Common use of APPOINTMENT OF LENDER AS ATTORNEY Clause in Contracts

APPOINTMENT OF LENDER AS ATTORNEY. 14.1 To enable the lender to obtain the benefits under this agreement, you (and if more than one of you, each of you jointly and severally) irrevocably appoints the lender and any one director of the lender severally to be your attorney to: • do anything which you agree to do; • do anything and to sign any document which the attorney thinks desirable to protect the interests of the lender under this agreement. 14.2 This power shall inure until the money has been paid to the lender in full. 14.3 By signing this agreement you ratify anything done by an attorney under this clause and further indemnify any person acting in reliance upon the power. 14.4 If the lender assigns the benefit of this agreement the assignee shall have the same rights and powers under this clause as does the lender and each person named as a Borrower irrevocably appoints the assignee his attorney accordingly.

APPOINTMENT OF LENDER AS ATTORNEY. 14.1 To enable the lender to obtain the benefits under this agreement, you (and if more than one of you, each of you jointly and severally) irrevocably appoints the lender and any one director of the lender severally to be your attorney to: •  do anything which you agree to do; •  do anything and to sign any document which the attorney thinks desirable to protect the interests of the lender under this agreement. 14.2 This power shall inure until the money has been paid to the lender in full. 14.3 By signing this agreement you ratify anything done by an attorney under this clause and further indemnify any person acting in reliance upon the power. 14.4 If the lender assigns the benefit of this agreement the assignee shall have the same rights and powers under this clause as does the lender and each person named as a Borrower irrevocably appoints the assignee his attorney accordingly.