Common use of Authorization to Execute Certain Documents Clause in Contracts

Authorization to Execute Certain Documents. Each Secured ------------------------------------------ Party hereby authorizes the Collateral Trustee to, and the Collateral Trustee shall, execute and deliver each of the Collateral Documents requiring execution and delivery by it, and the Collateral Trustee shall accept delivery from the Grantors in writing of those Collateral Documents which do not require the Collateral Trustee's execution; provided, however, that the Collateral Trustee shall have no duty to execute and deliver, or to accept delivery of, any Collateral Document that is not satisfactory to it.

Appears in 1 contract

Samples: Indenture (Finova Group Inc)

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Authorization to Execute Certain Documents. Each Secured Party ------------------------------------------ Party hereby authorizes the Collateral Trustee to, and the Collateral Trustee shall, execute and deliver each of the Collateral Documents requiring execution and delivery by it, and the Collateral Trustee shall accept delivery from the Grantors in writing of those Collateral Documents which do not require the Collateral Trustee's execution; provided, however, that the Collateral Trustee shall have no duty to execute and deliver, or to accept delivery of, any Collateral Document that is not satisfactory to it.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

Authorization to Execute Certain Documents. Each Secured ------------------------------------------ Party hereby authorizes the Collateral Trustee to, and the Collateral Trustee shall, execute and deliver each of the Shared Collateral Documents described on Schedule A hereto requiring execution and delivery by it, and the Collateral Trustee shall accept delivery from the Grantors in writing of those Shared Collateral Documents which do not require the Collateral Trustee's execution; provided, however, that the Collateral Trustee shall have no duty to execute and deliver, or to accept delivery of, any Shared Collateral Document that is not satisfactory to it.

Appears in 1 contract

Samples: Collateral Trust Agreement (FMC Corp)

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Authorization to Execute Certain Documents. Each Secured ------------------------------------------ Party hereby authorizes the Collateral Trustee to, and the Collateral Trustee shall, execute and deliver each of the Collateral Documents requiring execution and delivery by it, and the Collateral Trustee shall accept delivery from the Grantors in writing of those Collateral Documents which do not require the Collateral Trustee's execution; provided, however, that the Collateral Trustee shall have no duty to execute and deliver, or to accept delivery of, any Collateral Document that is not satisfactory to it.

Appears in 1 contract

Samples: Indenture (Finova Group Inc)

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