Common use of Authority to Take Action Clause in Contracts

Authority to Take Action. Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.

Authority to Take Action. Each Lender Holder of Secured Obligations authorizes the Administrative Agent to enter into each of the Collateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender Holder of Secured Obligations agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.

Authority to Take Action. Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent (or the Collateral Agent acting on its behalf) for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.

Authority to Take Action. Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which it the Administrative Agent is a party and to take all action contemplated by such documents, including, without limitation, all enforcement actions. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative AgentAgent acting on its behalf) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.

Authority to Take Action. Each Lender authorizes the Administrative ------------------------ Agent to enter into each of the Collateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent (or the Collateral Agent acting on its behalf) for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.

Authority to Take Action. Each Lender authorizes the Administrative Agent to enter into and remain subject to each of the Collateral Documents to which it the Administrative Agent is a party and to take all action contemplated by such documents, including ,without limitation, all enforcement actions. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative AgentAgent acting on its behalf) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.