Common use of Power to Obtain Financing and to Charge Clause in Contracts

Power to Obtain Financing and to Charge. Where any monies are due and secured by this Assignment, they will be deemed to be so due and secured regardless of: (a) any legal limitation, incapacity or otherwise of the Customer in respect of the financing of the Facilities which might be a defence as between the Customer and the Bank; (b) the Assignor’s power to enter into this Assignment; or (c) any legal limitation in the power of any director, attorney, partner, agent or other person purporting to act or acting on behalf of the Customer and/or the Assignor or any other irregularity in such borrowing or financing or incurring of such liabilities.

Power to Obtain Financing and to Charge. Where any monies are due owing and secured by this AssignmentAgreement and the Security Documents, they will be deemed to be so due owing and secured regardless of: (a) any legal limitation, incapacity or otherwise of the Customer in respect of the financing of the Facilities Facility which might be a defence as between the Customer and the Bank; (b) the AssignorCustomer’s power to enter into this AssignmentAgreement; or (c) any legal limitation in the power of any director, attorney, partner, agent or other person purporting to act or acting on behalf of the Customer and/or the Assignor or any other irregularity in such borrowing or borrowing, financing or incurring of such liabilities.

Power to Obtain Financing and to Charge. Where any monies are due and secured by this Assignment, they will be deemed to be so due and secured regardless of: (a) : any legal limitation, incapacity or otherwise of the Customer in respect of the financing of the Facilities which might be a defence as between the Customer and the Bank; (b) ; the Assignor’s power to enter into this Assignment; or (c) or any legal limitation in the power of any director, attorney, partner, agent or other person purporting to act or acting on behalf of the Customer and/or the Assignor or any other irregularity in such borrowing or borrowing, financing or incurring of such liabilities.

Power to Obtain Financing and to Charge. Where any monies are due and secured by this AssignmentAgreement and/or the Security Documents, they will be deemed to be so due owing and secured regardless of: (a) any legal limitation, incapacity or otherwise of the Customer in respect of the financing of the Facilities Facility which might be a defence as between the Customer and the Bank; (b) the AssignorCustomer’s power to enter into this AssignmentAgreement; or (c) any legal limitation in the power of any director, attorney, partner, agent or other person purporting to act or acting on behalf of the Customer and/or the Assignor or any other irregularity in such borrowing or borrowing, financing or incurring of such liabilities.