Further Approvals Required. (a) In connection with the exercise by Administrative Agent of its Rights hereunder that effects the disposition of or use of any Collateral, it may be necessary to obtain the prior consent, waiver or approval of Tribunals and other Persons to a transfer or assignment of Collateral, including, without limitation, the FCC. (b) Pledgor hereby agrees, during the continuance of an Event of Default, to execute, deliver, and file, and hereby appoints (to the extent permitted under applicable Law) Administrative Agent as its attorney-in-fact, during the continuance of an Event of Default, to execute, deliver, and file on Pledgor's behalf and in Pledgor's name, all applications, certificates, filings, instruments, and other documents (including without limitation any application for an assignment or transfer of control or ownership) that may be necessary or appropriate, in Administrative Agent's opinion, to obtain such consents, waivers or approvals. Pledgor acknowledges that there is no adequate remedy at Law for failure by it to comply with the provisions of this Section 4.07 and that such failure would not be adequately compensable in damages, and therefore agrees that this Section 4.07 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (World Access Inc /New/), Pledge Agreement (World Access Inc /New/)
Further Approvals Required. (a) In connection with the exercise by Administrative Agent of its Rights hereunder that effects the disposition of or use of any Collateral, it may be necessary to obtain the prior consent, waiver or approval of Tribunals and other Persons to a transfer or assignment of Collateral, Collateral including, without limitation, the FCC.
(b) Pledgor hereby agrees, during the continuance of an Event of Default, to execute, deliver, and file, and hereby appoints (to the extent permitted under applicable Law) Administrative Agent as its attorney-in-fact, during the continuance of an Event of Default, to execute, deliver, and file on Pledgor's behalf and in Pledgor's name, all applications, certificates, filings, instruments, and other documents (including without limitation any application for an assignment or transfer of control or ownership) that may be necessary or appropriate, in Administrative Agent's opinion, to obtain such consents, waivers or approvals. Pledgor acknowledges that there is no adequate remedy at Law for failure by it to comply with the provisions of this Section 4.07 and that such failure would not be adequately compensable in damages, and therefore agrees that this Section 4.07 may be specifically enforced.
Appears in 1 contract
Further Approvals Required. (a) In connection with the exercise by Administrative Agent of its Rights rights hereunder that effects the disposition of or use of any Capital Stock Collateral, it may be necessary to obtain the prior consent, waiver waiver, or approval of Tribunals tribunals and other Persons to a transfer or assignment of Capital Stock Collateral, including, without limitation, the FCC.
(b) Pledgor hereby agrees, during upon the continuance occurrence of an Event of Default, to execute, deliver, and file, and hereby appoints (to the extent permitted under applicable Lawlaw) Administrative Agent Agent, as its attorney-in-fact, during upon the continuance occurrence of an Event of Default, to execute, deliver, and file on Pledgor's behalf and in Pledgor's name, all applications, certificates, filings, instruments, and other documents (including without limitation any application for an assignment or transfer of control or ownership) that may be necessary or appropriate, in Administrative Agent's opinion, to obtain such consents, waivers waivers, or approvals. Pledgor acknowledges that there is no adequate remedy at Law law for failure by it to comply with the provisions of this Section 4.07 and that such failure would not be adequately compensable in damages, damages and therefore agrees that this Section 4.07 may be specifically enforced.
Appears in 1 contract
Further Approvals Required. (a) In connection with the exercise by Administrative Agent Lender of its Rights hereunder that effects the disposition of or use of any Collateral, it may be necessary to obtain the prior consent, waiver or approval of Tribunals and other Persons to a transfer or assignment of Collateral, Collateral including, without limitation, the FCC.
(b) Pledgor hereby agrees, during the continuance of an Event of Default, to execute, deliver, and file, and hereby appoints (to the extent permitted under applicable Law) Administrative Agent Lender as its attorney-in-fact, during the continuance of an Event of Default, to execute, deliver, and file on Pledgor's behalf and in Pledgor's name, all applications, certificates, filings, instruments, and other documents (including without limitation any application for an assignment or transfer of control or ownership) that may be necessary or appropriate, in Administrative AgentLender's opinion, to obtain such consents, waivers or approvals. Pledgor acknowledges that there is no adequate remedy at Law for failure by it to comply with the provisions of this Section 4.07 and ------------ that such failure would not be adequately compensable in damages, and therefore agrees that this Section 4.07 may be specifically enforced.. ------------
Appears in 1 contract
Samples: Credit Agreement (Itc Deltacom Inc)