Common use of Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents Clause in Contracts

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of the Collateral Documents: (a) the Collateral Agent may, in its sole discretion and without the consent of the Holders, take all actions it deems necessary or appropriate in order to (i) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents and (ii) collect and receive any and all amounts payable in respect of the Obligations of the Company and the Guarantors hereunder and under the Collateral Documents; and (b) the Collateral Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any act that may be unlawful or in violation of the Collateral Documents or this Indenture, and such suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder or be prejudicial to the interests of the Holders or of the Collateral Agent).

Appears in 3 contracts

Samples: Indenture (Loral Orion Inc), Indenture (Loral Orion Inc), Indenture (Loral Space & Communications Inc.)

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Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of Sections 7.1 and 7.2 hereof and the Collateral Documents: (a) Agreement, the Collateral Agent may, in its sole discretion and without the consent of the HoldersHolders of Senior Notes, take all actions it deems necessary or appropriate in order to (ia) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents and (iib) collect and receive any and all amounts payable in respect of the Obligations of the Company and Issuers hereunder. Subject to the Guarantors hereunder and under the Collateral Documents; and (b) Intercreditor Agreement, the Collateral Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any act acts that may be unlawful or in violation of the Collateral Documents or this Indenture, and such suits and proceedings as the Collateral Agent Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Senior Notes in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder hereunder or be prejudicial to the interests of the Holders of Senior Notes or of the Collateral Agent).

Appears in 3 contracts

Samples: Indenture (Superior Essex Inc), Indenture (Superior Telecommunications Inc), Indenture (Essex Group Inc)

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of Section 7.01 and 7.02 hereof, the Collateral Documents: (a) the Collateral Agent Trustee may, in its sole discretion and without the consent of the Holders, direct, on behalf of the Holders, the Collateral Agent to, take all actions it deems necessary or appropriate in order to to: (i1) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents and Documents; and (ii2) collect and receive any and all amounts payable in respect of the Obligations of the Company and the Guarantors hereunder and under the Collateral Documents; and (b) the Collateral Agent shall hereunder. The Trustee will have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any act acts that may be unlawful or in violation of the Collateral Documents or this Indenture, and such suits and proceedings as the Collateral Agent Trustee may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder hereunder or be prejudicial to the interests of the Holders or of the Collateral AgentTrustee).

Appears in 1 contract

Samples: Indenture (TB Wood's INC)

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of SECTIONS 7.01 AND 7.02, the Collateral Documents: (a) the Collateral Agent Trustee may, in its sole discretion and without the consent of the Holders, on behalf of the Holders, direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (ia) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents and (iib) collect and receive any and all amounts payable in respect of the Obligations of the Company Issuer under any of the Operative Documents. The Trustee and the Guarantors hereunder and under the Collateral Documents; and (b) the Collateral Agent shall have power to institute and to maintain such suits and proceedings and enter into such agreements as it either may deem expedient to prevent any impairment of the Collateral by any act acts that may be unlawful or in violation of the Collateral Documents or this Indenture, and such suits suits, proceedings and proceedings agreements as the Trustee or the Collateral Agent may deem expedient to preserve or protect its interests and the interests interest of the Holders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder hereunder or be prejudicial to the interests of the Holders or of Trustee, the Collateral AgentAgent or the Holders).

Appears in 1 contract

Samples: Indenture (Jamboree LLC)

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Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of Sections 7.01 and 7.02 hereof, the Collateral Documents: (a) the Collateral Agent Trustee may, in its sole discretion and without the consent of the HoldersHolders of Notes, on behalf of the Holders of Notes, direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (ia) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents and (iib) collect and receive any and all amounts payable in respect of the Obligations of the Company and the Guarantors Issuer hereunder and or under the Collateral Documents; and (b) . The Trustee and the Collateral Agent shall have power to institute and to maintain such suits and proceedings and enter into such agreements as it either may deem expedient to prevent any impairment of the Collateral by any act acts that may be unlawful or in violation of the Collateral Documents or this Indenture, and such suits suits, proceedings and proceedings agreements as the Trustee or the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder hereunder or be prejudicial to the interests of the Holders or of Trustee, the Collateral AgentAgent or the Holders of Notes).

Appears in 1 contract

Samples: Indenture (Mortgage & Realty Trust)

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Documents. Subject to the provisions of the Collateral Documents: (a) Sections 7.01 and 7.02 hereof, the Collateral Agent may, in its sole discretion and without the consent of the HoldersHolders of the Notes, take all actions it deems necessary or appropriate in order to (ia) comply with, enforce and perform, from time to time, any of the terms of the Collateral Documents Documents, and (iib) collect and receive any and all amounts payable in respect of the Obligations of the Company under this Agreement and the Guarantors hereunder and under the Collateral Documents; and (b) the . The Collateral Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any act acts that may be unlawful or in violation of the Collateral Documents or this IndentureAgreement, and such suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders of the Notes in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder hereunder or be prejudicial to the interests of the Holders of the Notes or of the Collateral Agent). The Collateral Agent is not obligated to foreclose on the Collateral, even if indemnity is offered, if this right may subject the Collateral Agent to personal environmental liability.

Appears in 1 contract

Samples: Guaranty Agreement (Sf Holdings Group Inc)

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