Common use of Collections and Receipt of Proceeds by Agent Clause in Contracts

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrower’s attorney-in-fact to exercise, at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:

Appears in 3 contracts

Samples: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Jupitermedia Corp)

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Collections and Receipt of Proceeds by Agent. Each Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as such Borrower’s attorney-in-fact to exercise, exercise at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:Obligations (other than contingent indemnity obligations):

Appears in 2 contracts

Samples: Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc)

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s 's designated agent, as Borrower’s 's attorney-in-fact to exercise, at any time, time after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured ObligationsDebt:

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Shiloh Industries Inc)

Collections and Receipt of Proceeds by Agent. Each Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrowersuch Xxxxxxxx’s attorney-in-fact to exercise, exercise at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:Obligations (other than contingent indemnity obligations):

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrower’s attorney-in-fact to exercise, at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:Obligations (other than inchoate indemnity obligations):

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Netscout Systems Inc)

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrower’s attorney-in-fact to exercise, exercise at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:Obligations (other than contingent indemnity obligations):

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Epiq Systems Inc)

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrower’s attorney-in-fact to exercise, at any time, time after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:Obligations (other than contingent indemnity obligations):

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

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Collections and Receipt of Proceeds by Agent. Each Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as such Borrower’s attorney-in-fact to exercise, at any time, time after the occurrence and during of a condition or event which the continuance of an Event of DefaultRequired Banks determine has had a Material Adverse Effect, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured ObligationsDebt:

Appears in 1 contract

Samples: Credit and Security Agreement (MTC Technologies Inc)

Collections and Receipt of Proceeds by Agent. Each Borrower hereby constitutes and appoints Agent, or Agent’s 's designated agent, as such Borrower’s 's attorney-in-fact to exercise, at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured ObligationsDebt:

Appears in 1 contract

Samples: Credit and Security Agreement (Res Care Inc /Ky/)

Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent, as Borrower’s attorney-in-fact to exercise, exercise at any time, time after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations:

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Shiloh Industries Inc)

Collections and Receipt of Proceeds by Agent. Each Borrower hereby constitutes and appoints Agent, or Agent’s 's designated agent, as such Borrower’s 's attorney-in-fact to exercise, at any time, time after the occurrence and during of a condition or event which the continuance of an Event of DefaultRequired Banks determine has had a Material Adverse Effect, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured ObligationsDebt:

Appears in 1 contract

Samples: Credit and Security Agreement (MTC Technologies Inc)

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