Common use of Authority to File Notices Clause in Contracts

Authority to File Notices. The Borrower irrevocably appoints, constitutes and designates the Lender its attorney-in-fact to file for record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documents. Such power shall be deemed coupled with an interest and shall be irrevocable while any sum remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformed.

Appears in 3 contracts

Samples: Loan Agreement (Maui Land & Pineapple Co Inc), Loan Agreement (U S Restaurant Properties Inc), Credit Agreement (Cyanotech Corp)

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Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedDocuments.

Appears in 3 contracts

Samples: Loan Agreement (Butler National Corp), Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC), Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Authority to File Notices. The Borrower irrevocably appoints, constitutes and designates the Lender its attorney-in-fact to file for or record any notice of completion or cessation of labor or any other notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the other Loan DocumentsDocument. Such power shall be deemed coupled with an interest and shall be irrevocable while any sum remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformed.

Appears in 3 contracts

Samples: Term Loan Agreement (Cyanotech Corp), Security Agreement (Cyanotech Corp), Loan Agreement (Hoku Scientific Inc)

Authority to File Notices. The Borrower irrevocably appoints, constitutes and designates the authorizes Lender its attorney-in-fact to file for the record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such power This authorization shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Related Loan Documents or any obligation of the Borrower thereunder remains unperformedDocuments.

Appears in 3 contracts

Samples: Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC)

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedRelated Documents.

Appears in 3 contracts

Samples: Construction Loan Agreement (Trex Co Inc), Construction Loan Agreement (Nevstar Gaming & Entertainment Corp), Investment Agreement (Euroweb International Corp)

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for the record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedRelated Documents.

Appears in 2 contracts

Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.), Construction Loan Agreement (Husker Ag Processing LLC)

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for the record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under this Agreement or any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedRelated Documents.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Ballantyne Strong, Inc.), Loan Agreement (Investors Title Co)

Authority to File Notices. The Upon the occurrence of any Event of Default, Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for the record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under this agreement or any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedRelated Documents.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)

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Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the than Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents Related Documents. CAPTION HEADINGS. Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or any obligation define the provisions of the Borrower thereunder remains unperformedthis Agreement.

Appears in 1 contract

Samples: Fafco Inc

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the Lender deems reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformedRelated Documents.

Appears in 1 contract

Samples: Construction Loan Agreement

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under any of the Loan Documents Related Documents. Caption Headings: Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or any obligation define the provisions of the Borrower thereunder remains unperformedthis Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement

Authority to File Notices. The Borrower irrevocably appoints, constitutes and designates appoints Lender as its agent (the Lender its attorney-in-fact agency being coupled with an interest) to file for record any notices of completion, cessation of labor, or any other notice that the Lender reasonably deems necessary or desirable to protect its interest hereunder interests under this Agreement or under any of the Loan Documents. Such power shall be deemed coupled with an interest and shall be irrevocable while any sum remains due and owing under any of the Loan Documents or any obligation of the Borrower thereunder remains unperformed.

Appears in 1 contract

Samples: Construction Loan Agreement (Axys Pharmaceuticals Inc)

Authority to File Notices. The Borrower irrevocably appoints, constitutes appoints and designates the Lender as its attorney-in-fact to file for record any notice that the Lender reasonably Xxxxxx deems necessary or desirable to protect its interest hereunder or under any of the Loan Documentsthis Agreement. Such This power shall be deemed coupled with an interest and shall be irrevocable while any sum or performance remains due and owing under this Agreement or under any of the Loan Related Documents or any obligation of the Borrower thereunder remains unperformedSupport Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Tellium Inc)

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