Common use of General Appointment Clause in Contracts

General Appointment. Each Obligor irrevocably appoints the Lender and each Receiver and each of their duly appointed officers, agents, employees or representatives (jointly and severally) to be its attorney to: a) Covenants: do all things which each Obligor agrees to do under this Agreement or the Collateral Documents; b) Performance: sign any document and do any other act, that the attorney thinks is necessary for the purposes of: i. giving effect to the rights of the Lender and every Receiver under this Agreement or the Collateral Documents ii. ensuring the Lender gets the full benefit of each Security Interest created under this Agreement or a Collateral Document; and c) Land related obligations: execute and perform any deed, instrument, application, transfer, mortgage or other document under the Land Transfer Act 1952 that the attorney believes is necessary for the purposes of: i. securing or otherwise giving effects to the rights, powers, remedies, authority and discretions of the Lender and every Receiver under this Agreement or the Collateral Documents; ii. perfecting each Security Interest created under this Agreement or a Collateral Document including (without limiting in any way the complete generality of this power) to execute and register any mortgage referred to in clause 7.4; or iii. further securing the payment of the Loan, any Fees and/or Interest (whether accrued or compounded), and the performance of, and compliance with, the Secured Obligations, and without limiting the rights above, in circumstances where an Obligor has agreed to mortgage an interest in land to the Lender and the Lender has registered a caveat in relation to such agreement to mortgage, the Obligor authorises an attorney to execute and register a mortgage under the Land Transfer Xxx 0000 in relation to the caveated interest. An attorney may delegate its powers (including this right of delegation) to any person for any period. The Lender cannot use its rights under this clause to take a security interest in property acquired by an Obligor after the date of this Agreement (other than as contemplated under sub-paragraph (c) above).

General Appointment. Each Obligor irrevocably appoints the Lender and each Receiver and each of their duly appointed officers, agents, employees or representatives (jointly and severally) to be its attorney to: a) Covenants: do all things which each Obligor agrees to do under this Agreement or the Collateral Documents; b) Performance: sign any document and do any other act, that the attorney thinks is necessary for the purposes of: i. giving effect to the rights of the Lender and every Receiver under this Agreement or the Collateral Documents ii. ensuring the Lender gets the full benefit of each Security Interest created under this Agreement or a Collateral Document; and c) Land related obligations: execute and perform any deed, instrument, application, transfer, mortgage or other document under the Land Transfer Act 1952 that the attorney believes is necessary for the purposes of: i. securing or otherwise giving effects to the rights, powers, remedies, authority and discretions of the Lender and every Receiver under this Agreement or the Collateral Documents; ii. perfecting each Security Interest created under this Agreement or a Collateral Document including (without limiting in any way the complete generality of this power) to execute and register any mortgage referred to in clause 7.4; or iii. further securing the payment of the Loan, any Fees and/or Interest (whether accrued or compounded), and the performance of, and compliance with, the Secured Obligations, and without limiting the rights above, in circumstances where an Obligor Xxxxxxx has agreed to mortgage an interest in land to the Lender and the Lender has registered a caveat in relation to such agreement to mortgage, the Obligor authorises an attorney to execute and register a mortgage under the Land Transfer Xxx 0000 in relation to the caveated interest. An attorney may delegate its powers (including this right of delegation) to any person for any period. The Lender cannot use its rights under this clause to take a security interest in property acquired by an Obligor after the date of this Agreement (other than as contemplated under sub-paragraph (c) above).