Common use of Additional Agents Clause in Contracts

Additional Agents. If the Administrative Agent shall from time to time deem it necessary or advisable to engage other agents for its own protection in the performance of its duties hereunder or in the interests of the Lenders, then the Administrative Agent and Borrowers shall execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the Collateral, with such powers as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 14 contracts

Samples: Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp), Loan and Security Agreement (Vse Corp)

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Additional Agents. If the Administrative Agent shall from time to time deem it necessary or advisable to engage other agents advisable, for its own protection in the performance of its duties hereunder or in the interests interest of the LendersLenders and if the Borrowers and the Required Lenders shall consent (which consent shall not be unreasonably withheld), then the Administrative Agent and the Borrowers shall execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the CollateralAgent, with such powers of the Agent as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 4 contracts

Samples: Credit Agreement (Norstan Inc), Credit Agreement (Black Box Corp), Credit Agreement (Curtiss Wright Corp)

Additional Agents. If the Administrative Agent shall from time to time deem it necessary or advisable to engage other agents advisable, for its own protection in the performance of its duties hereunder or in the interests interest of the LendersLenders and if the Borrower and the Required Lenders shall consent (which consent shall not be unreasonably withheld), then the Administrative Agent and Borrowers the Borrower shall execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the CollateralAgent, with such powers of the Agent as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 3 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Term Credit Agreement (Black Box Corp)

Additional Agents. If the Administrative Agent shall from time to time deem it ----------------- necessary or advisable to engage other agents advisable, for its own protection in the performance of its duties hereunder or in the interests interest of the Lenders, then the Administrative Agent and Borrowers the Borrower shall (and the Borrower shall cause the other Loan Parties to) execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons approved by the Administrative Agent, to act as co-Administrative co- Agent or a separate agent with respect to any part of the Collateralcollateral, with such powers of the Agent as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

Additional Agents. If the Administrative Agent shall from time to time deem it necessary or advisable to engage other agents for its own protection in the performance of its duties hereunder or in the interests of the Lenders, then the Administrative Agent and Borrowers shall execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the Collateral, with such powers as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit and Security Agreement (Mantech International Corp)

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Additional Agents. If the Administrative Agent shall from time to time deem it necessary or advisable to engage other agents advisable, for its own protection in the performance of its duties hereunder or in the interests interest of the LendersLender Parties, then the Administrative Agent and the Borrowers shall (and the Borrowers shall cause the other Loan Parties to) execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the Collateral, with such powers of the Agent as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Pledge Agreement (Genesis Health Ventures Inc /Pa)

Additional Agents. If the Administrative Agent shall from time to ----------------- time deem it necessary or advisable to engage other agents for its own protection in the performance of its duties hereunder or in the interests of the Lenders, then the Administrative Agent and Borrowers shall execute and deliver a supplemental agreement and all other instruments and agreements necessary or advisable, in the opinion of the Administrative Agent, to constitute another commercial bank or trust company, or one or more other Persons persons approved by the Administrative Agent, to act as co-Administrative Agent or a separate agent with respect to any part of the Collateral, with such powers as may be provided in such supplemental agreement, and with the power to vest in such bank, trust company or other Person person (as such co-Administrative Agent or separate agent, as the case may be), any properties, rights, powers, privileges and duties of the Administrative Agent under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Mantech International Corp)

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