Common use of Authority of Agent Clause in Contracts

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 14 contracts

Samples: Guaranty and Security Agreement (Rimini Street, Inc.), Guaranty and Security Agreement (Rimini Street, Inc.), Guaranty and Security Agreement

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Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 12 contracts

Samples: Guaranty and Security Agreement, Guaranty and Security Agreement (Diplomat Pharmacy, Inc.), Guaranty and Security Agreement (Diplomat Pharmacy, Inc.)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 8 contracts

Samples: Security Agreement (McBc Holdings, Inc.), Collateral Agreement (Clarksburg Skylark, LLC), Security Agreement (Hovnanian Enterprises Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 8 contracts

Samples: First Lien Guaranty and Security Agreement (GSE Holding, Inc.), Credit Agreement (GSE Holding, Inc.), First Lien Guaranty and Security Agreement (GSE Holding, Inc.)

Authority of Agent. (a) Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 6 contracts

Samples: Intercreditor Agreement, Credit Agreement (Affinion Group, Inc.), Intercreditor Agreement (Staples Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 4 contracts

Samples: Second Lien Security Agreement (Hovnanian Enterprises Inc), First Lien Security Agreement (Hovnanian Enterprises Inc), First Lien Security Agreement (Hovnanian Enterprises Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (Acer Therapeutics Inc.), Guarantee and Collateral Agreement (Acer Therapeutics Inc.), Guarantee and Collateral Agreement (Biotricity Inc.)

Authority of Agent. Each The Grantor acknowledges that the rights and responsibilities of the Agent under this Security Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 4 contracts

Samples: Subsidiary Security Agreement (Oro Spanish Broadcasting Inc), Pledge Agreement (Oro Spanish Broadcasting Inc), Credit and Guarantee Agreement (Warren S D Co /Pa/)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between among the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement Documents and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall not be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 3 contracts

Samples: Subsidiary Security Agreement (Remington Arms Co Inc/), Patent and Trademark Security Agreement (Remington Arms Co Inc/), Subsidiary Security Agreement (Remington Arms Co Inc/)

Authority of Agent. Each The Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Canadian Pledge Agreement (Elizabeth Arden Inc), Canadian Security Agreement (Elizabeth Arden Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Hooper Holmes Inc), Guarantee and Collateral Agreement (Pdi Inc)

Authority of Agent. (a) Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Security Agreement (Enbridge Energy Partners Lp), Security Agreement (Midcoast Energy Partners, L.P.)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Credit Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Credit Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Guaranty and Security Agreement, Guaranty and Security Agreement (Vertex Energy Inc.)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full full, and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Beacon Enterprise Solutions Group Inc), Guarantee and Collateral Agreement (Focus Venture Partners, Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Facility Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Endologix Inc /De/)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Elizabeth Arden Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Hovnanian Enterprises Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor the Grantors shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Elizabeth Arden Inc)

Authority of Agent. Each Grantor acknowledges that the rights and ------------------ responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Nitinol Medical Technologies Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Loan Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Talbots Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Fiesta Restaurant Group, Inc.)

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Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any GrantorGrantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Multiband Corp)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement Notes and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (AgeX Therapeutics, Inc.)

Authority of Agent. Each The Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement Loan Documents and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Execution Version (Aps Holding Corporation)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesHolders, be governed by the Credit Section 6 of this Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Holders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Cardiac Science Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Loan Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Security Agreement (CURO Group Holdings Corp.)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement Note and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (AgeX Therapeutics, Inc.)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this 43 Security Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Agent and the other Secured PartiesBanks, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any each Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Banks with full and valid authority so to act or refrain from acting, and no each Grantor shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Domestic Pledge Agreement (Lear Seating Corp)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Financing Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantorthe Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Titanium Metals Corp)

Authority of Agent. Each Grantor acknowledges that the ------------------ rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any Grantorthe Grantors, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (G&l Realty Corp)

Authority of Agent. Each The Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Oro Spanish Broadcasting Inc)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the other Secured PartiesLenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any such Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no such Grantor shall be under any obligation no obligation, or entitlement entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Senior Security Agreement (RBX Corp)

Authority of Agent. Each The Grantor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the 12 12 Agent and the other Secured PartiesLenders, be governed by the Credit Agreement Loan Documents and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and any the Grantor, the Agent shall be conclusively presumed to be acting as agent for the Secured Parties Lenders with full and valid authority so to act or refrain from acting, and no the Grantor shall not be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Trademark Security Agreement (Aps Holding Corporation)

Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any GrantorGrantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Rentech Nitrogen Partners, L.P.)

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