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

Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxx, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 4 contracts

Samples: Stock Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Burns Donald A)

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Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxxfox, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Total Tel Usa Communications Inc), Stock Pledge Agreement (Gold & Appel Transfer Sa)

Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments assignments, instruments of title or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxxfor, recover, compound, receive xxxeive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 2 contracts

Samples: Pledge Agreement (Covista Communications Inc), Pledge Agreement (Gold & Appel Transfer Sa)

Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the PledgeeTrustee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the PledgeeTrustee's discretion, to execute and deliver any and all bills of sale, assignments or other instruments which the Pledgee Trustee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxxxxx for, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee Trustee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable. The Trustee agrees that, except upon the occurrence of an Event of Default and during the continuance thereof, it will not exercise the power of attorney or any other rights granted to it pursuant to this Section 8.6.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Westpac Custodian Nominees LTD), Stock Pledge Agreement (Westpac Custodian Nominees LTD)

Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments assignments, instruments of title or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxxxxx for, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 2 contracts

Samples: Pledge Agreement (Covista Communications Inc), Pledge Agreement (Burns Donald A)

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Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments assignments, instruments of title or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxx, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 1 contract

Samples: Pledge Agreement (Burns Donald A)

Appointment as Attorney-in-Fact. Each Pledgor hereby irrevocably constitutes and appoints the Pledgee, with full power of substitution, as such Pledgor's attorney-in-fact, with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, from time to time in the Pledgee's discretion, to execute and deliver any and all bills of sale, assignments or other instruments which the Pledgee may deem necessary or advisable in its exercise of any of the remedies hereunder, and to take any other action to accomplish the purposes of this Agreement, including, without limitation, to ask, demand, collect, sue xxxxxx for, recover, compound, receive and give acquittance and receipt for moneys due and to become due under or in connection with the Collateral, to receive, endorse, and collect any drafts or other instruments, documents and chattel paper in connection therewith, and to file any claims or take any action or institute any proceedings which the Pledgee may deem to be necessary or desirable for the collection thereof, such Pledgor hereby ratifying and confirming all that such attorney or any substitute may lawfully do by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

Appears in 1 contract

Samples: Stock Pledge Agreement (Gold & Appel Transfer Sa)

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