Pledgees Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the Pledgee), the Pledgor hereby appoints the Pledgee as the Pledgor’ attorney-in-fact, with full authority in the place and stead of, and in the name of, the Pledgor or otherwise, from time to time in the Pledgee's discretion to take any action and to execute any instrument which the Pledgee may deem necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.
(b) Each Pledgor authorizes the Pledgee, and do hereby make, constitute and appoint the Pledgee and its respective officers, agents, successors or assigns with full power of substitution, as the Pledgor’ true and lawful attorney-in-fact, with power, , to, after the occurrence and during the continuance of an Event of Default, (i) endorse any checks, drafts, money orders or other instruments of payment (including payments payable under or in respect of any policy of insurance) in respect of the Pledged Collateral that may come into possession of the Pledgee; (ii) to sign and endorse any financing statement pursuant to the UCC or any invoice, freight or express xxxx, xxxx of lading, storage or warehouse receipts, drafts against Pledgor, assignments, verifications and notices in connection with accounts, and other documents relating to the Pledged Collateral; (iii) to pay or discharge taxes, liens, security interests or other encumbrances at any time levied or placed on or threatened against the Pledged Collateral; (iv) to demand, collect, receipt for, compromise, settle and xxx for monies due in respect of the Pledged Collateral; (v) generally, to do, at the option of the Pledgee, and at the expense of the Pledgor, severally and jointly, at any time, or from time to time, all acts and things which the Pledgee deem necessary to protect, preserve and realize upon the Pledged Collateral and the Security Interest granted herein in order to effect the intent of this Agreement all as fully and effectually as the Pledgor might or could do; and (vi) in the event of the bankruptcy of any Pledgor, to appoint a receiver or equivalent person to xxxxxxxx such Pledgor’s assets, and such Pledgor hereby ratifies all that said attorney shall lawful...
Pledgees Appointed Attorney-in-Fact. The Pledgor hereby appoints the Pledgees the Pledgor's attorney-in-fact (any proxy with full power of substitution to vote and otherwise act following an Event of Default) for the purpose of carrying out the provisions of this Pledge Agreement and, upon the occurrence of any Event of Default, taking any action and executing any instrument which the Pledgees may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, upon an Event of Default, the Pledgees shall have the right and power to receive, endorse and collect all checks and other orders for the payment of money made payable to the Pledgor representing any dividend, interest payment or other distribution payable or distributable in respect of the Pledged Collateral or any part thereof and to settle or compromise any claims relating thereto and to give full discharge for the same.
Pledgees Appointed Attorney-in-Fact. During the continuation of a Default, the Pledgor hereby appoints the Pledgee as the Pledgor's attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that Pledgee may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Pledgee shall have the right and power to receive, endorse and collect all checks and other orders for the payment or other distribution payable or distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.
Pledgees Appointed Attorney-in-Fact. Upon the occurrence of an Event of Default and only as long as such Event of Default shall be continuing, and subject to the rights of SouthTrust Bank in the Pledged Collateral, Pledgor hereby appoints each Pledgee as Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in either Pledgee's discretion to take any action and to execute any instrument which either Pledgee may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to Pledgor representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. Each Pledgee may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Pledged Collateral as and when either Pledgee may determine. To facilitate collection, and subject to the rights of SouthTrust Bank in the Pledged Collateral, either Pledgee may notify account debtors and obligors on any Pledged Collateral to make payments directly to Pledgees.
Pledgees Appointed Attorney-in-Fact. The Pledgor hereby appoints the Pledgees and any of their delegates or sub-delegates to be its attorney-in-fact irrevocably coupled with an interest, with the detailed power of delegation duly executed, with full authority, in the name of the Pledgor or otherwise, after the occurrence and during the continuation of a default under the Loan Agreement to take any action and to execute any instrument which such Pledgees may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same and to arrange for the transfer of all or any part of the Pledged Collateral on the books of the Subsidiary to the name of the Pledgee or such Pledgee’s nominee.
Pledgees Appointed Attorney-in-Fact. Pledgor hereby irrevocably appoints Pledgees as Pledgor's attorney-in-fact (coupled with an interest) to (a) prior to or after the occurrence of an Event of Default, execute, deliver and file financing statements covering the Collateral; and (b) upon the occurrence of an Event of Default and during the continuance of such Event of Default, in either or both its own name or as "attorney-in-fact for Pledgor" and without prior notice to and prior demand on Pledgor, perform (but Pledgees shall not be obligated to and shall incur no liability to Pledgor and any third party for failure to do so) any act which Pledgor is obligated by this Agreement to perform and any other acts which the Pledgees deem appropriate to perfect and continue the security interests in the Collateral, unless such action is prohibited by the Subordination Agreement.
Pledgees Appointed Attorney-in-Fact. The Pledgor hereby appoints the Pledgees and the Collateral Agent, acting either individually or jointly, as the Pledgor's attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument which they may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, both the Pledgees and the Collateral Agent, acting either individually or jointly, shall have the right and power to receive, endorse and correct all checks, drafts and other orders for the payment of money made payable to the Pledgor representing any interest payment or other distribution payable or distributable in respect of the Pledged Property or any part thereof and to give full discharge for the same.
Pledgees Appointed Attorney-in-Fact. The Pledgor hereby appoints the Pledgees the Pledgor's attorney-in- fact for the purpose of carrying out the provisions of this Pledge Agreement and, upon the occurrence of any Event of Default, taking any action and executing any instrument which the Pledgees may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, upon an Event of Default, the Pledgees shall have the right and power to receive, endorse and collect all checks and other orders for the payment of money made payable to the Pledgor representing any dividend, interest payment or other distribution payable or distributable in respect of the Pledged Collateral or any part thereof and to settle or compromise any claims relating thereto and to give full discharge for the same.
Pledgees Appointed Attorney-in-Fact. Pledgor hereby irrevocably appoints the Pledgees as his attorney in fact, with full authority in the place and stead of Pledgor, and in his xxxx or otherwise, from time to time in the Pledgees' reasonable discretion to take any action and to execute any instrument which the Pledgees may deem necessary or advisable to accomplish the purposes of this Stock Pledge and Security Agreement as permitted in Article IV, including, without limitation:
(a) to take any and all action permitted under Article IV of this Stock Pledge and Security Agreement; and
(b) to exercise any and all rights of a shareholder of the Company, and otherwise to exercise ownership interest in the Shares, with or without stock powers.
Pledgees Appointed Attorney-in-Fact. Each of the Pledgors hereby appoints each of Yashiro Co. and Bueno, the Pledgors' attorney-in-fact, each with full authority in the place and stead of the Pledgors and in the name of the Pledgors or otherwise, from time to time in their discretion to take any action and to execute any instrument which the Pledgees may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgors under Section 6 hereof) including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgors representing any dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.
