Cumulative Remedies; Power of Attorney. The Agent hereby acknowledges and affirms that the rights and remedies with respect to the Trademarks, whether established hereby or by the Security Agreement, or by any other agreements or by law shall be cumulative and may be exercised singularly or concurrently. Grantor hereby authorizes the Agent upon the occurrence and during the continuance of an Event of Default, to make, constitute and appoint any officer or agent of the Agent as the Agent select, in its sole discretion, as Grantor's true and lawful attorney-in-fact, with power to (a) endorse Grantor's name on all applications, documents, papers and instruments reasonably necessary or desirable for the Agent in the use of the Trademarks or (b) take any other actions with respect to the Trademarks as the Agent deems to be in the best interest of the Secured Parties, or (c) grant or issue any exclusive or non-exclusive license under the Trademarks to anyone, or (d) assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone. Grantor hereby ratifies all that such attorneys shall lawfully do or cause to be done after the occurrence and during the continuance of an Event of Default by virtue hereof. This power of attorney shall be irrevocable until Grantor's Obligations shall have been paid in full. Grantor hereby further acknowledges and agrees that the use by the Agent of the Trademarks after the occurrence and during the continuance of an Event of Default shall be worldwide, except as limited by their terms, and without any liability for royalties or related charges from the Agent to Grantor.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Zila Inc), Purchase Agreement (Zila Inc)
Cumulative Remedies; Power of Attorney. The Agent Purchasers hereby acknowledges and affirms that the rights and remedies with respect to the Trademarks, whether established hereby or by the Security Agreement, or by any other agreements or by law shall be cumulative and may be exercised singularly or concurrently. Grantor hereby authorizes the Agent Purchasers upon the occurrence and during the continuance of an Event of Default, to make, constitute and appoint any officer or agent of the Agent Purchasers as the Agent Purchasers may select, in its their sole discretion, as Grantor's true and lawful attorney-in-fact, with power to (a) endorse Grantor's name on all applications, documents, papers and instruments reasonably necessary or desirable for the Agent Purchasers in the use of the Trademarks or (b) take any other actions with respect to the Trademarks as the Agent deems Purchasers deem to be in the best interest of the Secured PartiesPurchasers, or (c) grant or issue any exclusive or non-exclusive license under the Trademarks to anyone, or (d) assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone. Grantor hereby ratifies all that such attorneys shall lawfully do or cause to be done after the occurrence and during the continuance of an Event of Default by virtue hereof. This power of attorney shall be irrevocable until Grantor's Obligations shall have been paid in full. Grantor hereby further acknowledges and agrees that the use by the Agent Purchasers of the Trademarks after the occurrence and during the continuance of an Event of Default shall be worldwide, except as limited by their terms, and without any liability for royalties or related charges from the Agent Purchasers to Grantor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Precision Optics Corporation Inc)
Cumulative Remedies; Power of Attorney. The Agent Grantor hereby acknowledges and affirms that the rights and remedies with respect to the Trademarks, whether established hereby or by the Security Agreement, or by any other agreements or by law shall be cumulative and may be exercised singularly or concurrently. Grantor hereby authorizes the Collateral Agent upon the occurrence and during the continuance of an Event of Default, to make, constitute and appoint any officer or agent of the Collateral Agent as the Collateral Agent may select, in its sole discretion, as Grantor's true and lawful attorney-in-fact, with power to (a) endorse Grantor's name on all applications, documents, papers and instruments reasonably necessary or desirable for the Collateral Agent in the use of the Trademarks or (b) take any other actions with respect to the Trademarks as the Collateral Agent deems deem to be in the best interest of the Secured PartiesCollateral Agent, or (c) grant or issue any exclusive or non-exclusive license under the Trademarks to anyone, or (d) assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone. Grantor hereby ratifies all that such attorneys shall lawfully do or cause to be done after the occurrence and during the continuance of an Event of Default by virtue hereof. This power of attorney shall be irrevocable until Grantor's Obligations shall have been paid in full. Grantor hereby further acknowledges and agrees that the use by the Collateral Agent of the Trademarks after the occurrence and during the continuance of an Event of Default shall be worldwide, except as limited by their terms, and without any liability for royalties or related charges from the Collateral Agent to Grantor.
Appears in 1 contract
Cumulative Remedies; Power of Attorney. The Agent Purchasers hereby acknowledges and affirms that the rights and remedies with respect to the Trademarks, whether established hereby or by the Security Agreement, or by any other agreements or by law shall be cumulative and may be exercised singularly or concurrently. Grantor hereby authorizes the Agent Purchasers upon the occurrence and during the continuance of an Event of Default, to make, constitute and appoint any officer or agent of the Agent Purchasers as the Agent Purchasers may select, in its their sole discretion, as Grantor's ’s true and lawful attorney-in-fact, with power to (a) endorse Grantor's ’s name on all applications, documents, papers and instruments reasonably necessary or desirable for the Agent Purchasers in the use of the Trademarks or (b) take any other actions with respect to the Trademarks as the Agent deems Purchasers deem to be in the best interest of the Secured PartiesPurchasers, or (c) grant or issue any exclusive or non-exclusive license under the Trademarks to anyone, or (d) assign, pledge, convey or otherwise transfer title in or dispose of the Trademarks to anyone. Grantor hereby ratifies all that such attorneys shall lawfully do or cause to be done after the occurrence and during the continuance of an Event of Default by virtue hereof. This power of attorney shall be irrevocable until Grantor's ’s Obligations shall have been paid in full. Grantor hereby further acknowledges and agrees that the use by the Agent Purchasers of the Trademarks after the occurrence and during the continuance of an Event of Default shall be worldwide, except as limited by their terms, and without any liability for royalties or related charges from the Agent Purchasers to Grantor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Visual Networks Inc)