Collateral Agent’s Appointment as Attorney-in-Fact, etc. (a) The Borrower hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower and in the name of the Borrower or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, the Borrower hereby gives the Collateral Agent the power and right, on behalf of the Borrower, without notice to or assent by the Borrower, to do any or all of the following:
Appears in 4 contracts
Samples: Note Purchase Agreement (Essential Utilities, Inc.), Term Loan, Security and Guaranty Agreement (Venoco, Inc.), Collateral Agreement (Sirius Satellite Radio Inc)
Collateral Agent’s Appointment as Attorney-in-Fact, etc. (a) The Borrower Each Pledgor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower such Pledgor and in the name of the Borrower such Pledgor or in its own name, for solely to the purpose of carrying out extent necessary to effect the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, the Borrower such Pledgor hereby gives the Collateral Agent the power and right, on behalf of the Borrowersuch Pledgor, without notice (other than as required by Section 6.1(a)(iv)(7)) to or assent by the Borrowersuch Pledgor, to do any or all of the following:
Appears in 2 contracts
Samples: Credit Agreement (Iac/Interactivecorp), Credit Agreement (Match Group, Inc.)
Collateral Agent’s Appointment as Attorney-in-Fact, etc. (a) The Borrower Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower Grantor and in the name of the Borrower Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, the Borrower Grantor hereby gives the Collateral Agent the power and right, on behalf of the BorrowerGrantor, without notice to or assent by the BorrowerGrantor, to do any or all of the following, subject to the Collateral Agency Agreement:
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Collateral Agent’s Appointment as Attorney-in-Fact, etc. (a) The Borrower Each Pledgor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower such Pledgor and in the name of the Borrower such Pledgor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, the Borrower each Pledgor hereby gives the Collateral Agent the power and right, on behalf of the Borrowersuch Pledgor, without notice to or assent by the Borrowersuch Pledgor, to do any or all of the followingfollowing upon the occurrence and during the continuation of an Event of Default:
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Collateral Agent’s Appointment as Attorney-in-Fact, etc. (a) The Borrower Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower such Grantor and in the name of the Borrower such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, the Borrower each Grantor hereby gives the Collateral Agent the power and right, on behalf of the Borrowersuch Grantor, without notice to or assent by the Borrowersuch Grantor, to do any or all of the following, subject to the Collateral Agency Agreement:
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