TK » Topics » 25.1 Appointment of the Administrative Agent

This excerpt taken from the TK 20-F filed Apr 8, 2005.

25.1     Appointment of the Administrative Agent

Each of the other Finance Parties appoints the Administrative Agent to act as its agent under and in connection with the Finance Documents and authorises the Administrative Agent to exercise the rights, powers, authorities and discretions specifically delegated to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

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