:

Each of the Guarantors hereby appoints the to act as its agent for all purposes of this Agreement, the other Loan Documents and all other documents and electronic platforms entered into in connection herewith and agrees that # the may execute such documents and provide such authorizations on behalf of such Guarantor as the deems appropriate in its sole discretion and each Guarantor shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, # any notice or communication delivered by the , an L/C Issuer or a to the shall be deemed delivered to each [[Loan Parties:Organization]] and # the , L/C Issuers or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the on behalf of each of the Loan Parties.

Each of the Guarantors hereby appoints the to act as its agent for all purposes of this Agreement, the other Loan Documents and all other documents and electronic platforms entered into in connection herewith and agrees that # the may execute such documents and provide such authorizations on behalf of such Guarantor as the deems appropriate in its sole discretion and each Guarantor shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, # any notice or communication delivered by the [[Lenders:Administrative Agent:Organization]], anthe L/C Issuer or athe [[Lenders:Organization A:Organization]] to the shall be deemed delivered to each [[Loan Parties:Organization]]Guarantor and # the [[Lenders:Administrative Agent:Organization]], the L/C IssuersIssuer or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the on behalf of each of the Loan Parties.Guarantor.

Each of the GuarantorsLoan Parties hereby appoints the Borrower to act as its agent for all purposes of this Agreement, the other Loan Documents and all other documents and electronic platforms entered into in connection herewith and agrees that # the Borrower may execute such documents and provide such authorizations on behalf of such GuarantorLoan Parties as the Borrower deems appropriate in its sole discretion and each GuarantorLoan Party shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, # any notice or communication delivered by the , anAdministrative Agent, L/C Issuer or a Lender to the Borrower shall be deemed delivered to each [[Loan Parties:Organization]]Party and # the ,Administrative Agent, L/C IssuersIssuer or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the Borrower on behalf of each of the Loan Parties.

. Each of the Guarantors Party hereby appoints the to act as its exclusive agent for all purposes ofunder this Agreement,Agreement and the other Loan Documents (including, without limitation, with respect to all matters related to the borrowing and all other documentsrepayment of loans as described in Articles II and electronic platforms entered into in connection herewithIII hereof). Each Party (in such capacity) acknowledges and agrees that # the may execute such documents and provide such authorizations on behalf of such Guarantorall the Parties as the deems appropriate in its sole discretion and each Guarantor Party (in such capacity) shall be bound by and obligated by all of the terms of any such document and/or authorization executed by the on its behalf, # any notice or other communication delivered by the [[Lenders:Administrative Agent:Organization]], an L/C Issuer or aany [[Lenders:Lender:Organization]] hereunder to the shall be deemed to have been delivered to each [[Loan Parties:Borrower:Organization]] Party and # the [[Lenders:Administrative Agent:Organization]], L/C Issuers or and each of the Lenders may accept, andshall accept (and shall be permitted to rely on,on) any document, authorization, instrumentdocument or agreement executed by the on behalf of eachthe Parties (or any of them). Except as noted herein with respect to requests for advances of Loans or the making of payments, the Parties must act through the for all purposes under this Agreement and the other Loan Parties.Documents. Notwithstanding anything contained herein (except as noted herein with respect to requests for advances of Loans or the making of payments), to the extent any provision in this Agreement requires any Party to interact in any manner with the [[Administrative Agent:Organization]] or the Lenders (other than through such Party’s execution and delivery of certain documents, agreements or instruments), such Party shall do so through the .

Each of the Guarantors herebyBorrower (including each Subsidiary Borrower) irrevocably appoints the to act as its agent for all purposes ofrelevant to this Agreement,Agreement and each of the other Loan DocumentsDocuments, including # the giving and receipt of notices, # the execution and delivery of all documents, instruments and certificates contemplated herein and all other documentsmodifications hereto, and electronic platforms entered into in connection herewith and agrees that # the receipt of the proceeds of any Loans made by the Lenders, to any such Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by , whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to may execute such documents and provide such authorizations on behalf of such Guarantor as the deems appropriate in its sole discretion and each Guarantor shall be obligated by all ofaccordance with the terms of this Agreement or any such document and/or authorization executed on its behalf, # any notice or communication delivered by the , an L/C Issuer or a to the other Loan Document shall be deemed to have been delivered to each [[Loan Parties:Organization]] and # the , L/C Issuers or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the on behalf of each of the Loan Parties.Borrower.

Appointment. Each of the GuarantorsLenders and the L/C Issuers hereby appoints theirrevocably appoints, designates and authorizes [[Borrower:Administrative Agent:Organization]] to act on its behalf as its agent for all purposes of this Agreement,the hereunder and under the other Loan Documents and all other documentsauthorizes the to take such actions on its behalf and electronic platforms entered into in connection herewithto exercise such powers as are delegated to the by the terms hereof or thereof, together with such actions and agrees that #powers as are reasonably incidental thereto. The provisions of this [Article IX] are solely for the benefit of the , the Lenders and the L/C Issuers, and neither the may execute such documents and provide such authorizations on behalfnor any other [[Loan Parties:Organization]] shall have rights as a third party beneficiary of any of such Guarantor asprovisions. It is understood and agreed that the deems appropriate in its sole discretion and each Guarantor shall be obligated by alluse of the terms ofterm “agent” herein or in any such document and/or authorization executed on its behalf, #other Loan Documents (or any notice or communication delivered byother similar term) with reference to the , is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any Applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an L/C Issuer or a to the shall be deemed delivered to each [[Loan Parties:Organization]] and # the , L/C Issuers or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the on behalf of each of the Loan Parties.administrative relationship between contracting parties.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.