Common use of Appointment of the Agent Clause in Contracts

Appointment of the Agent. Each Bank and each Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 5 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

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Appointment of the Agent. Each Bank and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such or, as the case may be, the Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 4 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (DryShips Inc.), Loan Agreement (Diana Containerships Inc.)

Appointment of the Agent. Each Bank and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such 's or, as the case may be, the Swap Provider’s 's behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Appointment of the Agent. Each Bank of the Banks and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such (as the case may be) the Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)

Appointment of the Agent. Each Bank and each Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s 's or such Swap Provider’s 's behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 3 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Appointment of the Agent. Each Bank of the Banks and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s 's or such the Swap Provider’s 's behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Appointment of the Agent. Each Swap Bank and each Swap Provider Lender irrevocably appoints the Agent and the Agent as its agent and Agent respectively for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of Swap Bank hereby authorise the Swap Providers hereby authorises Agent and the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent and/or (as the case may be) the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent and/or the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Appointment of the Agent. Each Lender and the Swap Bank and each Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of the Swap Providers Bank hereby authorises authorise the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)

Appointment of the Agent. Each Bank Lender and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks Lenders and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Lender's and the Swap Provider’s 's behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Appointment of the Agent. Each The Swap Bank and each Swap Provider Lender irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of the Swap Providers Bank hereby authorises authorise the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)

Appointment of the Agent. Each Bank and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such ’s, and the Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

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Appointment of the Agent. Each The Swap Bank and each Swap Provider Lender irrevocably appoints the Agent and the Agent as its agent and Agent respectively for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of the Swap Providers Bank hereby authorises authorise the Agent and the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent and/or (as the case may be) the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent and/or the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Appointment of the Agent. Each Bank and each the Swap Provider Bank irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Bank hereby irrevocably authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Appointment of the Agent. Each Bank Lender and each Swap Provider Bank irrevocably appoints appoint the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of the Swap Providers Bank hereby authorises authorise the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Appointment of the Agent. Each The Swap Bank and each Swap Provider Lender irrevocably appoints the Agent as its agent respectively for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, Accordingly each of the Banks Lenders and each of the Swap Providers Bank hereby authorises authorise the Agent and the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks Lenders for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such Swap ProviderLender’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Appointment of the Agent. Each Bank and each the Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers Provider hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or such the Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Senior Loan Agreement (FreeSeas Inc.)

Appointment of the Agent. Each Bank and each Swap Provider irrevocably appoints the Agent as its agent for the purposes of this Agreement and such of the Security Documents to which it may be appropriate for the Agent to be party. By virtue of such appointment, each of the Banks and each of the Swap Providers hereby authorises the Agent: 16.1.1 to execute such documents as may be approved by the Majority Banks for execution by the Agent; and 16.1.2 (whether or not by or through employees or agents) to take such action on such Bank’s or and such Swap Provider’s behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Agent by this Agreement and/or any other Security Document, together with such powers and discretions as are reasonably incidental thereto.

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

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