Lender as Attorney. The Obligor irrevocably appoints the Lender and every manager, officer or duly appointed agent for the time being of the Lender severally the lawful attorney of the Obligor in the Obligor’s name and on the Obligor’s behalf at any time and in such manner as the Lender in its absolute discretion shall think fit, to take all steps and proceedings and to do all acts, matters and things as the Lender shall think proper to: 12.1.1 remedy any default or breach of the terms and provisions of any Related Document by the Obligor; 12.1.2 exercise any of the rights, powers and remedies of the Lender contained in any Related Document; 12.1.3 execute any deed, instrument or document necessary for the Lender to perfect its title to any of the assets charged or intended to be charged by the Security Documents as required for the purpose of this clause; and the Lender as attorney shall have power from time to time to appoint a substitute or substitutes and to remove that substitute or those substitutes at its pleasure and the Obligor agrees to ratify and confirm whatever the Lender or its substitutes may lawfully do or cause to be done by virtue of this clause.
Appears in 4 contracts
Samples: Term Loan Agreement, Term Loan Agreement, Term Loan Agreement
