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

Collections and Receipt of Proceeds by Agent. Each Credit Party hereby constitutes and appoints Agent, or Agent’s designated agent, as such Credit Party’s attorney-in-fact to exercise, at any time, 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 Debt:

Appears in 5 contracts

Samples: Credit and Security Agreement (Ultralife Corp), Credit and Security Agreement, Credit and Security Agreement (Ultralife Corp)

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Collections and Receipt of Proceeds by Agent. Each Credit Party hereby constitutes and appoints Agent, or Agent’s designated agent, as such Credit PartyBorrower’s attorney-in-fact to exercise, at any time, 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 DebtObligations:

Appears in 2 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)

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Collections and Receipt of Proceeds by Agent. Each Credit Party hereby constitutes and appoints Agent, or Agent’s 's designated agent, as such Credit Party’s Borrower's attorney-in-fact to exercise, at any time, 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 DebtObligations:

Appears in 1 contract

Samples: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

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