Common use of General Grant Clause in Contracts

General Grant. Subject to Sections 4.1, 4.2, 4.3, and 4.4 hereof, the Common Representative is hereby irrevocably entitled and empowered, on behalf of the Second Priority Indenture Trustee (on its behalf and on behalf of the Second Priority Holders), the Second Priority Collateral Trustee (on its behalf and on behalf of the Second Priority Holders), and the Second Priority Holders, as “recognized creditors” (Acreedores Reconocidos) under the Concursos Law or otherwise, by intervention in any Insolvency or Liquidation Proceeding or otherwise, to exercise any of the Powers granted to or vested in the Common Representative hereunder, including but not limited to (i) taking any and all actions and filing, submitting, or executing any and all documents, releases, instruments, powers of attorney, or other papers that the Common Representative deems necessary or appropriate to exercise the Powers or otherwise comply with the terms of this Agreement, and (ii) instituting and maintaining such suits and proceedings as it may deem appropriate to protect and enforce the Powers granted to and vested in it by this Agreement and proceeding by suit or suits at law or in equity to enforce such Powers under the judgment or decree of a court of competent jurisdiction.