Authorization of Company. The Subsidiary Borrower hereby authorizes the Company to give on behalf of the Subsidiary Borrower all notices, consents and other communications that may be given by the Subsidiary Borrower under or in connection with this Agreement or any other Loan Document, and to receive on behalf of the Subsidiary Borrower all notices, consents and other communications that may be given to the Subsidiary Borrower under or in connection with this Agreement or any other Loan Document (in each case, irrespective of whether or not such notice, consent or other communication is expressly provided elsewhere in this Agreement to be given or received by the Company on behalf of the Subsidiary Borrower). Such notices, consents and other communications may include Borrowing Requests, notices as to continuations, conversions and prepayments of Loans, issuances, extensions and renewals of Letters of Credit, notices and demands in connection with Defaults, and notices and demands in connection with the exercise by the Administrative Agent or any Lender of remedies. Such notices, consents and other communications may be given by or to the Company in its own name or in the name of the applicable Subsidiary Borrower. The authority given by each Subsidiary Borrower in this Section is coupled with an interest and is irrevocable until all the Commitments have expired or been terminated and all the obligations of the Subsidiary Borrower under this Agreement and the other Loan Documents have been paid in full.
Appears in 2 contracts
Sources: Credit Agreement (Cdi Corp), Credit Agreement (Cdi Corp)
Authorization of Company. The Subsidiary Borrower hereby ------------------------ authorizes the Company to give on behalf of the Subsidiary such Borrower all notices, consents and other communications that may be given by the Subsidiary such Borrower under or in connection with this Agreement or any other Loan Document, and to receive on behalf of the Subsidiary such Borrower all notices, consents and other communications that may be given to the Subsidiary such Borrower under or in connection with this Agreement or any other Loan Document (in each case, irrespective of whether or not such notice, consent or other communication is expressly provided elsewhere in this Agreement to be given or received by the Company on behalf of the Subsidiary such Borrower). Such notices, consents and other communications may include Borrowing Requests, notices as to continuations, conversions and prepayments of Loans, issuances, extensions and renewals of Letters of Credit, notices and demands in connection with DefaultsEvents of Default, and notices and demands in connection with the exercise by the Administrative Agent or any Lender of remedies. Such notices, consents and other communications may be given by or to the Company in its own name or in the name of the applicable Subsidiary Borrower. The authority given by each the Subsidiary Borrower in this Section is coupled with an interest and is irrevocable until all the Commitments of the Lenders have expired or been terminated and all the obligations of the Subsidiary such Borrower under this Agreement and the other Loan Documents have been paid in full.
Appears in 1 contract
Sources: Credit Agreement (Griffon Corp)
Authorization of Company. The Subsidiary Borrower ------------------------ hereby authorizes the Company to give on behalf of the Subsidiary such Borrower all notices, consents and other communications that may be given by the Subsidiary such Borrower under or in connection with this Agreement or any other Loan Document, and to receive on behalf of the Subsidiary such Borrower all notices, consents and other communications that may be given to the Subsidiary such Borrower under or in connection with this Agreement or any other Loan Document (in each case, irrespective of whether or not such notice, consent or other communication is expressly provided elsewhere in this Agreement to be given or received by the Company on behalf of the Subsidiary such Borrower). Such notices, consents and other communications may include Borrowing Requests, notices as to continuations, conversions and prepayments of Loans, issuances, extensions and renewals of Letters of Credit, notices and demands in connection with DefaultsEvents of Default, and notices and demands in connection with the exercise by the Administrative Agent or any Lender of remedies. Such notices, consents and other communications may be given by or to the Company in its own name or in the name of the applicable Subsidiary Borrower. The authority given by each the Subsidiary Borrower in this Section is coupled with an interest and is irrevocable until all the Commitments of the Lenders have expired or been terminated and all the obligations of the Subsidiary such Borrower under this Agreement and the other Loan Documents have been paid in full.
Appears in 1 contract
Sources: Credit Agreement (Griffon Corp)