Common use of Authorization of Actions to Be Taken Clause in Contracts

Authorization of Actions to Be Taken. (1) Each Holder of Securities, by its acceptance thereof, consents and agrees to the terms of each Security Document as originally in effect and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into the Security Documents to which it is a party, authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities and other Holders of Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 4 contracts

Samples: Indenture (Vault Holding 1, LLC), Indenture (Vault Holding 1, LLC), Indenture (Vault Holding 1, LLC)

AutoNDA by SimpleDocs

Authorization of Actions to Be Taken. (1a) Each Holder of SecuritiesNotes, by its acceptance thereof, consents and agrees to the terms of each Security Document Document, as originally in effect on the Issue Date and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into execute and deliver the Security Documents to which it is a party, party and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities Notes and other Holders holders of First-Priority Lien Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 3 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Authorization of Actions to Be Taken. (1a) Each Holder of SecuritiesNotes, by its acceptance thereof, consents and agrees to the terms of each Security Document Document, as originally in effect on the Issue Date and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into execute and deliver the Security Documents to which it is a party, party and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities Notes and other Holders holders of Second-Priority Lien Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 2 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Authorization of Actions to Be Taken. (1a) Each Holder of SecuritiesHolder, by its acceptance thereofof Securities, consents and agrees to the terms of each Security Document Document, as originally in effect and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into the Security Documents to which it is a party, and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders and other holders of Securities and other Holders of Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Indenture (Verso Paper Corp.)

Authorization of Actions to Be Taken. (1A) Each Holder of SecuritiesNotes, by its acceptance thereof, (i) consents and agrees to the terms of each Security Document Document, as originally in effect and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, (ii) authorizes and directs the Trustee and the Collateral Agent to enter into the Security Documents to which it is a party, and (iii) authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities and other Holders of Obligations Notes as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bristow Group Inc)

Authorization of Actions to Be Taken. (1a) Each Holder of SecuritiesHolder, by its acceptance thereof, consents and agrees to the terms of each Security Document Document, as originally in effect on the Issue Date and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into execute and deliver the Security Documents to which it is a party, party and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities and other Additional Debt Holders of Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Indenture (Digitalglobe Inc)

AutoNDA by SimpleDocs

Authorization of Actions to Be Taken. (1a) Each Holder of Securities, by its acceptance thereof, Notes consents and agrees to the terms of each Security Document Document, as originally in effect and as amended, supplemented or replaced from time to time in accordance with its respective terms or and the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into the Security Documents to which it each is a party, and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities and other Holders of Obligations Notes as set forth in the Security Documents to which it the Trustee or the Collateral Agent is a party party, and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Supplemental Indenture (Zayo Group LLC)

Authorization of Actions to Be Taken. (1a) Each Holder of SecuritiesNotes, and each other Secured Party by its acceptance thereofof this Indenture, (i) consents and agrees to the terms of each Security Document Document, as originally in effect and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, (ii) authorizes and directs the Trustee and the Collateral Agent to enter into the Security Documents to which it is a party, and (iii) authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities Notes and the other Holders of Obligations Secured Parties as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Indenture (Medicine Man Technologies, Inc.)

Authorization of Actions to Be Taken. (1a) Each Holder of Securities, by its acceptance thereof, consents and agrees to the terms of each Security Document Document, as originally in effect on the Issue Date and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of this Indenture, authorizes and directs the Trustee and the Collateral Agent to enter into execute and deliver the Security Documents to which it is a party, party and authorizes and empowers the Trustee and the Collateral Agent to bind the Holders of Securities and other Holders of Obligations as set forth in the Security Documents to which it is a party and to perform its obligations and exercise its rights and powers thereunder.

Appears in 1 contract

Samples: Indenture (Sai Tn Hc2, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.