Common use of Agreements of the Undersigned and Rights of the Bank Clause in Contracts

Agreements of the Undersigned and Rights of the Bank. The undersigned agrees as follows and irrevocably authorizes the Bank to exercise the rights listed below, at its option, for its own benefit, either in its own name or in the name of the undersigned, and appoints the Bank as its attorney-in-fact to take all action permitted under this Agreement.

Appears in 15 contracts

Samples: Collateral Agreement (Avistar Communications Corp), Collateral Agreement (West Alfred P Jr), Collateral Agreement (Avistar Communications Corp)

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Agreements of the Undersigned and Rights of the Bank. The undersigned agrees as follows and irrevocably authorizes the Bank to exercise the rights listed belowbelow with respect to the Collateral, at its option, for its own benefit, either in its own name or in the name of the undersigned, and appoints the Bank as its attorney-in-fact to take all action permitted under this Agreement.

Appears in 2 contracts

Samples: Collateral Agreement (Westend S.A.), Collateral Agreement (Leucadia National Corp)

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Agreements of the Undersigned and Rights of the Bank. The undersigned agrees as follows and irrevocably authorizes the Bank to exercise the rights listed below, at its option, for its own benefit, either in its own name or in the name of the undersigned, and appoints the Bank as its attorney-in-ins fact to take all action permitted under this Agreement.

Appears in 1 contract

Samples: Collateral Agreement (Aramark Corp/De)

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