Common use of Power of Attorney Respecting Bankers’ Acceptances Clause in Contracts

Power of Attorney Respecting Bankers’ Acceptances. In order to facilitate issues of Bankers' Acceptances pursuant to this agreement, the Borrower authorizes each Lender, and for this purpose appoints each Lender its lawful attorney (with full power of substitution), to complete, sign and endorse drafts issued in accordance with section 4.4 on its behalf in handwritten or by facsimile or mechanical signature or otherwise and, once so completed, signed and endorsed, and following acceptance of them as Bankers' Acceptance under this agreement, then purchase, discount or negotiate such Bankers' Acceptances in accordance with the provisions of this ARTICLE 4. Drafts so completed, signed, endorsed and negotiated on behalf of the Borrower by any Lender shall bind the Borrower as fully and effectively as if so performed by an authorized officer of the Borrower.

Power of Attorney Respecting Bankers’ Acceptances. In order to facilitate issues of Bankers' ’ Acceptances pursuant to this agreement, the Borrower authorizes each Lender, and for this purpose appoints each Lender its lawful attorney (with full power of substitution), to complete, sign and endorse drafts issued in accordance with section Section 4.4 on its behalf in handwritten or by facsimile or mechanical signature or otherwise and, once so completed, signed and endorsed, and following acceptance of them as Bankers' ’ Acceptance under this agreement, then purchase, discount or negotiate such Bankers' ’ Acceptances in accordance with the provisions of this ARTICLE Article 4. Drafts so completed, signed, endorsed and negotiated on behalf of the Borrower by any Lender shall bind the Borrower as fully and effectively as if so performed by an authorized officer of the Borrower.

Power of Attorney Respecting Bankers’ Acceptances. In order to facilitate issues of Bankers' ’ Acceptances pursuant to this agreement, the Borrower authorizes each Lender, and for this purpose appoints each Lender its lawful attorney (with full power of substitution), to complete, sign and endorse drafts issued in accordance with section 4.4 on its behalf in handwritten or by facsimile or mechanical signature or otherwise and, once so completed, signed and endorsed, and following acceptance of them as Bankers' ’ Acceptance under this agreement, then purchase, discount or negotiate such Bankers' ’ Acceptances in accordance with the provisions of this ARTICLE Article 4. Drafts so completed, signed, endorsed and negotiated on behalf of the Borrower by any Lender shall bind the Borrower as fully and effectively as if so performed by an authorized officer of the Borrower.

Power of Attorney Respecting Bankers’ Acceptances. In order to facilitate issues of Bankers' Acceptances pursuant to this agreementAgreement, the Borrower authorizes each Lender, and for this purpose appoints each Lender its lawful attorney (with full power of substitution), to complete, sign and endorse drafts issued in accordance with section Section 4.4 on its behalf in handwritten or by facsimile or mechanical signature or otherwise and, once so completed, signed and endorsed, and following acceptance of them as Bankers' Acceptance under this agreementAgreement, then purchase, discount or negotiate such Bankers' Acceptances in accordance with the provisions of this ARTICLE Article 4. Drafts so completed, signed, endorsed and negotiated on behalf of the Borrower by any Lender shall bind the Borrower as fully and effectively as if so performed by an authorized officer of the Borrower.