Common use of Mortgagee as Agent; Successor Agents Clause in Contracts

Mortgagee as Agent; Successor Agents. (a) Mortgagee has been appointed to act as agent hereunder by the other Secured Parties pursuant to the Credit Agreement. Mortgagee 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 any action (including, without limitation, the release or substitution of the Mortgaged Property) in accordance with the Credit Agreement, any related agency agreement among the Loan Parties, Mortgagee and the other Secured Parties (collectively, as amended, amended and restated, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of Mortgagee, without inquiry into the existence of required consents or approvals of the Secured Parties therefor.

Appears in 2 contracts

Samples: Credit Agreement (Supervalu Inc), Intercreditor Agreement (Supervalu Inc)

AutoNDA by SimpleDocs

Mortgagee as Agent; Successor Agents. (a) Mortgagee has been appointed to act as agent hereunder by the other Secured Parties Lenders pursuant to the Credit Agreement. Mortgagee 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 any action (including, without limitation, the release or substitution of the Mortgaged Property) in accordance with the Credit Agreement, any related agency agreement among the Loan Parties, Mortgagee and the other Secured Parties Lenders (collectively, as amended, amended and restated, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of Mortgagee, without inquiry into the existence of required consents or approvals of the Secured Parties Lenders therefor.

Appears in 2 contracts

Samples: Credit Agreement (Supervalu Inc), Credit Agreement (Supervalu Inc)

Mortgagee as Agent; Successor Agents. (a) Mortgagee has been appointed to act as agent Agent hereunder by the other Secured Parties pursuant to the Credit AgreementHolders. Mortgagee 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 any action (including, without limitation, the release or substitution of the Mortgaged Property) ), subject to the terms of the Intercreditor Agreement, in accordance with the Credit Agreementterms of the Indenture, any related agency agreement among the Loan Parties, Mortgagee and the other Secured Parties Holders (collectively, as amended, amended and restated, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of Mortgagee, without inquiry into the existence of required consents or approvals of the Secured Parties Holders therefor.

Appears in 1 contract

Samples: Mortgage, Security Agreement (GXS Corp)

Mortgagee as Agent; Successor Agents. (a) Pursuant to Section 12.01 of the Credit Agreement, Mortgagee has been appointed to act as agent hereunder Collateral Agent by the other Secured Parties pursuant to the Credit AgreementParties. Mortgagee 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 any action (including, without limitation, the release or substitution of the Mortgaged Property) in accordance with the terms of the Credit Agreement, any related agency agreement among the Loan Parties, Mortgagee and the other Secured Parties (collectively, as amended, amended and restated, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of Mortgagee, without inquiry into the existence of required consents or approvals of the Secured Parties therefor.. Exhibit N

Appears in 1 contract

Samples: Intercreditor Agreement (AbitibiBowater Inc.)

AutoNDA by SimpleDocs

Mortgagee as Agent; Successor Agents. (ai) Mortgagee Agent has been appointed to act as agent Agent hereunder by the other Secured Parties pursuant to the Credit AgreementParties. Mortgagee 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 any action (including, without limitation, the release or substitution of the Mortgaged Property) and shall have all rights, protections, privileges, benefits, indemnities and immunities accorded in accordance with the terms of the Term Loan Credit Agreement, any related agency agreement among the Loan Parties, Mortgagee Agent and the other Secured Parties (collectively, as amended, amended and restated, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of MortgageeAgent, without inquiry into the existence of required consents or approvals of the Secured Parties therefor.

Appears in 1 contract

Samples: Brandco Credit Agreement (Revlon Inc /De/)

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