Common use of Authority to Administer Collateral Clause in Contracts

Authority to Administer Collateral. The Borrower irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the Borrower, the Collateral Agent, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Pledge Agreement (Unova Inc)

AutoNDA by SimpleDocs

Authority to Administer Collateral. The Borrower Each Debtor irrevocably appoints the Collateral Agent its true and lawful attorney, attorney with full power of substitution, in the name of the Borrower, the Collateral Agentsuch Debtor, any Secured Lender Party or otherwise, for the sole use and benefit of the Secured Lender Parties, but at the Borrower's Debtors' expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of a Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Debtors' Collateral (to the Collateral:extent necessary to pay the Liabilities in full):

Appears in 1 contract

Samples: Security Agreement (Fargo Electronics Inc)

Authority to Administer Collateral. The Borrower Subject to the terms of the Intercreditor Agreement, each Debtor irrevocably appoints the Collateral Agent Trustee its true and lawful attorney, attorney with full power of substitution, in the name of the Borrower, the Collateral Agent, any Secured Party or otherwisesuch Debtor, for the sole use and benefit of the Secured Parties, but at the Borrower's Debtors’ expense, to the extent permitted by law law, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, subject to the provisions set forth in the Intercreditor Agreement, all or any of the following powers with respect to all or any of the such Debtor’s Collateral:

Appears in 1 contract

Samples: Notes Security Agreement (Protection One Alarm Monitoring Inc)

Authority to Administer Collateral. The Borrower Each Debtor irrevocably appoints the Collateral Agent Trustee its true and lawful attorney, attorney with full power of substitution, in the name of the Borrower, the Collateral Agent, any Secured Party or otherwisesuch Debtor, for the sole use and benefit of the Secured Parties, but at the Borrower's Debtors' expense, to the extent permitted by law law, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, subject to the provisions set forth in the Intercreditor Agreement, all or any of the following powers with respect to all or any of the such Debtor's Collateral:

Appears in 1 contract

Samples: Notes Security Agreement (Integrated Alarm Services Group Inc)

AutoNDA by SimpleDocs

Authority to Administer Collateral. The Borrower Each Debtor irrevocably appoints the Collateral Agent Bank its true and lawful attorney, attorney with full power of substitution, in the name of the Borrower, the Collateral Agentsuch Debtor, any Secured Lender Party or otherwise, for the sole use and benefit of the Secured Lender Parties, but at the Borrower's Debtors’ expense, to the extent permitted by law law, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of the such Debtors’ Collateral:

Appears in 1 contract

Samples: Security Agreement (Integrated Alarm Services Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.