Secured Parties Representative May Perform Sample Clauses

Secured Parties Representative May Perform. If the Borrower fails to perform any agreement contained herein to be performed by it, the Secured Parties Representative may, upon the written instruction of the Controlling Class (or the Controlling Class Representative, on its behalf), and to the extent reasonably practicable, after 10 Business Days' prior written notice to the Borrower of its intention to do so, itself file, record, make, execute and deliver all such notices, instruments, statements and other documents, and take such acts, as the Controlling Class may reasonably determine to be necessary or desirable from time to time to perfect, preserve or otherwise protect the Security Interest of the Secured Parties and otherwise perform, or cause performance of, any other such actions as the Controlling Class shall reasonably determine is necessary or desirable, and the reasonable out-of-pocket expenses of the Secured Parties Representative incurred in connection therewith shall be payable by the Borrower and shall be part of the Secured Obligations. The powers conferred on the Secured Parties Representative hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Secured Parties Representative shall have no duty as to any Collateral or responsibility for (a) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not the Secured Parties Representative has or is deemed to have knowledge of such matters or (b) taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
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Secured Parties Representative May Perform. If the Borrower or any Investment Holding Subsidiary fails to perform any agreement contained herein to be performed by it, the Secured Parties Representative may, upon the written instruction of the Controlling Class (or the Controlling Class Representative, on its behalf), and to the extent reasonably practicable, after 10 Business Days' prior written notice to the Borrower or applicable Investment Holding Subsidiary of its intention to do so, itself file, record, make, execute and deliver all such notices, instruments, statements and other documents, and take such actions, as the Controlling Class may reasonably determine to be necessary or desirable from time to time to perfect, preserve or otherwise protect the Security Interest of the Secured Parties and otherwise perform, or cause performance of, any other such actions as the Controlling Class shall reasonably determine is necessary or desirable, and the reasonable out-of-pocket expenses of the Secured Parties Representative incurred in connection therewith shall be payable by the Borrower or applicable Investment Holding Subsidiary and shall be part of the Secured
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Related to Secured Parties Representative May Perform

  • Parties’ Representatives Both Parties shall ensure that throughout the term of this Agreement, a duly appointed Representative is available for communications between the Parties. The Representatives shall have full authority to deal with all day-to-day matters arising under this Agreement. If a Party’s Representative becomes unavailable, the Party shall promptly appoint another Representative. Acts and omissions of Representatives shall be deemed to be acts and omissions of the Party. Owner and CAISO shall be entitled to assume that the Representative of the other Party is at all times acting within the limits of the authority given by the Representative’s Party. Owner’s Representatives and CAISO’s Representatives shall be identified on Schedule J.

  • Administrative Agent May Perform If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, during the continuance of any Event of Default, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor pursuant to Section 6.3 hereof and Section 9.1 of the Credit Agreement and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

  • Collateral Agent May Perform If the Grantor fails to perform any agreement contained herein, the Collateral Agent may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Grantor pursuant to Section 6.2.

  • Secured Party May Perform If the Company fails to perform any agreement contained herein, the Secured Party, at its option, may itself perform, or cause performance of, such agreement, and the expenses of the Secured Party incurred in connection therewith shall be included in the Obligations secured hereby and payable by the Company under Section 8.3.

  • Party Representatives A. The Owner’s Designated Representative authorized to act in the Owner's behalf with respect to the Project is: Xxxxx Xxxxx, Area Manager Office of Facilities Planning & Construction The Texas A&M University System 000 Xxxxxx Xxxxxx, 2nd Floor College Station, Texas 77840-7896

  • Recipient’s Representative; Addresses 6.01. The Recipient’s Representative referred to in Section 7.02 of the Standard Conditions is the Minister of Finance.

  • Representative Access (A) The state agrees that designated Union Representatives shall have access to state controlled premises where employees are employed.

  • Reliance by Administrative Agent, L/C Issuer and Lenders The Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

  • Agent May Perform If any Grantor fails to perform any agreement contained herein, Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of Agent incurred in connection therewith shall be payable, jointly and severally, by Grantors.

  • Project Representatives The Contractor designates the following individual as project representative for all matters concerning this Agreement: Xxxxxx Xxxxxx Housing & Education Specialist 000 000xx Xxxxxx Xxxxxxx, XX 00000 Phone: 000-000-0000, ext. 127 Email: xxxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx The Authority designates the following individual as Contract Administrator/project representative to be the initial point of contact for all matters concerning this Agreement: Xxxx Xxxxxxxxxxxxx Authority Buyer 000 Xxxx Xxxxxxxx Xxxxxx Xxxxxxx, XX 00000 Email: XxxxxxxxxxxxxX0@xxxxxxxx.xxx The Contractor shall contact only the designated Contract Administrator with any Authority-related questions, work requests, etc., as described in this Agreement, as well as any Authority-related questions, work requests, etc., falling outside the scope of this Agreement. Except for changes to the performance schedule (not including the project’s completion date), the designated project representatives shall have no authority to make promises or binding obligations on behalf of the Authority, as such authority rests with the duly authorized persons executing this Agreement.

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