Common use of Subagents Clause in Contracts

Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Agent may from time to time, when the Collateral Agent deems it to be necessary, appoint one or more subagents (each a “Subagent”) for the Collateral Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Agent so appoints any Subagent with respect to any Collateral, (a) the assignment and pledge of such Collateral and the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Agreement to have been made to such Subagent, in addition to the Collateral Agent, for the benefit of the Collateral Agent and the Secured Parties, as security for the Secured Obligations, (b) such Subagent shall automatically be vested, in addition to the Collateral Agent, with all rights, powers, privileges, interests and remedies of the Collateral Agent hereunder with respect to such Collateral, and (c) the term “Agent,” when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Agent with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extend expressly authorized in writing by the Collateral Agent.

Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Administrative Agent may from time to time, when the Collateral Administrative Agent deems it to be necessary, appoint one or more subagents (each a “Subagent”) for the Collateral Administrative Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Administrative Agent so appoints any Subagent with respect to any Collateral, (a) the assignment and pledge of such Collateral and the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Security Agreement to have been made to such Subagent, in addition to the Collateral Administrative Agent, for the benefit of the Collateral Administrative Agent and the Secured Parties, as security for the Secured Obligations, (b) such Subagent shall automatically be vested, in addition to the Collateral Administrative Agent, with all rights, powers, privileges, interests and remedies of the Collateral Administrative Agent hereunder with respect to such Collateral, and (c) the term “Administrative Agent,” ”, when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Administrative Agent with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extend extent expressly authorized in writing by the Collateral Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any Subagents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such Subagents.

Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Administrative Agent may from time to time, when the Collateral Administrative Agent deems it to be necessary, appoint one or more subagents (each a “Subagent”"SUBAGENT") for the Collateral Administrative Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Administrative Agent so appoints any Subagent with respect to any Collateral, (ai) the assignment and pledge of such Collateral and the security interest granted in such Collateral by each Grantor the Corporation hereunder shall be deemed for purposes of this Security Agreement to have been made to such Subagent, in addition to the Collateral Administrative Agent, for the ratable benefit of the Collateral Agent and the Secured Parties, as security for the Secured ObligationsObligations of the Corporation, (bii) such Subagent shall automatically be vested, in addition to the Collateral Administrative Agent, with all rights, powers, privileges, interests and remedies of the Collateral Administrative Agent hereunder with respect to such Collateral, and (ciii) the term “"Administrative Agent,” " when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Administrative Agent with respect to such Collateral, shall include such Subagent; providedPROVIDED, howeverHOWEVER, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extend extent expressly authorized in writing by the Collateral Administrative Agent.

Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Agent may from time to time, when the Collateral Agent deems it to be necessary, appoint one or more subagents (each a “Subagent”) for the Collateral Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Agent so appoints any Subagent with respect to any Collateral, (ai) the assignment and pledge of such Collateral and the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Agreement to have been made to such Subagent, in addition to the Collateral Agent, for the benefit of the Collateral Agent and the Secured PartiesLender Group, as security for the Secured ObligationsObligations of such Grantor, (bii) such Subagent shall automatically be vested, in addition to the Collateral Agent, with all rights, powers, privileges, interests and remedies of the Collateral Agent hereunder with respect to such Collateral, and (ciii) the term “Collateral Agent,” when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Agent with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extend extent expressly authorized in writing by the Collateral Agent.

Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Agent may from time to time, when the Collateral Agent deems it to be necessary, appoint one or more subagents (each a “Subagent”) for the Collateral Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Agent so appoints any Subagent with respect to any Collateral, (a) the assignment and pledge of such Collateral and the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Agreement to have been made to such Subagent, in addition to the Collateral Agent, for the benefit of the Collateral Agent and the Secured Parties, as security for the Secured Obligations, (b) such Subagent shall automatically be vested, in addition to the Collateral Agent, with all rights, powers, privileges, interests and remedies of the Collateral Agent hereunder with respect to such Collateral, and (c) the term “Collateral Agent,” when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Agent with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extend expressly authorized in writing by the Collateral Agent.