Common use of Irrevocability; Lender's Discretion Clause in Contracts

Irrevocability; Lender's Discretion. Borrower covenants and agrees that any action described in Section 8.1 may be taken at Lender's sole and absolute discretion, acting in good faith, at any time and from time to time, and (unless stated specifically to the contrary in Section 8.1 with respect to any power) whether prior or subsequent to an Event of Default, and Borrower hereby ratifies and confirms at actions so taken. Borrower further covenants and agrees that the power of attorney granted by Section 8.1 are coupled with an interest and shall be irrevocable until full and final payment and performance of the Loans and all other Obligations under this Agreement and the Relevant Documents; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.

Irrevocability; Lender's Discretion. Borrower Each Grantor, jointly and severally, covenants and agrees that any action described in Section 8.1 section 5.1 may be taken at Lender's sole and absolute discretion, acting in good faith, at any time and from time to time, and (unless except as may be stated specifically to the contrary in Section 8.1 section 5.1 with respect to any power) whether prior or subsequent to an Event of Default, and Borrower each Grantor hereby ratifies and confirms at all actions so taken. Borrower Each Grantor, jointly and severally, further covenants and agrees that the power powers of attorney granted by Section 8.1 section 5.1 are coupled with an interest and shall be irrevocable until full and final payment and performance of the Loans Obligations and all other Obligations under this Agreement and until the Relevant DocumentsRevolving Line of Credit is no longer in effect; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.

Irrevocability; Lender's Discretion. Borrower Each Grantor, jointly and severally, covenants and agrees that any action described in Section 8.1 section 4.1 may be taken at Lender's sole and absolute discretion, acting in good faith, at any time and from time to time, and (unless except as may be stated specifically to the contrary in Section 8.1 section 4.1 with respect to any power) whether prior or subsequent to an Event of Default, and Borrower each Grantor hereby ratifies and confirms at all actions so taken. Borrower Each Grantor, jointly and severally, further covenants and agrees that the power powers of attorney granted by Section 8.1 section 4 are coupled with an interest and shall be irrevocable until full and final payment and performance of the Loans Obligations and all other Obligations under this Agreement and until the Relevant DocumentsRevolving Line of Credit is no longer in effect; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.

Irrevocability; Lender's Discretion. Borrower covenants and agrees that any action described in Section 8.1 10.1 hereof may be taken at Lender's sole and absolute discretion, acting in good faith, at any time and from time to time, and (unless except as may be stated specifically to the contrary in Section 8.1 10.1 hereof with respect to any power) whether prior or subsequent to an Event of Default, and Borrower hereby ratifies and confirms at all actions so taken. Borrower further covenants and agrees that the power powers of attorney granted by Section 8.1 10.1 hereof are coupled with an interest and shall be irrevocable until full and final payment and performance of the Loans Obligations and all other Obligations under this Agreement and until the Relevant DocumentsLine of Credit in no longer in effect; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.

Irrevocability; Lender's Discretion. Borrower covenants and agrees that any action described in Section 8.1 7.1 may be taken at Lender's sole and absolute reasonable discretion, acting in good faith, at any time and from time to time, and (unless stated specifically to the contrary in Section 8.1 7.1 with respect to any power) whether prior or subsequent to an Event of Default, and Borrower hereby ratifies and confirms at all actions so taken. Borrower further covenants and agrees that the power powers of attorney granted by Section 8.1 7.1 are coupled with an interest and shall be irrevocable until full and final payment and performance of the Loans and all other Obligations under this Agreement and the Relevant DocumentsDocuments and termination of Lender's lending commitment hereunder; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.

Irrevocability; Lender's Discretion. Borrower covenants and agrees that any action described in Section 8.1 7.1 may be taken at Lender's sole sole, absolute and absolute reasonable discretion, acting in good faith, at any time and from time to time, and (unless stated specifically to the contrary in Section 8.1 7.1 with respect to any power) whether prior or subsequent to an Event of Default, and Borrower hereby ratifies and confirms at all actions so taken. Borrower further covenants and agrees that the power powers of attorney granted by Section 8.1 7.1 are coupled with an interest and shall be irrevocable until full and final payment and performance of the Revolving Loans and all other Obligations under this Agreement and the Relevant Documents; that said powers are granted solely for the protection of Lender's interest and Lender shall have no duty to exercise any thereof; that the decision whether to exercise any of such powers, and the manner of exercise, shall be solely within Lender's discretion; and that neither Lender nor any of its directors, officers, employees or agents shall be liable for any act of omission or commission, or for any mistake or error of judgment, in connection with any such powers.