Common use of Other Assurances; Power of Attorney Clause in Contracts

Other Assurances; Power of Attorney. On request by the Credit Union, the Obligor shall (a) provide the Credit Union with details of all goods to which provisions of the PPSA or regulations or orders under the PPSA regarding serial numbers apply, (b) mark or take other steps to identify the Collateral as being subject to the liens created by this Agreement, and (c) execute, acknowledge and deliver all financing statements, certificates, further assignments, documents, transfers, stock transfer powers, proxies, instruments, security documents, acknowledgments and assurances and do all further acts and things as the Credit Union may consider necessary or desirable to give effect to the intent of this Agreement (including providing the Credit Union with a fixed and specific mortgage and charge and a perfected security interest in all freehold and leasehold real property, all patents, trademarks and other intellectual property and all aircraft, ships and railway rolling stock in which the Obligor now or in the future holds an interest), or for the collection, disposition, realization or enforcement of the Collateral or the liens created by this Agreement. The Obligor constitutes and appoints the Credit Union its true and lawful attorney, with full power of substitution, to do any of the foregoing or any other things that the Obligor has agreed to do in this Agreement, whenever and wherever the Credit Union may consider it to be necessary or desirable, and to use the Obligor’s name in the exercise of the Credit Union’s rights under this Agreement. This power of attorney is coupled with an interest and is irrevocable by the Obligor.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement, Security Agreement

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Other Assurances; Power of Attorney. On request by the Credit UnionLender, the Obligor shall (a) provide the Credit Union Lender with details of all goods to which provisions of the PPSA or regulations or orders under the PPSA regarding serial numbers apply, (b) mark xxxx or take other steps to identify the Collateral as being subject to the liens created by this Agreement, and (c) execute, acknowledge and deliver all financing statements, certificates, further assignments, documents, transfers, stock transfer powers, proxies, instruments, security documents, acknowledgments and assurances and do all further acts and things as the Credit Union Lender may consider necessary or desirable to give effect to the intent of this Agreement (including providing the Credit Union Lender with a fixed and specific mortgage and charge and a perfected security interest in all freehold and leasehold real property, all patents, trademarks and other intellectual property and all aircraft, ships and railway rolling stock in which the Obligor now or in the future holds an interest), or for the collection, disposition, realization or enforcement of the Collateral or the liens created by this Agreement. The Obligor constitutes and appoints the Credit Union Lender its true and lawful attorney, with full power of substitution, to do any of the foregoing or any other things that the Obligor has agreed to do in this Agreement, whenever and wherever the Credit Union Lender may consider it to be necessary or desirable, and to use the Obligor’s name in the exercise of the Credit UnionLender’s rights under this Agreement. This power of attorney is coupled with an interest and is irrevocable by the Obligor.

Appears in 2 contracts

Samples: General Security Agreement (Yappn Corp.), General Security Agreement (Yappn Corp.)

Other Assurances; Power of Attorney. On request by the Credit Union, the Obligor shall (a) provide the Credit Union with details of all goods to which provisions of the PPSA or regulations or orders under the PPSA regarding serial numbers apply, (b) mark or take other steps s teps to identify the Collateral as being subject to the liens created by this Agreement, and (c) execute, acknowledge and deliver all financing statements, certificates, further assignments, documents, transfers, stock transfer powers, proxies, instruments, security documents, acknowledgments and assurances and do all further acts and things as the Credit Union may consider necessary or desirable to give effect to the intent of this Agreement (including providing the Credit Union with a fixed and specific mortgage and charge and a perfected security interest in all freehold and leasehold real property, all patents, trademarks and other intellectual property and all aircraft, ships and railway rolling stock in which the Obligor now or in the future holds an interest), or for the collection, disposition, realization or enforcement of the Collateral or the liens created by this Agreement. The Obligor constitutes and appoints the Credit Union its true and lawful attorney, with full power of substitution, to do any of the foregoing or any other things that the Obligor has agreed to do in this Agreement, whenever and wherever the Credit Union may consider it to be necessary or desirable, and to use the Obligor’s 's name in the exercise of the Credit Union’s 's rights under this Agreement. This power of attorney is coupled with an interest and is irrevocable by the Obligor.

Appears in 1 contract

Samples: General Security Agreement

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Other Assurances; Power of Attorney. On request by the Credit Union, the Obligor shall (a) provide the Credit Union with details of all goods to which provisions of the PPSA or regulations or orders under the PPSA regarding serial numbers apply, (b) mark or take other steps to identify the Collateral as being subject to the liens created by this Agreement, and (c) execute, acknowledge and deliver all financing statements, certificates, further assignments, documents, transfers, stock transfer powers, proxies, instruments, security documents, acknowledgments and assurances and do all further acts and things as the Credit Union may consider necessary or desirable to give effect to the intent of this Agreement (including providing the Credit Union with a fixed and specific mortgage and charge and a perfected security interest in all freehold and leasehold real property, all patents, trademarks and other intellectual property and all aircraft, ships and railway rolling stock in which the Obligor now or in the future holds an interest), or for the collection, disposition, realization or enforcement of the Collateral or the liens created by this Agreement. The Obligor constitutes and appoints the Credit Union its true and lawful attorney, with full power of substitution, to do any of the foregoing or any other things that the Obligor has agreed to do in this Agreement, whenever and wherever the Credit Union may consider it to be necessary or desirable, and to use the Obligor’s 's name in the exercise of the Credit Union’s 's rights under this Agreement. This power of attorney is coupled with an interest and is irrevocable by the Obligor.

Appears in 1 contract

Samples: Security Agreement

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