Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's discretion, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitation: (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and (c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 2 contracts
Samples: Pledge Agreement (Key Components LLC), Pledge Agreement (Key Components LLC)
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's its attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's ’s discretion, following the occurrence and during the continuation of any Event of Default, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including including, without limitation:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Pledged Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and;
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Pledged Collateral; provided that, and with respect to this clause (c), such rights shall be exercised in accordance with Section 6.1; and
(d) to perform the affirmative obligations Obligations of such Pledgor hereunder (including Section 4.1)or under any other Loan Document. Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 2 contracts
Samples: Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data, Inc.)
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's as its attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's ’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Administrative Agent may reasonably deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents Instruments and chattel paperDocuments, in connection with clause (a) above; and;
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may reasonably deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and ; and
(d) to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1)hereunder. Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 2 contracts
Samples: u.s. Pledge Agreement (Monster Worldwide, Inc.), u.s. Pledge Agreement (Monster Worldwide, Inc.)
Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such the Pledgor's attorney-in-fact, with full authority in the place and stead of such the Pledgor and in the name of such the Pledgor or otherwise, from time to time in the Administrative Agent's discretion, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitation:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such the Pledgor hereunder (including Section 4.1). Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's its attorney-in-fact, with full authority in the place and stead of such the Pledgor and in the name of such the Pledgor or otherwise, from time to time in the Administrative Agent's discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx sue for, recover, compromise, receive and give acquittance and axx receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, writings in connection with clause (a) above; and;
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and ; and
(d) to perform the affirmative obligations of such the Pledgor hereunder (including Section 4.1)hereunder. Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such the Pledgor's attorney-in-fact, with full authority in the place and stead of such the Pledgor and in the name of such the Pledgor or otherwise, from time to time in the Administrative Agent's discretion, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationupon the occurrence and continuance of an Event of Default:
(a) to ask, demand, collect, xxx forsue xxx, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 1 contract
Samples: Pledge Agreement (Prosource Inc)
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's ’s attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's ’s discretion, to take any action and to execute any instrument writing or paper which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitation:
(a) : after the occurrence and continuance of an Event of Default, to ask, demand, collect, xxx sxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) ; to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, paper which the Administrative Agent may deem necessary in connection with clause (a) abovetherewith; and
(c) and to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such the Pledgor's attorney-in-fact, with full authority in the place and stead of such the Pledgor and in the name of such the Pledgor or otherwise, from at any time to time in the Administrative Agent's discretionthat an Event of Default has occurred and is continuing, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent as such Pledgor's ’s attorney-in-fact, with full authority and in the name, place and stead of such Pledgor and in the name of such Pledgor or otherwisein its own name, from time to time in the Administrative Agent's ’s discretion, upon the occurrence and during the continuance of any Event of Default, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitation:
(a) to ask, demand, collect, xxx sxx for, recover, compromise, compromise and receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's its attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's ’s discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, writings in connection with clause (a) above; and;
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and ; and
(d) to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1)hereunder. Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 1 contract
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Administrative Agent such Pledgor's its attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Administrative Agent's ’s discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Administrative Agent may reasonably deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents Instruments and chattel paperDocuments, in connection with clause (a) above; and;
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may reasonably deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and ; and
(d) to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1)hereunder. Each Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such the Pledgor's attorney-in-fact, with full authority in the place and stead of such the Pledgor and in the name of such the Pledgor or otherwise, from time to time in the Administrative Agent's discretion, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationupon the occurrence and during the continuance of an Event of Default:
(a) to ask, demand, collect, xxx forsue xxx, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 1 contract
Samples: Pledge Agreement (Prosource Inc)
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor The Borrower hereby irrevocably appoints the Administrative Agent such Pledgorthe Borrower's attorney-in-fact, with full authority in the place and stead of such Pledgor the Borrower and in the name of such Pledgor the Borrower or otherwise, from at any time to time in the Administrative Agent's discretionthat an Event of Default has occurred and is continuing, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each Pledgor The Borrower hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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Administrative Agent Appointed Attorney-in-Fact. Each The Pledgor hereby irrevocably appoints the Administrative Agent such as the Pledgor's attorney-in-fact, with full authority and in the name, place and stead of such Pledgor and in the name of such Pledgor or otherwisein its own name, from time to time in the Administrative Agent's discretion, to take take, upon the occurrence and during the continuance of any Event of Default, any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including without limitationincluding:
(a) to ask, demand, collect, xxx forsue xxx, recover, compromise, compromise and receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1). Each The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
Appears in 1 contract
Administrative Agent Appointed Attorney-in-Fact. Each Pledgor Grantor hereby irrevocably appoints the Administrative Agent such Pledgor's attorney-in-factits attorney‑in‑fact, with full authority in the place and stead of such Pledgor Grantor and in the name of such Pledgor Grantor or otherwise, from time to time in the Administrative Agent's ’s discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Pledge Security Agreement, including without limitation:
(a) including: to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;
(b) ; to receive, endorse, and collect any drafts or other instrumentsInstruments, documents Documents and chattel paperChattel Paper, in connection with clause (a) above; and
(c) to file any claims or take any action or institute any proceedings which the Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrative Agent with respect to any of the Collateral, ; and to perform the affirmative obligations of such Pledgor hereunder (including Section 4.1)Grantor hereunder. Each Pledgor Grantor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.
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