Powers and Duties of Assignee. Assignee may compromise claims, complete or reject Assignor’s executory contracts, and discharge, at its option, any liens on the assets covered by this Assignment and any indebtedness that, under law, is entitled to priority of payment. Assignee shall have the power to open bank accounts in the name of Assignee or its nominees and deposit assigned assets or proceeds thereof in such bank accounts and draw checks thereon, borrow money, hypothecate and pledge the assets, and to do all matters and things that Assignor could have done prior to this Assignment. Assignee shall have the power to employ auctioneers, attorneys, accountants and any other additional personnel to whatever extent may be necessary to administer the Assignment Estate and to assist in the preparation and filing of any and all state, county, local or Federal tax returns as required. Any act or thing done by Assignee hereunder shall bind the Assignment Estate and Assignee only in its capacity as Assignee for the benefit of creditors. Assignee shall have the right to xxx as the successor of Assignor or Assignee is hereby given the right and power to institute and prosecute legal proceedings in the name of Assignor, the same as if the Assignor itself had instituted and prosecuted such proceedings or actions. Assignee is hereby authorized and has the right to defend all actions instituted against the Assignor and to appear on behalf of the Assignor in all proceedings (legal or otherwise) in which Assignor is a party. Assignor does hereby appoint Assignee as Assignor’s attorney-in-fact, with full power to act for and in the place of Assignor in such actions or proceedings or in any other matters, including the right to verify, on behalf of Assignor, and with respect to all documents of any nature whatsoever, including all pleadings, which are part of any legal proceedings. Assignor does hereby grant to Assignee the right to act for, and in the place of, Assignor in any type of proceeding under title 11 of the United States Code, Sections 101 et seq. (the “Bankruptcy Code”), including the right to defend any petitions or actions filed against Assignor under the Bankruptcy Code.
Powers and Duties of Assignee. Assignee shall have all powers necessary to marshal and liquidate the estate including but not limited to:
Powers and Duties of Assignee. The Assignee, in all instances in the exercise of his reasonable discretion, shall have the following powers and duties:
Powers and Duties of Assignee. Assignee shall have all powers under law necessary to marshal and liquidate the Assigned Assets, including, without limitation, the following, in each case at the sole cost and expense of the Assignment Estate:
Powers and Duties of Assignee. Assignee may compromise claims, complete or reject Assignor’s executory contracts, and discharge, at its option, any liens on the assets covered by this Assignment and any indebtedness that, under law, is entitled to priority of payment. Assignee shall have the power to open bank accounts in the name of Assignee or its nominees and deposit assigned assets or proceeds thereof in such bank accounts and draw checks thereon, borrow Assignee, accountants to the Assignee, and any other professionals the Assignee deems necessary to properly administer the Assignment Estate.
Powers and Duties of Assignee. Assignee shall have all powers under law necessary to marshal and liquidate the Sweetwater Assignment Estate, including, without limitation:
Powers and Duties of Assignee. 7.1 Assignee agrees to provide services that are customary for assignments for the benefit of creditors, including, but not limited to (i) contacting applicable tax authorities to close accounts and withdraw from jurisdictions, (ii) managing the preparation of final corporate and other tax returns, as applicable, (iii) assisting with the wind down and closure of the Assignor’s 401(k) Plan, if any, (iv) selling assets, (v) managing communications to creditors, former employees, stockholders and others, (vi) compiling and reviewing creditor claims, (vii) distributing the proceeds of asset sales to creditors, including writing and signing checks when appropriate, and incurring and paying necessary operating costs, if applicable, and (viii) managing the dissolution of Avni Networks, Inc. when appropriate.
Powers and Duties of Assignee. Assignee shall have all powers under law necessary to marshal and liquidate the Revelar BT Assignment Estate, including, without limitation:
Powers and Duties of Assignee. Assignee shall have all powers under law necessary to marshal and liquidate the LHIM Atlanta Assignment Estate, including, without limitation:
