Common use of Appointment and Authorization of Collateral Agent Clause in Contracts

Appointment and Authorization of Collateral Agent. (a) Each Secured Party hereby irrevocably designates and appoints The Bank of New York as the Collateral Agent of such Secured Party under this Agreement and the Collateral Document, and each Secured Party hereby irrevocably authorizes The Bank of New York as the Collateral Agent for such Secured Party to execute and enter into the Collateral Document and all other instruments relating to the Collateral Document and (i) to take action on its behalf and exercise such powers and use such discretion as are expressly permitted hereunder and under the Collateral Document and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof together with such other powers and discretion as are reasonably incidental hereto and thereto.

Appointment and Authorization of Collateral Agent. (a) Each Secured Party hereby irrevocably designates and appoints The Bank of New York Branch Banking and Trust Company as the Collateral Agent of such Secured Party under this Agreement and the Collateral DocumentDocuments, and each Secured Party hereby irrevocably authorizes The Bank of New York Branch Banking and Trust Company as the Collateral Agent for such Secured Party to execute and enter into each of the Collateral Document Documents and all other instruments relating to the said Collateral Document Documents and (i) to take action on its behalf and exercise such powers and use such discretion as are expressly permitted hereunder and under the Collateral Document Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof together with such other powers and discretion as are reasonably incidental hereto and thereto.

Appointment and Authorization of Collateral Agent. (a) Each Secured Party hereby irrevocably designates and appoints The Bank Branch Banking and Trust Company of New York Virginia as the Collateral Agent of such Secured Party under this Agreement and the Collateral DocumentDocuments, and each Secured Party hereby irrevocably authorizes The Bank Branch Banking and Trust Company of New York Virginia as the Collateral Agent for such Secured Party to execute and enter into each of the Collateral Document Documents and all other instruments relating to the said Collateral Document Documents and (i) to take action on its behalf and exercise such powers and use such discretion as are expressly permitted hereunder and under the Collateral Document Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof together with such other powers and discretion as are reasonably incidental hereto and thereto.