Authority of Pledgee. Pledgee shall have, and be entitled to exercise, all such powers hereunder as are specifically delegated to it by the terms hereof, together with such powers as are appropriately incidental thereto, and may execute any of its duties hereunder by or through agents or employees. Xxxxxxx hereby agrees to reimburse Pledgee for all expenses reasonably incurred by it in connection with the enforcement of this Agreement.
Appears in 2 contracts
Samples: Secured Promissory Note (Security Capital Group Inc/), Secured Promissory Note (Security Capital Group Inc/)
Authority of Pledgee. Pledgee shall have, and be entitled to exercise, all such powers hereunder as are specifically delegated to it by the terms hereof, together with such powers as are appropriately incidental thereto, and may execute any of its duties hereunder by or through agents or employees. Xxxxxxx hereby agrees to reimburse Pledgee for all expenses reasonably incurred by it in connection with the enforcement of this Agreement. 5.
Appears in 2 contracts
Samples: Secured Promissory Note (Prologis Trust), Secured Promissory Note (Security Capital Industrial Trust)
Authority of Pledgee. Pledgee shall have, have and be entitled to exercise, exercise all such powers hereunder as are specifically delegated to it Pledgee by the terms hereof, together with such powers as are appropriately incidental thereto, and . Pledgee may execute any of its duties hereunder by or through its agents or employees. Xxxxxxx hereby agrees Neither Pledgee, nor any director, officer, agent or employee of Pledgee, shall be liable for any action taken or omitted to reimburse Pledgee for all expenses reasonably incurred be taken by it or them hereunder or in connection with the enforcement of this Agreementherewith, except for its or their own gross negligence or willful misconduct.
Appears in 1 contract
Samples: Stock Pledge and Guaranty Agreement (Pacificnet Inc)