Administrative Agent Appointed Attorney. in-Fact. ----------------------------------------------- The Pledgor hereby irrevocably appoints the Administrative Agent the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Administrative Agent'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, 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; --- (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, with respect -------- to this clause (c), such rights shall be exercised in accordance with ---------- Section 6.1; and ----------- (d) to perform the affirmative Obligations of the Pledgor hereunder or under any other Loan Document. 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 5 contracts
Samples: Pledge Agreement (Fibernet Telecom Group Inc\), Subsidiary Pledge Agreement (Fibernet Telecom Group Inc\), Pledge Agreement (Fibernet Telecom Group Inc\)
Administrative Agent Appointed Attorney. in-Fact. ----------------------------------------------- The Pledgor hereby irrevocably appoints the Administrative Agent the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Administrative Agent'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, 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; -------------
(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, with -------- respect -------- to this clause (c), such rights shall be exercised in ---------- accordance with ---------- Section 6.1; and -----------
(d) to perform the affirmative Obligations of the Pledgor hereunder or under any other Loan Document. 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 2 contracts
Samples: Parent Pledge Agreement (Fibernet Telecom Group Inc\), Parent Pledge Agreement (Fibernet Telecom Group Inc\)
Administrative Agent Appointed Attorney. in-Fact. ----------------------------------------------- The Pledgor hereby irrevocably appoints the Administrative Agent the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Administrative Agent'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, 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; ---
(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, with -------- respect -------- to this clause (c), such rights shall be exercised in ---------- accordance with ---------- Section 6.1; and -----------
(d) to perform the affirmative Obligations of the Pledgor hereunder or under any other Loan Document. 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. inIN-FactFACT. ----------------------------------------------- The Company and each Pledgor hereby irrevocably appoints the Administrative Agent the Company's and such Pledgor's attorney-in-factfact (which appointment as attorney-in-fact shall be coupled with an interest), with full authority to act in the place and stead of the Company and such Pledgor and in the name of the Company and such Pledgor or otherwise, from time to time if an Event of Default has occurred and is continuing or to the extent contemplated by Section 8 hereof in the Administrative Agent's discretion, following the occurrence and during the continuation of any Event of Default, 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 forsue xxx, recover, compromisecompound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of connection with the Pledged Collateral;
(b) , to receive, endorseenforce Section 18, endorse and collect any drafts or other instruments, documents and chattel paper, paper in connection with clause ------ (a) above; ---
(c) therewith, and to file any claims or take any action or institute any proceedings which the Administrative Agent may deem to be necessary or desirable for the collection of any thereof or to enforce compliance with the terms and conditions of the Pledged Collateral Assigned Agreements or otherwise to enforce this Agreement. Notwithstanding the rights of foregoing, the Administrative Agent with respect shall not be obligated to exercise any of right or duty as attorney-in-fact, and shall have no duties to the Pledged Collateral; provided that, with respect -------- to this clause (c), such rights shall be exercised Assignor in accordance with ---------- Section 6.1; and -----------
(d) to perform the affirmative Obligations of the Pledgor hereunder or under any other Loan Document. The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interestconnection therewith.
Appears in 1 contract
Administrative Agent Appointed Attorney. inIN-FactFACT. ----------------------------------------------- The Company and each Pledgor hereby irrevocably appoints the Administrative Agent the Company's and such Pledgor's attorney-in-factfact (which appointment as attorney-in-fact shall be coupled with an interest), with full authority to act in the place and stead of the Company and such Pledgor and in the name of the Company and such Pledgor or otherwise, from time to time if an Event of Default has occurred and is continuing or to the extent contemplated by Section 8 hereof in the Administrative Agent's discretion, following the occurrence and during the continuation of any Event of Default, 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 forsue xxx, recover, compromisecompound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of connection with the Pledged Collateral;
(b) , to receive, endorseenforce Section 18, indorse and collect any drafts or other instruments, documents and chattel paper, paper in connection with clause ------ (a) above; ---
(c) therewith, and to file any claims or 115 take any action or institute any proceedings which the Administrative Agent may deem to be necessary or desirable for the collection of any thereof or to enforce compliance with the terms and conditions of the Pledged Collateral Assigned Agreements or otherwise to enforce this Agreement. Notwithstanding the rights of foregoing, the Administrative Agent with respect shall not be obligated to exercise any right or duty as attorney-in-fact, and shall have no duties th jurisdictions of the Pledged Collateral; provided that, with respect -------- to this clause (c), such rights shall be exercised in accordance with ---------- Section 6.1; and -----------
(d) to perform Collateral by the affirmative Obligations of the Pledgor hereunder or under any other Loan Document. The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.Administrative Agent;
Appears in 1 contract
Samples: Reducing Revolving Credit Agreement (Cinemark Usa Inc /Tx)
Administrative Agent Appointed Attorney. in-Fact. ----------------------------------------------- The Pledgor Grantor hereby irrevocably appoints the Administrative Agent the Pledgoras Grantor's attorney-in-fact, with full authority in the name, place and stead of the Pledgor and in the name of the Pledgor Grantor or otherwise, from time to time in the Administrative Agent's reasonable discretion, following the occurrence and during the continuation of any after an Event of Default, to take any action and to execute any instrument which the Administrative Agent may deem reasonably necessary or advisable to accomplish the purposes of this Pledge Security Agreement, including, without limitation. This authority includes the following:
(a) to a. To ask, demand, collect, xxx for, recover, compromise, restructure, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Pledged Collateral;; and/or
(b) b. To notify the parties obligated on any of the Collateral to make payment to Administrative Agent of any amount due or to become due in connection therewith; and/or
c. To receive, endorse, and collect any drafts drafts, checks or other instruments, documents and chattel paper, paper in connection with clause ------ (Clause "a) above" of this Section; ---and/or
(c) to d. To file any claims or take any action or institute any proceedings which the Administrative Agent may deem reasonably necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of the Administrative Agent Agent, any Lender or Grantor with respect to any of the Pledged Collateral; provided thatand/or
e. To execute (in the name, place and stead of Grantor) endorsements, assignments, powers and other instruments of conveyance or transfer with respect -------- to this clause all or any of the Collateral; and/or
f. To execute (c)in the name, such rights shall be exercised in accordance with ---------- Section 6.1place and stead of Grantor) UCC financing statements, amendments and continuations; and/or
g. To perform any and -----------
(d) to perform all of the affirmative Obligations obligations and covenants of the Pledgor Grantor hereunder or under any other Loan Document(with notice thereof to be provided to Grantor by Administrative Agent within a reasonable time thereafter). The Pledgor Grantor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest, but that it will terminate upon the termination of this Security Agreement pursuant to Section 1.3.
Appears in 1 contract
Samples: Security and Pledge Agreement (Integrity Media Inc)