The Agent May Perform Sample Clauses
The "Agent May Perform" clause authorizes the agent to carry out certain actions or fulfill specific obligations on behalf of another party, typically the principal. In practice, this clause outlines the scope of the agent's authority, detailing which tasks or responsibilities the agent is permitted to undertake, such as making decisions, signing documents, or managing transactions. Its core function is to clearly define the agent's powers, ensuring both parties understand the extent of the agent's role and reducing the risk of disputes over unauthorized actions.
The Agent May Perform. If the Pledgor fails to perform any agreement contained herein, after notice to the Pledgor, the Agent may itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Pledgor under Section 13 hereof.
The Agent May Perform. If the Borrower fails to perform any agreement contained in this Agreement, the Agent may itself perform (but shall not be obligated to perform), or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Borrower under Section 11.06.
The Agent May Perform. If the Grantor fails to perform any agreement contained herein, in the Guarantees, in the Credit Agreements or in the Note Agreements, the Agent may, upon three days' prior notice to the Grantor, perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 22.
The Agent May Perform. If a Pledgor fails to perform any agreement contained herein, the Agent may, but without any obligation to do so, itself perform, or cause performance of, such agreement.
The Agent May Perform. The Borrower hereby appoints any officer, general partner or agent of the Agent as the Borrower's true and lawful attorney-in-fact with full authority in the place and stead of the Borrower and in the name of the Agent or otherwise, from time to time in the Agent's discretion, to take any action and to execute any agreements, documents and instruments which the Agent may deem necessary or advisable to accomplish the purpose of this Pledge Agreement. The powers conferred on the Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. All authorization and agencies herein contained with respect to the Collateral are irrevocable and powers coupled with an interest.
The Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Agent may itself perform, or cause performance of, such agreement after reasonable notice to the Grantor to the extent practicable, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 11.
The Agent May Perform. If Pledgor fails to perform within the prescribed time period any agreement of Pledgor contained herein, or if no time period is prescribed, within three days of request therefor, then after notice to Pledgor, the Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Agent incurred in connection therewith shall be payable by Pledgor under Section 13 hereof.
The Agent May Perform. The Borrower hereby appoints any officer, general partner or agent of the Collateral Agent and/or the Noteholders as the Borrower's true and lawful attorney-in-fact with full authority in the place and stead of the Borrower and in the name of the Collateral Agent or the Noteholders (as the case may be) or otherwise, from time to time in the Collateral Agent's or the Majority Holders' discretion, to take any action and to execute any agreements, documents and instruments which the Collateral Agent or the Majority Holders may deem necessary or advisable to accomplish the purpose of this Pledge Agreement. The powers conferred on the Collateral Agent or the Noteholders (as the case may be) hereunder are solely to protect the Noteholders' interest in the Collateral and shall not impose any duty upon the Collateral Agent or the Noteholders to exercise any such powers. All authorization and agencies herein contained with respect to the Collateral are irrevocable and powers coupled with an interest.
The Agent May Perform. If the Guarantor fails to perform any agreement contained herein, the Agent may, without notice to the Guarantor, itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Guarantor.
The Agent May Perform. If Loan Parties fail to perform any obligation under the Loan Agreement or under or in respect of any Collateral or any representation of the Loan Parties contained in the Loan Agreement or in any document included in the Collateral shall be untrue or incorrect in any material respect, the Agent may, but shall be under no obligation to, perform the obligation or remedy that breach, or cause it to be performed or remedied, and the expenses incurred by or on behalf of the Agent in connection with the performance of the obligation or the remedy of the breach shall constitute Liabilities hereunder.