Common use of Appointment of Security Agent Clause in Contracts

Appointment of Security Agent. Royal Capital Management Corp., is hereby appointed by the Lenders as security agent for the purposes of this Agreement and the other Loan Documents, and Royal Capital Management Corp. hereby accepts such appointment upon the terms and conditions hereof and acknowledges that it is a Canadian Resident.

Appointment of Security Agent. Royal Capital Management Corp., is hereby appointed by the Lenders as security agent (in such capacity the "Security Agent") for the purposes of this Agreement and the other Loan Documents, and Royal Capital Management Corp. hereby accepts such appointment upon the terms and conditions hereof and acknowledges that it is a Canadian Residenthereof.