Exercise of Power of Attorney. The Security Agent agrees that the power of attorney granted pursuant to Clause 21.1 (Appointment and Powers) is not effective until the occurrence of an Event of Default and that it shall not exercise such power of attorney unless an Event of Default has occurred and is continuing and after the expiration of any notice periods otherwise required under the Credit Agreement.
Exercise of Power of Attorney. In relation to the performance of the legal and other acts set out in Clause 15.1.2, the Pledgee agrees not to use the power of attorney unless an Event of Default which is continuing has occurred or the Pledgor has not performed an obligation under this Deed within five Business Days after receiving notice from the Pledgee requiring it to do so.
Exercise of Power of Attorney. The power of attorney granted pursuant to this Article XII shall only be exercisable by a party who is a Manager (or Liquidator under Article X) at the time of exercise and may be exercised by such Manager by executing any document or amendment described in Section 12.1 hereof in its capacity as attorney-in-fact for the Non-Managing Members. A Manager shall notify the Non-Managing Members of any documents or amendments executed by it pursuant to this Article XII.
Exercise of Power of Attorney. Any act within the scope of a power of attorney granted pursuant to section 11.1 that is done by the General Partner on behalf of a Limited Partner or the Initial Limited Partner will be deemed conclusively to have been a valid exercise of the power of attorney if expressly done by the General Partner on behalf of the Limited Partnership or in its capacity as general partner of the Limited Partnership, or in any other form or manner that may be appropriate to the circumstances, and any instrument that could legally be executed by the General Partner pursuant to a power of attorney granted hereby and is executed by the General Partner as the general partner of the Limited Partnership will be binding as if executed by the Limited Partner or the Initial Limited Partner who granted the power.
Exercise of Power of Attorney. The Lender, by itself or through any authorized designee or court-appointed receiver, shall have the right, but not the obligation, to exercise any and all of the rights conferred upon the Lender or its designee as attorney-in-fact for the Borrowers pursuant to the provisions of Sections 4.7 and 8.3 hereof. Each of the Borrowers expressly agrees to fully and promptly assist the Lender and/or its designee in the performance of any such duties, to the extent and in the time period requested by the Lender or such designee.
Exercise of Power of Attorney. Agent may exercise the power of attorney granted herein upon the occurrence and during the continuation of a “Default” or “Event of Default” under and as defined in the Loan Agreement. Grantor acknowledges and agrees that a written statement from Agent that a “Default” or “Event of Default” exists shall be conclusive proof thereof as to third parties, including Network Solutions, LLC, relying on this power of attorney. Grantor hereby releases Network Solutions, LLC and any other third party relying on this power of attorney from any and all liability as a result of its acting upon instructions received from Agent which purport to be made pursuant to this power of attorney, even if such instructions are contrary to any instructions or demands of Grantor.
Exercise of Power of Attorney. This Power of Attorney is capable of being exercised upon the occurrence of an Event of Default or a Perfection Event.
Exercise of Power of Attorney. The power of attorney granted pursuant to this Article XI shall only be exercisable by a party who is a Manager (or Liquidator) at the time of exercise and may be exercised by such Manager by executing any document or amendment described in Section 11.1 in its capacity as attorney-in-fact for the Members. A Manager shall notify the Members of any documents or amendments executed by it pursuant to this Article XI. Nothing in Section 11.1 or 11.2 shall authorize such attorney-in-fact to amend or modify this Agreement without the consent of the Members or to take any action that could reasonably be anticipated to have an adverse effect on a Member or the Company.
Exercise of Power of Attorney. To exercise, personally or by general or limited power of attorney, any right, including the right to vote, appurtenant to any assets held by the Trust, and to participate in voting trusts with other stockholders.
Exercise of Power of Attorney. Upon the exercise of any power or authority contained or implied in this Agreement, no person dealing with the Supplier or any attorney appointed under this Agreement shall be bound to inquire:
20.2.1. Whether any Event of Default has occurred;
20.2.2. Whether this Agreement has been repudiated by the Hirer and such repudiation accepted by the Supplier;
20.2.3. As to the due appointment of any attorney; or
20.2.4. Otherwise as to the propriety or regularity of the exercise of any power or authority under this Agreement. No such person shall be affected by notice express or otherwise that any such exercise is unnecessary or improper. Notwithstanding any irregularity or impropriety in the power or authority its exercise shall as regards the protection of other persons be deemed authorised by that power and authority and shall be valid and effectual accordingly.
