Common use of Authority to Administer Collateral Clause in Contracts

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 8 contracts

Samples: Revolving Credit Security Agreement, Abl Security Agreement, Term Loan Security Agreement (Tower International, Inc.)

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Authority to Administer Collateral. Each The Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such the Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerLien Grantor’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:the Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 7 contracts

Samples: Borrower Security Agreement (United States Steel Corp), Borrower Canadian Security Agreement (United States Steel Corp), Borrower Security Agreement (United States Steel Corp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Company's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 4 contracts

Samples: Security and Pledge Agreement (McLeodUSA Holdings Inc), Security and Pledge Agreement (McLeodusa Inc), Security Agreement (Cummins Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent Collateral Representative its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Company's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 3 contracts

Samples: Security Agreement (Navisite Inc), Guarantee and Security Agreement (Navisite Inc), Note Purchase Agreement (Cmgi Inc)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of a Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 3 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Credit Agreement (Energizer SpinCo, Inc.), Credit Agreement (Energizer Holdings Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent (and all Persons designated by the Agent) as its true and lawful attorneyattorney (and agent in fact), with full power of substitution, in its name or in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Borrowers’ sole cost and expense, to the extent permitted by law and without notice, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuingtime, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 3 contracts

Samples: Security Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrowersuch Lien Grantor’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:the Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 3 contracts

Samples: Subsidiary Security Agreement (United States Steel Corp), Subsidiary Security Agreement (United States Steel Corp), Subsidiary Security Agreement (United States Steel Corp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerGrantor’s expense, as reasonably requested by the Collateral Agent, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 3 contracts

Samples: Security Agreement (LyondellBasell Industries N.V.), Security Agreement (LyondellBasell Industries N.V.), Security Agreement (LyondellBasell Industries N.V.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s 's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 2 contracts

Samples: Security Agreement (Keystone Marketing Services Inc), Security Agreement (Williams Communications Group Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Collateral Agent for the benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Actionable Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral, subject to the Collateral Trust Agreement:

Appears in 2 contracts

Samples: Security Agreement (Ak Steel Holding Corp), Security Agreement (Ak Steel Holding Corp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Bermuda Pledge Agreement (Marvell Technology Group LTD), Pledge Agreement (Marvell Technology Group LTD)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent (and all Persons designated by the Collateral Agent) as its true and lawful attorneyattorney (and agent in fact), with full power of substitution, in its name or in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s sole cost and expense, to the extent permitted by law and without notice, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuingtime, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time time, in each case, while an Event of Actionable Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral, subject to the Intercreditor Agreement:

Appears in 2 contracts

Samples: Pledge and Security Agreement (Century Aluminum Co), Second Lien Pledge and Security Agreement (Century Aluminum Co)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the US Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: First Lien Term Loan Security Agreement (Tower Automotive, LLC), First Lien Term Loan Security Agreement (Tower Automotive, LLC)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Collateral Agent as its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Advanced Disposal Services, Inc.), Guarantee and Collateral Agreement (Retrophin, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Credit Agreement (Kindred Healthcare, Inc), Credit Agreement (Kindred Healthcare Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Cloud Peak Energy Inc.), Guarantee and Security Agreement (Cloud Peak Energy Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Actionable Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Security and Pledge Agreement (Harbinger Group Inc.), Collateral Trust Agreement (Harbinger Group Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s 's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Unova Inc), Guarantee and Security Agreement (Unova Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably constitutes and appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Credit Agreement (NMI Holdings, Inc.), Guarantee and Security Agreement (NMI Holdings, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Company's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Conseco Inc), Guarantee and Security Agreement (Conseco Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Guarantee and Security Agreement (CNO Financial Group, Inc.), Guarantee and Security Agreement (CNO Financial Group, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerGrantor’s expense, as reasonably requested by the Administrative Agent, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (LyondellBasell Industries N.V.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrowersuch Lien Grantor’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:the Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 2 contracts

Samples: Security Agreement (Lyondell Chemical Co), Security Agreement (Equistar Chemicals Lp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 2 contracts

Samples: Security Agreement (CNO Financial Group, Inc.), Security Agreement (CNO Financial Group, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s U.S. Borrowers’ expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 2 contracts

Samples: Security Agreement (Ryerson Tull Inc /De/), Guarantee and Security Agreement (Ryerson Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, the Collateral Agent, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s such Lien Grantor's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s the Collateral:

Appears in 1 contract

Samples: Pledge Agreement (Unova Inc)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Credit Agreement (Huntington Ingalls Industries, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Issuers’ expense, to the extent permitted by law and subject to the terms of the Intercreditor Agreements, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Cloud Peak Energy Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Collateral Agent for the benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Actionable Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Collateral Agency Agreement (Molycorp, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the U.S. Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Guarantee and Security Agreement (Cloud Peak Energy Resources LLC)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuingcontinuing and/or an Enforcement Notice is in effect, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Windstream Services, LLC)

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Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Administrative Agent for the benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law applicable Law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Guarantee and Security Agreement (Kinetic Concepts Inc)

Authority to Administer Collateral. Each The Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such the Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Lien Grantor's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:the Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 1 contract

Samples: Security Agreement (United States Steel Corp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s 's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 1 contract

Samples: Guarantee and Security Agreement (Cloud Peak Energy Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Borrowers' expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 1 contract

Samples: Security and Pledge Agreement (Qwest Communications International Inc)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Inovalon Holdings, Inc.)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerIssuer’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Protalix BioTherapeutics, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Agent (and all Persons designated by the Agent) as its true and lawful attorneyattorney (and agent in fact), with full power of substitution, in its name or in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s sole cost and expense, to the extent permitted by law and without notice, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuingtime, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (School Specialty Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s such Lien Grantors expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:the Collateral (to the extent necessary to pay the Secured Obligations in full):

Appears in 1 contract

Samples: Security Agreement (Lyondell Chemical Co)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Issuers’ expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Notes Security Agreement (Tower Automotive, LLC)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney-in-fact, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Administrative Agent for the benefit of the Secured Parties, but at the Borrower’s Co-Borrowers’ expense, to the extent permitted by law applicable Law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Credit Agreement (Kinetic Concepts Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s reasonable expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (GT Solar International, Inc.)

Authority to Administer Collateral. Each Lien (a)Each Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerIssuer’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Protalix BioTherapeutics, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (American Reprographics CO)

Authority to Administer Collateral. Each Lien The Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien the Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerGrantor’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s the Collateral:

Appears in 1 contract

Samples: Security Agreement (United Refining Co)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Company's expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuingtime, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:in each case, while

Appears in 1 contract

Samples: Pledge and Security Agreement (Century Aluminum Co)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Company's expense, to the extent permitted by applicable law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s 's Collateral:

Appears in 1 contract

Samples: Security Agreement (McDermott International Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Administrative Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Credit Agreement (Tapestry, Inc.)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s Issuers’ expense, to the extent permitted by law law, to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Cloud Peak Energy Inc.)

Authority to Administer Collateral. (a) Each Lien Grantor irrevocably appoints the Agent Collateral Trustee its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerCompany’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (E Trade Financial Corp)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the BorrowerIssuer’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:

Appears in 1 contract

Samples: Security Agreement (Evergreen Energy Inc)

Authority to Administer Collateral. Each Lien Grantor irrevocably appoints the Collateral Agent its true and lawful attorney, with full power of substitution, in the name of such Lien Grantor, any Secured Party Lender or otherwise, for the sole use and benefit of the Secured PartiesLender, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while an Event if the Loans have been accelerated pursuant to Section 8 of Default shall have occurred and be continuingthe Senior Credit Agreement, all or any of the following powers with respect to all or any of such Lien Grantor’s Collateral:Collateral (to the extent necessary to pay the Obligations in full):

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (AerCap Holdings N.V.)

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