Common use of Actions with Respect to Accounts Clause in Contracts

Actions with Respect to Accounts. Upon the occurrence and during the continuance of an Event of Default,, each Grantor shall be deemed to have irrevocably and automatically appointed the Administrative Agent (and any of the Administrative Agent’s designated officers, employees or agents) as its true and lawful attorney-in-fact with power to sign its name and to take any of the following actions, in its name or in the name of the Administrative Agent, as the Administrative Agent may determine (except as expressly limited in this Section 5) without notice to such Grantor and at such Grantor’s expense:

Appears in 1 contract

Samples: Credit Agreement (Allegheny Technologies Inc)

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Actions with Respect to Accounts. Upon the occurrence Each Grantor irrevocably makes, constitutes and during the continuance of an Event of Default,, each Grantor shall be deemed to have irrevocably and automatically appointed appoints the Administrative Agent (and any of the Administrative Agent’s designated officers, employees or agents) as its true and lawful attorney-in-fact with power to sign its name and to take any of the following actions, in its name or in the name of the Administrative Agent, as the Administrative Agent may determine determine, at any time after the occurrence and during the continuance of an Event of Default (except as expressly limited in this Section 5) without notice to such Grantor and at such Grantor’s expense:

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

Actions with Respect to Accounts. Upon the occurrence Each Grantor irrevocably makes, constitutes and during the continuance of an Event of Default,, each Grantor shall be deemed to have irrevocably and automatically appointed appoints the Administrative Agent (and any of the Administrative Agent’s designated officers, employees or agents) as its true and lawful attorney-in-fact with power to sign its name and, upon the occurrence and during the continuance of an Event of Default, to take any of the following actions, in its name or in the name of the Administrative Agent, as the Administrative Agent may determine determine, at any time (except as expressly limited in this Section 5) without notice to such Grantor and at such Grantor’s expense:

Appears in 1 contract

Samples: Security Agreement (Foster L B Co)

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Actions with Respect to Accounts. Upon the occurrence Each Grantor irrevocably makes, constitutes and during the continuance of an Event of Default,, each Grantor shall be deemed to have irrevocably and automatically appointed appoints the Administrative Agent (and any of the Administrative Agent’s 's designated officers, employees or agents) as its true and lawful attorney-in-fact attorney‑in‑fact with power to sign its name and, upon the occurrence and during the continuance of an Event of Default, to take any of the following actions, in its name or in the name of the Administrative Agent, as the Administrative Agent may determine determine, at any time (except as expressly limited in this Section 5) without notice to such Grantor and at such Grantor’s 's expense:

Appears in 1 contract

Samples: Security Agreement (Black Box Corp)

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