Common use of Appointment of Sub-Agents Clause in Contracts

Appointment of Sub-Agents. The Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Collateral Agent) in the name of the relevant Loan Party, indorsed or assigned in blank or in favor of the Collateral Agent or any nominee or custodian of the Collateral Agent or a sub-agent appointed by the Collateral Agent.

Appears in 5 contracts

Sources: Credit Agreement (Sucampo Pharmaceuticals, Inc.), Credit Agreement (Amag Pharmaceuticals Inc.), Pledge Agreement (Verifone Systems, Inc.)

Appointment of Sub-Agents. The Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Collateral Agent) in the name of the relevant Loan Party, indorsed or assigned in blank or in favor of the Collateral Agent or any nominee or custodian of the Collateral Agent or a sub-agent appointed by the Collateral AgentCollateral.

Appears in 4 contracts

Sources: Security Agreement (Iridium Communications Inc.), First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp), Revolving Credit Agreement (VERRA MOBILITY Corp)

Appointment of Sub-Agents. The Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Collateral Agent) in the name of the relevant Loan Party, indorsed endorsed or assigned in blank or in favor of the Collateral Agent or any nominee or custodian of the Collateral Agent or a sub-agent appointed by the Collateral Agent.

Appears in 4 contracts

Sources: Pledge Agreement (Duane Reade Holdings Inc), Pledge Agreement (Central Credit, LLC), Pledge Agreement (Duane Reade)

Appointment of Sub-Agents. The Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Collateral Agent) in the name of the relevant Loan Credit Party, indorsed or assigned in blank or in favor of the Collateral Agent or any nominee or custodian of the Collateral Agent or a sub-agent appointed by the Collateral Agent.

Appears in 2 contracts

Sources: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Appointment of Sub-Agents. The U.S. Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the U.S. Collateral Agent) in the name of the relevant Loan Credit Party, indorsed or assigned in blank or in favor of the U.S. Collateral Agent or any nominee or custodian of the U.S. Collateral Agent or a sub-agent appointed by the U.S. Collateral Agent.

Appears in 1 contract

Sources: Pledge Agreement (Brooks Pharmacy, Inc.)

Appointment of Sub-Agents. The Senior Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Senior Collateral Agent) in the name of the relevant Loan Party, indorsed or assigned in blank or in favor of the Senior Collateral Agent or any nominee or custodian of the Senior Collateral Agent or a sub-agent appointed by the Senior Collateral Agent.

Appears in 1 contract

Sources: Pledge Agreement (VeriFone Holdings, Inc.)

Appointment of Sub-Agents. The Subject to the terms of the Intercreditor Agreement, the Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Shares, Pledged LLC Interests, Pledged Partnership Interests and Pledged Notes, which may be held (in the discretion of the Collateral Agent) in the name of the relevant Loan Party, indorsed or assigned in blank or in favor of the Collateral Agent or any nominee or custodian of the Collateral Agent or a sub-agent appointed by the Collateral Agent.

Appears in 1 contract

Sources: Pledge Agreement (Sbarro Inc)