Common use of Authority of Agent Clause in Contracts

Authority of Agent. The Pledgors acknowledge that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the Pledgors, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Pledge Agreement (M & M Properties Inc), Pledge Agreement (MST Enterprises Inc)

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Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/), Paxson Pledge Agreement (Paxson Communications Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Security Agreement (Remington Capital Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Guarantee and Pledge Agreement (155 East Tropicana, LLC)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Cross Media Marketing Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any the Issuer shall be under any obligation, or entitlement, obligation to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Aps Holding Corporation)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any the Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer the Partnership shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Parallel Petroleum Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the LendersBanks, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders holders of the Obligations with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Credit Agreement (Kulicke & Soffa Industries Inc)

Authority of Agent. The Pledgors acknowledge Each Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the Pledgorssuch Pledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer such Pledgor shall be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the LendersNoteholders, be governed by the Credit Note Purchase Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders Noteholders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer SCGC shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Crown Stock Pledge Agreement (Crown Casino Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for itself and the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer Issuer, Partnership or Company shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Insignia Properties Trust /)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Reimbursement Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (American Buildings Co /De/)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the LendersInvestors, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders Investors with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Stock Pledge Agreement (C-Phone Corp)

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Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for itself and the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer Partnership shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Insignia Properties Trust /)

Authority of Agent. The Pledgors acknowledge that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the Pledgors, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any the Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer the Borrower shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

Authority of Agent. The Pledgors acknowledge that the rights and ------------------ responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the Pledgors, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (National Equipment Services Inc)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the LendersBeneficiaries, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders Beneficiaries with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Cash Collateral Agreement (Kindercare Learning Centers Inc /De)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the Lenders, be governed by the Credit Loan Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for itself and the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer Issuer, or obligor under any Pledged Debt shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Borrower Pledge Agreement (Sirrom Investments Inc)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and responsibilities of the Agent under this Pledge Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Agent and the LendersLender, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders Lender with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any the Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Pledge Agreement (Aleritas Capital Corp.)

Authority of Agent. The Pledgors acknowledge Each Pledgor acknowledges that the rights and responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and neither any of the Pledgors Pledgor nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Authority of Agent. The Pledgors acknowledge Pledgor acknowledges that the rights and ------------------ responsibilities of the Agent under this Agreement with respect to any action taken by the Agent or the exercise or non-exercise by the Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Agent and the LendersBeneficiaries, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Agent and the PledgorsPledgor, the Agent shall be conclusively presumed to be acting as agent for the Lenders Beneficiaries with full and valid authority so to act or refrain from acting, and neither any of the Pledgors nor any Issuer Pledgor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Appears in 1 contract

Samples: Participation Agreement (Ebay Inc)

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