Appointment of the Agent and the Security Agent Sample Clauses

Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents. (c) Each other Finance Party authorises each of the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
AutoNDA by SimpleDocs
Appointment of the Agent and the Security Agent. Each other Finance Party, each Hedging Bank and Long Term Hedging Bank appoints the Agent to act as its agent under and in connection with the Finance Documents.
Appointment of the Agent and the Security Agent. Each of the Arranger and the Lenders appoints the Agent to act as its agent under and in connection with the Finance Documents and each of the Arranger, the Lenders and the Agent appoints the Security Agent to act as its security agent for the purpose of the Security Documents.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each other Secured Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents. (c) Each other: (i) Finance Party authorises the Agent; and (ii) Secured Party authorises the Security Agent, to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appointment of the Agent and the Security Agent. 27.1.1 Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. 27.1.2 Each other Finance Party appoints the Security Agent to act as its agent under and in connection with the relevant Transaction Security Documents. 27.1.3 Each other Finance Party appoints the Security Agent to act as a pledge administrator in respect of any registered pledge created or to be created pursuant to the relevant Transaction Security Documents. 27.1.4 Each Finance Party (other than the Agent) authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. 27.1.5 Each other Finance Party authorises the Agent and the Security Agent (as appropriate): (a) to exercise the rights, powers, authorities and discretions specifically given to the Agent or, as the case may be, the Security Agent under or in connection with the relevant Finance Documents together with any other incidental rights, powers, authorities and discretions; and (b) (in the case of the Security Agent) to execute each of the Security Documents and all other documents that may be approved by the Majority Lenders for execution by it, in each case, for and on behalf of the Finance Parties.
Appointment of the Agent and the Security Agent. (a) Each of the Arranger, the Lenders and the Security Agent appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each of the Arranger, the Agent, the Lenders and the Hedge Counterparties appoints the Security Agent to act as security trustee under and in connection with the Finance Documents in relation to any security interest which is expressed to be or is construed to be governed by English law, or any other law from time to time designated by the Security Agent and an Obligor. (c) Except as expressly provided in paragraph (b) above, and without limiting or affecting Clause 31.11 (Parallel Debt), each other Finance Party and Hedge Counterparty appoints the Security Agent to act as security agent under and in connection with the Finance Documents. (d) Each of the Arranger, the Lenders and the Security Agent authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. (e) Each other Finance Party and each Hedge Counterparty authorises the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. (f) Each other Finance Party and each Hedge Counterparty authorises the Security Agent to execute on its behalf any Transaction Security Document governed by Belgian law.
Appointment of the Agent and the Security Agent. (a) Each of the Arranger, the Lenders and the Issuing Bank appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each other Finance Party appoints the Security Agent to act as security trustee under and in connection with the Finance Documents in relation to any security interest which is expressed to be or is construed to be governed by Singapore, Malaysian, Hong Kong or any other law from time to time designated by the Security Agent and an Obligor. (c) Except as expressly provided in paragraph (b) above, each other Finance Party appoints the Security Agent to act as security agent under and in connection with the Finance Documents. (d) Each other Finance Party authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. (e) Each other Finance Party authorises the Security Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
AutoNDA by SimpleDocs
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent and the Security Agent to act as its trustee and administrator under and in connection with the Finance Documents (provided that, in the case of any Transaction Security which is accessory in nature and which is granted pursuant to any Security Document which is governed by German law, the Security Agent shall act as administrator only). (b) Each other Finance Party authorises the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent and the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. The Agent and the Security Agent shall be released from the restrictions set out in section 181 of the German Civil Code. The Agent and the Security Agent can grant substitute power of attorney and release any sub-agents from the restrictions set out in section 181 of the German Civil Code and revoke such power of attorney.
Appointment of the Agent and the Security Agent. 26.1.1 Each of the Arranger and the Lenders appoints the Agent to act as its agent under and in connection with the Finance Documents and each of the Arranger, the Lenders and the Agent appoints the Security Agent to act as its security agent for the purpose of the Security Documents. 26.1.2 Each of the Arranger and the Lenders authorises the Agent and each of the Arranger and the Lenders and the Agent authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent or the Security Agent (as the case may be) under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. 26.1.3 Each Swap Provider appoints the Security Agent to act as its security agent for the purpose of the Security Documents and authorises the Security Agent to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Security Documents together with any other incidental rights, powers, authorities and discretions. 26.1.4 Except in Clause 26.14 (Replacement of the Agent) or where the context otherwise requires, references in this Clause 26 to the "Agent" shall mean the Agent, the Security Agent individually and collectively and references in this Clause 26 to the "Finance Documents" or to any "Finance Document" shall not include a Master Agreement.
Appointment of the Agent and the Security Agent. (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. (b) Each other Finance Party appoints the Security Agent to act as its agent under, and in connection with, the Finance Documents in accordance with the terms and conditions set out in the Intercreditor Agreement (if any). (c) Each other Finance Party authorizes the Agent and the Security Agent to exercise the rights, powers, authorities and discretions specifically given to the Agent and the Security Agent under or in connection with the Finance Documents, together with any other incidental rights, powers, authorities and discretions. Without limiting the foregoing, each other Finance Party authorizes the Agent and the Security Agent to negotiate, execute and deliver, without the need for any further authority from the Secured Parties, the Intercreditor Agreement and each other Security Document entered into by or on behalf of the Secured Parties in connection herewith.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!