Common use of Delegation by the Security Agent Clause in Contracts

Delegation by the Security Agent. Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such.

Appears in 21 contracts

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.), Term Loan Facility Agreement (Icon Energy Corp), Facility Agreement (Navios Maritime Partners L.P.)

Delegation by the Security Agent. (a) Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such. (b) That delegation may be made upon any terms and conditions (including the power to sub-delegate) and subject to any restrictions that the Security Agent, that Receiver or that Delegate (as the case may be) may, in its discretion, think fit in the interests of the Secured Parties.

Appears in 1 contract

Sources: Intercreditor Agreement

Delegation by the Security Agent. 7.23.1 Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as suchSecurity Agent, Receiver or Delegate. 7.23.2 That delegation may be made upon any terms and conditions (including the power to sub-delegate) and subject to any restrictions that the Security Agent, that Receiver or that rlia.

Appears in 1 contract

Sources: Investment Agency Agreement (Brooge Holdings LTD)

Delegation by the Security Agent. Each of the The Security Agent, any Receiver and any Delegate Agent may, at any time, delegate by power of attorney or otherwise to any person that the Security Agent determines in its sole discretion is reasonably reputable for any period, all or any right, power, authority or discretion vested in it in its capacity as such.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Atlas Investissement)

Delegation by the Security Agent. Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as suchSecurity Agent, Receiver or Delegate.

Appears in 1 contract

Sources: Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)

Delegation by the Security Agent. (a) Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (CMB.TECH Nv)

Delegation by the Security Agent. Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any rightrights, powerpowers, authority authorities or discretion discretions vested in it in its capacity as such.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (IHS Holding LTD)

Delegation by the Security Agent. 27.22.1 Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such. 27.22.2 That delegation may be made upon any terms and conditions (including the power to sub-delegate) and subject to any restrictions that the Security Agent, that Receiver or that Delegate (as the case may be) may, in its discretion, think fit in the interests of the Secured Parties.

Appears in 1 contract

Sources: Facility Agreement (Powerfleet, Inc.)

Delegation by the Security Agent. (a) Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such. (b) That delegation may be made upon any terms and conditions (including the power to sub delegate) and subject to any restrictions that the Security Agent, that Receiver or that Delegate (as the case may be) may, in its discretion, think fit in the interests of the Secured Parties.

Appears in 1 contract

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.)

Delegation by the Security Agent. Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any rightrights, powerpowers, authority authorities or discretion discretions vested in it in its capacity as such.. ​ ​ ​

Appears in 1 contract

Sources: Facility Agreement (IHS Holding LTD)

Delegation by the Security Agent. 10.23.1 Each of the Security Agent, any Receiver and any Delegate may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such. 10.23.2 That delegation may be made upon any terms and conditions (including the power to sub- delegate) and subject to any restrictions that the Security Agent, that Receiver or that Delegate (as the case may be) may, in its discretion, think fit in the interests of the Secured Parties.

Appears in 1 contract

Sources: Common Terms Agreement (Brooge Holdings LTD)