Grant of Power of Attorney by Company Sample Clauses

Grant of Power of Attorney by Company. The Company hereby irrevocably appoints the Initial Member its lawful attorney-in-fact, with full authority in the place and stead of the Company and in the name of the Company, the Initial Member or otherwise, and with full power of substitution in the premises (which power of attorney, being coupled with an interest, is irrevocable for so long as the Company is in existence), from time to time in the Initial Member’s discretion, following a failure by the Company to satisfy promptly its obligations pursuant to Section 3.1, Section 3.2, Section 4.10 or Section 4.11 as they relate to the preparing, furnishing, executing and/or recording of any of the Transfer Documents or any other relevant matter set forth in any such provision to prepare, furnish, execute and/or record all relevant Transfer Documents and other documents as might be reasonably necessary to satisfy the transfer and recording obligations of the Company pursuant to Section 3.1, Section 3.2, Section 4.10 or Section 4.11. Article IV
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Grant of Power of Attorney by Company. 16 Article IV Covenants, Duties and Obligations of the Company 17 Section 4.1 Servicing of Mortgage Loans 17 Section 4.2 Collection Agency/Contingency Fee Agreements 17 Section 4.3 Insured or Guaranteed Mortgage Loans 17 Section 4.4 Reporting to or for the Applicable Taxing Authorities 17 Section 4.5 Mortgage Loans in Litigation 18 Section 4.6 Mortgage Loans in Bankruptcy 21 Section 4.7 Mortgage Loan Related Insurance 22 Section 4.8 Mortgage Loans with Escrow Accounts 22 Section 4.9 [Reserved] 23 Section 4.10 Contracts for Deed 23 Section 4.11 Acquired Property 23 Section 4.12 Leases 23 Section 4.13 Notice to Borrowers 23 Section 4.14 Notice of Claims 23 Section 4.15 Use of the FDIC’s Name and Reservation of Statutory Powers 24 Section 4.16 Prior Servicer Information 24 Section 4.17 Release of Initial Member 24 Article V Mortgage Loans Sold “As Is” and Without Recourse 25 Section 5.1 Mortgage Loans Conveyed “As Is” 25 Section 5.2 No Warranties or Representations with Respect to Escrow Accounts 25 Section 5.3 No Warranties or Representations as to Amounts of Unfunded Principal 25 Section 5.4 Disclaimer Regarding Calculation or Adjustment of Interest on any Mortgage Loan 25 Section 5.5 No Warranties or Representations With Regard to Information 26 Section 5.6 Intervening or Missing Assignments 26 Section 5.7 No Warranties or Representations as to Documents 26 Article VI Repurchase by the Initial Member at the Company’s Option 26 Section 6.1 Repurchases at Company’s Option 26 Section 6.2 Notice to Initial Member 28 Section 6.3 Re-delivery of Notes, Files and Documents 29 Section 6.4 Waiver of Company’s Repurchase Option 29 Article VII Notices 30 Section 7.1 Notices 30 Section 7.2 Article VI Notice 30
Sample 1

Related to Grant of Power of Attorney by Company

  • Power of Attorney A. Each Limited Partner and each Assignee constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead to:

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Grant of Right In addition to the demand right of registration described in Section 5.1 hereof, the Holder shall have the right, for a period of no more than two (2) years from the Initial Exercise Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Shares which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

  • Grant of Access Each Registry Operator (optionally through the CZDA Provider) will provide the Zone File FTP (or other Registry supported) service for an ICANN-­‐specified and managed URL (specifically, <TLD>.xxx.xxxxx.xxx where <TLD> is the TLD for which the registry is responsible) for the user to access the Registry’s zone data archives. Registry Operator will grant the user a non-­‐exclusive, nontransferable, limited right to access Registry Operator’s (optionally CZDA Provider's) Zone File hosting server, and to transfer a copy of the top-­‐level domain zone files, and any associated cryptographic checksum files no more than once per 24 hour period using FTP, or other data transport and access protocols that may be prescribed by ICANN. For every zone file access server, the zone files are in the top-­‐level directory called <zone>.zone.gz, with <zone>.zone.gz.md5 and <zone>.zone.gz.sig to verify downloads. If the Registry Operator (or the CZDA Provider) also provides historical data, it will use the naming pattern <zone>-­‐yyyymmdd.zone.gz, etc.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral and in all proceeds thereof, as security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or any Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure and other Obligations secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by such Defaulting Lender).

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