Examples of POA Agent in a sentence
The Parent shall pay and, within five (5) Business Days of demand, indemnify the Common Security Agent, the POA Agent or the Intercreditor Agent (as applicable) against any cost, loss or liability the Common Security Agent, the POA Agent or the Intercreditor Agent incurs in relation to all stamp duty, registration and other similar Taxes payable in respect of any Debt Document.
In no event shall the Common Security Agent, any Receiver or Delegate or the POA Agent be liable for any loss of profits, goodwill, reputation, business opportunity or anticipated saving, or for special, punitive, indirect or consequential damages, whether or not the Common Security Agent, Receiver, Delegate or POA Agent (as the case may be) has been advised of the possibility of such loss or damages.
The Borrower shall pay to the POA Agent (for its own account) a power-of-attorney agent fee in the amount and at the times agreed in any Fee Letter.
The POA Agent shall not exercise any right under a Power of Attorney until after the delivery of an Enforcement Notice to the Company and to Propco and unless the Common Security Agent has instructed it to do so.
The Security Agent, the Agent and POA Agent each acknowledge and agree that the terms of this Agreement are binding upon each of them (including, but not limited to, those terms governing the enforcement of any Transaction Security Document).
The POA Agent may not exercise any right under the Power of Attorney until after the delivery of an Enforcement Notice to the Company (and only if instructed by the Security Agent to do so).
The Common Security Agent appoints the POA Agent to act as agent of the Common Security Agent under the Power of Attorney.
The Security Agent, the Agent and the POA Agent may each assign and transfer all of their respective rights and obligations under this Agreement to a replacement Security Agent, the Agent and POA Agent (as applicable) appointed in accordance with the terms of the Finance Documents.
The POA Agent shall not exercise any right under a Power of Attorney until after the delivery of an Enforcement Notice to the Borrower and Propco (and only if instructed by the Security Agent to do so).
Have to wonder how this works practically when PR and POA Agent are very often the same person.