Authorization for Secured Party to Take Certain Action. Grantor 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, coupled with an interest, to contact and enter into one or more agreements with the Bank to give Secured Party Control over the Pledged Account.
Appears in 3 contracts
Samples: Operated Deposit Account Security Agreement, Operated Deposit Account Security Agreement (Black Elk Energy Finance Corp.), Non Operated Deposit Account Security Agreement (Black Elk Energy Finance Corp.)
Authorization for Secured Party to Take Certain Action. Grantor irrevocably authorizes Secured Party at any time and from time to time in the sole discretion of Secured Party Party, and appoints Secured Party as its attorney in fact, coupled with an interest, (a) to contact execute on behalf of Grantor as debtor and enter into one to file financing statements necessary or more agreements with desirable in Secured Party’s sole discretion to perfect and to maintain the Bank perfection and priority of Secured Party’s Security Interest in the Collateral, (b) to give Secured Party Control over indorse and collect any cash Proceeds of the Pledged Account.Collateral,
Appears in 1 contract
Samples: Pledge Agreement
