Ratification; Power Coupled With An Interest. The Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof in accordance with the terms of this Agreement, absent gross negligence or willful misconduct on the part of the Lender. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.
Appears in 7 contracts
Samples: Line of Credit Agreement (Crescent Operating Inc), Line of Credit Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc)
Ratification; Power Coupled With An Interest. The Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof in accordance with the terms of this Agreement, absent gross negligence or willful misconduct on the part of the Lender. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.an
Appears in 3 contracts
Samples: Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc)
Ratification; Power Coupled With An Interest. The Each Parent Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof in accordance with the terms of this Agreement, absent gross negligence or willful misconduct on the part of the Lenderhereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)
Ratification; Power Coupled With An Interest. The Each Borrower hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof in accordance with the terms of this Agreement, absent gross negligence or willful misconduct on the part of the Lender. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.
Appears in 1 contract
Samples: Security Agreement (Advanced Communication Systems Inc)
Ratification; Power Coupled With An Interest. The Borrower -------------------------------------------- hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof in accordance with the terms of this Agreement, absent gross negligence or willful misconduct on the part of the Lender. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.
Appears in 1 contract
