Common use of Concerning the Collateral and the Related Loan Documents Clause in Contracts

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Hedge Agreements, Secured Cash Management Agreements, and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.3.

Appears in 8 contracts

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.)

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Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Agent Advances, applicable Swingline Loans, Secured Hedge Agreements, Secured Cash Management Agreements, and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.3.

Appears in 8 contracts

Samples: Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs each Appointed the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents Agent and the Lenders. Each Lender agrees that any action taken by any Appointed the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed the Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements, Secured Cash Management Agreements, ) and all interest, fees and expenses hereunder constitute one DebtIndebtedness, secured equally pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.34.6.

Appears in 6 contracts

Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (United Rentals North America Inc), Credit Agreement (United Rentals North America Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements, Secured Cash Management Agreements, ) and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.310.2.

Appears in 3 contracts

Samples: Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Agent Advances, applicable Swingline Loans, Secured Hedge Agreements, Agreements and Secured Cash Management Agreements, Agreements and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.310.2.

Appears in 3 contracts

Samples: Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed the Administrative Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the LendersCredit Providers. Each Lender agrees that any action taken by any Appointed Agent the Administrative Agent, the Required Lenders, or the Required Majority Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent the Administrative Agent, the Required Lenders, or the Required Majority Lenders, as applicable, 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. The Lenders acknowledge that the Term Revolving Loans (including the Agent Advances and the Non-Ratable Loans), applicable Secured Hedge Agreements, Secured Cash Management AgreementsBank Products, and all interest, fees fees, and expenses hereunder constitute one Debt, secured equally pari passu by all of the applicable Collateral, subject to the order of distribution of payments set forth in Section 10.34.6.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed the Collateral Agent and the Administrative Agent, as applicable, to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the LendersCredit Providers. Each Lender agrees that any action taken by any Appointed the Collateral Agent, the Administrative Agent or the Required Majority Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed the Collateral Agent, the Administrative Agent or the Required Majority Lenders, as applicable, 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. The Lenders acknowledge that the Term Revolving Loans (including the Agent Advances and the Non-Ratable Loans), applicable Secured Hedge Agreements, Secured Cash Management AgreementsBank Products, and all interest, fees fees, and expenses hereunder constitute one Debt, secured equally pari passu by all of the applicable Collateral, subject to the order of distribution of payments set forth in Section 10.34.6.

Appears in 1 contract

Samples: Loan and Security Agreement (Ahern Rentals Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Hedge Agreements, Secured Cash Management Agreements, Loans and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.3.

Appears in 1 contract

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.)

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Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed the Agent and the Security Trustee to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the LendersCredit Providers. Each Lender agrees that any action taken by any Appointed Agent the Agent, the Security Trustee, the Required Lenders, or the Required Majority Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent the Agent, the Security Trustee, the Required Lenders, or the Required Majority Lenders, as applicable, 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. The Lenders acknowledge that the Term Revolving Loans (including the Agent Advances and the Non-Ratable Loans, applicable Secured Hedge Agreements, Secured Cash Management AgreementsBank Products, and all interest, fees fees, and expenses hereunder hereunder) constitute one DebtIndebtedness, secured equally pari passu by all of the applicable Collateral, subject to the order of distribution of payments set forth in Section 10.32.11(e).

Appears in 1 contract

Samples: Security Agreement (Jeffboat LLC)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Hedge Agreements, Secured Cash Management Agreements, and all interest, fees and expenses hereunder constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.3.

Appears in 1 contract

Samples: Intercreditor Agreement (ProFrac Holding Corp.)

Concerning the Collateral and the Related Loan Documents. (a) Each Lender authorizes and directs each Appointed the Agent to enter into the other Loan Documents, including any Acceptable Intercreditor Agreement, for the ratable benefit and obligation 209 of the Appointed Agents Agent and the Lenders. Each Lender agrees that any action taken by any Appointed the Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed the Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Secured Agent Advances, applicable Swingline Loans, Bank Products (including all Hedge Agreements, Secured Cash Management Agreements, ) and all interest, fees and expenses hereunder constitute one DebtIndebtedness, secured equally pari passu by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.34.6.

Appears in 1 contract

Samples: Credit Agreement (Herc Holdings Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs each Appointed Agent to enter into the other Loan Documents, including any Intercreditor Agreement, for the ratable benefit and obligation of the Appointed Agents and the Lenders. Each Lender agrees that any action taken by any Appointed Agent or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by any Appointed Agent or the Required Lenders, as applicable, 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. The Lenders acknowledge that the Term Loans, applicable Agent Advances, applicable Swingline Loans, Secured Hedge Agreements, Secured Cash Management Agreements, and all interest, fees and expenses hereunder 377 constitute one Debt, secured equally by all of the applicable Collateral, subject to the order of distribution set forth in Section 10.3.

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

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