Common use of The Administrative Agent May File Proofs of Claim Clause in Contracts

The Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to an Obligor, the Administrative Agent (irrespective of whether the principal of any Advance, Canadian Advance, Sterling Advance, L/C Obligation, Canadian L/C Obligation or Sterling L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on such Obligor) shall be entitled and empowered, by intervention in such proceeding or otherwise: (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Advances, Canadian Advances, Sterling Advances, L/C Obligations, Canadian L/C Obligations, Sterling L/C Obligations and all other indebtedness and liabilities that are owing by such Obligor under the Loan Documents and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Banks, the Canadian Banks, the UK Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Banks, the Canadian Banks, the UK Banks and any Agent and their respective agents and counsel and all other amounts due the Banks, the Canadian Banks, the UK Banks and any Agent under Section 2.3, Section 2.9(i) and (j), and Section 2A.7(i) and (j)) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Bank, each Canadian Bank and each UK Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Banks, the Canadian Banks or the UK Banks, as the case may be, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.3 and 8.4(a). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Total Facility Bank any plan of reorganization, arrangement, adjustment or composition affecting the outstanding Advances, L/C Obligations, Canadian Advances, Canadian L/C Obligations, Sterling Advances, Sterling L/C Obligations or other indebtedness or liabilities of an Obligor under the Loan Documents, or the rights of any Total Facility Bank or to authorize the Administrative Agent to vote in respect of the claim of any Total Facility Bank in any such proceeding.

The Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to an Obligor, the Administrative Agent (irrespective of whether the principal of any Advance, Canadian Advance, Sterling Advance, L/C Obligation, Canadian L/C Obligation or Sterling L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on such Obligor) shall be entitled and empowered, by intervention in such proceeding or otherwise: (a) . to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Advances, Canadian Advances, Sterling Advances, L/C Obligations, Canadian L/C Obligations, Sterling L/C Obligations and all other indebtedness and liabilities that are owing by such Obligor under the Loan Documents and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Banks, the Canadian Banks, the UK Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Banks, the Canadian Banks, the UK Banks and any Agent and their respective agents and counsel and all other amounts due the Banks, the Canadian Banks, the UK Banks and any Agent under Section 2.3, Section 2.9(i) and (j), and Section 2A.7(i) and (j)) allowed in such judicial proceeding; and (b) and to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Bank, each Canadian Bank and each UK Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Banks, the Canadian Banks or the UK Banks, as the case may be, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.3 and 8.4(a). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Total Facility Bank any plan of reorganization, arrangement, adjustment or composition affecting the outstanding Advances, L/C Obligations, Canadian Advances, Canadian L/C Obligations, Sterling Advances, Sterling L/C Obligations or other indebtedness or liabilities of an Obligor under the Loan Documents, or the rights of any Total Facility Bank or to authorize the Administrative Agent to vote in respect of the claim of any Total Facility Bank in any such proceeding.

The Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to an Obligor, the Administrative Agent (irrespective of whether the principal of any Advance, Canadian Advance, Sterling Advance, L/C Obligation, Canadian L/C Obligation or Sterling L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on such Obligor) shall be entitled and empowered, by intervention in such proceeding or otherwise:. (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Advances, Canadian Advances, Sterling Advances, L/C Obligations, Canadian L/C Obligations, Sterling L/C Obligations and all other indebtedness and liabilities that are owing by such Obligor under the Loan Documents and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Banks, the Canadian Banks, the UK Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Banks, the Canadian Banks, the UK Banks and any Agent and their respective agents and counsel and all other amounts due the Banks, the Canadian Banks, the UK Banks and any Agent under Section 2.3, Section 2.9(i) and (j), and Section 2A.7(i) and (j)) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Bank, each Canadian Bank and each UK Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Banks, the Canadian Banks or the UK Banks, as the case may be, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.3 and 8.4(a). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Total Facility Bank any plan of reorganization, arrangement, adjustment or composition affecting the outstanding Advances, L/C Obligations, Canadian Advances, Canadian L/C Obligations, Sterling Advances, Sterling L/C Obligations or other indebtedness or liabilities of an Obligor under the Loan Documents, or the rights of any Total Facility Bank or to authorize the Administrative Agent to vote in respect of the claim of any Total Facility Bank in any such proceeding.