Common use of Ratification; Power Coupled With An Interest Clause in Contracts

Ratification; Power Coupled With An Interest. The Credit Parties hereby ratify all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations have been satisfied in full and the Commitments have been terminated.

Appears in 1 contract

Samples: Security Agreement (Applied Analytical Industries Inc)

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Ratification; Power Coupled With An Interest. The Credit Parties -------------------------------------------- hereby ratify all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations have been satisfied in full this Agreement is terminated and the Commitments have been terminatedsecurity interests created hereby are released.

Appears in 1 contract

Samples: Security Agreement (School Specialty Inc)

Ratification; Power Coupled With An Interest. The Credit Parties -------------------------------------------- hereby ratify all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations have been satisfied in full and the Commitments have been terminated.

Appears in 1 contract

Samples: Security Agreement (Centennial Healthcare Corp)

Ratification; Power Coupled With An Interest. The Credit Parties hereby -------------------------------------------- ratify all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations have been satisfied paid in full and the Commitments have been terminated.

Appears in 1 contract

Samples: Security Agreement (Pediatric Services of America Inc)

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Ratification; Power Coupled With An Interest. The Credit Parties hereby ratify all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Secured Obligations have been satisfied in full this Agreement is terminated and the Commitments have been terminatedsecurity interests created hereby are released.

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

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