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

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders of Notes agree that the Collateral Agent shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits provided to the Collateral Agent by the Security Documents. Furthermore, each Holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacities) and the Collateral Agent to enter into and perform the Security Documents in each of its capacities thereunder.

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders of Notes agree that the Collateral Agent shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits provided to the Collateral Agent by the Security Documents. Furthermore, each Holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacities) and the Collateral Agent to enter into and perform the Security Documents in each of its capacities thereunder.

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders of Notes agree that the Collateral Agent shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits protections provided to the Collateral Agent by the Security DocumentsAgreement (including the Intercreditor Agreement). Furthermore, each Holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacities) and the Collateral Agent to enter into and perform the Security Documents in each of its capacities thereunder.

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders holders of Notes agree that the Collateral Agent, Escrow Agent and Security Trustee shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits provided to the Collateral Agent by the Security Documents. Furthermore, each Holder holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacitiescapacities including, but not limited to, Security Trustee under the Ship Mortgages) and the Collateral Agent to enter into and perform the Security Documents (including without limitation the Intercreditor Agreement and the Ship Mortgages) in each of its capacities thereunder.

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders holders of Notes agree that the Collateral Agent and the Sub-Collateral Agent shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits provided to the Collateral Agent and the Sub-Collateral Agent by the Security Documents. Furthermore, each Holder holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacities) and the Collateral Agent and the Sub-Collateral Agent to enter into and perform the Security Documents in each of its capacities thereunder.

Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. The Holders holders of Notes agree that the Collateral Agent shall be entitled to the rights, privileges, protections, immunities, indemnities and benefits provided to the Collateral Agent by the Security Documents. Furthermore, each Holder holder of a Note, by accepting such Note, agrees, acknowledges and consents to the terms (including, but not limited to, waivers, representations and covenants) of and authorizes and directs the Trustee (in each of its capacitiescapacities including, but not limited to, Security Trustee under the Fleet Mortgages) and the Collateral Agent to enter into and perform the Security Documents (including without limitation the Intercreditor Agreement and the Fleet Mortgages) in each of its capacities thereunder.