Common use of Lender Appointed Attorney-in-Fact Clause in Contracts

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including: (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which the Lender may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.

Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the Grantor’s attorney-in-fact, coupled with an interest, with full authority in the place and stead of such the Grantor and in the name of such the Grantor or otherwise, from time to time subsequent to the occurrence and continuation of an Event of Default, in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which that the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including: , without limitation (a) to askask for, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; , (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which that the Lender may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and , (c) to do all acts and things which the Lender deems necessary to protect, preserve or realize upon the Collateral and the Lender’s security interest therein, in order to effect the intent of this Agreement, all as fully and effectively as the Grantor might do and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledgespromptly execute and deliver all further instruments and documents, consents and agrees that the power of attorney granted pursuant to this take all further action as contemplated by Section is irrevocable and coupled with an interest6 hereof.

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including: (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above;; and (c) to file any claims or take any action or institute any proceedings which the Lender may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.

Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the Grantor’s attorney-in-fact, coupled with an interest, with full authority in the place and stead of such the Grantor and in the name of such the Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which that the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including: including to (a) to askask for, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; , (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which that the Lender may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and , (c) do all acts and things which the Lender deems necessary to protect, preserve or realize upon the Collateral and the Lender’s security interest therein, in order to effect the intent of this Agreement, all as fully and effectively as the Grantor might do and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledgespromptly execute and deliver all further instruments and documents, consents and agrees that the power of attorney granted pursuant to this take all further action as contemplated by Section is irrevocable and coupled with an interest6.

Lender Appointed Attorney-in-Fact. Each Grantor The Pledgor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor the Pledgor and in the name of such Grantor the Pledgor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Defaulta Specified Event, to take any action and to execute any instrument which the Lender may deem reasonably necessary or advisable to accomplish the purposes of this Security Pledge Agreement, including:, (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other Instrumentsinstruments, Documents documents and Chattel Paperchattel paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which the Lender may deem reasonably necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor hereunderthe Pledgor. Each Grantor The Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including: including (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; , (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above; , (c) to file any claims or take any action or institute any proceedings which the Lender may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and , and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledgesGRANTOR HEREBY ACKNOWLEDGES, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interestCONSENTS AND AGREES THAT THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS SECTION 5.1 IS IRREVOCABLE AND COUPLED WITH AN INTEREST AND SHALL BE EFFECTIVE UNTIL THE TERMINATION DATE.

Lender Appointed Attorney-in-Fact. Each Grantor Pledgor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor Pledgor and in the name of such Grantor Pledgor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Defaulta Specified Event, to take any action and to execute any instrument which the Lender may deem reasonably necessary or advisable to accomplish the purposes of this Security Pledge Agreement, including: (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other Instrumentsinstruments, Documents documents and Chattel Paperchattel paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which the Lender may deem reasonably necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Lender with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor each Pledgor hereunder. Each Grantor Pledgor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.