Lender’s Appointment as Attorney-in-Fact. Each Borrower hereby irrevocably constitutes and appoints Lender and any officer or agent thereof, with full power of substitution, as its true and lawful attorney‑in‑fact with full irrevocable power and authority in the place and stead of such Borrower, as applicable, and in the name of such Borrower, as applicable, or in its own name, from time to time in Lender’s discretion, for the purpose of carrying out the terms of this Agreement and to take any and all appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, in each case, subject to the terms of this Agreement. Without limiting the generality of the foregoing, Borrowers hereby give Lender the power and right, on behalf of such Borrower Party, as applicable, without assent by, but with notice to, such Borrower, as applicable, if an Event of Default shall have occurred, to do the following:
Appears in 3 contracts
Samples: Loan and Security Agreement (Front Yard Residential Corp), Loan and Security Agreement (Altisource Residential Corp), Loan and Security Agreement (Altisource Residential Corp)
Lender’s Appointment as Attorney-in-Fact. Each (a) Borrower does hereby irrevocably constitutes constitute and appoints appoint Lender and any officer or agent thereof, with full power of substitution, as its true and lawful attorney‑in‑fact attorney-in-fact with full irrevocable power and authority in the place and stead of such Borrower, as applicable, Borrower and in the name of such Borrower, as applicable, or in its own name, if an Event of Default shall have occurred and be continuing, to do the following from time to time in the Lender’s discretion, for the purpose of carrying out the terms of this Agreement and Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, in each caseand, subject to the terms of this Agreement. Without without limiting the generality of the foregoing, Borrowers Borrower hereby give gives the Lender the power and right, on behalf of such Borrower Party, as applicableBorrower, without assent by, but with notice to, such Borrower, as applicable, if an Event of Default shall have occurredoccurred and be continuing, to do the following:
Appears in 2 contracts
Samples: Inventory Loan and Security Agreement (Diamond Resorts Parent, LLC), Contract (Diamond Resorts Parent, LLC)
Lender’s Appointment as Attorney-in-Fact. Each (a) Borrower hereby irrevocably constitutes and appoints Lender and any officer or agent thereof, with full power of substitution, as its true and lawful attorney‑in‑fact attorney-in-fact with full irrevocable power and authority in the place and stead of such Borrower, as applicable, Borrower and in the name of such Borrower, as applicable, Borrower or in its own name, from time to time in Lender’s 's discretion, for the purpose of carrying out the terms of this Agreement and Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, in each casefor the benefit of both Lender and Bank, subject to the terms of this Agreement. Without and, without limiting the generality of the foregoing, Borrowers Borrower hereby give gives Lender (on its own behalf and on behalf of Bank) the power and right, on behalf of such Borrower Party, as applicableBorrower, without assent by, but with notice toto (if permitted by law), such Borrower, as applicable, if an Event of Default shall have occurredoccurred and be continuing, to do the following:
Appears in 1 contract
Samples: Credit Agreement (Capital Trust Inc)
Lender’s Appointment as Attorney-in-Fact. (a) Each Borrower hereby irrevocably constitutes and appoints the Lender and any officer or agent thereof, with full power of substitution, as its true and lawful attorney‑in‑fact attorney-in-fact with full irrevocable power and authority in the place and stead of such Borrower, as applicable, Borrower and in the name of such Borrower, as applicable, Borrower or in its own name, from time to time in the Lender’s 's discretion, for the purpose of carrying out the terms of this Agreement and Loan Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be reasonably necessary necessary, desirable or desirable required to be delivered hereunder to accomplish the purposes of this Agreement, in each case, subject to the terms of this Loan Agreement. Without In addition, without limiting the generality of the foregoing, Borrowers each Borrower hereby give gives the Lender the power and right, on behalf of such Borrower Party, as applicableBorrower, without assent by, but with notice to, such Borrower, as applicablethe Borrowers, if an Event of Default shall have occurredoccurred and be continuing, to do the following:
Appears in 1 contract
Samples: Master Loan and Security Agreement (American Business Financial Services Inc /De/)