Common use of Indenture Trustee Appointed Attorney-In-Fact Clause in Contracts

Indenture Trustee Appointed Attorney-In-Fact. The Pledgor hereby appoints the Indenture Trustee its attorney-in-fact, with full authority, in the name of the Pledgor or otherwise, after the occurrence of an Event of Default, from time to time in the Indenture Trustee's sole discretion, to take any action and to execute any instrument which the Indenture Trustee may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same and to arrange for the transfer of all or any part of the Pledged Collateral on the books of a Direct Subsidiary to the name of the Indenture Trustee or its nominees.

Indenture Trustee Appointed Attorney-In-Fact. The Pledgor hereby appoints the Indenture Trustee its attorney-in-fact, with full authority, in the name of the Pledgor or otherwise, after the occurrence of an Event of Default, from time to time in the Indenture Trustee's sole discretion, to take any action and to execute any instrument which the Indenture Trustee may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same and to arrange for the transfer of all or any part of the Pledged Collateral on the books of a Direct Subsidiary to the name of the Indenture Trustee or its nomineesnominee.