Common use of Collateral Agent Appointed Attorney-in-Fact Clause in Contracts

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been made), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 3 contracts

Samples: Security Agreement (Whole Foods Market Inc), Security Agreement (Whole Foods Market Inc), Security Agreement (Adams Respiratory Therapeutics, Inc.)

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Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full in cash of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madeObligations), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 3 contracts

Samples: Revolving Facility Security Agreement (Dana Holding Corp), Security Agreement (Dana Holding Corp), Term Facility Security Agreement (Dana Holding Corp)

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent as such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madein accordance with Section 1.02(b) of the Credit Agreement), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, exercisable upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 2 contracts

Samples: Security Agreement (Express, Inc.), Security Agreement (Express, Inc.)

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full in cash of all the Secured Obligations (other than contingent indemnification claims as to which no demand has been madeUnmatured Surviving Obligations), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 2 contracts

Samples: Intercreditor Agreement (Express Parent LLC), Intercreditor Agreement (Express Parent LLC)

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full in cash of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madeunder the Loan Documents), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 1 contract

Samples: Revolving Facility Security Agreement (Dana Holding Corp)

Collateral Agent Appointed Attorney-in-Fact. Each For valuable consideration, each Grantor hereby irrevocably appoints the Collateral Agent or any Receiver (as defined in Section 15(a)) appointed by the Collateral Agent pursuant to this Agreement such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been made)fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable or such Receiver’s discretion, to take any action and to execute any instrument that the Collateral Agent or such Receiver may deem reasonably necessary or advisable to accomplish the purposes of this AgreementAgreement (in accordance with this Agreement and each other applicable Loan Document), including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Axalta Coating Systems Ltd.)

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such which appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madeshall be irrevocable and deemed coupled with an interest), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, time in the Collateral Agent’s reasonable discretion, upon and during the occurrence and continuance of an Secured Debt Default and upon prior written notice to the Borrower by the Collateral Agent in accordance with the DIP Refinancing Order, to take any action and to execute any instrument that which the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 1 contract

Samples: Security and Pledge Agreement (Calpine Corp)

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Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full in cash of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madeunder the Loan Documents), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of DefaultDefault and subject to any Intercreditor Agreement, in the Collateral Agent’s reasonable discretion, to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Dana Inc)

Collateral Agent Appointed Attorney-in-Fact. Each For valuable consideration, each Grantor hereby irrevocably appoints the Collateral Agent or any Receiver (as defined in Section 16(a)) appointed by the Collateral Agent pursuant to this Agreement such Grantor’s attorney-in-fact (such appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been made)fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, in the Collateral Agent’s reasonable or such Receiver’s discretion, to take any action and to execute any instrument that the Applicable Collateral Agent or such Receiver may deem reasonably necessary or advisable to accomplish the purposes of this AgreementAgreement (in accordance with this Agreement and each other applicable Secured Document), including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Axalta Coating Systems Ltd.)

Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Collateral Agent such Grantor’s attorney-in-fact (such which appointment to cease upon the payment in full of all the Secured Obligations other than contingent indemnification claims as to which no demand has been madeshall be irrevocable and deemed coupled with an interest), with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of Default, time in the Collateral Agent’s reasonable discretion, upon and during the occurrence and continuation of an Event of Default and upon prior notice to the Borrower by the Collateral Agent in accordance with Section 7 of the Credit Agreement and the Orders, to take any action and to execute any instrument that which the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

Appears in 1 contract

Samples: And Restated Security and Pledge Agreement (Calpine Corp)

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