Common use of Administrative Agent's Appointment as Attorney Clause in Contracts

Administrative Agent's Appointment as Attorney. in-Fact. ------------------------------------------------------ (a) 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 the Pledgor and in the name of 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, endorsement, assignment or other instruments of transfer. (b) The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in Section 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Gem Nevada LLC), Stock Pledge Agreement (Gem Nevada LLC)

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Administrative Agent's Appointment as Attorney. in-Fact. ------------------------------------------------------. (a) The Pledgor Parent 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 their true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Pledgor Parent Borrowers and in the name of the Pledgor Parent Borrowers 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, endorsementendorsements, assignment assignments or other instruments of transfer. (b) The Pledgor Parent Borrowers hereby ratifies ratify all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in Section 11(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.

Appears in 1 contract

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

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Administrative Agent's Appointment as Attorney. in-Fact. ------------------------------------------------------. (a) The Pledgor Parent 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 the Pledgor Parent and in the name of the Pledgor Parent 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, endorsementendorsements, assignment assignments or other instruments of transfer. (b) The Pledgor Parent hereby ratifies all that said attorneys shall lawfully do or cause to 10 10 be done pursuant to the power of attorney granted in Section 11(aparagraph 11.(a). All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated the Obligations are paid in full and the security interests created hereby Commitments are releasedterminated.

Appears in 1 contract

Samples: Pledge Agreement (Sybron International Corp)

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