Appointment of the Security Agent. (a) Each Secured Party irrevocably appoints the Security Agent to act as its agent under and in connection with the security created under the Transaction Security Documents. (b) Each Secured Party irrevocably authorises the Security Agent to: (i) perform the duties and to exercise the rights, powers, authorities and discretions that are specifically given to it under or in connection with the Transaction Security Documents, together with any other incidental rights, powers, authorities and discretions; and (ii) enter into and deliver each Transaction Security Document expressed to be entered into by the Security Agent.
Appears in 4 contracts
Sources: Term Loan Facility Agreement (GDS Holdings LTD), Term Loan Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)
Appointment of the Security Agent. (a) 25.1.1 Each of the Secured Party irrevocably Parties party to this Agreement appoints the Security Agent to act as its agent under and in connection with the security created under the Transaction Security Finance Documents.
(b) 25.1.2 Each of the Secured Party irrevocably Parties party to this Agreement authorises the Security Agent to:
(i) perform the duties and to exercise the rights, powers, authorities and discretions that are specifically given to it the Security Agent under or in connection with the Transaction Security Documents, Finance Documents together with any other incidental rights, powers, authorities and discretions; and
(ii) enter into and deliver each Transaction Security Document expressed to be entered into by the Security Agent.
Appears in 1 contract
Sources: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)
Appointment of the Security Agent. (a) Each Secured Party irrevocably appoints the Security Agent to act as its agent under and in connection with the security created under the Transaction Security Documents.
(b) Each Secured Party irrevocably authorises the Security Agent to:
(i) perform the duties and to exercise the rights, powers, authorities and discretions that are specifically given to it under or in connection with the Transaction Security Documents, together with any other incidental rights, powers, authorities and discretions; and
(ii) enter into and deliver each Transaction Security Document expressed to be entered into by the Security Agent.
Appears in 1 contract