Common use of Authorization for Secured Party to Take Certain Action Clause in Contracts

Authorization for Secured Party to Take Certain Action. Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (a) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (b) to indorse and collect any cash proceeds of the Collateral, (c) to file a copy of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (d) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (e) subject to the terms of Section 2.2, to enforce payment of the Receivables in the name of Secured Party or Debtor, (f) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII and (g) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. The Debtor irrevocably authorizes Secured Party the Agent at any time and from time to time in the sole discretion of Secured Party the Agent and appoints Secured Party the Agent as its attorney in fact (ai) to execute on behalf of the Debtor as debtor and to file financing statements necessary or desirable in the Secured Party’s Agent's sole discretion to perfect and to maintain the perfection and priority of Secured Party’s the Agent's security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as Secured Party the Agent in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s the Agent's security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party the Agent Control over such Securities or other Investment Property, (ev) subject to the terms of Section 2.24.1.5, from and after the occurrence and during the continuance of a Default, to enforce payment of the Receivables in the name of Secured Party the Agent or the Debtor, (fvi) to apply the proceeds of any Collateral received by Secured Party the Agent to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and the Debtor agrees to reimburse Secured Party the Agent on demand for any payment made or any expense incurred by Secured Party the Agent in connection therewith, provided that this authorization shall not relieve the Debtor of any of its obligations under this Security Agreement or under the Loan Credit Agreement.

Authorization for Secured Party to Take Certain Action. Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (ai) to execute on behalf of Debtor as debtor and to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (ev) subject to after the terms occurrence and during the continuance of Section 2.2an Event of Default, to enforce payment of the Receivables in the name of Secured Party or Debtor, (fvi) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Each Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (ai) to execute on behalf of such Debtor as debtor and to file financing statements necessary or desirable in the Secured Party’s 's sole discretion to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (bii) to to, after the occurrence and during the continuance of an Event of Default, indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (ev) subject to the terms of Section 2.24.1.4, to enforce payment of the Receivables in the name of Secured Party or such Debtor, (fvi) to to, after the occurrence and during the continuance of an Event of Default, apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and such Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve any Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Debtor Borrower irrevocably authorizes Secured Party Lender at any time and from time to time in the sole discretion of Secured Party Lender and appoints Secured Party Lender as its attorney in fact (ai) to file financing statements necessary or desirable in the Secured PartyLender’s sole discretion to perfect and to maintain the perfection and priority of Secured PartyLender’s security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as Secured Party Lender in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured PartyLender’s security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Lender Control over such Securities or other Investment Property, (ev) subject to the terms of Section 2.24.1.5, to enforce payment of the Receivables in the name of Secured Party Lender or DebtorBorrower, (fvi) to apply the proceeds of any Collateral received by Secured Party Lender to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor Borrower agrees to reimburse Secured Party Lender on demand for any payment made or any expense incurred by Secured Party Lender in connection therewith, provided that this authorization shall not relieve Debtor Borrower of any of its obligations under this Security Agreement or under the Loan Credit Agreement.

Authorization for Secured Party to Take Certain Action. Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (a) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (b) to indorse and collect any cash proceeds of the Collateral, (c) to file a copy of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (d) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (e) subject to the terms of Section 2.2, to enforce payment of the Receivables in the name of Secured Party or Debtor, (f) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII and (g) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor Xxxxxx agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Debtor The Grantor irrevocably authorizes the Secured Party at any time and from time to time in the sole discretion of the Secured Party and appoints the Secured Party as its attorney in fact (ai) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of the Secured Party’s security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Secured Party’s security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral owned by the Grantor and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give the Secured Party Control over such Securities or other Investment Property, (ev) subject to after the terms occurrence and during the continuance of Section 2.2an Event of Default, to enforce payment of the Instruments, Accounts and Receivables in the name of the Secured Party or Debtorthe Grantor, (fvi) to apply the proceeds of any Collateral received by the Secured Party after the occurrence and during the continuance of an Event of Default to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor the Grantor agrees to reimburse the Secured Party on demand for any reasonable payment made or any reasonable expense incurred by the Secured Party in connection therewith, provided that this authorization shall not relieve Debtor the Grantor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Each Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (ai) to execute on behalf of such Debtor as debtor and to file financing statements necessary or desirable in the Secured Party’s 's sole discretion to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (ev) subject to the terms of Section 2.24.1.4, to enforce payment of the Receivables in the name of Secured Party or such Debtor, (fvi) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and such Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve any Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Debtor The Grantor irrevocably authorizes the Secured Party at any time and from time to time in the sole discretion of the Secured Party and appoints the Secured Party as its attorney in fact (ai) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of the Secured Party’s security interest in the Collateral, (bii) to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy of this Security Agreement or any other financing statement with respect to the Collateral as or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Secured Party’s security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral owned by the Grantor and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give the Secured Party Control over such Securities or other Investment Property, (ev) subject to after the terms occurrence and during the continuance of Section 2.2an Event of Default, to enforce payment of the Instruments, Accounts and Receivables in the name of the Secured Party or Debtorthe Grantor, (fvi) to apply the proceeds of any Collateral received by the Secured Party after the occurrence and during the continuance of an Event of Default to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor the Grantor agrees to reimburse the Secured Party on demand for any reasonable payment made or any reasonable expense incurred by the Secured Party in connection therewith, provided that this authorization shall not relieve Debtor the Grantor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Each Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (ai) to execute on behalf of such Debtor as debtor and to file financing statements necessary or desirable in the Secured Party’s 's sole discretion to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (bii) to to, after the occurrence and during the continuance of an Event of Default, indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property, (ev) subject to the terms of Section 2.24.1.4, to enforce payment of the Receivables in the name of Secured Party or such Debtor, (fvi) to to, after the occurrence and during the continuance of an Event of Default, apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII VII and (gvii) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and such Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve any Debtor of any of its obligations under this Security Agreement or under the Loan Credit Agreement.

Authorization for Secured Party to Take Certain Action. Each Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints Secured Party as its attorney in fact (a) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (b) upon the occurrence and during the continuance of an Event of Default, to indorse and collect any cash proceeds of the Collateral, (c) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (d) to contact upon the occurrence and enter into one or more agreements with during the issuers continuance of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Propertyan Event of Default, (e) subject to the terms of Section 2.2, to enforce payment of the Receivables in the name of Secured Party or such Debtor, (fe) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations as provided in Article VIII and (gf) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and such Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve any Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.

Authorization for Secured Party to Take Certain Action. Debtor The Guarantors irrevocably authorizes authorize the Secured Party Party, acting through any Person designated by the Secured Party, at any time and from time to time in the sole discretion of Secured Party Party, and appoints the Guarantors appoint the Secured Party or such other Person designated by the Secured Party, as its attorney in fact fact, coupled with an interest, (ai) to file financing statements necessary or desirable in the Secured Party’s sole discretion to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (bii) following the occurrence and during the continuation of an Event of Default, to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy reproduction of this Security Pledge Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Secured Party in its their sole discretion deems deem necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s security interest in the Collateral, (div) to contact following the occurrence and enter into one or more agreements with during the issuers continuation of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Propertyan Event of Default, (e) subject to the terms of Section 2.2, to enforce payment of the Receivables in the name of Secured Party or Debtor, (f) to apply the proceeds of any Collateral received by or on behalf of the Secured Party to the Secured Obligations as provided in Article VIII Section 7 and (gv) to discharge past due taxes, assessments, charges, fees or Liens Encumbrances on the Collateral (except for such Liens Encumbrances as are specifically permitted hereunder), and Debtor agrees the Guarantors agree to reimburse the Secured Party on demand for any payment made or any expense incurred by the Secured Party in connection therewith, provided that this authorization shall not relieve Debtor either Guarantor of any of its his obligations under this Security Pledge Agreement or under the Loan AgreementGuaranty.

Authorization for Secured Party to Take Certain Action. Debtor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party and appoints appoint Secured Party as its their attorney in fact (ai) to file financing statements necessary or desirable in the Secured Party’s 's sole discretion to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (bii) following an Event of Default, to indorse and collect any cash proceeds of the Collateral, (ciii) to file a copy carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as Secured Party in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of Secured Party’s 's security interest in the Collateral, (div) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Collateral and which are Securities or with financial intermediaries holding other Investment Property as may be necessary or advisable to give Secured Party Control over such Securities or other Investment Property[Intentionally Deleted], (e) subject to the terms of Section 2.2, to enforce payment of the Receivables in the name of Secured Party or Debtor, (fv) to apply the proceeds of any Collateral received by Secured Party to the Secured Obligations Indebtedness as provided in Article VIII VII and (gvi) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), and Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party in connection therewith, provided that this authorization shall not relieve Debtor of any of its obligations under this Security Agreement or under the Loan Agreement.