Authorization to Lender. Guarantor authorizes Lender, either before or after any revocation hereof, without notice or demand and without lessening or otherwise affecting Guarantor’s liability under this Guaranty, from time to time: (a) prior to revocation as set forth above, to make one or more additional secured or unsecured loans to Borrower, to lease equipment or other goods to Borrower, or otherwise to extend additional credit to Borrower; (b) to alter, compromise, renew, extend, accelerate, or otherwise change one or more times the time for payment or other terms of the Obligations or any part of the Obligations, including increases and decreases of the rate of interest on the Obligations; extensions may be repeated and may be for longer than the original loan term; (c) to take and hold security for the payment of this Guaranty or the Obligations, and exchange, enforce, waive, fail or decide not to perfect, and release any such security, with or without the substitution of new collateral; (d) to release, substitute, agree not to xxx, or deal with any one or more of Borrower’s sureties, endorsers, or other guarantors on any terms or in any manner Lender may choose; (e) to determine how, when, and what application of payments and credits shall be made on the Obligations; (f) to apply such security and direct the order or manner of sale thereof, including without limitation, any non-judicial sale permitted by the terms of the controlling security agreement or deed of trust, as Lender in its discretion may determine; (g) to sell, transfer, assign, or grant participations in all or any part of the Obligations; and (h) to assign or transfer this Guaranty in whole or in part.
Authorization to Lender. 9.1. The Borrower irrevocably authorizes Lender to take any and all appropriate action and to execute any and all documents and instruments, in the name of Borrower, that may be necessary or desirable to accomplish the purposes of this Agreement including the filing on behalf of Borrower with such governmental authorities as are appropriate such documents (including, without limitation, applications, certificates, and tax returns) as may be required for purposes of having Borrower qualified to transact business in a particular state or geographic location.
Authorization to Lender. If, while any Subordinated Debt is outstanding, any Insolvency Proceeding is commenced by or against the Borrower or its property:
Authorization to Lender. If, while any Subordinated Debt is outstanding, there is an occurrence and continuation of an Event of Default with respect to any other Obligor which is a Loan Party or its property: (i) Lender is hereby irrevocably authorized and empowered (in the name of each Obligor or otherwise), but shall have no obligation, to demand, sue for, collect, and receive every payment or distribution in respect of the Subordinated Debt and give acquittance therefor and to file claims and proofs of claim and take such other action (including voting the Subordinated Debt) as it may deem necessary or advisable for the exercise or enforcement of any of the rights or interests of Lender; and (ii) each Obligor shall promptly take such action as Lender reasonably may request (A) to collect the Subordinated Debt for the account of Lender and to file appropriate claims or proofs of claim in respect of the Subordinated Debt, (B) to execute and deliver to Lender such powers of attorney, assignments, and other instruments as it may request to enable it to enforce any and all claims with respect to the Subordinated Debt, and (C) to collect and receive any and all Subordinated Debt Payments.
Authorization to Lender. Borrower hereby requests and authorizes Lender to make advances directly to itself for monthly interest payments against the Revolving Loan Sublimit in accordance with Section 4.3.
Authorization to Lender. Borrower irrevocably authorizes Lender to exercise the following powers, with such limitations as described within this section, until all of the Obligations have been paid in full: (a) File any initial financing statements and/or amendments that: (1) Indicate the collateral as all assets of the Borrower or words of similar effect; (2) Contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including whether the Borrower is an organization, the type of organization, and any organization identification number issued to the Borrower; (b) File any Correction Statement in the name of Borrower under Section 9-518 of the Uniform Commercial Code that Lender reasonably deems necessary to preserve its rights hereunder; and upon any uncured Default A) receive, take, endorse, assign, deliver, accept and deposit, in the name of Borrower or Lender, any and all proceeds of any collateral securing the obligations or the proceeds thereof; B) take or bring, in the name of Borrower or Lender, all steps, actions, suits or proceedings deemed by Lender necessary or desirable to effect collection of or other realization upon Borrower's Accounts; C) Pay any sums necessary to discharge any lien or encumbrance which is senior to Lender's security interest in any assets of Borrower, which sums shall be included as Obligations hereunder, and in connection with which sums interest shall accrue and shall be due and payable; D)Notify any person obligated with respect to any obligation to Borrower, that the underlying such obligation has been assigned to Lender by Borrower and that payment thereof is to be made to the order of and directly and solely to Lender; E) Communicate directly with Borrower's obligees to verify the amount and validity of any obligation of theirs owed to Borrower; F) Change the address for delivery of mail to Borrower and to receive and open mail addressed to Borrower; G)Extend the time of payment of, compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all obligations to Borrower, and discharge or release any of Borrower's obligee(s) (including filing of any public record releasing any lien granted to Borrower by such obligee), without affecting any such obligations; H) In order to satisfy any of Borrower's obligations under this Promissory Note, Borrower authorizes Lender to initiate electronic debit or cre...
Authorization to Lender. If, while any Subordinated Debt is outstanding, any Insolvency Event shall occur and be continuing with respect to the other CPI Party or its property: (i) Agent hereby is irrevocably authorized and empowered (in the name of each CPI Party or otherwise), but shall have no obligation, to demand, sue xxx, collect, and receive every payment or distribution in respect of the Subordinated Debt and give acquittance therefor and to file claims and proofs of claim and take such other action (including voting the Subordinated Debt) as it may deem necessary or advisable for the exercise or enforcement of any of the rights or interests of the Lender Group; and (ii) each CPI Party shall promptly take such action as Agent reasonably may request (A) to collect the Subordinated Debt for the account of the Lender Group and to file appropriate claims or proofs of claim in respect of the Subordinated Debt, (B) to execute and deliver to Agent such powers of attorney, assignments, and other instruments as it may request to enable it to enforce any and all claims with respect to the Subordinated Debt, and (C) to collect and receive any and all Subordinated Debt Payments.
Authorization to Lender. The Borrower irrevocably authorizes Lender to take any and all appropriate action and to execute any and all documents and instruments, in the name of Borrower, that may be necessary or desirable to accomplish the purposes of this Agreement including, BUT NOT LIMITED TO:
Authorization to Lender. 8.1 Lender may notify Borrower’s customers that the underlying Account has been assigned to Lender and that payment thereof is to be made to the order of Lender and sent directly to Lender. Such notification may be in the form that is annexed hereto as Exhibit 1.
Authorization to Lender
