Trustee Powers. Except as otherwise expressly provided in this Agreement and any of the other Loan Documents, in its capacity as trustee under certain of the Security Documents the Administrative Agent shall have: (a) the benefit of all the provisions in this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents; (b) all the powers of an absolute owner of the Lien constituted by such Security Documents; (c) the power of appointing new and/or additional trustees; and (d) all the powers and discretions conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ of the laws of England (to the extent not inconsistent with this Agreement and the other Loan Documents) and on the Administrative Agent by this Agreement and the other Loan Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained in such Security Documents in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determine.
Appears in 2 contracts
Sources: Credit Agreement (DRS Technologies Inc), Credit Agreement (DRS Technologies Inc)
Trustee Powers. Except as otherwise expressly provided in this Agreement and any of the other Loan Documents, in its capacity as trustee under certain of the Security Documents the Administrative Agent shall have:
(a) the benefit of all the provisions in this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents;
(b) all the powers of an absolute owner of the Lien constituted by such Security Documents;
(c) the power of appointing new and/or additional trustees; and
(d) all the powers and discretions conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ Act 1925 of the laws of England (to the extent not inconsistent with this Agreement and the other Loan Documents) and on the Administrative Agent by this Agreement and the other Loan Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained in such Security Documents in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determine.
Appears in 1 contract
Sources: Credit Agreement (Paravant Inc)
Trustee Powers. Except as otherwise expressly provided in this Agreement and any of the other Loan Documents, in its capacity as trustee under certain of the Security Documents the Administrative Agent shall have:
(a) the benefit of all the provisions in this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents;
(b) all the powers of an absolute owner of the Lien constituted by such Security Documents;
(c) the power of appointing new and/or additional trustees; and
(d) all the powers and discretions conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ Act 1925 of the laws of England (to the extent not inconsistent with wit▇ this Agreement and the other Loan Documents) and on the Administrative Agent by this Agreement and the other Loan Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained in such Security Documents in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determine.
Appears in 1 contract
Sources: Credit Agreement (Paravant Inc)
Trustee Powers. Except as otherwise expressly provided in this Agreement and any of the other Loan Documents, in its capacity as trustee under certain of the Security Documents the Administrative Agent shall have:
(a) the benefit of all the provisions in this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents;
(b) all the powers of an absolute owner of the Lien constituted by such Security Documents;
(c) the power of appointing new and/or additional trustees; and
(d) all the powers and discretions conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ of the laws of England (to the extent not inconsistent with this Agreement and the other Loan Documents) and on the Administrative Agent by this Agreement and the other Loan Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained in such Security Documents in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment 69 by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determine.
Appears in 1 contract
Trustee Powers. Except as otherwise expressly provided in this Agreement and any of the other Loan Documents, in its capacity as trustee under certain of the Security Documents the Administrative Agent shall have:
(a) the benefit of all the provisions in this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents;
(b) all the powers of an absolute owner of the Lien constituted by such Security Documents;
(c) the power of appointing new and/or additional trustees; and
(d) all the powers and discretions conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ Act 1925 of the laws of England (to the extent not inconsistent ▇▇▇▇▇▇▇▇tent with this Agreement and the other Loan Documents) and on the Administrative Agent by this Agreement and the other Loan Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained 90 in such Security Documents in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determine.
Appears in 1 contract
Trustee Powers. Except as otherwise expressly provided in this Agreement and in any of the other Loan Other Documents, the Agent, in its limited capacity as trustee under certain of as specifically required pursuant to the Security Documents First Mortgage Debenture and the Administrative Agent Intercreditor Agreement, shall have:
: (ai) the benefit of all the provisions in of this Article XIII and all other agency, indemnification and exculpatory provisions set forth in any other Loan Documents;
XIII; (bii) all the powers of an absolute owner of the Lien constituted by such Security Documents;
security granted pursuant to the First Mortgage Debenture; (ciii) the power of appointing new and/or additional trustees; and
and (div) all of the powers and discretions discretion conferred on trustees by the Trustee ▇▇▇ ▇▇▇▇ of the laws of England (to the extent not inconsistent with this Agreement and the other Loan Other Documents) and on the Administrative Agent by this Agreement and the other Loan Other Documents (including without limitation the power to invest all monies which are received by the Administrative Agent under the trusts contained in such Security Documents the First Mortgage Debenture and the Intercreditor Agreement in its name or under its control in any investment for the time being authorized by United States, English or other applicable law for the investment by trustees of trust money or in any other investments which may be selected by the Administrative Agent). Additionally, the Administrative Agent shall have the power to place such monies on deposit in its name or under its control at such bank or institution (including at the Administrative Agent) and on such terms as the Administrative Agent may determinedeem appropriate.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Measurement Specialties Inc)