Common use of Power of Attorney, Etc Clause in Contracts

Power of Attorney, Etc. The Pledgor hereby irrevocably constitutes and appoints the Bank the true and lawful attorney-in-fact for and on behalf of the Pledgor with full power of substitution and revocation in its own name or in the name of the Pledgor to make, execute, deliver and record any and all financing statements, continuation statements, assignments, proofs of claim, powers of attorney, leases, discharges or other instruments or agreements which the Bank in its sole discretion may deem necessary or advisable to perfect, preserve, enforce or protect the lien granted hereunder and its interest in the Pledged Collateral and to carry out the purposes of this Pledge Agreement, including but without limiting the generality of the foregoing, any and all proofs of claim in bankruptcy or other insolvency proceedings of the Borrower, with the right to collect and apply to the Liabilities all distributions and dividends made on account of the Pledged Collateral. The rights and powers conferred on the Bank by the Pledgor are expressly declared to be coupled with an interest and shall be irrevocable until all the Liabilities are paid and performed in full. A carbon, photographic, or other reproduction of a security agreement (including this Pledge Agreement) or a financing statement is sufficient as a financing statement.

Power of Attorney, Etc. The Pledgor hereby irrevocably constitutes and appoints the Bank Lender the true and lawful attorney-in-fact for and on behalf of the Pledgor with full power of substitution and revocation in its own name or in the name of the Pledgor to make, execute, deliver and record any and all financing statements, continuation statements, . assignments, proofs of claim, powers of attorney, leases, discharges or other instruments or agreements which the Bank Lender in its sole discretion may deem necessary or advisable to perfect, preserve, enforce or protect the lien granted hereunder and its interest in the Pledged Collateral and to carry out the purposes of this Pledge Agreement, including but without limiting the generality of the foregoing, any and all proofs of claim in bankruptcy or other insolvency proceedings of the BorrowerPledgor, with the right to collect and apply to the Liabilities Obligations all distributions and dividends made on account of the Pledged Collateral. The rights and powers conferred on the Bank Lender by the Pledgor are expressly declared to be coupled with an interest and shall be irrevocable until all the Liabilities Obligations are paid and performed in full. A carbon, photographic, or other reproduction of a security agreement (including this Pledge Agreement) or a financing statement is sufficient as a financing statement.

Power of Attorney, Etc. The Pledgor Company hereby irrevocably constitutes and appoints the Bank Issuer the true and lawful attorney-in-fact for and on behalf of the Pledgor Company with full power of substitution and revocation in its own name or in the name of the Pledgor Company to make, execute, deliver and record record, as the case may be, any and all financing statements, continuation statements, notices of exclusive control, assignments, proofs of claim, powers of attorney, leases, discharges or other instruments or agreements which the Bank Issuer in its sole discretion may deem necessary or advisable to perfect, preserve, enforce or protect (and, after the lien occurrence and during the continuance of an Event of Default, to enforce) the Lien granted hereunder and its the Issuer’s interest in the Pledged Collateral and to carry out the purposes of this Pledge Agreement, including but without limiting the generality of the foregoing, any and all proofs of claim in bankruptcy or other insolvency proceedings any proceeding under any Debtor Relief Law of the BorrowerCompany, with the right right, upon the occurrence and during the continuance of an Event of Default, to collect and apply to the Liabilities Obligations all distributions and dividends made on account of the Pledged Collateral. The rights and powers conferred on the Bank Issuer by the Pledgor Company are expressly declared to be coupled with an interest and shall be irrevocable until all the Liabilities Obligations are paid and performed in full. A carbon, photographic, or other reproduction of a security agreement (including this Pledge Agreement) or a financing statement is sufficient as a financing statementstatement to the extent permitted by applicable law.