THE FINANCE PARTIES Sample Clauses

THE FINANCE PARTIES. Role of the Agent, the Security Agent [and] the Arranger [and the Reference Banks] The Agent and the Security Agent Each of the Arranger[,]/[ and] the Lenders [and the Hedge Counterparties] REF _Ref216940698 \h \* MERGEFORMAT appoints the Agent to act as its agent under and in connection with the Finance Documents. The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement. Each of the Finance Parties authorises the Agent and the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent and the Security Agent (as applicable) under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. Enforcement through Security Agent only The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any right, power, authority or discretion arising under the Security Documents except through the Security Agent.
THE FINANCE PARTIES. (a) The Chargor consents to any assignment, transfer, novation or sub-participation of a Finance Document under a Finance Document.
THE FINANCE PARTIES. 29 Role of the Agent, the Security Agent and the Arranger
THE FINANCE PARTIES. 36. ROLE OF THE AGENT, THE SECURITY AGENT AND THE ARRANGER
THE FINANCE PARTIES. 4.1 The obligations of each Finance Party under the Finance Documents are separate and independent. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
THE FINANCE PARTIES. Role of the Agent, the Arranger, the Issuing Bank and Others Appointment of the Agent Each of the Arranger, the Lenders and the Issuing Bank appoints the Agent to act as its agent under and in connection with the Finance Documents. Each of the Arranger, the Lenders and the Issuing Bank authorises the Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. Instructions The Agent shall: unless a contrary indication appears in a Finance Document, exercise or refrain from exercising any right, power, authority or discretion vested in it as Agent in accordance with any instructions given to it by: all Lenders if the relevant Finance Document stipulates the matter is an all Lender decision; and in all other cases, the Majority Lenders; not be liable for any act (or omission) if it acts (or refrains from acting) in accordance with paragraph (i) above. The Agent shall be entitled to request instructions, or clarification of any instruction, from the Majority Lenders (or, if the relevant Finance Document stipulates the matter is a decision for any other Lender or group of Lenders, from that Lender or group of Lenders) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion and the Agent may refrain from acting unless and until it receives any such instructions or clarification that it has requested. Save in the case of decisions stipulated to be a matter for any other Lender or group of Lenders under the relevant Finance Document and unless a contrary indication appears in a Finance Document, any instructions given to the Agent by the Majority Lenders shall override any conflicting instructions given by any other Parties and will be binding on all Finance Parties save for the Security Agent. The Agent may refrain from acting in accordance with any instructions of any Lender or group of Lenders until it has received any indemnification and/or security that it may in its discretion require (which may be greater in extent than that contained in the Finance Documents and which may include payment in advance) for any cost, loss or liability which it may incur in complying with those instructions. In the absence of instructions, the Agent may act (or refrain from acting) as it ...