Common use of Appointment as Attorney-in-Fact Clause in Contracts

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 2 contracts

Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)

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Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after following the occurrence, and during the continuance, occurrence of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 2 contracts

Samples: Loan and Security Agreement (Bakers Footwear Group Inc), Loan and Security Agreement (Harrys Farmers Market Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, occurrence and during the continuance, continuance of an any Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Term Loan and Security Agreement (Sun Television & Appliances Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender Lender, effective upon the occurrence of any Event of Default, as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Factory Card Outlet Corp

Appointment as Attorney-in-Fact. The Each Borrower hereby irrevocably constitutes and appoints the Lender as the such Borrower’s true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s true and lawful attorney, with full power of substitution, exercisable only after following the occurrence, and during the continuance, occurrence of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender (acting through any officer of the Lender) as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after following the occurrence, and during the continuance, occurrence of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Agreement (Golf Galaxy, Inc.)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Agreement (Crown Books Corp)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. Such appointment shall become effective and shall remain in effect upon the occurrence and continuance of a Suspension Event or an Event of Default. The rights and powers granted the Lender by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Harvey Electronics Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender Bank, exercisable upon the occurrence (and during the continuance) of any Event of Default, as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the LenderBank. The rights and powers granted the Lender Bank by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

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Appointment as Attorney-in-Fact. The Each Borrower hereby irrevocably constitutes and appoints the Lender (acting through any officer of the Lender) as the such Borrower’s true and lawful attorney, with full power of substitution, exercisable only after following the occurrence, and during the continuance, occurrence of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the such Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Dreams Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender (acting through any officer of the Lender) as the Borrower’s true and lawful attorney, with full power of substitution, exercisable only after following the occurrence, occurrence and during the continuance, continuance of an Event of Default, to convert the Collateral into cash in a commercially reasonable manner at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted to the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Redenvelope Inc)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment shall be exercisable by the Lender only after the occurrence of an Event of Default and include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably ------------------------------- constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan and Security Agreement (National Home Centers Inc)

Appointment as Attorney-in-Fact. The Each Borrower hereby irrevocably constitutes and appoints the Lender Bank as the such Borrower’s true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the such Borrower, but for the sole benefit of the LenderBank during the existence of an Event of Default. The rights and powers granted the Lender Bank by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan Agreement (Techprecision Corp)

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably ------------------------------- constitutes and appoints the Lender as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the Lender. The rights and powers granted the Lender by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Number Nine Visual Technology Corp

Appointment as Attorney-in-Fact. The Borrower hereby irrevocably constitutes and appoints the Lender Bank as the Borrower’s 's true and lawful attorney, with full power of substitution, exercisable only after the occurrence, and during the continuance, of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of the Borrower, but for the sole benefit of the LenderBank during the existence of an Event of Default. The rights and powers granted the Lender Bank by this the within appointment include but are not limited to the right and power to:

Appears in 1 contract

Samples: Loan Agreement (Techprecision Corp)

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