Common use of Agency for Perfection Clause in Contracts

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 15 contracts

Samples: Credit Agreement (Supervalu Inc), Credit Agreement (Destination Maternity Corp), Credit Agreement (BJ's Wholesale Club Holdings, Inc.)

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Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent Agents and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possessionpossession or control. Should any Lender (other than the Administrative AgentAgents) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent Agents thereof, and, promptly upon the Administrative Collateral Agent’s request therefor shall deliver such Collateral to the Administrative Collateral Agent or otherwise deal with such Collateral in accordance with the Administrative Collateral Agent’s instructions.

Appears in 11 contracts

Samples: Term Loan Agreement (Keane Group, Inc.), Intercreditor Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Keane Group, Inc.)

Agency for Perfection. Each Lender The Administrative Agent hereby appoints each other Lender as its agent (and each Lender hereby accepts such appointment) for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, Agent’s Liens in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 4 contracts

Samples: Credit Agreement (Franklin Credit Holding Corp/De/), Credit Agreement (Franklin Credit Holding Corp/De/), Credit Agreement (Franklin Credit Management Corp)

Agency for Perfection. Each Lender hereby appoints the Administrative Agent and each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, ' Liens in assets Collateral which, in accordance with Article 9 of the UCC Uniform Commercial Code in any applicable jurisdiction or any other applicable Law of the United States otherwise, can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s 's request therefor therefor, shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s 's instructions.

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s 's request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 2 contracts

Samples: Credit Agreement (Cambium Learning Group, Inc.), Credit Agreement (Cambium Learning Group, Inc.)

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Applicable Law of the United States of America can be perfected only by possessionpossession or control. Should any Lender (other than the Administrative Agent) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor therefor, shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 2 contracts

Samples: Credit Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co)

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the LendersSecured Parties, in assets which, in accordance with Article 9 of the UCC or any other applicable Applicable Law of the United States of America or otherwise can be perfected only by possession. Should any Lender Secured Party (other than the Administrative Agent) obtain possession of any such Collateral, such Lender Secured Party shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent Agent, or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 2 contracts

Samples: Credit Agreement (Advance Holdings, LLC), Credit Agreement (Books a Million Inc)

Agency for Perfection. Each Lender hereby appoints each other Lender the Administrative Agent as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC Uniform Commercial Code or any other applicable Law law of the United States of America or Canada, can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, thereof and, promptly upon the Administrative Agent’s request therefor therefor, shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 2 contracts

Samples: Security Agreement (Zale Corp), Credit Agreement (Z Investment Holdings, LLC)

Agency for Perfection. Each Lender Administrative Agent hereby appoints each other Lender as its agent (and each Lender hereby accepts such appointment) for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, Agent's Liens in assets which, in accordance with Article 9 8 or Article 9, as applicable, of the UCC or any other applicable Law of the United States can be perfected only by possessionpossession or control. Should any Lender (other than the Administrative Agent) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s 's request therefor shall deliver possession or control of such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s 's instructions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc), Loan and Security Agreement (Icts International N V)

Agency for Perfection. Each The Administrative Agent and each Lender hereby appoints the Administrative Agent and each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 2 contracts

Samples: Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc)

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Agency for Perfection. Each Subject to the provisions of Section 12.17(b), each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, ' security interest in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States law, can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s 's request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s 's instructions.

Appears in 1 contract

Samples: Possession Credit Agreement (Foamex International Inc.)

Agency for Perfection. Each Lender hereby appoints each other Lender Administrative Agent as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, ’ security interest in assets Collateral which, in accordance with Article 9 of the UCC or in any other applicable Law of the United States jurisdiction, can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall hold such Collateral for purposes of perfecting a security interest therein for the benefit of the Lenders, notify the Administrative Agent thereof, thereof and, promptly upon the Administrative Agent’s request therefor shall therefor, deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral act in respect thereof in accordance with the Administrative Agent’s instructions.

Appears in 1 contract

Samples: Bridge Loan and Security Agreement (Uniti Group Inc.)

Agency for Perfection. Each Lender The Administrative Agent hereby appoints each other Lender as its agent (and each Lender hereby such appointment) for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lenders, Agent’s Liens in assets which, in accordance with Article 9 8 or Article 9, as applicable, of the UCC or any other applicable Law of the United States can be perfected only by possessionpossession or control. Should any Lender (other than the Administrative Agent) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver possession or control of such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens Liens, for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Requirement of Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s 's request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s 's instructions.

Appears in 1 contract

Samples: Credit Agreement (Txi Cement Co)

Agency for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the Lendersother Credit Parties, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possessionpossession or control. Should any Lender (other than the Administrative Agent) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

Appears in 1 contract

Samples: Credit Agreement (C&J Energy Services, Inc.)

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