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 the Agent to enter into this Agreement and the other Loan Documents, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Majority Lenders or Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent, the Majority Lenders, 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.

Appears in 9 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan Documents, Documents for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Agent or the Majority Lenders or Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent, Agent or the Majority Lenders, 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.

Appears in 2 contracts

Samples: Post Petition Loan Agreement (Metals Usa Inc), Loan and Security Agreement (Metals Usa Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan DocumentsDocuments relating to the Collateral, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Agent or Majority Lenders or Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan DocumentsDocuments relating to the Collateral, and the exercise by the Agent, Agent or the Majority Lenders, or the Required Lenders, as applicable, 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 (Waxman Industries Inc)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan DocumentsDocu ments relating to the Collateral, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Majority Lenders or Required all Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan DocumentsDocuments relating to the Collateral, and the exercise by the Agent, the Majority Lenders, or the Required all 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Hills Stores Co /De/)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan Documents, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Majority Lenders Agent or Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent, the Majority Lenders, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Worldtex Inc)

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Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Lenders' Agent to enter into this Agreement and the other Loan Documents, for the ratable benefit and obligation of the Lenders' Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Lenders' Agent or Majority Lenders or Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent, Lenders' Agent or the Majority Lenders, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Option Care Inc/De)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan DocumentsDocuments relating to the Collateral, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, Majority Lenders or Required all Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan DocumentsDocuments relating to the Collateral, and the exercise by the Agent, the Majority Lenders, or the Required all 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Hills Stores Co /De/)

Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and directs the Agent to enter into this Agreement and the other Loan DocumentsDocuments relating to the Collateral, for the ratable benefit and obligation of the Agent and the Lenders. Each Lender agrees that any action taken by the Agent, the Majority Lenders Lenders, or the Required Lenders, as applicable, in accordance with the terms of this Agreement or the other Loan DocumentsDocuments relating to the Collateral, and the exercise by the Agent, the Majority Lenders, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Pentacon Inc)

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