Common use of Administrative Agent’s Appointment as Attorney-in-Fact Clause in Contracts

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full and the Commitments are terminated.

Appears in 3 contracts

Samples: Pledge Agreement (Sybron International Corp), Pledge Agreement (Sybron International Corp), Pledge Agreement (Sybron International Corp)

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Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each The Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such the Pledgor and in the name of such the Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all necessary and appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 3 contracts

Samples: Pledge Agreement (Homeside Lending Inc), Pledge Agreement (Homeside Lending Inc), Holdings Pledge Agreement (Homeside Lending Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full fully irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's ’s own name, from time to time in the Administrative Agent's ’s discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a)Section 11(a) hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations are paid have been satisfied in full and the Commitments are have been terminated.

Appears in 3 contracts

Samples: Pledge Agreement (Inex Corp), Pledge Agreement (Speedway TBA, Inc.), Pledge Agreement (Speedway Motorsports Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full fully irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's ’s own name, from time to time in the Administrative Agent's ’s discretion, for the purpose of carrying out the terms of this Pledge Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Pledge Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a)Section 11(a) hereof. All powers, authorizations and agencies contained in this Pledge Agreement are coupled with an interest and are irrevocable until the Secured Obligations are paid have been satisfied in full and the Commitments are have been terminated.

Appears in 3 contracts

Samples: Pledge Agreement (Speedway Motorsports Inc), Pledge Agreement (Speedway Motorsports Inc), Pledge Agreement (New Hampshire Motor Speedway, Inc.)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each The Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such the Pledgor and in the name of such the Pledgor or in the Administrative Agent's ’s own name, from time to time in the Administrative Agent's ’s discretion, for the purpose of carrying out the terms of this Pledge Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Pledge Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in this paragraph 11.(a)21. All powers, authorizations and agencies contained in this Pledge Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Pledge Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 2 contracts

Samples: Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 2 contracts

Samples: Pledge Agreement (Meridian Resource Corp), Pledge Agreement (Meridian Resource Corp)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full fully irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a)Section 11(a) hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations are paid have been satisfied in full and the Commitments are have been terminated.

Appears in 1 contract

Samples: Pledge Agreement (Inex Corp)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes constitute and appoints appoint the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor The Pledgors hereby ratifies ratify all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(aSection 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor The ------------------------------------------------------ Borrowers hereby irrevocably constitutes constitute and appoints appoint the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor each Borrower and in the name of such Pledgor each Borrower or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor The Borrowers hereby ratifies ratify all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(aSection 10(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Credit Agreement (Asi Solutions Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor The Borrower hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor the Borrower and in the name of such Pledgor the Borrower or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Pledge Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor The Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(aSection 11(a). All powers, authorizations and agencies contained in this Pledge Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Pledge Agreement is terminated and the Commitments security interest created hereby are terminatedreleased.

Appears in 1 contract

Samples: Stock Pledge Agreement (Unidigital Inc)

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Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor The Borrower hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor the Borrower and in the name of such Pledgor the Borrower or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor The Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(asubsection 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Credit Agreement (Core Mark International Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(asubsection 22(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Credit Agreement (Werner Holding Co Inc /Pa/)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each The Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such the Pledgor and in the name of such the Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(aSection 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full fully irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent's ’s own name, from time to time in the Administrative Agent's ’s discretion, for the purpose of carrying out the terms of this Pledge Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Pledge Agreement, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. (b) Each Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(a)Section 11(a) hereof. All powers, authorizations and agencies contained in this Pledge Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full and the Commitments are terminatedFacility Termination Date.

Appears in 1 contract

Samples: Pledge Agreement (Speedway Motorsports Inc)

Administrative Agent’s Appointment as Attorney-in-Fact. (a) Each The ------------------------------------------------------ Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with full fully irrevocable power and authority in the place and stead of such the Pledgor and in the name of such the Pledgor or in the Administrative Agent's own name, from time to time in the Administrative Agent's discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, any financing statements, endorsementsendorsement, assignments assignment or other instruments of transfertransfer contemplated hereunder. (b) Each The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in paragraph 11.(aSection 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Obligations are paid in full this Agreement is terminated and the Commitments security interests created hereby are terminatedreleased.

Appears in 1 contract

Samples: Pledge Agreement (School Specialty Inc)

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