Common use of Concerning the Collateral and the Related Loan Documents Clause in Contracts

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Loans, applicable Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements) and all interest, fees and expenses hereunder constitute one Indebtedness, secured pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 4.6.

Appears in 6 contracts

Samples: Credit Agreement (United Rentals North America Inc), Credit Agreement (Herc Holdings Inc), Credit Agreement (United Rentals North America Inc)

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Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Administrative Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the LendersCredit Providers. Each Lender agrees that any action taken by the Agent Administrative Agent, the Required Lenders, or the Required Majority Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent Administrative Agent, the Required Lenders, or the Required Majority Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Revolving Loans (including the Agent Advances and the Non-Ratable Loans, applicable Agent Advances, applicable Swingline Loans), Bank Products (including all Hedge Agreements) Products, and all interest, fees fees, and expenses hereunder constitute one IndebtednessDebt, secured pari passu by all of the applicable Collateral, subject to the order of distribution of payments set forth in Section 4.6.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Loans, applicable Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements) and all interest, fees and expenses hereunder constitute one IndebtednessDebt, secured pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 4.64.7.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc /De)

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Loans, applicable Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements) Term Loans and all interest, fees and expenses hereunder constitute one Indebtedness, secured pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 4.64.5.

Appears in 1 contract

Samples: Lease Agreement (United Rentals North America Inc)

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Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the LendersCredit Providers. Each Lender agrees that any action taken by the Agent Agent, the Required Lenders, or the Required Majority Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent Agent, the Required Lenders, or the Required Majority Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Revolving Loans (including the Agent Advances and the Non-Ratable Loans, applicable Agent Advances, applicable Swingline Loans), Bank Products (including all Hedge Agreements) Products, and all interest, fees fees, and expenses hereunder constitute one Indebtedness, secured pari passu by all of the applicable Collateral, subject to the order of distribution of payments set forth in Section 4.62.11(e).

Appears in 1 contract

Samples: Loan Agreement (American Barge Line Co)

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders, as applicable, of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Loans, applicable Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements) Term Loans and all interest, fees and expenses hereunder constitute one Indebtedness, secured pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 4.64.4.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (United Rentals North America Inc)

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