Common use of Appointment of Other Agents Clause in Contracts

Appointment of Other Agents. (a) . At any time, pursuant to Section 10.5 of the Credit Agreement, the Collateral Agent may appoint any bank or trust company or one or more other Persons, either to act as co-agent or co-agents, jointly with the Collateral Agent, or to act as separate agent or agents on behalf of the Collateral Agent, with such power and authority as may be necessary for the effective operation of the provisions hereof and may be specified in the instrument of appointment.

Appears in 2 contracts

Samples: Security Agreement (OPAL Fuels Inc.), Pledge Agreement (OPAL Fuels Inc.)

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Appointment of Other Agents. (a) . At any time, pursuant in order to Section 10.5 of the Credit Agreementcomply with any legal requirement in any jurisdiction, the Collateral Agent may appoint any bank or trust company or one or more other Persons, either to act as co-agent or co-agents, jointly with the Collateral Agent, or to act as separate agent or agents on behalf of the Collateral Agent, with such power and authority as may be necessary for the effective operation of the provisions hereof and may be specified in the instrument of appointment.

Appears in 2 contracts

Samples: Credit Agreement (California Resources Corp), Passu Intercreditor Agreement (California Resources Corp)

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Appointment of Other Agents. (a) . At any time, pursuant to Section 10.5 of the Credit Agreement, the Collateral Agent may appoint any bank or trust company or one or more other Persons, either to act as co-agent or co-agents, jointly with the Collateral Agent, or to act as separate agent or agents on behalf of the Collateral Agent, with such power and authority as may be necessary for the effective operation of the provisions hereof and may be specified in the instrument of appointment.

Appears in 1 contract

Samples: Collateral Agency Agreement (California Resources Corp)

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