Common use of Assigned Agreements Clause in Contracts

Assigned Agreements. If an Event of Default shall have occurred and be continuing, Borrower hereby irrevocably authorizes and empowers Lenders, without limiting any other authorizations or empowerments contained in any of the other Agreements, to assert, either directly or on behalf of Borrower, any claims Borrower may have, from time to time, against any other party to any of the agreements to which Borrower is a party or to otherwise exercise any right or remedy of Borrower under any such agreements (including without limitation, the right to enforce directly against any party to any such agreement, all of Borrower's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower thereunder).

Appears in 1 contract

Samples: Security Agreement (Valuestar Corp)

AutoNDA by SimpleDocs

Assigned Agreements. If an Event of Default shall have has occurred and be is continuing, Borrower Debtor hereby irrevocably authorizes and empowers LendersCollateral Agent, without limiting any other authorizations or empowerments contained in any of the other AgreementsLoan Documents, to assert, either directly or on behalf of BorrowerDebtor, any claims Borrower Debtor may have, from time to time, against any other party to any of the agreements to which Borrower Debtor is a party or to otherwise exercise any right or remedy of Borrower Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of BorrowerDebtor's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtor thereunder).

Appears in 1 contract

Samples: General Security Agreement (Ultralife Batteries Inc)

Assigned Agreements. If an Event of Default shall have has occurred and be is continuing, Borrower Debtor hereby irrevocably authorizes and empowers LendersSenior Agent, without limiting any other authorizations or empowerments contained in any of the other AgreementsLoan Documents, to assert, either directly or on behalf of BorrowerDebtor, any claims Borrower Debtor may have, from time to time, against any other party to any of the agreements to which Borrower Debtor is a party or to otherwise exercise any right or remedy of Borrower Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of Borrower's Debtor’s rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtor thereunder).

Appears in 1 contract

Samples: Security Agreement (Recoton Corp)

Assigned Agreements. If Upon the occurrence and during the continuance of an Event of Default shall have occurred and be continuingDefault, Borrower Debtor hereby irrevocably authorizes and empowers Lendersthe Investor, without limiting any other authorizations or empowerments contained in any of the other AgreementsTransaction Documents, to assert, either directly or on behalf of BorrowerDebtor, any claims Borrower Debtor may have, from time to time, against any other party to any of the agreements to which Borrower Debtor is a party or to otherwise exercise any right or remedy of Borrower Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of BorrowerDebtor's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtor thereunder).

Appears in 1 contract

Samples: Acknowledgment and Agreement (Andrea Electronics Corp)

Assigned Agreements. If a Triggering Event or an Event of Default shall have has occurred and be is continuing, Borrower Debtor hereby irrevocably authorizes and empowers LendersSecured Party, without limiting any other authorizations or empowerments contained in any of the other AgreementsLoan Documents, to assert, either directly or on behalf of BorrowerDebtor, any claims Borrower Debtor may have, from time to time, against any other party to any of the agreements to which Borrower Debtor is a party or to otherwise exercise any right or remedy of Borrower Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of BorrowerDebtor's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtor thereunder).

Appears in 1 contract

Samples: Security Agreement (Zix Corp)

AutoNDA by SimpleDocs

Assigned Agreements. If an Event of Default shall have has occurred and be is continuing, Borrower Debtors hereby irrevocably authorizes authorize and empowers Lendersempower Agent, without limiting any other authorizations or empowerments contained in any of the other AgreementsLoan Documents, to assert, either directly or on behalf of Borrowerany Debtor, any claims Borrower any Debtor may have, from time to time, against any other party to any of the agreements to which Borrower any Debtor is a party or to otherwise exercise any right or remedy of Borrower any Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of Borrowerany Debtor's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower any Debtor thereunder).

Appears in 1 contract

Samples: Security Agreement (Choice One Communications Inc)

Assigned Agreements. If an Event of Default shall have has occurred and be is continuing, Borrower Debtors hereby irrevocably authorizes authorize and empowers Lendersempower Secured Party, without limiting any other authorizations or empowerments contained in any of the other AgreementsTransaction Documents, to assert, either directly or on behalf of BorrowerDebtors, any claims Borrower Debtors may have, from time to time, against any other party to any of the agreements to which Borrower is Debtors are a party or to otherwise exercise any right or remedy of Borrower Debtors under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of Borrower's Debtors' rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtors thereunder).

Appears in 1 contract

Samples: Security Agreement (Cita Biomedical Inc)

Assigned Agreements. If an Event of Default shall have has occurred and be is continuing, Borrower Debtor hereby irrevocably authorizes and empowers LendersAgent, without limiting any other authorizations or empowerments contained in any of the other AgreementsLoan Documents, to assert, either directly or on behalf of BorrowerDebtor, any claims Borrower Debtor may have, from time to time, against any other party to any of the agreements to which Borrower Debtor is a party or to otherwise exercise any right or remedy of Borrower Debtor under any such agreements (including including, without limitation, the right to enforce directly against any party to any such agreement, agreement all of BorrowerDebtor's rights thereunder, to make all demands and give all notices and to make all requests required or permitted to be made by Borrower Debtor thereunder).

Appears in 1 contract

Samples: Credit Agreement (Team Communications Group Inc)

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