Common use of Powers Coupled with an Interest Clause in Contracts

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender to extend credit under the Senior Loan Documents is irrevocably terminated.

Appears in 4 contracts

Samples: Intercreditor and Subordination Agreement (Industrial Services of America Inc), Intercreditor and Subordination Agreement (Industrial Services of America Inc), Intercreditor and Subordination Agreement (Industrial Services of America Inc)

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Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender any commitment to extend credit make Advances under the Senior Loan Documents is irrevocably Credit Agreement has been terminated.

Appears in 3 contracts

Samples: Subordination Agreement (Mei Holdings L P), Subordination Agreement (Mei Genpar Lp), Subordination Agreement (Mei Genpar Lp)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender to extend credit commitments under the Senior Loan Documents is irrevocably Credit Agreement are terminated.

Appears in 2 contracts

Samples: Intercreditor Agreement (Sunbeam Corp/Fl/), Intercreditor Agreement (Sunbeam Corp/Fl/)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender Lenders' commitments to extend credit under make loans to the Senior Loan Documents is irrevocably Borrowers are terminated.

Appears in 2 contracts

Samples: Credit Agreement (Tweeter Home Entertainment Group Inc), Tweeter Trust Subordination Agreement (Tweeter Home Entertainment Group Inc)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are Debt is indefeasibly paid and performed in full and the obligation all of Senior Lender to extend credit under the Senior Loan Documents is irrevocably are terminated.

Appears in 1 contract

Samples: Credit Agreement (Sanders Morris Harris Group Inc)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender Bank’s commitment to extend credit make any Loans under the Senior Loan Documents Credit Agreement is irrevocably terminated.

Appears in 1 contract

Samples: Subordinated Note Intercreditor and Subordination Agreement (Open Link Financial, Inc.)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are indefeasibly paid and satisfied in full and the obligation of Senior Lender to extend credit under the Senior Loan Documents is irrevocably are terminated.

Appears in 1 contract

Samples: Subsidiary Pledge Agreement (Mounger Corp)

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Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of the Senior Lender Lenders to extend credit under the Senior Loan Documents is irrevocably terminated.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Good Guys Inc)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the outstanding Senior Obligations are paid in full and the obligation of Senior Lender in cash. Exhibit F to extend credit under the Senior Loan Documents is irrevocably terminated.Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Polycom Inc)

Powers Coupled with an Interest. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full and the obligation of Senior Lender Agent and Lenders to extend credit under the Senior Loan Documents is irrevocably terminated.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (United Shipping & Technology Inc)

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