Common use of Appointment of Borrower Representative Clause in Contracts

Appointment of Borrower Representative. 17.1 Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes Borrower Representative as its agent to request and receive the proceeds of advances in respect of the Loans (and to otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents) from the Lenders in the name or on behalf of that Loan Party. Administrative Agent may disburse those proceeds to the bank account of Borrower Representative (or any other Borrower) without notice to any other Borrower or any other Loan Party. 17.2 Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes the Borrower Representative as its agent to (a) receive statements of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this Agreement and the other Loan Documents, (b) execute and deliver Compliance Certificates and all other notices, certificates and documents to be executed and/or delivered by any Loan Party under this Agreement or the other Loan Documents; and (c) otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents. To such effect, AN Evolution and AN Extend shall each grant the Borrower Representative, an irrevocable power of attorney for lawsuits and collections and acts of administration, which shall be notarized and apostilled in Mexico. For the reason of granting Borrower Representative the power of attorney, it shall be considered that AN Evolution and AN Extend each irrevocable appoints the Borrower Representative as its agent in the terms abovementioned. Such power of attorney shall be delivered by each of AN Evolution and AN Extend to Monroe Capital within ten (10) Business Days following the date of execution of this Agreement. The Borrower Representative hereby accepts to act as agent of the Loan Parties. 17.3 The authorizations contained in this Section 17 are coupled with an interest and are irrevocable until Payment in Full or a change pursuant to Section 17, and Administrative Agent may rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower Representative, every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of any Borrower or other Loan Party as if the same were supplied, made or taken by that Borrower or Loan Party. Without limiting the generality of the foregoing, the failure of one or more Borrowers or other Loan Parties to join in the execution of any writing in connection with this Agreement will not relieve any Borrower or other Loan Party from obligations in respect of that writing. 17.4 No purported termination of or change in the appointment of Borrower Representative as agent will be effective without the prior written consent of Administrative Agent. The parties are signing this Credit Agreement as of the date stated in the introductory clause. BORROWERS: IT GLOBAL HOLDING LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President 4TH SOURCE LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President AGILETHOUGHT LLC, a Florida limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Authorized Signatory AN EVOLUTION, S. DE R.I. DE C. V., a sociedad de responsabilidad limitada de capital variable incorporated under the laws of Mexico By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Attorney-in-fact

Appears in 1 contract

Samples: Credit Agreement (LIV Capital Acquisition Corp.)

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Appointment of Borrower Representative. 17.1 Each Loan Party Borrower hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes the Borrower Representative as its agent to request and receive the proceeds of advances in respect of the Loans (and to otherwise act on behalf of that Loan Party such Borrower pursuant to this Agreement and the other Loan Documents) from the Lenders in the name or on behalf of that Loan Partyeach such Borrower. Administrative Agent may disburse those such proceeds to the bank account of Borrower Representative (or any other Borrower) without notice to any other Borrower or any other Loan Party. 17.2 Each Loan Party Borrower hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes the Borrower Representative as its agent to (ai) receive statements of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this Agreement and the other Loan Documents, (bii) execute and deliver Compliance Certificates and all other notices, certificates and documents to be executed and/or delivered by any Loan Party Borrower under this Agreement or the other Loan Documents; and (ciii) otherwise act on behalf of that Loan Party such Borrower pursuant to this Agreement and the other Loan Documents. To such effect, AN Evolution and AN Extend shall each grant the Borrower Representative, an irrevocable power of attorney for lawsuits and collections and acts of administration, which shall be notarized and apostilled in Mexico. For the reason of granting Borrower Representative the power of attorney, it shall be considered that AN Evolution and AN Extend each irrevocable appoints the Borrower Representative as its agent in the terms abovementioned. Such power of attorney shall be delivered by each of AN Evolution and AN Extend to Monroe Capital within ten (10) Business Days following the date of execution of this Agreement. The Borrower Representative hereby accepts to act as agent of the Loan Parties. 17.3 The authorizations contained in this Section 17 are coupled with an interest and are irrevocable until Payment in Full or a change pursuant to Section 17shall be irrevocable, and Administrative Agent may rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower Representative, every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of any Borrower or other Loan Party as if the same were supplied, made or taken by that such Borrower or Loan Party. Without limiting the generality of the foregoing, the failure of one or more Borrowers or other Loan Parties Party to join in the execution of any writing in connection with this Agreement will herewith shall not relieve any Borrower or other Loan Party from obligations in respect of that such writing. 17.4 No purported termination of or change in the appointment of Borrower Representative as agent will shall be effective without the prior written consent of Administrative Agent. The parties are signing hereto have caused this Credit Agreement to be duly executed and delivered by their duly authorized officers as of the date stated in the introductory clausefirst set forth above. BORROWERSBORROWER: IT GLOBAL HOLDING LLCCYALUME TECHNOLOGIES HOLDINGS, INC., a Delaware limited liability company corporation By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President 4TH SOURCE LLCMixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, Treasurer and Secretary CYALUME TECHNOLOGIES, INC., a Delaware limited liability company corporation By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President AGILETHOUGHT LLCMixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, Treasurer and Secretary CYALUME SPECIALTY PRODUCTS, INC., a Florida limited liability company Delaware corporation By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Authorized Signatory AN EVOLUTIONMixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, S. DE R.I. DE C. V.Treasurer and Secretary COMBAT TRAINING SOLUTIONS, INC., a sociedad de responsabilidad limitada de capital variable incorporated under the laws of Mexico Colorado corporation By: /s/ Xxxxxx Senderos Xxxxxxxxx NameMixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, Treasurer and Secretary CYALUME REALTY, INC., a Delaware corporation By: Xxxxxx Senderos Xxxxxxxxx Title/s/ Mixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, Treasurer and Secretary BORROWER: Attorney-in-factCT SAS HOLDINGS, INC., a Delaware corporation By: /s/ Mixxxxx Xxxxxxxx Mixxxxx Xxxxxxxx Chief Financial Officer, Treasurer and Secretary

Appears in 1 contract

Samples: Credit Agreement (Cyalume Technologies Holdings, Inc.)

Appointment of Borrower Representative. 17.1 17.1. Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes Borrower Representative as its agent to request and receive the proceeds of advances in respect of the Loans (and to otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents) from the Lenders in the name or on behalf of that Loan Party. Administrative Agent may disburse those proceeds to the bank account of Borrower Representative (or any other Borrower) without notice to any other Borrower or any other Loan Party. 17.2 17.2. Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes the Borrower Representative as its agent to (a) receive statements of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this Agreement and the other Loan Documents, (b) execute and deliver Compliance Certificates and all other notices, certificates and documents to be executed and/or delivered by any Loan Party under this Agreement or the other Loan Documents; and (c) otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents. To such effect, AN Evolution and AN Extend shall each grant the Borrower Representative, an irrevocable power of attorney for lawsuits and collections and acts of administration, which shall be notarized and apostilled in Mexico. For the reason of granting Borrower Representative the power of attorney, it shall be considered that AN Evolution and AN Extend each irrevocable appoints the Borrower Representative as its agent in the terms abovementioned. Such power of attorney shall be delivered by each of AN Evolution and AN Extend to Monroe Capital within ten (10) Business Days following the date of execution of this Agreement. The Borrower Representative hereby xxxxxx accepts to act as agent of the Loan Parties. 17.3 17.3. The authorizations contained in this Section 17 are coupled with an interest and are irrevocable until Payment in Full or a change pursuant to Section 17, and Administrative Agent may rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower Representative, every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of any Borrower or other Loan Party as if the same were supplied, made or taken by that Borrower or Loan Party. Without limiting the generality of the foregoing, the failure of one or more Borrowers or other Loan Parties to join in the execution of any writing in connection with this Agreement will not relieve any Borrower or other Loan Party from obligations in respect of that writing. 17.4 17.4. No purported termination of or change in the appointment of Borrower Representative as agent will be effective without the prior written consent of Administrative Agent. The parties are signing this Credit Agreement as of the date stated in the introductory clause. BORROWERS: IT GLOBAL HOLDING LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President 4TH SOURCE LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President AGILETHOUGHT LLC, a Florida limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Authorized Signatory AN EVOLUTION, S. DE R.I. DE C. V., a sociedad de responsabilidad limitada de capital variable incorporated under the laws of Mexico By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Attorney-in-fact.

Appears in 1 contract

Samples: Credit Agreement (AgileThought, Inc.)

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Appointment of Borrower Representative. 17.1 17.1. Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes Borrower Representative as its agent to request and receive the proceeds of advances in respect of the Loans (and to otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents) from the Lenders in the name or on behalf of that Loan Party. Administrative Agent may disburse those proceeds to the bank account of Borrower Representative (or any other Borrower) without notice to any other Borrower or any other Loan Party. 17.2 17.2. Each Loan Party hereby irrevocably (until Payment in Full or a change pursuant to Section 17.4) appoints and constitutes the Borrower Representative as its agent to (a) receive statements of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this Agreement and the other Loan Documents, (b) execute and deliver Compliance Certificates and all other notices, certificates and documents to be executed and/or delivered by any Loan Party under this Agreement or the other Loan Documents; and (c) otherwise act on behalf of that Loan Party pursuant to this Agreement and the other Loan Documents. To such effect, AN Evolution and AN Extend shall each grant the Borrower Representative, an irrevocable power of attorney for lawsuits and collections and acts of administration, which shall be notarized and apostilled in Mexico. For the reason of granting Borrower Representative the power of attorney, it shall be considered that AN Evolution and AN Extend each irrevocable appoints the Borrower Representative as its agent in the terms abovementioned. Such power of attorney shall be delivered by each of AN Evolution and AN Extend to Monroe Capital within ten (10) Business Days following the date of execution of this Agreement. The Borrower Representative hereby xxxxxx accepts to act as agent of the Loan Parties. 17.3 17.3. The authorizations contained in this Section 17 are coupled with an interest and are irrevocable until Payment in Full or a change pursuant to Section 17, and Administrative Agent may rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower Representative, every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of any Borrower or other Loan Party as if the same were supplied, made or taken by that Borrower or Loan Party. Without limiting the generality of the foregoing, the failure of one or more Borrowers or other Loan Parties to join in the execution of any writing in connection with this Agreement will not relieve any Borrower or other Loan Party from obligations in respect of that writing. 17.4 17.4. No purported termination of or change in the appointment of Borrower Representative as agent will be effective without the prior written consent of Administrative Agent. The parties are signing this Credit Agreement as of the date stated in the introductory clause. BORROWERS: IT GLOBAL HOLDING LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President 4TH SOURCE LLC, a Delaware limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: President AGILETHOUGHT LLC, a Florida limited liability company By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Authorized Signatory AN EVOLUTION, S. DE R.I. X.X. DE C. V.C.V., a sociedad de responsabilidad limitada de capital variable incorporated under the laws of Mexico By: /s/ Xxxxxx Senderos Xxxxxxxxx Name: Xxxxxx Senderos Xxxxxxxxx Title: Attorney-in-fact:

Appears in 1 contract

Samples: Credit Agreement (AgileThought, Inc.)

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