Approved Delegate definition
Examples of Approved Delegate in a sentence
In the event that Borrower shall not have joined in the execution of such instruments or agreements with any Approved Delegate within thirty (30) Business Days after the receipt of a written request from Agent to do so, Borrower hereby irrevocably appoints Agent as its agent and attorney to act for it under the foregoing provisions of this Section 13.10 in such contingency, it being understood that the power of attorney granted hereunder is coupled with an interest.
In the event that the Transferor shall not have joined in the execution of such instruments or agreements with any Approved Delegate within ten (10) days after the receipt of a written request from the Agent to do so, or in case an Early Amortization Event shall have occurred and 109 be continuing, the Transferor hereby irrevocably appoints the Agent as its agent and attorney to act for it under the foregoing provisions of this Section 16.14 ------------- in such contingency.
The term "Approved Delegate" shall have the meaning ascribed to such term in Section 13.10(a) hereof.
In the event that Borrower shall not have joined in the execution of such instruments or agreements with any Approved Delegate within thirty (30) Business Days after the receipt of a written request from Agent to do so, Borrower hereby irrevocably appoints Agent as its agent and attorney to act for it under the foregoing provisions of this Section 7.2(m) in such contingency, it being understood that the power of attorney granted hereunder is coupled with an interest.
The Agent and, to the extent required by the Agent, Borrower shall execute and deliver all instruments and agreements reasonably necessary or proper to constitute another bank or trust company, or one or more individuals approved by the Agent (each an "Approved Delegate"), either to act as co-agent or co-agents or trustee of all or any of the Collateral, jointly with the Agent originally named herein or any successor, or to act as separate agent or agents or trustee of any such Collateral.
In the event that Borrower shall not have joined in the execution of such instruments or agreements with any Approved Delegate within thirty (30) Business Days after the receipt of a written request from the Agent to do so, Borrower hereby irrevocably appoints Agent as its agent and attorney to act for it under the foregoing provisions of this Section 13.10 in such contingency, it being understood that the power of attorney granted hereunder is coupled with an interest.