Common use of Collateral Agent’s rights upon default Clause in Contracts

Collateral Agent’s rights upon default. (a) Each Grantor irrevocably constitutes and appoints the Collateral Agent, with full power of substitution, as such Grantor’s true and lawful attorney-in-fact, in such Grantor’s name or in the Collateral Agent’s name or otherwise, and at such Grantor’s expense, to take any of the actions authorized by this Agreement or permitted under applicable law upon the occurrence and during the continuation of an Event of Default, without notice to or the consent of such Grantor. This power of attorney is a power coupled with an interest and cannot be revoked. Each Grantor ratifies and confirms all actions taken by the Collateral Agent or its agents under this power of attorney.

Collateral Agent’s rights upon default. (a) Each The Grantor irrevocably constitutes and appoints the Collateral Agent, with full power of substitution, as such the Grantor’s true and lawful attorney-in-fact, in such the Grantor’s name or in the Collateral Agent’s name or otherwise, and at such the Grantor’s expense, to take any of the actions authorized by this Agreement or permitted under applicable law upon the occurrence and during the continuation of an Event of Default, without notice to or the consent of such the Grantor. This power of attorney is a power coupled with an interest and cannot be revoked. Each The Grantor ratifies and confirms all actions taken by the Collateral Agent or its agents under this power of attorney.

Collateral Agent’s rights upon default. (a) Each The Grantor irrevocably constitutes and appoints the Collateral Agent, with full power of substitution, as such the Grantor’s 's true and lawful attorney-in-factattorney‑in‑fact, in such the Grantor’s 's name or in the Collateral Agent’s 's name or otherwise, and at such the Grantor’s 's expense, to take any of the actions authorized by this Agreement or permitted under applicable law upon the occurrence and during the continuation of an Event of Default, without notice to or the consent of such the Grantor. This power of attorney is a power coupled with an interest and cannot be revoked. Each The Grantor ratifies and confirms all actions taken by the Collateral Agent or its agents under this power of attorney.