Common use of Designation of Lead Borrower as Borrowers’ Agent Clause in Contracts

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Revolving Credit Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued as if made directly by the Lenders to such Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 14 contracts

Samples: Credit Agreement (Burlington Stores, Inc.), Credit Agreement (Books a Million Inc), Credit Agreement (Gymboree Corp)

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Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 12 contracts

Samples: Credit Agreement (Footstar Inc), Credit Agreement (GameStop Corp.), Credit Agreement (Tweeter Home Entertainment Group Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s agent to obtain Revolving Credit Loans and Letters of CreditCredit or Acceptances hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit and Acceptances so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit and Acceptances are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Caleres Inc), Credit Agreement (Caleres Inc), Credit Agreement (Brown Shoe Co Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Domestic Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Domestic Borrower’s agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Domestic Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Domestic Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Domestic Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Domestic Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Genesco Inc), Credit Agreement (Genesco Inc), Credit Agreement (Genesco Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Domestic Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Domestic Borrower’s agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Domestic Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Domestic Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Domestic Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Domestic Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Genesco Inc), Assignment and Assumption (Genesco Inc), Credit Agreement (Circuit City Stores Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain Revolving Credit Loans and Letters of CreditL/Cs under this Agreement, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth in Section 2.1(d). As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit L/Cs so issued under this Agreement as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit L/Cs are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Shopko Stores Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) i. Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Revolving Credit Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued as if made directly by the Lenders to such Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Burlington Stores, Inc.)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain loans and advances under the Revolving Credit Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth in Section 2.1(d). As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Revolving Credit Lender on account of loans and advances so made under the Revolving Credit Loans so made and Letters of Credit so issued as if made directly by the Revolving Credit Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans loans and Letters of Credit advances are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain obtain[ Revolving Credit Credit] Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of of[ Revolving Credit Credit] Loans so made and Letters of Credit so issued as if made directly by the Lenders to such Borrower, notwithstanding the manner by which such such[ Revolving Credit Credit] Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Gymboree Corp)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such or for the benefit of that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Advanced Audio Concepts, LTD)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each a)Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s agent to obtain Revolving Credit Loans and Letters of CreditCredit or Acceptances hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit and Acceptances so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit and Acceptances are recorded on the books and records of the Lead Borrower and of any other Borrower.. ​ ​

Appears in 1 contract

Samples: Credit Agreement (Caleres Inc)

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Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain Revolving Credit Loans and Letters of CreditCredit or Acceptances hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit and Acceptances so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit and Acceptances are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Brown Shoe Co Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tweeter Home Entertainment Group Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Domestic Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Domestic Borrower’s 's agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Domestic Borrower for such those uses as are permitted under this Agreement109 those set forth herein. As the disclosed principal for its agent, each Domestic Borrower shall be obligated to the Administrative Agent Agents and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Domestic Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Domestic Borrower.

Appears in 1 contract

Samples: Credit Agreement (Circuit City Stores Inc)

Designation of Lead Borrower as Borrowers’ Agent. (a) []Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower[']’s agent to obtain Revolving Credit Loans and Letters of CreditCredit hereunder, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued hereunder as if made directly by the Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (GameStop Corp.)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Revolving Credit Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement, and otherwise to act on its behalf as provided herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Revolving Credit Loans so made and Letters of Credit so issued as if made directly by the Lenders to such Borrower, notwithstanding the manner by which such Revolving Credit Loans and Letters of Credit are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Michaels Companies, Inc.)

Designation of Lead Borrower as Borrowers’ Agent. (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such that Borrower’s 's agent to obtain loans and advances under the Revolving Credit Loans and Letters of Credit, the proceeds of which shall be available to each Borrower for such those uses as are permitted under this Agreementthose set forth in Section 2:2-1(d). As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Revolving Credit Lender on account of loans and advances so made under the Revolving Credit Loans so made and Letters of Credit so issued as if made directly by the Revolving Credit Lenders to such that Borrower, notwithstanding the manner by which such Revolving Credit Loans loans and Letters of Credit advances are recorded on the books and records of the Lead Borrower and of any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

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