Common use of Authorized Action Clause in Contracts

Authorized Action. Administrative Agent is hereby authorized to file one or more financing or continuation statements, amendments thereto and instruments of pledge, notices and instructions without the signature of or in the name of Debtor when permitted by Applicable Law provided that Administrative Agent shall give reasonably prompt notice of any such filings to Debtor. A carbon, photographic or other reproduction of this Agreement or of any financing statement filed in connection with this Agreement shall be sufficient as a financing statement.

Appears in 3 contracts

Sources: Intellectual Property Security Agreement (Xircom Inc), Intellectual Property Security Agreement (Xircom Inc), Credit Agreement (Doskocil Manufacturing Co Inc)