Common use of Purposes of appointment Clause in Contracts

Purposes of appointment. The Attorney may, in its name or in the name of the Grantor, Secured Party or Receiver do any of the following: (a) do any thing which ought to be done by the Grantor under this deed or any other Finance Document; (b) exercise any right, power, authority, discretion or remedy of the Grantor under: (1) this deed; (2) any other Finance Document; or (3) any agreement forming part of the Mortgaged Property; (c) do any thing which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient for securing or perfecting the Mortgage and any Collateral Security; (d) execute in favour of the Secured Party any legal mortgage, transfer, assignment and any other assurance of any of the Mortgaged Property; (e) execute deeds of assignment, composition or release; (f) do all things necessary to enable a transfer to be registered in favour of the Secured Party, its nominee or any other person as the Secured Party directs and deliver any Title Documents as the Secured Party directs; (g) sell or otherwise part with the possession of any of the Mortgaged Property; and (h) generally, do any other thing, whether or not of the same kind as those set out in clause 9.2(a) to 9.2(g), which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient: (1) to more satisfactorily secure to the Secured Party the payment of the Secured Moneys; or (2) in relation to any of the Mortgaged Property.

Purposes of appointment. The Attorney may, in its name or in the name of the Grantor, Secured Party or Receiver Receiver, at any time after the occurrence of an Event of Default and while it subsists do any of the following: (a) do any thing which ought to be done by the Grantor under this deed or any other Finance Documentdocument; (b) exercise any right, power, authority, discretion or remedy of the Grantor under: (1i) this deed; (2) any other Finance Documentdocument; or (3ii) any agreement forming part of the Mortgaged Secured Property; (c) do any thing anything which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient for securing or perfecting the Mortgage and any Collateral SecuritySecurity Interest created under this document; (d) execute in favour of the Secured Party any legal mortgage, transfer, assignment and any other assurance of any of the Mortgaged Secured Property; (e) execute deeds of assignment, composition or release; (f) do all things necessary to enable a transfer to be registered in favour of the Secured Party, its nominee or any other person as the Secured Party directs and deliver any Title Documents as the Secured Party directs; (g) sell or otherwise part with the possession of any of the Mortgaged Secured Property; (g) exercise any Rights and voting rights in respect of the Relevant Securities, and direct payment of all Proceeds in accordance with this document; and (h) generally, do any other thing, whether or not of the same kind as those set out in clause Clause 9.2(a) to 9.2(g), which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient: (1i) to more satisfactorily secure to the Secured Party the payment of the Secured Moneys; or (2ii) in relation to any of the Mortgaged Secured Property.