Lender Authorization. After the occurrence and during the continuance of any Default (including the commencement and continuation of any Insolvency Proceeding relating to any other Credit Party), the Lender is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and if such Guarantor fails to do so, to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Lender for application to the Guaranteed Obligations (including any and all Post Petition Interest).
Lender Authorization. 3.8.10.1. Borrower hereby irrevocably authorizes Lender and any designee of Lender, at Borrower’s sole expense, to exercise at any time in Lender’s or such designee’s Sole Discretion all or any of the following powers as attorney in fact of Borrower until all of the Obligations (other than contingent obligations) have been paid in full:
Lender Authorization. Each Lender hereby grants to the Administrative Agent all requisite authority to (i) acquire the Existing Empire State Mortgage Debt on behalf of the Term A Lenders, and accept any Term A Note on their behalf, (ii) enter into Mortgage Debt Assignments on behalf of the Revolving Credit Lenders, and accept any Revolving Credit Note on their behalf and (iii) enter into any of the transactions or arrangements contemplated under this Section 2.22 on behalf of the applicable Lenders, and to bind such Lenders thereto by the Administrative Agent’s entering into or otherwise becoming bound thereby, and no further consent or approval on the part of any Lender is or will be required in connection with any such actions taken by the Administrative Agent.
Lender Authorization. Each Existing Lender and each New Lender authorizes and instructs the Administrative Agent to enter into the Restated Credit Agreement and any and all additional Loan Documents (as defined in the Restated Credit Agreement) or other agreements or documents contemplated hereunder or in the Restated Credit Agreement as Administrative Agent on such Lender’s behalf.
Lender Authorization. After the occurrence and during the continuance of any Default, the Lender is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Lender for application to the Guaranteed Obligations (including any and all Post Petition Interest).
Lender Authorization. Neither the execution and delivery of this Agreement, nor the occurrence of the obligations set forth in this Agreement, nor the consummation of the transactions contemplated by this Agreement, nor compliance with the terms of this Agreement will conflict with or result in a breach of any of the terms, conditions, or provisions of, or constitute a default under, any bond, note or other evidence of indebtedness or any contract, indenture, mortgage, deed of trust, loan, agreement, lease or other agreement or instrument to which Buyer is a party or by which any of Buyer's properties may be bound, which, in the aggregate, would have a material adverse effect on Buyer's ability to perform its obligations hereunder;
Lender Authorization. Neither the execution and delivery of this Agreement, nor the occurrence of the obligations set forth in this Agreement, nor the consummation of the transactions contemplated by this Agreement, nor compliance with the terms of this Agreement will (i) conflict with or result in a breach of any of the terms, conditions, or provisions of, or constitute a default under, the organizational and governing documents of Buyer, any bond, note or other evidence of indebtedness or any contract, indenture, mortgage, deed of trust, loan, agreement, lease or other agreement or instrument to which Buyer is a party or by which any of Buyer's properties may be bound, (ii) constitute a violation of any judgment, decree or order applicable to Buyer, or (iii) require the consent, waiver of approval of any third party which has not been obtained by Buyer, which, in the aggregate, would have a material adverse effect on Buyer's ability to perform its obligations hereunder;
Lender Authorization. The Administrative Agent shall have received signed written authorization from the requisite Lenders to execute this Agreement.
Lender Authorization. The Lenders party hereto hereby authorize and direct the Administrative Agent to execute, deliver and perform this Amendment.
Lender Authorization. After the occurrence and during the continuance of any Default or Event of Default or any default by Guarantor hereunder (including the commencement and continuation of any Insolvency Proceeding relating to Borrower), Lender is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations, and (ii) to require Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to Lender for application to the Guaranteed Obligations.
