Common use of Appointment of Attorney Clause in Contracts

Appointment of Attorney. The Obligor hereby irrevocably constitutes and appoints the Security Agent (and any officer of the Security Agent) the true and lawful attorney of the Obligor. As the attorney of the Obligor, the Security Agent has the power to exercise for and in the name of the Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Agent, its nominees or transferees, and the Security Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Security Agent to delegate in writing to another Person any power and authority of the Security Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor hereby irrevocably constitutes and appoints the Security Collateral Agent (and any officer of the Security Collateral Agent) the true and lawful attorney of the Obligor. As the attorney of the Obligor, the Security Collateral Agent has the power to exercise for and in the name of the Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Collateral Agent, its nominees or transferees, and the Security Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Security Collateral Agent to delegate in writing to another Person any power and authority of the Security Collateral Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Collateral Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor hereby irrevocably constitutes and appoints the Security Agent Holder (and any officer of the Security AgentHolder) the true and lawful attorney of the Obligor. As the attorney of the Obligor, the Security Agent Holder has the power power, upon this Debenture becoming enforceable, to exercise for and in the name of the Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s right (including the right of disposal), title and interest in and to the Collateral Charged Premises including the execution, endorsement, delivery and transfer of the Collateral Charged Premises to the Security AgentHolder, its nominees or transferees, and upon this Debenture becoming enforceable, the Security Agent Holder and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral Charged Premises to the same extent as the Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Security Agent Holder to delegate in writing to another Person any power and authority of the Security Agent Holder under this power of attorney as may be necessary or desirable in the opinion of the Security AgentHolder, and to revoke or suspend such delegation.

Appointment of Attorney. The Each Obligor hereby irrevocably constitutes and appoints the Security Collateral Agent (and any officer of the Security Collateral Agent) the as its true and lawful attorney of the Obligorattorney. As the attorney of the each Obligor, the Security Collateral Agent has the power to exercise for and in the name of the such Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the such Obligor’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Collateral Agent, its nominees or transferees, and the Security Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the such Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the any Obligor. This power of attorney extends to and is binding upon the each Obligor’s successors and permitted assigns. The Each Obligor authorizes the Security Collateral Agent to delegate in writing to another Person any power and authority of the Security Collateral Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Collateral Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor Obligors hereby irrevocably constitutes constitute and appoints appoint the Security Collateral Agent (and any officer of the Security Collateral Agent) the true and lawful attorney of the ObligorObligors. As the attorney of the ObligorObligors, the Security Collateral Agent has the power to exercise for and in the name of the Obligor with full power of substitutionObligors, upon the occurrence and during the continuance continuation of an Event of Default, with full power of substitution, any of the Obligor’s Obligors’ right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Collateral Agent, its nominees or transferees, and the Security Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor Obligors might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of any of the ObligorObligors. This power of attorney extends to and is binding upon each of the Obligor’s Obligors’ successors and permitted assigns. The Obligor authorizes Obligors authorize the Security Collateral Agent to delegate in writing to another Person any power and authority of the Security Collateral Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Collateral Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor Pledgor hereby irrevocably constitutes and appoints the Security Agent Lender (and any officer of the Security AgentLender) the true and lawful attorney of the ObligorPledgor. As the attorney of the ObligorPledgor, the Security Agent Lender has the power to exercise for and in the name of the Obligor Pledgor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the ObligorPledgor’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security AgentLender, its nominees or transferees, and the Security Agent Lender and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor Pledgor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the ObligorPledgor. This power of attorney extends to and is binding upon the ObligorPledgor’s successors and permitted assigns. The Obligor authorizes the Security Agent to delegate in writing to another Person any power and authority of the Security Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor Each of the Obligors hereby irrevocably constitutes and appoints the Security Collateral Agent (and any officer of the Security Collateral Agent) the true and lawful attorney of the ObligorObligors. As the attorney of each of the ObligorObligors, the Security Collateral Agent has the power to exercise for and in the name of the Obligor with full power of substitutionObligors, upon the occurrence and during the continuance continuation of an Event of Default, with full power of substitution, any of the Obligor’s Obligors’ right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Collateral Agent, its nominees or transferees, and the Security Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor Obligors might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of any of the ObligorObligors. This power of attorney extends to and is binding upon each of the Obligor’s Obligors’ successors and permitted assigns. The Obligor Each of the Obligors authorizes the Security Collateral Agent to delegate in writing to another Person any power and authority of the Security Collateral Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Collateral Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor hereby irrevocably constitutes and appoints the Security Agent Secured Creditor (and any officer of the Security AgentSecured Creditor) the true and lawful attorney of the Obligor. As the attorney of the Obligor, the Security Agent Secured Creditor has the power to exercise for and in the name of the Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s 's right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security AgentSecured Creditor, its nominees or transferees, and the Security Agent Secured Creditor and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Security Agent Secured Creditor to delegate in writing to another Person any power and authority of the Security Agent Secured Creditor under this power of attorney as may be necessary or desirable in the reasonable opinion of the Security AgentSecured Creditor, and to revoke or suspend such delegation. For certainty, the Secured Creditor can not exercise any rights under this power of attorney unless an Event of Default has occurred and is continuing.

Appointment of Attorney. The Obligor hereby irrevocably constitutes and appoints the Security Collateral Agent (and any officer of the Security Agentthereof) the true and lawful as attorney of the Obligor. As the attorney of the Obligor, the Security Agent has the power to exercise for and in the name of the Obligor (with full power of substitution) to exercise in the name of and on behalf of the Obligor, upon after the occurrence and during the continuance of an Event of DefaultSecurity Interest shall have become enforceable, any of the Obligor’s 's right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security Collateral Agent, its nominees or transferees, and the Security Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor might do. This The power of attorney herein granted is irrevocablein addition to, is and not in substitution for, any stock power of attorney delivered by the Obligor and such power of attorney may be relied upon by the Collateral Agent severally or in combination. All acts of any such attorney are ratified and approved, and the attorney shall not be liable for any act, failure to act or any other matter or thing in connection therewith, except for its own gross negligence or wilful misconduct. This appointment and power of substitution, being coupled with an interest, has been given for valuable consideration (the receipt are irrevocable and adequacy of which is acknowledged) and survives, and does shall not terminate upon, upon the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Security Agent to delegate in writing to another Person any power and authority of the Security Agent under this power of attorney as may be necessary or desirable in the opinion of the Security Agent, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor Borrower hereby irrevocably constitutes and appoints the Security Agent Lender (and any officer of the Security AgentLender) the true and lawful attorney of the ObligorBorrower. As the attorney of the ObligorBorrower, the Security Agent Lender has the power to exercise for and in the name of the Obligor Borrower with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the ObligorBorrower’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security AgentLender, its nominees or transferees, and the Security Agent Lender and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor Borrower might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the ObligorBorrower. This power of attorney extends to and is binding upon the ObligorBorrower’s successors and permitted assigns. The Obligor Borrower authorizes the Security Agent Lender to delegate in writing to another Person any power and authority of the Security Agent Lender under this power of attorney as may be necessary or desirable in the opinion of the Security AgentLender, and to revoke or suspend such delegation.

Appointment of Attorney. The Obligor Guarantor hereby irrevocably constitutes and appoints the Security Agent Secured Creditor (and any officer of the Security AgentSecured Creditor) the true and lawful attorney of the ObligorGuarantor. As the attorney of the ObligorGuarantor, the Security Agent Secured Creditor has the power to exercise for and in the name of the Obligor Guarantor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s Guarantor's right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Security AgentSecured Creditor, its nominees or transferees, and the Security Agent Secured Creditor and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor Guarantor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the ObligorGuarantor. This power of attorney extends to and is binding upon the ObligorGuarantor’s successors and permitted assigns. The Obligor Guarantor authorizes the Security Agent Secured Creditor to delegate in writing to another Person any power and authority of the Security Agent Secured Creditor under this power of attorney as may be necessary or desirable in the opinion of the Security AgentSecured Creditor, and to revoke or suspend such delegation.