Common use of ACCESSION OF NEW PARTIES Clause in Contracts

ACCESSION OF NEW PARTIES. 6.1 All parties to this Agreement hereby irrevocably agree to any (additional) Swap Counterparty or such other party designated by the Security Trustee as Secured Creditor becoming a party to this Agreement following completion and execution of a letter substantially in the form of the Schedule hereto. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the Security Trustee to do such further acts as may reasonably be deemed required to agree to such new parties to accede to this Agreement on its behalf.

Appears in 3 contracts

Samples: Parallel Debt Agreement, Parallel Debt Agreement, Parallel Debt Agreement

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ACCESSION OF NEW PARTIES. 6.1 All parties to this Agreement hereby irrevocably agree to any (additional) Swap Counterparty or such other party designated by the Security Trustee as Secured Creditor Party becoming a party to this Agreement following completion and execution of a letter substantially in the form of the Schedule hereto. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the Security Trustee to do such further acts as may reasonably be deemed required to on its behalf accept, and thus agree to to, the accession of such new parties to accede to this Agreement on its behalfAgreement.

Appears in 2 contracts

Samples: Parallel Debt Agreement, Parallel Debt Agreement

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