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

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of an Event of Default which is continuing, so as to permit Lender to take any action and to execute any instrument that Lender may deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.

Appears in 5 contracts

Samples: Loan and Security Agreement (SharedLabs, Inc), Subordination Agreement (Glowpoint, Inc.), Security Agreement (MR2 Group, Inc.)

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Lender Appointed Attorney-in-Fact. Each Borrower hereby irrevocably appoints Lender as Borrower’s its attorney-in-fact, with full authority in the place and stead of such Borrower and in the name of such Borrower following the occurrence of or otherwise, at such time as an Event of Default which has occurred and is continuing, so as to permit Lender to take any action and to execute any instrument that which Lender may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including:

Appears in 2 contracts

Samples: Credit and Security Agreement (Charles & Colvard LTD), Credit and Security Agreement (Startek Inc)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s its attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of or otherwise, at such time as an Event of Default which has occurred and is continuing, so as to permit Lender to take any action and to execute any instrument that which Lender may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including:

Appears in 2 contracts

Samples: Credit and Security Agreement (U.S. Well Services, LLC), Credit and Security Agreement (Triangle Petroleum Corp)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints the Lender as Borrower’s attorney-in-fact, with full authority in the place and stead of the Borrower and in the name of Borrower following the Borrower, from time to time upon the occurrence and continuation of an Event of Default which is continuingDefault, so as to permit Lender in the Lender’s discretion to take any action and to execute any instrument that the Lender may deem necessary or advisable to accomplish the purposes purpose of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including:

Appears in 2 contracts

Samples: Loan and Security Agreement (Kansas City Southern), Loan and Security Agreement (Kansas City Southern De Mexico, S.A. De C.V.)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s 's attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following or otherwise, from time to time in Lender's discretion at any time after the occurrence of an ongoing Event of Default which is continuingDefault, so as to permit Lender to take any action and to execute any instrument that which Lender may deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.without limitation:

Appears in 1 contract

Samples: Security Agreement (Decorize Inc)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s 's attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of an Event of Default which is continuingBorrower, so as to permit Lender to take any action and to execute any instrument that which Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including but not limited to continuing perfection of Lender’s security interest.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Associated Business & Commerce Insurance Corp)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s its attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of or otherwise, at such time as an Event of Default which has occurred and is continuingcontinuing hereunder, so as to permit Lender to take any action and to execute any instrument that which Lender may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including, without limitation:

Appears in 1 contract

Samples: Loan and Security Agreement (Secure Alliance Holdings Corp)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following or otherwise, from time to time in Lender’s discretion at any time after the occurrence of an Event of Default which is continuing(as defined in Section 12), so as to permit Lender to take any action and to execute any instrument that which Lender may deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (United Development Funding III, LP)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender, or any person or agent as Lender may designate as such, Borrower’s attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of an Event of Default which is continuingBorrower, so as Lender or otherwise, from time to permit Lender time in Lender’s discretion to take any action and to execute any instrument that Lender may in its good faith sole discretion deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.following:

Appears in 1 contract

Samples: Security Agreement (Dyax Corp)

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Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s 's attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of an Event of Default which is continuingBorrower, so as Lender or otherwise, from time to permit Lender time in Lender's discretion to take any action and to execute any instrument that Lender may deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Dove Entertainment Inc)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints the Lender as Borrower’s 's attorney-in-fact, coupled with an interest, with full authority in the place and stead of Borrower and in the name of Borrower following or otherwise, from time to time in the occurrence of an Event of Default which is continuingLender's discretion, so as to permit Lender to take any action and to execute any instrument that which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including but not limited to continuing perfection of Lender’s security interest.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Integrated Healthcare Holdings Inc)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s ' s attorney-in-fact, with full authority in the place and stead of Borrower and in the name of Borrower following the occurrence of an Event of Default which is continuingBorrower, so as Lender or otherwise, from time to permit Lender time in Lender's discretion to take any action and to execute any instrument that Lender may deem necessary or advisable to accomplish the purposes of this Agreement, including but not limited to continuing perfection of Lender’s security interest.without limitation:

Appears in 1 contract

Samples: Pledge Agreement (Viewcast Com Inc)

Lender Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Lender as Borrower’s attorney-in-fact, with full authority in the place name, place, and stead of Borrower and in the name of Borrower following Borrower, effective upon the occurrence and during the continuance of an Event of Default which is continuingDefault, so as to permit Lender to take any action and to execute any instrument that document which Lender may deem deem, in its discretion, necessary or advisable to accomplish enable Lender to protect its interests in the purposes of Collateral and to exercise and enforce its rights and remedies under this Agreement, including but not limited to continuing perfection of Lender’s security interestSection 2 or Section 5.2.

Appears in 1 contract

Samples: Form of Loan and Security Agreement (C-Bond Systems, Inc)

Lender Appointed Attorney-in-Fact. Each Borrower hereby irrevocably appoints Lender as such Borrower’s 's attorney-in-fact, with full authority in the name, place and stead of such Borrower and or otherwise, from time to time in the name of Borrower following the occurrence of an Event of Default which is continuingLender's reasonable discretion, so as to permit Lender to take any action and to execute any instrument that which Lender may deem reasonably necessary or advisable to accomplish the purposes of this Security Agreement, including but not limited to continuing perfection of Lender’s security interest.. This authority includes the following:

Appears in 1 contract

Samples: Security Agreement (Homegold Financial Inc)

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