Common use of Power to Execute Documents Clause in Contracts

Power to Execute Documents. Upon and during the occurrence of an -------------------------- Event of Default, and so long as any Obligations remain outstanding, Debtor hereby irrevocably (this power being coupled with an interest) appoints, constitutes and names Bank, or any of its attorneys or agents, the true and lawful attorney for Debtor, with full power of substitution, to do any or all of the following at any time (but this grant of authority shall not negate any other grant of authority under this Agreement which may authorize other actions, or similar actions under other circumstances, and Debtor shall not take any actions to contest or reverse or negate Bank's actions hereunder): (a) to receive mail at Bank's designated address and open the same, endorse, sign and deliver, in the name of Debtor, or in Bank's name, all checks, drafts, money orders and other instruments, for the payment of moneys which are payable to Debtor; (b) to sign the name of Debtor, and to receive for Debtor, on any schedules, assignments, instruments, documents and Uniform Commercial Code financing, amending or continuation statements which Debtor is obligated to give Bank hereunder or any invoice, warehouse receipt, xxxx of lading or other Document, Instrument or Chattel Paper, or any Accounts, statements therefor, drafts against obligors or drawn or to be drawn under any letters of credit, notices to obligors, certificates or other documents to be delivered or presented under letters of credit or schedules or assignments of Accounts; and (c) to take or bring at the Debtor's expense, in the name of Debtor, or Bank, all steps, actions and suits that Bank considers necessary or desirable to effect collections of Accounts, to enforce payment of any Account, to settle, compromise, sell, assign, discharge or release, in whole or in part, any amounts owing on Accounts, to extend the time of payment of any and all Accounts and to make allowances and adjustments with regard to Accounts; and (d) to do such other and further acts and deeds in the name of Debtor that Bank may deem necessary or desirable to enforce the rights of Debtor against third parties with respect to any Collateral.

Power to Execute Documents. Upon and during the occurrence of an -------------------------- Event of Default, and so long as any Obligations remain outstanding, Debtor Each Borrower hereby irrevocably (this power being coupled with an interest) appoints, constitutes and names BankLender, or any of its attorneys or agents, the true and lawful attorney for Debtorsuch Borrower, with full power of substitution, to do any or all of the following at any time after the occurrence of an Event of Default (but this grant of authority shall not negate any other grant of authority under this Agreement which may authorize other actions, or similar actions under other circumstances, and Debtor shall not take any actions to contest or reverse or negate Bank's actions hereunder): (a) to receive mail at Bank's designated address and open the sameTo receive, endorse, sign and deliver, in the name of Debtorthe Borrower, or in BankLender's name, all checks, drafts, money orders and other instruments, for the payment of moneys which are payable to Debtorsuch Borrower; (b) to To sign the name names of Debtorsuch Borrower, and to receive receipt for Debtorsuch Borrower, on any schedules, assignments, instruments, documents and Uniform Commercial Code UCC financing, amending or continuation statements which Debtor such Borrower is obligated to give Bank Lender hereunder or any invoice, warehouse receipt, xxxx of lading or other Document, Instrument or Chattel Paper, or any Accounts, Accounts Receivable, statements therefor, drafts against obligors Obligors or drawn or to be drawn under any letters of credit, notices to obligorsObligors, certificates or other documents to be delivered or presented under letters of credit or schedules or assignments of Accounts; and (c) to To take or bring at the Debtorsuch Borrower's expense, in the name of Debtorsuch Borrower, or BankLender, all steps, actions and suits that Bank Lender considers necessary or desirable to effect collections of Accounts, to enforce payment of any Account, to settle, compromise, sell, assign, discharge or release, in whole or in part, any amounts owing on Accounts, to extend the time of payment of any and all Accounts and to make allowances and adjustments with regard to Accounts; and (d) to To do such other and further acts and deeds in the name of Debtor such Borrower that Bank Lender may deem necessary or desirable to enforce the rights of Debtor such Borrower against third parties with respect to any Collateral.

Power to Execute Documents. Upon and during after the occurrence of an -------------------------- Event of Default, and so long as any Obligations remain outstanding, Debtor hereby irrevocably (this power being coupled with an interest) appoints, constitutes and names Bank, or any of its attorneys or agents, the true and lawful attorney for Debtor, with full power of substitution, to do any or all of the following at any time (but this grant of authority shall not negate any other grant of authority under this Agreement which may authorize other actions, or similar actions under other circumstances, and Debtor shall not take any actions to contest or reverse or negate Bank's actions hereunder): (a) to receive mail at Bank's designated address and open the same, endorse, sign and deliver, in the name of Debtor, or in Bank's name, all checks, drafts, money orders and other instruments, for the payment of moneys which are payable to Debtor; (b) to sign the name of Debtor, and to receive for Debtor, on any schedules, assignments, instruments, documents and Uniform Commercial Code financing, amending or continuation statements which Debtor is obligated to give Bank hereunder or any invoice, warehouse receipt, xxxx of lading or other Document, Instrument or Chattel Paper, or any Accounts, statements therefor, drafts against obligors or drawn or to be drawn under any letters of credit, notices to obligors, certificates or other documents to be delivered or presented under letters of credit or schedules or assignments of Accounts; and and (c) to take or bring at the Debtor's expense, in the name of Debtor, or Bank, all steps, actions and suits that Bank considers necessary or desirable to effect collections of Accounts, to enforce payment of any Account, to settle, compromise, sell, assign, discharge or release, in whole or in part, any amounts owing on Accounts, to extend the time of payment of any and all Accounts and to make allowances and adjustments with regard to Accounts; and and (d) to do such other and further acts and deeds in the name of Debtor that Bank may deem necessary or desirable to enforce the rights of Debtor against third parties with respect to any Collateral.