Common use of Parent as Agent for Borrowers Clause in Contracts

Parent as Agent for Borrowers. Each Borrower hereby irrevocably appoints Parent as its borrowing agent and attorney-in-fact for all actions required to be taken by such Borrower under this Agreement (the "Administrative Borrower") which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc /Ca/)

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Parent as Agent for Borrowers. Each Borrower hereby irrevocably appoints Parent as its the borrowing agent and attorney-in-fact for all actions required to be taken by such Borrower under this Agreement Borrowers (the "Administrative Borrower") which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower122846886v7

Appears in 1 contract

Samples: Credit Agreement (Farmer Brothers Co)

Parent as Agent for Borrowers. Each Borrower hereby irrevocably appoints Parent as its the borrowing agent and attorney-in-fact for all actions required to be taken by such Borrower under this Agreement Borrowers (the "Administrative Borrower") which appointment shall remain in full force and effect unless and until Agent Lender shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borroweranother

Appears in 1 contract

Samples: Loan and Security Agreement (Cray Inc)

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Parent as Agent for Borrowers. Each Borrower hereby irrevocably appoints Parent as its the borrowing agent and attorney-in-fact for all actions required to be taken by such Borrower under this Agreement Borrowers (the "β€œAdministrative Borrower"”) which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative BorrowerAdministrative

Appears in 1 contract

Samples: Credit Agreement (SoftBrands, Inc.)

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