Authority of Grantee. Grantee has full power and authority to execute and deliver this Agreement and to make and accept the borrowings contemplated hereunder, to execute and deliver all documents or instruments executed and delivered, or to be executed and delivered, pursuant to this Agreement, and to perform and observe the terms and provisions of all of the above.
Authority of Grantee. Any tenants or occupants of any part of the Property are hereby authorized to recognize the claims of Grantee hereunder without investigating the reason for any action taken by Grantee, or the validity or the amount of Secured Obligations owing to Grantee, or the existence of any default in the Note or this Deed to Secure Debt, or under or by reason of this assignment of Rents and Leases, or the application to be made by Grantee of any amounts to be paid to Grantee. The sole signature of Grantee shall be sufficient for the exercise of any rights under this assignment and the sole receipt of Grantee for any sums received shall be a full discharge and release therefor to any such tenant or occupant of the Property. Checks for all or any part of the rentals collected under this assignment of Rents and Leases shall be drawn to the exclusive order of Grantee.
Authority of Grantee. Xxxxxxx has full power and authority to execute and deliver this Agreement and to accept the Grant, to execute and deliver the Grant Documents and all other documents or instruments executed and delivered, or to be executed and delivered, pursuant to this Agreement, and to perform and observe the terms and provisions of all of the above.
Authority of Grantee. The Grantor acknowledges that the rights -------------------- and responsibilities of the Grantee under this Security Agreement with respect to any action taken by the Grantee or the exercise or non-exercise by the Grantee of any option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall be governed by the Note Purchase Agreement.
