Representatives of Secured Parties Clause Samples

The 'Representatives of Secured Parties' clause designates an individual or entity to act on behalf of all secured parties under an agreement. This representative is typically authorized to enforce rights, manage collateral, and make decisions related to the security interests, such as instructing the borrower or handling defaults. By centralizing authority, the clause streamlines communication and action among multiple secured parties, reducing administrative complexity and ensuring coordinated enforcement of security interests.
Representatives of Secured Parties. If requested by the Collateral Agent, any Person which shall be designated as the duly authorized representative of one or more Secured Parties to act as such in connection with any matters pertaining to this Agreement or the Collateral, which for such purposes shall include any assets of any Loan Party upon which a Lien is granted pursuant to any other Security Document to secure any Secured Obligations, shall present to the Collateral Agent such documents, including opinions of counsel, as the Collateral Agent may reasonably require, in order to demonstrate to the Collateral Agent the authority of such Person to act as the representative of such Secured Parties.
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Representatives of Secured Parties. If requested by the Collateral Agent, any person (other than the administrative agents under the Credit Agreements) which shall be designated as the duly authorized representative of one or more Secured Parties or the Cyprus Amax Noteholders to act as such in connection with any matters pertaining to this Agreement or the Collateral shall present to the Collateral Agent such documents, including opinions of counsel, as the Collateral Agent may reasonably require, in order to demonstrate to the Collateral Agent the authority of such person to act as the representative of such Secured Parties or Cyprus Amax Noteholders (it being understood that the holders of the Loan Group Document Obligations are represented hereunder by the administrative agent under each of the Credit Agreements, the FCX Noteholders are represented hereunder by the relevant FCX Notes Trustee and the Cyprus Amax Noteholders are represented hereunder by the Cyprus Amax Notes Trustee).
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Representatives of Secured Parties. In acting and making determinations hereunder the Collateral Agent shall be entitled (but shall not be required) to rely on any information or direction given to it by any Person which the Collateral Agent reasonably believes is acting as agent, trustee or other representative for any Agent or other Secured Party (including, in the case of the Lenders, their applicable Agent) and shall incur no liability to any Secured Party or any Affiliate of any thereof for so relying.
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Related to Representatives of Secured Parties

  • Rights of Secured Party Secured Party shall have the rights contained in this Section at all times during the period of time this Agreement is effective.

  • Representatives of the Parties 11.1 The Seller has appointed the following authorised representatives for communication with the Buyer in relation to the subject of performance hereunder: In technical matters: 11.2 The Buyer has appointed the following authorised representatives for communication with the Seller in relation to the subject of performance hereunder: In technical matters:

  • Additional Secured Parties The benefit of the provisions of the Loan Documents directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any Secured Party that is not a Lender or L/C Issuer party hereto, provided that, by accepting such benefits, such Secured Party agrees, as among the Administrative Agent and all other Secured Parties, that such Secured Party is bound by (and, if requested by the Administrative Agent shall confirm such agreement in a writing in form and substance acceptable to the Administrative Agent) this Article VIII, Section 9.3, Section 9.9, Section 9.10, Section 9.11, Section 9.17, Section 9.24 and Section 10.1 (and, solely with respect to L/C Issuers, subsection 1.1(c)) and the decisions and actions of the Administrative Agent and the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders or other parties hereto as required herein) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such Secured Party shall be bound by Section 8.8 only to the extent of Liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of pro rata share or similar concept, (b) the Administrative Agent, the Lenders and the L/C Issuers party hereto shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any such Obligation and (c) except as otherwise set forth herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under any Loan Document.

  • Representatives of the Borrower; Addresses Section 7.01. The Minister of Economy, Finance and Planning of the Borrower is designated as representative of the Borrower for the purposes of Section 11.03 of the General Conditions. Section 7.02. The following addresses are specified for the purposes of Section

  • Acknowledgment of Security Interests Each Loan Party hereby acknowledges that, as of the date hereof, the security interests and Liens granted to Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full force and effect and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents.