Non-Funding Default Clause Samples

Non-Funding Default. (a) [Redacted: Commercially Sensitive Information] (b) [Redacted: Commercially Sensitive Information] (c) [Redacted: Commercially Sensitive Information] (i) [Redacted: Commercially Sensitive Information] (ii) Solely for the purposes of the exercise of the rights and enforcement of remedies under this Section 8.4, the Defaulting Shareholder hereby irrevocably constitutes and appoints the Non-Defaulting Shareholder as the true and lawful attorney for the Defaulting Shareholder with full power of substitution in the name of and on behalf of the Defaulting Shareholder, with no restriction or limitation in that regard, to execute and deliver all agreements, documents and instruments which the Defaulting Shareholder failed to execute and deliver or cause to be executed and delivered (the “Required Documents”) in order to effect this Section 8.4. The Defaulting Shareholder hereby agrees not to take any action in the future which results in the termination of this power of attorney. Each of the Shareholders and the Company hereby irrevocably consents to the execution and delivery of any and all Required Documents pursuant to the power of attorney granted in this section. (iii) [Redacted: Commercially Sensitive Information]