Common use of Administrative Agent To Effectuate Subordination Clause in Contracts

Administrative Agent To Effectuate Subordination. Each Lender authorizes and directs the Administrative Agent on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower as provided in this Article 8 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender agrees to be bound by this Article 11 and authorizes and expressly directs the Administrative Agent Agent, on its behalf behalf, to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness Obligations of the Borrower a Credit Party as provided in this Article 8 11 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender hereby authorizes and directs the Administrative Agent on its such Lender's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower as provided in this Article Section 8 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender by accepting a Note authorizes and directs the Administrative Agent on its behalf of the Lender to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower Obligations as provided in this Article 8 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes, including for the purpose of filing a claim in any proceedings of the nature referred to in Section 11.02.

Administrative Agent To Effectuate Subordination. Each Lender hereby authorizes and directs the Administrative Agent on its such Lender’s behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower as provided in this Article Section 8 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender authorizes and directs the Administrative Agent on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower each Guarantor as provided in this Article 8 Section 10 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender authorizes and directs the Administrative Agent on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower as provided in this Article 8 Section 3 and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Non-Contributed Lender by accepting an assignment of the Non-Contributed Loan authorizes and directs the Administrative Agent on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the such Lenders and the holders of Senior Indebtedness of the Borrower Debt as provided in this Article Section 8 of the Loan Agreement and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender by making a Loan authorizes and directs the Administrative Agent on its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders lenders in respect of Senior Indebtedness of the Borrower as provided in this Article 8 VIII and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender authorizes and directs the Administrative Agent Agent, on its behalf behalf, to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Indebtedness of the Borrower as provided in this Article 8 XI and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Term Lender by making Term Loans, authorizes and directs the Administrative Agent on its such Term Lender's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders holders of Term Loan Obligations and the holders of Senior Indebtedness of the Borrower Revolving Obligations as provided in this Article 8 X and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.

Administrative Agent To Effectuate Subordination. Each Lender agrees to be bound by this Article X and authorizes and expressly directs the Administrative Agent Agent, on its behalf behalf, to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Lenders and the holders of Senior Priority Indebtedness of the Borrower as provided in this Article 8 X and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.