Common use of POWER OF ATTORNEY AND NOTICES Clause in Contracts

POWER OF ATTORNEY AND NOTICES. (a) Each the Pledgor and the Beneficiary authorises the Pledgee to be its attorney and in its name, on its behalf and as its act and deed to execute, deliver and perfect all documents (including to transfer Shares to an acquirer) and do all things that the Pledgee may consider to be requisite for carrying out any obligation imposed on the Pledgor and/or the Beneficiary under this Agreement or exercising any of the rights conferred on the Pledgee by this Agreement or by law, in particular in connection with a private realisation (Private Verwertung, including, without limitation, self-sale (Selbsteintritt)) provided that as long as no Event of Default has been declared the Pledgee agrees not to take any such step unless the Pledgee would have the right under this Agreement to request the Pledgor and/or the Beneficiary to take such step and the Pledgor and/or the Beneficiary has failed to take such step within 10 Business Days (as defined in the Contract) upon being notified of that failure and being requested to comply.

POWER OF ATTORNEY AND NOTICES. (a) Each of the Pledgor and Pledgor, the Beneficiary and KJJ authorises the Pledgee to be its attorney and in its name, on its behalf and as its act and deed to execute, deliver and perfect all documents (including to transfer Shares to an acquirer) and do all things that the Pledgee may consider to be requisite for carrying out any obligation imposed on the Pledgor and/or the Beneficiary under this Agreement or exercising any of the rights conferred on the Pledgee by this Agreement or by law, in particular in connection with a private realisation (Private Verwertung, including, without limitation, self-sale (Selbsteintritt)) provided that as long as no Event of Default has been declared the Pledgee agrees not to take any such step unless the Pledgee would have the right under this Agreement to request the Pledgor and/or the Beneficiary to take such step and the Pledgor and/or the Beneficiary has failed to take such step within 10 Business Days (as defined in the Contract) upon being notified of that failure and being requested to comply.

POWER OF ATTORNEY AND NOTICES. (a) Each the The Pledgor and the Beneficiary authorises the Pledgee to be its attorney and in its name, on its behalf and as its act and deed to execute, deliver and perfect all documents (including to transfer Shares to an acquirer) and do all things that the Pledgee may consider to be requisite for carrying out any obligation imposed on the Pledgor and/or the Beneficiary under this Agreement or exercising any of the rights conferred on the Pledgee by this Agreement or by law, in particular in connection with a private realisation (Private Verwertung, including, without limitation, self-sale (Selbsteintritt)) provided that as long as no Event of Default has been declared the Pledgee agrees not to take any such step unless the Pledgee would have the right under this Agreement to request the Pledgor and/or the Beneficiary to take such step and the Pledgor and/or the Beneficiary has failed to take such step within 10 Business Days (as defined de- fined in the Contract) upon being notified of that failure and being requested to comply.