Common use of Authority of Agent Clause in Contracts

Authority of Agent. The Debtor 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 Lenders, be governed by the Revolving 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 the Debtor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 14 contracts

Samples: Security Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc)

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Authority of Agent. The Debtor Each Lender acknowledges that the rights and responsibilities of the Agent under this Security Agreement and the Loan Documents 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 and/or the other Loan Documents shall, as between the Agent and the Lenders, be governed by the Revolving Credit 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, ; and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 5 contracts

Samples: Credit Agreement (Oceaneering International Inc), Loan Agreement (Oceaneering International Inc), Loan Agreement (Oceaneering International Inc)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 3 contracts

Samples: Security Agreement (Hanover Compressor Co), Security Agreement (Hanover Compression Inc), Security Agreement (Hanover Compressor Co)

Authority of Agent. The Debtor Pledgor acknowledges that the rights and responsibilities of the Agent under this Security Pledge 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 Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Revolving 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 the DebtorPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither the Debtor Pledgor nor any Issuer shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Subsidiary Pledge Agreement (Oro Spanish Broadcasting Inc), Pledge Agreement (Oro Spanish Broadcasting Inc)

Authority of Agent. The Debtor Each Lender acknowledges that the rights and responsibilities of the Agent under this Security Agreement and the Loan Documents 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 and/or the other Loan Documents shall, as between the Agent and the Lenders, be governed by the Revolving Credit 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 the DebtorObligors, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, ; and the Debtor each Obligor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Loan Agreement (Natco Group Inc), Loan Agreement (Boots & Coots International Well Control Inc)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither the Debtor Borrower nor any Issuer shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Paxson Pledge Agreement (Paxson Communications Corp), Credit and Guarantee Agreement (Warren S D Co /Pa/)

Authority of Agent. The Debtor Borrower 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 in this Agreement or resulting or arising out of this Security Agreement shall, as between the Agent and the LendersBanks, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders Banks with full and valid authority so to act or refrain from acting, and the Debtor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Borrower Pledge Agreement (Gencor Industries Inc), Borrower Pledge Agreement (Gencor Industries Inc)

Authority of Agent. The Debtor Borrower 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 in this Agreement or resulting or arising out of this Security Agreement shall, as between the Agent and the LendersBanks, be governed by the Revolving Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, them but, as between the Agent and the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders Banks with full and valid authority so to act or refrain from acting, and the Debtor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Borrower Security Agreement (Gencor Industries Inc), Borrower Copyright Security Agreement (Gencor Industries Inc)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

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

Authority of Agent. The Debtor Each Lender acknowledges that the rights and responsibilities of the Agent under this Security Agreement and the Loan Documents 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 and/or the other Loan Documents shall, as between the Agent and the Lenders, be governed by the Revolving Credit 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, ; and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.. 10.12

Appears in 1 contract

Samples: Loan Agreement (Oceaneering International Inc)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Hanover Compressor Co /)

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Authority of Agent. The Each Debtor 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 Lendersother Purchasers, be governed by the Revolving Credit Securities Purchase Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the DebtorDebtors, the Agent shall be conclusively presumed to be acting as agent for the Lenders Purchasers with full and valid authority so to act or refrain from acting, and the no Debtor shall not be under any obligation, obligation or entitlement, entitlement to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Bloomios, Inc.)

Authority of Agent. The Debtor Each Borrower acknowledges that the rights and responsibilities of the Agent under this Security Agreement with respect to any action taken by the Agent 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 Agent, and the Lenders, be governed by the Revolving 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 the Debtorsuch Borrower, the Agent shall be conclusively presumed to be acting as agent agent, for the Lenders Agent, with full and valid authority so to act or refrain from acting, and the Debtor neither such Borrower nor any Issuer shall not be under any obligation, obligation or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Advanced Communication Systems Inc)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Authority of Agent. The Debtor Borrower 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 Lenders, be governed by the Revolving 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Collateral Agreement (Paxson Communications Corp)

Authority of Agent. The Debtor Borrower 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-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 Lenders, be governed by the Revolving DIP 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 the DebtorBorrower, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor Borrower shall not be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Smith Corona Corp)

Authority of Agent. The Debtor Each Obligor 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 Lenders, be governed by the Revolving 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 the DebtorObligors, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Debtor no Obligor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Ptek Holdings Inc)

Authority of Agent. The Debtor acknowledges Debtors acknowledge 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 LendersBanks, be governed by the Revolving Credit Agreement and by such other agreements agreement with respect thereto as may exist from time to time among them, but, as between the Agent and the DebtorDebtors, the Agent shall be conclusively presumed to be acting as agent for the Lenders Banks with full and valid authority so to act or refrain from acting, and the Debtor Debtors shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Form of Security Agreement (West Coast Entertainment Corp)

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