Powers of the Administrative Agent. Each Subsidiary Guarantor appoints the Administrative Agent its true attorney in fact to perform any of the provisions of this Agreement, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Administrative Agent’s officers and employees, or any of them; provided that the Administrative Agent agrees not to exercise such power of attorney unless an Event of Default has occurred and is continuing.
Powers of the Administrative Agent. (i) The Administrative Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Administrative Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Administrative Agent.
(ii) The Administrative Agent is authorized to enter into one or more Intercreditor Agreements and amendments thereto.
Powers of the Administrative Agent. Debtor appoints the Administrative Agent its true attorney in fact to perform any of the following powers, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Administrative Agent's officers and employees, or any of them: (a) to perform any obligation of Debtor hereunder in Debtor's name or otherwise; (b) to give notice to account debtors or others of the Administrative Agent's rights in the Collateral and Proceeds, to enforce or forebear from enforcing the same and make extension and modification agreements with respect thereto; (c) to release Persons liable on Collateral or Proceeds and to give receipts and acquittances and compromise disputes in connection therewith; (d) to release or substitute security; (e) to resort to security in any order; (f) to prepare, execute, file, record or deliver notes, assignments, schedules, designation statements, financing statements, continuation statements, termination statements, statements of assignment, applications for registration or like papers to perfect, preserve or release the Administrative Agent’s interest in the Collateral and Proceeds; (g) to receive, open and read mail addressed to Debtor; (h) to take cash, instruments for the payment of money and other property to which the Administrative Agent is entitled; (i) to verify facts concerning the Collateral and Proceeds by inquiry of obligors thereon, or otherwise, in Debtor’s name or any trade name of Debtor; (j) to endorse, collect, deliver and receive payment under instruments for the payment of money constituting or relating to Proceeds; (k) to prepare, adjust, execute, deliver and receive payment under insurance claims, and to collect and receive payment of and endorse any instrument in payment of loss or returned premiums or any other insurance refund or return, and to apply such amounts received by the Administrative Agent, at the Administrative Agent's sole option, toward repayment of the Secured Obligations or, where appropriate, replacement of the Collateral; (l) to exercise all rights, powers and remedies which Debtor would have, but for this Agreement, with respect to all Collateral and Proceeds subject hereto; (m) to enter onto Debtor's premises during normal business hours, as often as may be desired, and without advance notice for the purpose of inspecting the Collateral; (n) to make withdrawals from and to close deposit accounts or other accounts with any financ...
Powers of the Administrative Agent. At any time, without notice unless expressly required elsewhere in this Agreement, and at the expense of the Pledgor, the Administrative Agent in its name or in the name of the applicable Pledgor may, but shall not be obligated to:
Powers of the Administrative Agent. Each Debtor appoints the Administrative Agent its true attorney in fact to perform any of the following powers, which are coupled with an interest, are irrevocable until termination of this Agreement and may be exercised from time to time by the Administrative Agent’s officers and employees, or any of them: (a) to perform any obligation of such Debtor hereunder in such Debtor’s name or otherwise; and (b) to do all acts and things and execute all documents in the name of such Debtor or otherwise, deemed by the Administrative Agent as necessary, proper or convenient in connection with the preservation, perfection or enforcement of its rights hereunder; provided that the Administrative Agent agrees not to exercise such power of attorney unless an Event of Default has occurred and is continuing.
Powers of the Administrative Agent. Except as otherwise expressly provided for in this Agreement, and subject to the provisions of Section 11.10 hereof, the Administrative Agent shall have the right, in its sole discretion, in each instance: (a) to grant or withhold approvals under the Loan Documents; (b) to exercise or refrain from exercising any rights which the Administrative Agent or the Banks may have with respect to the Obligations, the Loan Documents, or with respect to any of the collateral hereunder; and (c) including, without limitation, the right to:
(i) Receive, review and process all documents, certificates, opinions, insurance policies, reports, requisitions and other materials of every nature and description submitted by, or on behalf of, the Company or any other party;
(ii) Fund the Advances in accordance with the provisions of this Agreement and the other Loan Documents, but with respect to the respective Pro Rata Shares of the Banks in the Advances, only to the extent of immediately available funds provided to the Administrative Agent by the Banks for such purpose;
(iii) Receive all payments of principal, interest, fees and other charges paid by, or on behalf of, the Company and distribute such funds to the Banks as specifically required in this Agreement;
(iv) Enforce all of the rights, remedies and privileges afforded or available to the Banks under the terms of this Agreement and the other Loan Documents, any opinion, certificates, warranties, representations or insurance policies furnished by or on behalf of the Company or any other party (but only after election to declare an Event or Events of Default and/or to accelerate amounts outstanding under the Loan Documents as provided in this Agreement); and
(v) Do or refrain from doing all such other acts as may be reasonably necessary or incident to the implementation, administration or servicing of the Loan Documents and the enforcement of the rights and remedies of the Banks.
Powers of the Administrative Agent. The Administrative Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Collateral Documents and applicable law and in equity and to act as set forth in this Article XII or as requested in any lawful directions given to it from time to time in respect of any matter pursuant to a direction in writing delivered to the Administrative Agent by or on behalf of the Requisite Lenders.
Powers of the Administrative Agent. To the extent permitted by applicable law, the Administrative Agent may at any time or from time to time renew or extend this Indenture or (with the agreement of the Company) alter or modify the same in any way, or waive any of the terms, covenants or conditions hereof or thereof, in whole or in part, and may release or reconvey any portion of the Mortgaged Property or any other security, and grant such extensions and indulgences in relation to the Obligations, or release any Person liable therefor as the Administrative Agent may determine without the consent of any junior lienor or encumbrancer, without any obligation to give notice of any kind thereto, without in any manner affecting the priority of the lien and estate of this Indenture on or in any part of the Mortgaged Property, and without affecting the liability of any other Person liable for any of the Obligations.
