Common use of Appointment of Collateral Agent Clause in Contracts

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 11 contracts

Samples: Loan and Security Agreement (Alimera Sciences Inc), Loan and Security Agreement (Senseonics Holdings, Inc.), Loan and Security Agreement (GenMark Diagnostics, Inc.)

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Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 5 contracts

Samples: Loan and Security Agreement (Cardiva Medical, Inc.), Loan and Security Agreement (Neuronetics, Inc.), Loan and Security Agreement (scPharmaceuticals Inc.)

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar SolarCap (together with any successor Collateral Agent pursuant to Section 1.7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from BorrowerXxxxxxxx, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Neuronetics, Inc.), Loan and Security Agreement (Neuronetics, Inc.)

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrowerany Loan Party, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Apollo Endosurgery, Inc.)

Appointment of Collateral Agent. (a) Each a)Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from BorrowerBxxxxxxx, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Alimera Sciences Inc)

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrowerthe Loan Parties, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Robotics, Inc.)

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Appointment of Collateral Agent. (a) Each a)Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from BorrowerXxxxxxxx, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Alimera Sciences Inc)

Appointment of Collateral Agent. (a) Each a)Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 1.7 7 of this Exhibit B) as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Neuronetics, Inc.)

Appointment of Collateral Agent. (a) Each Lender hereby appoints Solar SolarCap (together with any successor Collateral Agent pursuant to Section 1.7 7 of this Exhibit B) B as Collateral Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Axcella Health Inc.)

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