Common use of Appointment of attorney and purposes of appointment Clause in Contracts

Appointment of attorney and purposes of appointment. Each Obligor appoints the Bond Trustee and any Administrative Receiver severally to be its attorneys (the "Attorneys") for the following purposes in its name, on its behalf and as its act and deed at any time following the occurrence of a Loan Event of Default (other than in respect of the purpose described below in sub-clause 19.1.5 which applies at any time): 19.1.1 to exercise the rights, powers and discretions of each Obligor, in respect of the relevant Transaction Documents and each contract, agreement, deed and document, present and future, to which each Obligor is or may become a party; 19.1.2 to demand, xxx for and receive all monies due or payable under or in respect of the relevant Transaction Documents and each contract, agreement, deed and document, present and future, to which each Obligor is or may become a party; 19.1.3 to do every act or thing which the Attorneys may deem to be necessary, proper and expedient for fully and effectually vesting, transferring or assigning the Charged Property or any part thereof and/or the estate, right, title, benefit and/or interest therein or thereto of each Obligor in or to the Attorneys and their successors in title or other person or persons entitled to the benefit thereof in the same manner and as fully and effectually in all respects as each Obligor could have done; 19.1.4 upon payment of such monies or any part thereof to give good receipt and discharge for the same and to execute such receipts, releases, discharges, surrenders, instruments and deeds as may be requisite or advisable; and 19.1.5 to execute, deliver and perfect all documents and do all things that the Attorneys may consider to be necessary for (a) carrying out any obligations imposed on each Obligor under this Agreement or (b) exercising any of the rights conferred on the Attorneys by this Agreement or by law including, after any part of the Charged Property has become enforceable, the exercise of any right of a legal or a beneficial owner of the Charged Property.

Appointment of attorney and purposes of appointment. Each Obligor Obligor, by way of security, irrevocably appoints the Bond Borrower Security Trustee and any Administrative Receiver jointly and severally to be its attorneys (the "“Attorneys"”) for the following purposes in its name, on its behalf and as its act and deed at any time following the occurrence of a Loan Event of Default during an Enforcement Period (other than in respect of the purpose described below in sub-clause 19.1.5 Clause 33.1.5, which applies at any time): 19.1.1 33.1.1 to exercise the rights, powers and discretions of each Obligor, Obligor in respect of the relevant Transaction Documents Borrower Finance Document and each contract, agreement, deed and document, document present and future, to which each Obligor is or may become a party; 19.1.2 33.1.2 to demand, xxx sue for and receive all monies due or payable under or in respect of the relevant Transaction Borrower Finance Documents and each contract, agreement, deed and document, present and future, to which each Obligor is or may become a party;deed 19.1.3 33.1.3 to do every act or thing which the Attorneys may deem to be necessary, proper and expedient for fully and effectually vesting, transferring or assigning the Charged Property or any part thereof and/or the estate, right, title, benefit and/or interest therein or thereto of each Obligor in or to the Attorneys and their successors in title or other person or persons entitled to the benefit thereof in the same manner and as fully and effectually in all respects as each Obligor could have done; 19.1.4 33.1.4 upon payment of such monies or any part thereof to give good receipt and discharge for the same and to execute such receipts, releases, discharges, surrenders, instruments and deeds as may be requisite or advisable; and 19.1.5 33.1.5 to execute, deliver and perfect all documents and do all things that the Attorneys may consider to be necessary for for: (ai) carrying out any obligations imposed on each Obligor under this Agreement the Borrower Security Documents; or (bii) exercising any of the rights conferred on the Attorneys by this Agreement the Borrower Security Documents or by law including, after any part of the Charged Property has become enforceable, the exercise of any right of a legal or a beneficial owner of the Charged Property.

Appointment of attorney and purposes of appointment. Each Obligor by way of security, irrevocably appoints the Bond Borrower Security Trustee, (for as long as any amounts are outstanding under the Subordinated Facility Agreement) the Subordinated Security Trustee and any Administrative Receiver appointed by either of them severally to be its attorneys (the "Attorneys") for the following purposes in its name, on its behalf and as its act and deed (in the case of the Borrower Security Trustee and any Receiver appointed by it) at any time following the occurrence delivery of a Loan Event Enforcement Notice and (in the case of Default the Subordinated Security Trustee and any Receiver appointed by it) at any time when the Subordinated Security Trustee is permitted to take Intercreditor Enforcement Action pursuant to the terms of the Senior/Subordinated Intercreditor Agreement (other than than, in both cases, in respect of the purpose described below in sub-clause 19.1.5 Clause 25.1.5, which applies at any time): 19.1.1 25.1.1 to exercise the rights, powers and discretions of each Obligor, in respect of the relevant Transaction Documents and each contract, agreement, deed and document, present and future, to which each Obligor is or may become a party; 19.1.2 25.1.2 to demand, xxx for and receive all monies due or payable under or in respect of the relevant Transaction Documents and each contract, agreement, deed and document, present and future, to which each Obligor is or may become a party; 19.1.3 25.1.3 to do every act or thing which the Attorneys may deem to be necessary, proper and expedient for fully and effectually vesting, transferring or assigning the its Charged Property or any part thereof and/or the estate, right, title, benefit and/or interest therein or thereto of each Obligor in or to the Attorneys and their successors in title or other person or persons entitled to the benefit thereof in the same manner and as fully and effectually in all respects as each Obligor could have done; 19.1.4 25.1.4 upon payment of such monies or any part thereof to give good receipt and discharge for the same and to execute such receipts, releases, discharges, surrenders, instruments and deeds as may be requisite or advisable; and 19.1.5 25.1.5 to execute, deliver and perfect all documents and do all things that the Attorneys may consider to be necessary for (a) carrying out any obligations imposed on each Obligor under this Agreement the Security Documents or (b) exercising any of the rights conferred on the Attorneys by this Agreement the Security Documents or by law including, after any part of the its Charged Property has become enforceable, the exercise of any right of a legal or a beneficial owner of the its Charged Property.