Common use of Secured Party as Agent Clause in Contracts

Secured Party as Agent. Secured Party has been appointed to act as Secured Party hereunder by Lenders. Secured Party shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in accordance with this Agreement and the Credit Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Dominicks Supermarkets Inc), Credit Agreement (FWT Inc), Partnership Interest Security Agreement (Players International Inc /Nv/)

Secured Party as Agent. (a) Secured Party has been appointed to act as Secured Party hereunder by Lenders. Secured Party shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in accordance with this Agreement and the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (FWT Inc)

Secured Party as Agent. Secured Party has been appointed to act as Secured Party Administrative Agent hereunder by Lenders. Secured Party the Lenders and Grantor and all other Persons shall be obligatedentitled to rely on releases, waivers, consents, approvals, notifications and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (includingother acts of Secured Party, without limitation, inquiry into the release existence of required consents or substitution approvals of Collateral), solely in accordance with this Agreement and the Credit AgreementLenders therefor.

Appears in 1 contract

Sources: Term Loan Agreement (GPAQ Acquisition Holdings, Inc.)

Secured Party as Agent. Secured Party has been appointed to act as Secured Party hereunder by Lenders. Secured Party shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in accordance with this Agreement and the Credit Agreement; provided that Secured Party shall exercise, or refrain from exercising, any remedies provided for in Sections 14 and 15 hereof in accordance with the instructions of the Lenders.

Appears in 1 contract

Sources: Security Agreement (Talbots Inc)

Secured Party as Agent. Secured Party has been appointed to act as Secured Party hereunder by LendersLenders and, by their acceptance of the benefits hereof, Interest Rate Exchangers. Secured Party shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, including the release or substitution of Collateral), solely in accordance with this Agreement and the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Bell Industries Inc)