Common use of No independent power Clause in Contracts

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security Agent.

Appears in 19 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Alliance Data Systems Corp), Multipurpose Facilities Agreement (SunOpta Inc.)

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No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security AgentTrustee.

Appears in 12 contracts

Samples: Intercreditor Deed (Fx Energy Inc), Amendment and Restatement Agreement (Validus Holdings LTD), Intercreditor Deed (Fx Energy Inc)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Finance Documents creating the Transaction Security Documents except through the Security Agent.

Appears in 11 contracts

Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security AgentTrustee.

Appears in 8 contracts

Samples: Credit Agreement (Fleetcor Technologies Inc), Pre Export Finance Agreement (Votorantim Pulp & Paper Inc), Pre Export Finance Agreement (Votorantim Pulp & Paper Inc)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Transaction Security Documents except through the Security Agent.

Appears in 7 contracts

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Loan Agreement (PCGI Intermediate Holdings LTD)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security and Intercreditor Agent.

Appears in 6 contracts

Samples: Revolving Credit Facility Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than in accordance with the terms of the Debt Documents) except through the Security Agent.

Appears in 5 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Transaction Security Documents (other than this Agreement) except through the Security AgentAgent or Secondary Security Agent (as applicable).

Appears in 3 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security Charged Property or to exercise any rights or powers arising under the Security Documents this Share Mortgage except through the Security AgentTrustee.

Appears in 2 contracts

Samples: First Priority Share Mortgage (China Time Share Media Co. LTD), First Priority Share Mortgage (WSP Holdings LTD)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any Security Interest created by any of the Transaction Security Finance Documents or to exercise any rights or powers arising under the Finance Documents creating the Security Documents Interest except through the Security AgentTrustee.

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights right, power, authority or powers discretion arising under the Security Documents except through the Security AgentAgent (other than in relation to any Security Document granted in their favour).

Appears in 1 contract

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.)

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No independent power. The Other than expressly permitted by this Agreement, the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Finance Documents creating the Transaction Security Documents except through the Security Agent.

Appears in 1 contract

Samples: Term Loan Facility (Star Bulk Carriers Corp.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security Trustee or to exercise any rights or powers arising under the Transaction Security Trustee Documents except through the Security AgentTrustee.

Appears in 1 contract

Samples: £200,000,000 Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Credit Agreement) in respect of the Transaction Security, except through the Security Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (Home Inns & Hotels Management Inc.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security Agent.Transaction Security

Appears in 1 contract

Samples: Facilities Agreement (StarTek, Inc.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security Collateral Agent.

Appears in 1 contract

Samples: Collateral Agent and Administrative Agent Appointment Deed (Integra Leasing As)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Transaction Security Documents (other than this Agreement) except through the Security Agent.

Appears in 1 contract

Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

No independent power. The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents except through the Security Agent.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Hanover Insurance Group, Inc.)

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