Common use of Grant of Power Clause in Contracts

Grant of Power. Issuer does hereby make, constitute and appoint Collateral Agent (or any officer or agent of Collateral Agent) as Issuer’s true and lawful attorney-in-fact, with full power of substitution, in the name of Issuer or in the name of Collateral Agent or otherwise, for the use and benefit of Collateral Agent, but at the cost and expense of Issuer, (i) to indorse the name of Issuer on any instruments, notes, checks, drafts, money orders, or other media of payment (including payments payable under any policy of insurance on the Collateral) or Collateral that may come into the possession of Collateral Agent or any Affiliate of Collateral Agent in full or part payment of any of the Obligations; (ii) upon the occurrence and during the continuance of any Event of Default, to sign and indorse the name of Issuer on any invoice, freight or express xxxx, xxxx of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with any Collateral, and any instrument or document relating thereto or to any of Issuer’s rights therein; (iii) to file financing statements pursuant to the UCC and other notices appropriate under applicable law as Collateral Agent deems necessary to perfect, preserve, and protect Collateral Agent’s rights and interests under this Agreement; (iv) after an Event of Default has occurred and is continuing, to obtain the insurance referred to in Section 4.05 of the Indenture and indorse any drafts and cancel any insurance so obtained by Collateral Agent; (v) after an Event of Default has occurred and is continuing, to give written notice to the United States Post Office to effect change(s) of address so that all mail addressed to Issuer may be delivered directly to Collateral Agent; and (vi) to do any and all things Collateral Agent determines to be necessary or desirable to perfect Collateral Agent’s security interest in, and Lien on, and other rights and interests in, the Collateral, to preserve and protect the Collateral and to otherwise carry out this Agreement.

Grant of Power. Issuer Guarantor does hereby make, constitute and appoint Collateral Agent (or any officer or agent of Collateral Agent) as IssuerGuarantor’s true and lawful attorney-in-fact, with full power of substitution, in the name of Issuer Guarantor or in the name of Collateral Agent or otherwise, for the use and benefit of Collateral Agent, but at the cost and expense of IssuerGuarantor, (i) to indorse the name of Issuer Guarantor on any instruments, notes, checks, drafts, money orders, or other media of payment (including payments payable under any policy of insurance on the Collateral) or Collateral that may come into the possession of Collateral Agent or any Affiliate of Collateral Agent in full or part payment of any of the Obligations; (ii) upon the occurrence and during the continuance of any Event of Default, to sign and indorse the name of Issuer Guarantor on any invoice, freight or express xxxx, xxxx of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with any Collateral, and any instrument or document relating thereto or to any of IssuerGuarantor’s rights therein; (iii) to file financing statements pursuant to the UCC and other notices appropriate under applicable law as Collateral Agent deems necessary to perfect, preserve, and protect Collateral Agent’s rights and interests under this Agreement; (iv) after an Event of Default has occurred and is continuing, to obtain the insurance referred to in Section 4.05 of the Indenture required hereunder and indorse any drafts and cancel any insurance so obtained by Collateral Agent; (v) after an Event of Default has occurred and is continuing, to give written notice to the United States Post Office to effect change(s) of address so that all mail addressed to Issuer Guarantor may be delivered directly to Collateral Agent; and (vi) to do any and all things Collateral Agent determines to be necessary or desirable to perfect Collateral Agent’s security interest in, and Lien on, and other rights and interests in, the Collateral, to preserve and protect the Collateral and to otherwise carry out this Agreement.

Grant of Power. Issuer Each Grantor does hereby severally make, constitute and appoint Collateral Agent (or any officer or agent of Collateral Agent) as Issuersuch Grantor’s true and lawful attorney-in-fact, with full power of substitution, in the name of Issuer such Grantor or in the name of Collateral Agent or otherwise, for the use and benefit of Collateral Agent, but at the joint and several cost and expense of IssuerGrantors, (i) to indorse endorse the name of Issuer such Grantor on any instruments, notes, checks, drafts, money orders, or other media of payment (including payments payable under any policy of insurance on the Collateral) or Collateral that may come into the possession of Collateral Agent or any Affiliate of Collateral Agent in full or part payment of any of the Obligations; (ii) upon the occurrence and during the continuance of any Event of Default, to sign and indorse the name of Issuer such Grantor on any invoice, freight or express xxxx, xxxx of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with any Collateral, and any instrument or document relating thereto or to any of Issuersuch Grantor’s rights therein; (iii) to file financing statements pursuant to the UCC Code and other notices appropriate under applicable law as Collateral Agent deems necessary to perfect, preserve, and protect Collateral Agent’s rights and interests under this Agreement; (iv) after an Event of Default has occurred and is continuing, to obtain the insurance referred to in Section 4.05 10.14 of the Indenture Financing Agreement and indorse any drafts and cancel any insurance so obtained by Collateral Agent; (v) after an Event of Default has occurred and is continuing, to give written notice to the United States Post Office to effect change(s) of address so that all mail addressed to Issuer such Grantor may be delivered directly to Collateral Agent; and (vi) to do any and all things Collateral Agent determines to be necessary or desirable to perfect Collateral Agent’s security interest in, and Lien on, and other rights and interests in, the Collateral, to preserve and protect the Collateral and to otherwise carry out this Agreement.

Grant of Power. Issuer Each Borrower does hereby make, constitute and appoint Collateral Agent Bank (or any officer or agent of Collateral AgentBank) as Issuersuch Borrower’s true and lawful attorney-in-fact, with full power of substitution, in the name of Issuer such Borrower or in the name of Collateral Agent Bank or otherwise, for the use and benefit of Collateral AgentBank, but at the cost and expense of IssuerBorrowers, (i) to indorse the name of Issuer any Borrower on any instruments, notes, checks, drafts, money orders, or other media of payment (including payments payable under any policy of insurance on the Collateral) or Collateral that may come into the possession of Collateral Agent Bank or any Affiliate of Collateral Agent Bank in full or part payment of any of the Obligations; (ii) upon the occurrence and during the continuance of any Event of Default, to sign and indorse the name of Issuer any Borrower on any invoice, freight or express xxxxbxxx, xxxx bxxx of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with any Collateral, and any instrument or document relating thereto or to any of Issuerany Borrower’s rights therein; (iii) to file financing statements pursuant to the UCC Uniform Commercial Code and other notices appropriate under applicable law as Collateral Agent Bank deems necessary to perfect, preserve, and protect Collateral AgentBank’s rights and interests under this Agreement; (iv) after an Event of Default has occurred and is continuing, to obtain the insurance referred to in Section 4.05 10.14 of the Indenture Loan Agreement and indorse any drafts and cancel any insurance so obtained by Collateral AgentBank; (v) after an Event of Default has occurred and is continuing, to give written notice to the United States Post Office to effect change(s) of address so that all mail addressed to Issuer any Borrower may be delivered directly to Collateral AgentBank; and (vi) to do any and all things Collateral Agent determines to be necessary or desirable to perfect Collateral AgentBank’s security interest in, and Lien on, and other rights and interests in, the Collateral, to preserve and protect the Collateral and to otherwise carry out this Agreement.