Common use of Concerning the Collateral and the Related Financing Agreements Clause in Contracts

Concerning the Collateral and the Related Financing Agreements. Each Lender authorizes and directs Administrative and Collateral Agent to enter into this Agreement and the other Financing Agreements relating to the Collateral for its ratable benefit. Each Lender agrees that any action taken by Administrative and Collateral Agent or Required Lenders in accordance with the terms of this Agreement or the other Financing Agreements relating to the Collateral, and the exercise by Administrative and Collateral Agent or Required Lenders of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders.

Appears in 3 contracts

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.), Loan and Security Agreement (BlueLinx Holdings Inc.), Loan and Security Agreement (BlueLinx Holdings Inc.)

AutoNDA by SimpleDocs

Concerning the Collateral and the Related Financing Agreements. Each Lender authorizes and directs Administrative and Collateral Agent to enter into this Agreement and the other Financing Agreements relating to the Collateral Collateral, for its the ratable benefitbenefit of Lenders and Administrative Agent. Each Lender agrees that any action taken by Administrative and Collateral Agent or Required Lenders in accordance with the terms of this Agreement or the other Financing Agreements relating to the Collateral, and the exercise by Administrative and Collateral Agent or Required Lenders of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Bell Microproducts Inc)

AutoNDA by SimpleDocs

Concerning the Collateral and the Related Financing Agreements. Each Lender authorizes and directs Administrative and Collateral Agent to enter into this Agreement and the other Financing Agreements relating to the Collateral for its ratable benefitAgreements. Each Lender agrees that any action taken by Administrative and Collateral Agent or Required Lenders or Required Revolving Lenders or Required Term Loan Lenders in accordance with the terms of this Agreement or the other Financing Agreements relating to the Collateral, and the exercise by Administrative and Collateral Agent or Required Lenders or Required Revolving Lenders or Required Term Loan Lenders of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Trailer Bridge Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.