Common use of Authorized Action by Secured Party Clause in Contracts

Authorized Action by Secured Party. Debtor irrevocably appoints Secured Party as Debtor’s attorney in fact to do any act that Debtor is obligated to do pursuant to this Agreement to preserve or protect the Collateral and to preserve, protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party to exercise such rights and powers as Debtor might exercise with respect to the Collateral following an Event of Default, as defined below. These powers shall include without limitation the right to:

Authorized Action by Secured Party. After the occurrence of any "Event of Default" (as defined below) and while it is continuing, Debtor hereby irrevocably appoints Secured Party as Debtor’s attorney in its attorney-in-fact to do (but Secured Party shall not be obligated to and shall not incur any liability to Debtor or any third party for failure so to do) any act that which Debtor is obligated to do pursuant to by this Security Agreement to preserve or protect the Collateral do, and to preserve, protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party to exercise such rights and powers as Debtor might exercise with respect to the Collateral following an Event of DefaultCollateral, as defined below. These powers shall include including, without limitation limitation, the right to:

Authorized Action by Secured Party. Debtor hereby irrevocably appoints Secured Party as Debtor’s attorney in its attorney-in-fact to do (but Secured Party shall not be obligated to and shall incur no liability to Debtor or any third party for failure to do so) any act that which Debtor is obligated to do pursuant to by this Agreement to preserve or protect the Collateral do, and to preserve, protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party to exercise such rights and powers as Debtor might exercise with respect to the Collateral following an Event for the account of Default, as defined below. These powers shall include without limitation and at the right to:sole cost and expense of Debtor.

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as Debtor’s attorney in its attorney-in-fact (which appointment is coupled with an interest) and agrees that Secured Party may perform (but Secured Party shall not be obligated to do and shall incur no liability to Debtor or any third party for failure so to do) any act that which Debtor is obligated to do pursuant to by this Security Agreement to preserve or protect the Collateral perform, and to preserve, protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party to exercise such rights and powers as Debtor might exercise with respect to the Collateral following an Event of DefaultCollateral, as defined below. These powers shall include without limitation including the right to:

Authorized Action by Secured Party. Debtor hereby irrevocably appoints Secured Party as Debtor’s attorney in its attorney-in-fact to do any act that Debtor is (but Secured Party shall not be obligated to do pursuant and shall not incur any liability to this Agreement Debtor or any third party for failure so to preserve or protect the Collateral and to preserve, protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party do) to exercise such all rights and powers as Debtor might exercise with respect to the Collateral following an Event of DefaultCollateral. Debtor agrees to pay Secured Party on demand any costs and expenses, including attorneys’ fees, it incurs while acting as defined below. These powers shall include without limitation Debtor’s attorney-in-fact and such costs and expenses are included in the right to:Obligations secured hereby.