Common use of Authorization to Execute Other Loan Documents Clause in Contracts

Authorization to Execute Other Loan Documents. (a) Each Lender and Issuing Bank hereby authorizes the Administrative Agent and the Collateral Agent to execute on behalf of such Lender or Issuing Bank, as applicable, all Loan Documents (including, without limitation, the Collateral Documents, the Collateral Agency and Intercreditor Agreement and any intercreditor or subordination agreements) other than this Agreement. (b) The Collateral Agent may, without any further consent of any Lender, enter into the Collateral Agency and Intercreditor Agreement or Junior Lien Intercreditor Agreement with the collateral agent or other representatives of the holders of Indebtedness permitted under Section 7.3 that is intended to be secured on a pari passu or junior basis to the Liens securing the Obligations, in each case, where such Indebtedness is secured by Liens permitted under Section 7.1. The Collateral Agent may rely exclusively on a certificate of a Responsible Officer of the Borrower as to whether any such other Liens are permitted hereunder. Any supplement or amendment to, or amendment and restatement or replacement of the Collateral Agency and Intercreditor Agreement or Junior Lien Intercreditor Agreement entered into by the Collateral Agency in accordance with the terms of this Agreement shall be binding on the Secured Parties.