Bank Appointed Attorney-in-Fact. The Grantor hereby irrevocably appoints the Bank the attorney-in-fact of the Grantor with full power in the name and on behalf of the Grantor to take any action, including the defense or initiation of any litigation and to execute and deliver any agreement, certificate, charge document, notice or instrument (including, but not limited to financing statements, amendments thereto and continuation statements) that the Bank may deem necessary or appropriate in its sole discretion to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. All acts of said attorney are hereby ratified and approved and said attorney and its designees shall not be liable for, and the Grantor shall hold the same harmless from liability for, any acts or failure to act, or for any error of judgment or mistake of law or fact, absent gross negligence, bad faith, or willful misconduct.
Appears in 10 contracts
Samples: Security Agreement (Synovics Pharmaceuticals), Security Agreement (Synovics Pharmaceuticals), Security Agreement (Synovics Pharmaceuticals)
