Common use of AUTHORIZED AGENT AND POWERS OF ATTORNEY Clause in Contracts

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 9 contracts

Samples: Management Services Agreement (Omega Orthodontics Inc), Management Services Agreement (Omega Orthodontics Inc), Management Services Agreement (Omega Orthodontics Inc)

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AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-attorneys- in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 2 contracts

Samples: Security Agreement (Omega Orthodontics Inc), Management Services Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request. Upon termination of this agreement or upon a breach of this agreement by the MSO which is not remedied within any applicable cure period, but not less than sixty (60) days, Dr. Holt may, upon notice xx xxx XSO and OMEGA, revoke all powers of attorney granted to the MSO or OMEGA.

Appears in 1 contract

Samples: Management Services Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The Unless and until there is an effective termination of this Agreement, the New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. AdditionallyUnless and until there is an effective termination of this Agreement, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The Unless and until there is an effective termination of this Agreement, the New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocablerevocable only upon an effective termination of this Agreement. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Management Services Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-in- fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign and deliver said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Security Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-in- fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Security Agreement (Omega Orthodontics Inc)

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AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Management Services Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-in- fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO (and its designees) as the New PC's attorney-in-in- fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-attorneys- in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign and deliver said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Security Agreement (Omega Orthodontics Inc)

AUTHORIZED AGENT AND POWERS OF ATTORNEY. The New PC hereby designates the MSO (and its designees) its authorized agent and lawful attorney-in-fact for purposes of depositing payments, paying accounts payables, signing checks, negotiating and signing contracts for services or goods, securing loans or incurring obligations on behalf of the New PC; provided, however, that all contracts or fees set for services on behalf of the New PC will be subject to final approval and acceptance by the New PC. Additionally, the New PC hereby irrevocably appoints the MSO (and its designees) its authorized agent and lawful attorney-in-in- fact to collect all bills and accounts receivable for professional fees, charges and other amounts and authorizes the MSO through its designees to take possession of all checks, money orders and similar instruments received as payment of receivables to be deposited into the New PC Account. The New PC hereby irrevocably appoints the MSO as the New PC's attorney-in-fact, with full power and authority in the place and stead of the New PC, in the MSO's discretion, to endorse in the name of the New PC any checks, payments, notes, insurance payments and money orders, to withdraw funds for payments of expenses, including Management Fees and other sums payable to the MSO, to open and close the New PC Account and other bank accounts, to take any action and to execute any other instrument which the MSO may deem necessary or advisable to accomplish the purposes hereof. The powers of attorney granted herein are coupled with an interest and are irrevocable. Third parties and entities and persons not a party to this Agreement are entitled to rely on the foregoing attorneys-in-fact and an affidavit of the MSO attesting thereto. The acceptance of this appointment by the MSO shall not obligate it to perform any duty or covenant required to be performed by the New PC under or by virtue of this Agreement. Notwithstanding the foregoing powers of attorney, the New PC shall at any time, on the request of the MSO, sign financing statements, security agreements or other agreements necessary or advisable to accomplish the purpose of this Agreement. Upon the New PC's failure to sign said financing statements, security agreements or other agreements, the MSO is authorized as the agent of the New PC to sign any such instruments. The New PC may review all deposits and expenses upon request.

Appears in 1 contract

Samples: Security Agreement (Omega Orthodontics Inc)

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