Common use of Concerning Agent Clause in Contracts

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due care. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit Agreement, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 2 contracts

Samples: Security Agreement (Kirkland's, Inc), Security Agreement (Kirkland's, Inc)

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Concerning Agent. (i) The Agent has been appointed as administrative agent Canadian Agent and as collateral agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due carefact. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 2 contracts

Samples: General Security Agreement (Sally Beauty Holdings, Inc.), Security Agreement (Sally Beauty Holdings, Inc.)

Concerning Agent. (ia) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ sub-agents and attorneys-in-fact in connection herewith and shall not be liable for in accordance with Section 9.05 of the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due careCredit Agreement. The Agent may resign and a successor Agent may be appointed in the manner provided in Section 9.06 of the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Security Agreement (Foot Locker, Inc.)

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent Agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit AgreementAgreement and the Financing Orders. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, including the release or substitution of the Pledged Collateral), in accordance with this Security Agreement, the Credit Agreement and the Credit AgreementFinancing Orders. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct (other than gross negligence or willful misconduct) of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due careselected by it in good faith. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the an Agent.

Appears in 1 contract

Samples: www.puc.pa.gov

Concerning Agent. (ia) The Agent has been appointed as administrative agent and as collateral agent Agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, including the release or substitution of the Pledged Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not only be liable for the gross negligence or willful misconduct (in each case, as determined by a final non-appealable judgment of a court of competent jurisdiction) of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due careselected. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Security Agreement (Powerwave Technologies Inc)

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Agent acted with gross negligence or willful misconduct in the selection of such agents or attorneys-in-fact are appointed with due carefact. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any such retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Credit Agreement (Lumber Liquidators Holdings, Inc.)

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Purchase Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Purchase Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, including the release or substitution of the Pledged Collateral), in accordance with this Security Agreement and the Credit Purchase Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due careselected by it in good faith. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Purchase Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s 's resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Security Agreement (Terremark Worldwide Inc)

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Concerning Agent. (ia) The Agent has been appointed as administrative agent and as collateral agent Agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due carefact. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Term Loan Security Agreement (FDO Holdings, Inc.)

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Securities Purchase Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit AgreementTransaction Documents. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of the Collateral), in accordance with this Security Agreement and the Credit Agreementother Transaction Documents. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long except as such agents or attorneys-in-fact are appointed with due careset forth in the Transaction Documents. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Securities Purchase Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Security Agreement (Body Central Corp)

Concerning Agent. (i) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Purchase Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Purchase Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, including the release or substitution of the Pledged Collateral), in accordance with this Security Agreement and the Credit Purchase Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents or attorneys-in-fact are appointed with due careselected by it in good faith. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Purchase Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Security Agreement (Terremark Worldwide Inc)

Concerning Agent. (ia) The Agent has been appointed as administrative agent and as collateral agent pursuant to the Credit Agreement. The actions of the Agent hereunder are subject to the provisions of the Credit Agreement. The Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, including the release or substitution of the Pledged Collateral), in accordance with this Security Agreement and the Credit Agreement. The Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact so long as such agents selected by it in good faith except for any gross negligence or attorneys-in-fact are appointed with due carewillful misconduct. The Agent may resign and a successor Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Agent by a successor Agent in accordance with the terms of the Credit AgreementAgent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent under this Security Agreement, and the retiring Agent shall thereupon be discharged from its duties and obligations under this Security Agreement. After any retiring Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was the Agent.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Archipelago Learning, Inc.)

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