Common use of The Agent Appointed Attorney-in-Fact Clause in Contracts

The Agent Appointed Attorney-in-Fact. The Pledgor hereby appoints the Agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Agent's reasonable discretion to take any action and to execute any instrument which the Agent may reasonably deem necessary or advisable to accomplish the purposes of the Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them representing any payment, dividend, or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreement, the Agent shall act solely for itself and as the agent of the Lenders and the Agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgor.

Appears in 2 contracts

Samples: Credit Agreement (Wackenhut Corrections Corp), Lc Account Agreement (Wackenhut Corp)

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The Agent Appointed Attorney-in-Fact. The Pledgor hereby appoints the Agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time during the continuance of an Event of Default in the Agent's reasonable discretion to take any action and to execute any instrument which the Agent may reasonably deem necessary or advisable to accomplish the purposes of the this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them representing any payment, dividend, or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreement, the Agent shall act solely for itself and as the agent of the Lenders and the Agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgor.

Appears in 1 contract

Samples: Credit Agreement (Saks Inc)

The Agent Appointed Attorney-in-Fact. The Pledgor hereby appoints the Agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Agent's reasonable discretion to take any action and to execute any instrument which the Agent may reasonably deem necessary or advisable to accomplish the purposes of the Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them representing any payment, dividend, or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreement, the Agent shall act solely for itself and as the agent of the Lenders and the Agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgor.

Appears in 1 contract

Samples: Account Agreement (Vitas Healthcare Corp)

The Agent Appointed Attorney-in-Fact. The Pledgor pledgor hereby appoints the Agent agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor pledgor and in the name of the Pledgor pledgor or otherwise, from time to time in the Agentagent's reasonable discretion to take any action and to execute any instrument which the Agent agent may reasonably deem necessary or advisable to accomplish the purposes of the Agreementthis agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them pledgor representing any payment, dividend, or other distribution in respect of the Collateral collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreementagreement, the Agent agent shall act solely for itself and as the agent of the Lenders lenders and the Agent agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgorpledgor.

Appears in 1 contract

Samples: Lc Account Agreement (Proffitts Inc)

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The Agent Appointed Attorney-in-Fact. The Pledgor hereby appoints the Agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Agent's reasonable discretion to take any action and to execute any instrument which the Agent may reasonably deem necessary or advisable to accomplish the purposes of the this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them representing any payment, dividend, or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreement, the Agent shall act solely for itself and as the agent of the Lenders and Issuing Banks, and the Agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgor.

Appears in 1 contract

Samples: Lc Account Agreement (Wackenhut Corp)

The Agent Appointed Attorney-in-Fact. The Pledgor hereby appoints the Agent as its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Agent's reasonable discretion to take any action and to execute any instrument which the Agent may reasonably deem necessary or advisable to accomplish the purposes of the Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor or either of them representing any payment, dividend, or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. In performing its functions and duties under this Agreement, the Agent shall 151 act solely for itself and as the agent of the Lenders and the Agent has not assumed nor shall be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Pledgor.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

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