CONSTITUTED ATTORNEY. 10.1 The Borrower(s) hereby agree(s) and appoints FICCL and its officers, employees and agents and authorized representatives to be its duly constituted attorneys for all or any of the following purposes, namely:
(i) To enter any place where any of the Hypothecated Assets may be and inspect and value them;
(ii) To take possession of all or any of the Hypothecated Assets and/or the documents relating thereto from whomsoever they may be in possession of including the contents therein and to dispose them of immediately if they are dangerous and perishable in nature.
(iii) To sell, dispose of any of the Hypothecated Assets for and on behalf of the Borrower(s) and at the risk of the Borrower(s) in all respects and to realize full or any part or portion of the sale proceeds thereof and sign and execute all contracts, declarations and instruments as may be necessary or expedient for giving delivery thereof.
(iv) To appear before the office of Regional Transport Officer, Sales Tax Officer, Police Authorities or any other authorities through advocates or any authorized person deemed necessary by FICCL to effect transfer of the Vehicle.
(v) To take all such steps as may be required for the recovery of any of the Hypothecated Assets, including the institution of any claim, suit, petition or other legal process and the signing and execution of all necessary vakalatnamas and documents for the said purpose and the compromising or settlement of such suit or action.
(vi) To sign all papers, correspondence, vouchers, forms, applications, petitions, receipts, documents, agreements, indentures and writings that the Borrower(s) would be bound to do under or in pursuance of these presents and / or the Loan for and behalf of the Borrower(s) and to attend before the Regional Transport Officer, Sales Tax Officer, Police Authorities, Sub-Registrar of Assurances or any other relevant authority and admit execution thereof.
(vii) Generally to do perform and execute or cause to be done performed or executed all acts deeds matters things and documents in all matters arising under or out of or concerning or touching these presents as the Borrower(s) could itself do perform or execute.
(viii) And for the better and more effectually doing effecting and performing the several matters and things aforesaid to appoint from time to time or generally such other persons bodies companies organizations or agencies as FICCL may think fit as its substitute or substitutes to do execute and perform al...
CONSTITUTED ATTORNEY. The Borrower hereby agrees and appoints the Financier and its officers, employees and agents and authorized representatives to be its duly constituted attorneys for all or any of the following purposes, upon the occurrence of an event of default, namely:
(a) to sign all papers, documents agreements indentures and writings that the Borrower would be bound to do under or in pursuance of these presents and / or the Loan and/or the Security for and behalf of the Borrower and to attend before the Sub-Registrar of Assurances or any other relevant authority and admit execution thereof;
(b) Generally to do perform and execute or cause to be done performed or executed all acts deeds matters things and documents in all matters arising under or out of or concerning or touching these presents as the Borrower could itself do perform or execute;
(c) And for the better and more effectually doing effecting and performing the several matters and things including as aforesaid, and to appoint from time to time or generally such other persons, bodies, companies, organizations, or agencies as the Financier may think fit as its substitute or substitutes to do execute and perform all or any such acts and things as aforesaid and such substitute or substitutes at pleasure to remove and to appoint other or others in his or their place;
(d) The Borrower agrees that the above powers may be exercised and further agrees to ratify and confirm all that the Financier or any substitute or substitutes appointed by the Financier may lawfully do or cause to be done in exercise of the aforesaid powers;
(e) The Borrower further agrees to give all assistance to the Financier and its officers and authorized representations and other substitutes for the purpose of exercising any of the powers herein above set out, including endorsing of documents, signing of papers and doing all such things as may be necessary to enable the Financier and its officers and other substitutes to exercise all the powers hereby conferred.
(f) The Borrower further agrees that the aforesaid powers have been granted for valuable consideration and as such shall be irrevocable in nature till such time as any amounts remain due owing or payable under or in respect of or in pursuance of the Loan and / or these presents.
CONSTITUTED ATTORNEY. 11.1 The Borrower(s) hereby agrees and appoints VWFPL and its officers, employees, agents, and authorized representatives to be its duly constituted attorneys for all or any of the following purposes, namely:
i) To enter any place where any of the Hypothecated Assets may be and inspect and value them.
CONSTITUTED ATTORNEY. 22.27.1. The Promoter Group and the Existing Shareholders hereby irrevocably authorize the Promoter as their agent and attorney-in- fact (hereinafter referred to as the “Attorney”), for and on each such Party’s behalf to exclusively give and receive all notices, consents and instructions, to agree, accept and execute all documents in connection with this Agreement (including amendments and variations of and consents under this Agreement),enter into settlements and compromises, and with respect to this Agreement and to execute any new document and to take such other action as may be necessary or desirable under or in connection with this Agreement. It is hereby clarified that the Promoter will act as an agent and attorney-in-fact only for the purpose specified in this Article 22.27 and nothing in this Article shall discharge the Promoter and the Existing Shareholders of their obligations under any other provisions of this Agreement.
