Common use of Appointment as Collateral Agent Clause in Contracts

Appointment as Collateral Agent. (a) The Agent on behalf of the Lenders hereby appoints Bank of America, N.A. to serve as collateral agent and representative of the Agent (the "COLLATERAL AGENT") and authorizes the Collateral Agent to act as agent for the Agent for the purposes of executing and delivering on its behalf the Collateral Documents and, subject to the provisions of this Agreement, enforcing the Agent's rights in respect of the Collateral and the obligations of each Loan Party under the Collateral Documents. (i) The Collateral Agent shall have each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Agent under the Collateral Documents, which shall be exercisable by and vest in the Collateral Agent to the extent necessary or desirable to enable the Collateral Agent to exercise such rights, powers and privileges and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by the Collateral Agent shall run to and be enforceable by the Collateral Agent, and (ii) the provisions of SECTION 25 hereof and of SECTION 9.11 of the Credit Agreement that refer to the Agent shall inure to the benefit of the Collateral Agent and all references therein to the Agent shall be deemed to be references to the Agent and/or the Collateral Agent, as the context may require.

Appears in 1 contract

Samples: Second Lien Pledge and Security Agreement (Levi Strauss & Co)

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Appointment as Collateral Agent. (a) The Agent on behalf of the Lenders and each Selected Revolving Lender with respect to which a written notice has been received pursuant to SECTION 32(N)(III) hereof hereby appoints Bank of America, N.A. to serve as collateral agent and representative of the Agent (the "COLLATERAL AGENT") and authorizes the Collateral Agent to act as agent for the Agent for the purposes of executing and delivering on its behalf the Collateral Documents and, subject to the provisions of this Agreement, enforcing the Agent's rights in respect of the Collateral and the obligations of each Loan Party under the Collateral Documents. (i) The Collateral Agent shall have each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Agent under the Collateral Documents, which shall be exercisable by and vest in the Collateral Agent to the extent necessary or desirable to enable the Collateral Agent to exercise such rights, powers and privileges and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by the Collateral Agent shall run to and be enforceable by the Collateral Agent, and (ii) the provisions of SECTION 25 hereof and of SECTION 9.11 13.11 of the Credit Agreement that refer to the Agent shall inure to the benefit of the Collateral Agent and all references therein to the Agent shall be deemed to be references to the Agent and/or the Collateral Agent, as the context may require.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

Appointment as Collateral Agent. (a) The Agent on behalf of the Lenders and each Selected Revolving Lender with respect to which a written notice has been received pursuant to Section 32(n)(iii) hereof hereby appoints Bank of America, N.A. to serve as collateral agent and representative of the Agent (the "COLLATERAL AGENT"“Collateral Agent”) and authorizes the Collateral Agent to act as agent for the Agent for the purposes of executing and delivering on its behalf the Collateral Documents and, subject to the provisions of this Agreement, enforcing the Agent's ’s rights in respect of the Collateral and the obligations of each Loan Party under the Collateral Documents. (i) The Collateral Agent shall have each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Agent under the Collateral Documents, which shall be exercisable by and vest in the Collateral Agent to the extent necessary or desirable to enable the Collateral Agent to exercise such rights, powers and privileges and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by the Collateral Agent shall run to and be enforceable by the Collateral Agent, and (ii) the provisions of SECTION Section 25 hereof and of SECTION 9.11 Section 13.11 of the Credit Agreement that refer to the Agent shall inure to the benefit of the Collateral Agent and all references therein to the Agent shall be deemed to be references to the Agent and/or the Collateral Agent, as the context may require.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

Appointment as Collateral Agent. (a) The Agent on behalf of the Lenders and each Selected Revolving Lender with respect to which a written notice has been received pursuant to Section 32(n)(iii) hereof hereby appoints Bank of America, N.A. to serve as collateral agent and representative of the Agent (the "COLLATERAL AGENT"“Collateral Agent”) and authorizes the Collateral Agent to act as agent for the Agent for the purposes of executing and delivering on its behalf the Collateral Documents and, subject to the provisions of this Agreement, enforcing the Agent's ’s rights in respect of the Collateral and the obligations of each Loan Party under the Collateral Documents. (i) The Collateral Agent shall have each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Agent under the Collateral Documents, which shall be exercisable by and vest in the Collateral Agent to the extent necessary or desirable to enable the Collateral Agent to exercise such rights, powers and privileges and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by the Collateral Agent shall run to and be enforceable by the Collateral Agent, and (ii) the provisions of SECTION Section 25 hereof and of SECTION 9.11 Section 13.12 of the Credit Agreement that refer to the Agent shall inure to the benefit of the Collateral Agent and all references therein to the Agent shall be deemed to be references to the Agent and/or the Collateral Agent, as the context may require.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

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Appointment as Collateral Agent. (a) The Agent on behalf of the Lenders and each Selected Revolving Lender with respect to which a written notice has been received pursuant to Section 20(l)(iii) hereof hereby appoints Bank of America, N.A. to serve as collateral agent and representative of the Agent (the "COLLATERAL AGENT"“Collateral Agent”) and authorizes the Collateral Agent to act as agent for the Agent for the purposes of executing and delivering on its behalf the Collateral Documents and, subject to the provisions of this Agreement, enforcing the Agent's ’s rights in respect of the Collateral and the obligations of each Loan Party under the Collateral Documents. (i) The Collateral Agent shall have each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Agent under the Collateral Documents, which shall be exercisable by and vest in the Collateral Agent to the extent necessary or desirable to enable the Collateral Agent to exercise such rights, powers and privileges and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by the Collateral Agent shall run to and be enforceable by the Collateral Agent, and (ii) the provisions of SECTION 25 Section 13 hereof and of SECTION 9.11 Section 13.12 of the Credit Agreement that refer to the Agent shall inure to the benefit of the Collateral Agent and all references therein to the Agent shall be deemed to be references to the Agent and/or the Collateral Agent, as the context may require.

Appears in 1 contract

Samples: Trademark Security Agreement (Levi Strauss & Co)

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