Common use of Appointment; Rights and Duties Clause in Contracts

Appointment; Rights and Duties. (a) Each of the Secured Parties hereby irrevocably appoints the Collateral Agent as its agent and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms of the Support Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Agency and Intercreditor Agreement (Leap Wireless International Inc), Collateral Agency and Intercreditor Agreement (Leap Wireless International Inc)

AutoNDA by SimpleDocs

Appointment; Rights and Duties. (a) Each of the ------------------------------- Secured Parties hereby irrevocably appoints the Collateral Agent as its agent and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms of the Support Documents, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Leap Wireless International Inc), Credit Agreement (Leap Wireless International Inc)

Appointment; Rights and Duties. (a) Each Subject to Section 5.1(g), each of the Secured Parties hereby irrevocably appoints the Collateral Agent as its agent and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms of the Support Security Documents, subject to and in accordance with the terms hereof, together with such actions and powers as are reasonably incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New)

AutoNDA by SimpleDocs

Appointment; Rights and Duties. (a) Each of the Secured Parties hereby irrevocably appoints the Collateral Agent as its agent (and attorney-in-fact for purposes of any Security Documents granting Liens to the Lenders) and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms of the Common Agreement and the Support Documents, as applicable, together with such actions and powers as are reasonably incidental thereto.

Appears in 1 contract

Samples: Common Agreement (Velocom Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!