Appointment of the Agents. (a) Each Lender appoints and designates PWJ Lending LLC as the "Administrative Agent" and as "Collateral Agent" hereunder and under the Loan Documents. (b) Each Lender authorizes the Agents: (i) To execute those of the Loan Documents and all other instruments relating thereto to which the Agents are a party. (ii) To take such action on behalf of the Lenders and to exercise all such powers as are expressly delegated to the Agents hereunder and in the Loan Documents and all related documents, together with such other powers as are reasonably incidental thereto.
Appears in 2 contracts
Sources: Bridge Term Loan Credit Agreement (Whitehall Jewellers Inc), Intercreditor Agreement (Prentice Capital Management, LP)
Appointment of the Agents. (a) Each Lender appoints and designates PWJ Lending LLC as the "“Administrative Agent" ” and as "“Collateral Agent" ” hereunder and under the Loan Documents.
(b) Each Lender authorizes the Agents:
(i) To execute those of the Loan Documents and all other instruments relating thereto to which the Agents are a party.
(ii) To take such action on behalf of the Lenders and to exercise all such powers as are expressly delegated to the Agents hereunder and in the Loan Documents and all related documents, together with such other powers as are reasonably incidental thereto.
Appears in 1 contract
Sources: Intercreditor and Lien Subordination Agreement (Whitehall Jewellers Inc)