Common use of Covenants in Respect of Margin; Power of Attorney Clause in Contracts

Covenants in Respect of Margin; Power of Attorney. You covenant that with respect to Margin and the delivery of Margin, you will take such action as is necessary to cooperate with XX Xxxxxx to perfect or preserve its first priority security interest, legal or equitable charge or other mortgage or assignment in the Margin. You irrevocably appoint each XX Xxxxxx Entity to be your attorney-in-fact and your agent to act in your name and on your behalf to sign, seal, execute and deliver all documents, and do all such acts as may be required, to perfect the security interest hereunder or to realize upon any of XX Xxxxxx’x rights hereunder. (MKL) Standard Form IAA 2017-02-15

Covenants in Respect of Margin; Power of Attorney. You covenant that with respect to Margin and the delivery of Margin, you will take such action as is necessary to cooperate with XX Xxxxxx to perfect or preserve its first priority security interest, legal or equitable charge or other mortgage or assignment in the Margin. You irrevocably appoint each XX Xxxxxx Entity to be your attorney-in-fact and your agent to act in your name and on your behalf to sign, seal, execute and deliver all documents, and do all such acts as may be required, to perfect the security interest hereunder or to realize upon any of XX Xxxxxx’x rights hereunder. (MKL) Standard Form IAA 2017-02-15.