Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable Senior Creditor to enforce its rights hereunder in any of the aforesaid actions or proceedings, Senior Creditor is hereby irrevocably authorized and empowered, in Senior Creditor’s discretion, as follows:
Appears in 3 contracts
Samples: Subordination Agreement (Clever Leaves Holdings Inc.), Intercreditor and Subordination Agreement (Cyanotech Corp), Intercreditor Agreement (Dermavant Sciences LTD)
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable Senior Creditor to enforce its rights hereunder in any of the aforesaid actions or proceedings, Senior Creditor is hereby irrevocably authorized and empowered, in Senior Creditor’s 's discretion, as follows:
Appears in 3 contracts
Samples: Subordination Agreement (Furniture Com Inc), Subordination Agreement (Vignette Corp), Loan and Security Agreement (Colo Com)
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable Senior Creditor to enforce its rights hereunder in any of the aforesaid actions or proceedings, Senior Creditor is hereby irrevocably authorized and empowered, in Senior Creditor’s discretion, as follows:
Appears in 2 contracts
Samples: Subordination Agreement (U S Wireless Data Inc), Intercreditor Agreement (Diomed Holdings Inc)
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable each Senior Creditor to enforce its rights hereunder in any of the aforesaid actions or proceedings, each Senior Creditor is hereby irrevocably authorized and empowered, in each Senior Creditor’s 's discretion, as follows:
Appears in 1 contract
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable Senior Creditor Creditors to enforce its their rights hereunder in any of the aforesaid actions or proceedings, Senior Creditor is Creditors are hereby irrevocably authorized and empowered, in Senior Creditor’s Creditors’ discretion, as follows:
Appears in 1 contract
Samples: Subordination Agreement (Clever Leaves Holdings Inc.)
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable Senior Creditor Agent, to enforce its the rights of the Senior Creditors hereunder in any of the aforesaid actions or proceedings, Senior Creditor Agent, is hereby irrevocably authorized and empowered, in Senior Creditor’s discretion, as follows:
Appears in 1 contract
Grant of Authority. In the event of the occurrence of an Insolvency Event, and in order to enable the Senior Creditor to enforce its rights hereunder in any of the aforesaid actions or proceedings, the Senior Creditor is hereby irrevocably authorized and empowered, in the Senior Creditor’s 's discretion, as follows:
Appears in 1 contract
