Common use of Authority to Administer Collateral Clause in Contracts

Authority to Administer Collateral. The Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’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 (to the extent necessary to pay the Secured Obligations in full):

Appears in 7 contracts

Samples: Security Agreement (United States Steel Corp), Security Agreement (United States Steel Corp), Security Agreement (United States Steel Corp)

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Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorBorrower’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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 6 contracts

Samples: Term Loan Security Agreement (Tower International, Inc.), Abl Security Agreement (Tower Automotive, LLC), Abl Security Agreement (Tower International, Inc.)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the such Lien Grantor’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 (to the extent necessary to pay the Secured Obligations in full):

Appears in 3 contracts

Samples: Subsidiary Security Agreement (United States Steel Corp), Subsidiary Security Agreement (United States Steel Corp), Subsidiary Security Agreement (United States Steel Corp)

Authority to Administer Collateral. The Each Lien Grantor irrevocably constitutes and appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorCompany’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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (NMI Holdings, Inc.), Credit Agreement (NMI Holdings, Inc.)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorCompany’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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (CNO Financial Group, Inc.), Guarantee and Security Agreement (CNO Financial Group, Inc.)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorBorrower’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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Credit Agreement (Kindred Healthcare, Inc), Credit Agreement (Kindred Healthcare Inc)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s 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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor's Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Unova Inc), Guarantee and Security Agreement (Unova Inc)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorUS 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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: First Lien Term Loan Security Agreement (Tower Automotive, LLC), First Lien Term Loan Security Agreement (Tower Automotive, LLC)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s Company'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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor's Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Conseco Inc), Guarantee and Security Agreement (Conseco Inc)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s U.S. Borrowers’ 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 such Lien Grantor’s Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 2 contracts

Samples: Security Agreement (Ryerson Tull Inc /De/), Guarantee and Security Agreement (Ryerson Inc.)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Administrative Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the such Lien Grantor’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 (to the extent necessary to pay the Secured Obligations in full):

Appears in 2 contracts

Samples: Security Agreement (Lyondell Chemical Co), Security Agreement (Equistar Chemicals Lp)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Administrative Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the such Lien Grantor’s Grantors 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 (to the extent necessary to pay the Secured Obligations in full):

Appears in 1 contract

Samples: Security Agreement (Lyondell Chemical Co)

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Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorBorrower’s reasonable 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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (GT Solar International, Inc.)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s Borrowers' 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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor's Collateral:

Appears in 1 contract

Samples: Security and Pledge Agreement (Qwest Communications International Inc)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien GrantorIssuer’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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Evergreen Energy Inc)

Authority to Administer Collateral. The Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s '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 (to the extent necessary to pay the Secured Obligations in full):

Appears in 1 contract

Samples: Security Agreement (United States Steel Corp)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, the Collateral Agent, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the such Lien Grantor’s '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 (to the extent necessary to pay the Secured Obligations in full):Collateral:

Appears in 1 contract

Samples: Pledge Agreement (Unova Inc)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Lien Grantor’s Issuers’ 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 (to the extent necessary to pay the Secured Obligations in full):such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Notes Security Agreement (Tower Automotive, LLC)

Authority to Administer Collateral. The Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of the such Lien Grantor, any Secured Party Lender or otherwise, for the sole use and benefit of the Secured PartiesLender, but at the Lien GrantorBorrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event if the Loans have been accelerated pursuant to Section 8 of Default shall have occurred and be continuingthe Senior Credit Agreement, all or any of the following powers with respect to all or any of the such Lien Grantor’s Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (AerCap Holdings N.V.)

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