Common use of Appointment and Grant of Authority Clause in Contracts

Appointment and Grant of Authority. The Banks hereby appoint PNC Bank, National Association, and PNC Bank, National Association hereby agrees to act as, Agent under this Agreement, the other Loan Documents, and Agent under the Security Documents for the benefit of the Banks. The Agent shall have and may exercise such powers under this Agreement as are specifically delegated to it by the terms hereof or of the other Loan Documents, together with such other powers as are incidental thereto. Without limiting the foregoing, the Agent, on behalf of the Banks, is authorized to execute all of the Loan Documents (other than this Agreement) and to accept all of the Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement. Without limiting the foregoing, the Agent, on behalf of the Banks as secured parties, is authorized to execute and/or accept the Mortgage, any Financing Statements, any other Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement.

Appointment and Grant of Authority. The Banks hereby appoint PNC Bank, National AssociationPNC, and PNC Bank, National Association hereby agrees to act as, Agent under this Agreement, the other Loan Documents, and Agent under the Security Documents for the benefit of the Banks. The Agent shall have and may exercise such powers under this Agreement as are specifically delegated to it by the terms hereof or of the other Loan Documents, together with such other powers as are incidental thereto. Without limiting the foregoing, the Agent, on behalf of the Banks, is authorized to execute all of the Loan Documents (other than this Agreement) and to accept all of the Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement. Without limiting the foregoing, the Agent, on behalf of the Banks as secured parties, is authorized to execute and/or accept the Mortgage, any Financing Statements, any other Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement.

Appointment and Grant of Authority. The Banks hereby appoint PNC Bank, National AssociationPNC, and PNC Bank, National Association hereby agrees to act as, Agent under this Agreement, the other Loan Documents, and Agent under the Security Documents Mortgage, the Guaranty and Financing Statements for the benefit of the Banks. The Agent shall have and may exercise such powers under this Agreement as are specifically delegated to it by the terms hereof or of the other Loan Documents, together with such other powers as are incidental thereto. Without limiting the foregoing, the Agent, on behalf of the Banks, is authorized to execute all of the Loan Documents (other than this Agreement) and to accept all of the Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement. Without limiting the foregoing, the Agent, on behalf of the Banks as secured parties, is authorized to execute and/or accept the Mortgage, any Financing Statements, any other Loan Documents and all other agreements, documents or instruments reasonably required to carry out the intent of the parties to this Agreement.