Secured Parties Appointed Attorney-in-Fact. Each Grantor, on behalf of itself and each New Subsidiary of such Grantor, hereby irrevocably appoints each Secured Party as the attorney-in-fact of such Grantor and each such New Subsidiary. In the event any Grantor or any New Subsidiary fails to execute or deliver in a timely manner any Transaction Document or other agreement, document, certificate or instrument which such Grantor or New Subsidiary now or at any time hereafter is required to execute or deliver pursuant to the terms of the Securities Purchase Agreement or any other Transaction Document, each Secured Party shall have full authority in the place and stead of such Grantor or New Subsidiary, and in the name of such Grantor, such New Subsidiary or otherwise, to execute and deliver each of the foregoing. Without limitation of the foregoing, each Secured Party shall have full authority in the place and stead of each Grantor and each New Subsidiary, and in the name of any such Grantor, any such New Subsidiary or otherwise, at such time as an Event of Default has occurred and is continuing, to take any action and to execute any instrument which such Secured Party may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
Secured Parties Appointed Attorney-in-Fact. Until the discharge of all Secured Obligations hereunder, each Grantor, hereby irrevocably appoints each Secured Party as the attorney-in-fact of such Grantor with full authority in the place and stead of such Grantor and in the name of such Grantor, the Secured Party or otherwise, at such time as an Event of Default has occurred and is continuing, to take any action and to execute any instrument which such Secured Party may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
Secured Parties Appointed Attorney-in-Fact. Without limiting any other provision of this Agreement, upon the occurrence and during the continuance of an Event of Default, the Grantor hereby irrevocably appoints the Secured Parties, as the Grantor's attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time in the Secured Parties discretion, to take any action and to execute any instrument that the Secured Parties may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation:
Secured Parties Appointed Attorney-in-Fact. The Borrower hereby irrevocably appoints each Secured Party as the attorney-in-fact of the Borrower. In the event the Borrower fails to execute or deliver in a timely manner any Transaction Document or other agreement, document, certificate or instrument which the Borrower now or at any time hereafter is required to execute or deliver pursuant to the terms of the Notes or any other Transaction Document, each Secured Party shall have full authority in the place and stead of the Borrower, and in the name of the Borrower, to execute and deliver each of the foregoing. Without limitation of the foregoing, each Secured Party shall have full authority in the place and stead of the Borrower, at such time as an Event of Default has occurred and is continuing, to take any action and to execute any instrument which such Secured Party may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
Secured Parties Appointed Attorney-in-Fact. To the full extent permitted by applicable law, Grantor hereby irrevocably appoints Secured Parties as Grantor’s attorney-in-fact, effective upon and during continuance of an Event of Default, with full authority in the place and stead of Grantor, and in the name of Grantor, or otherwise, from time to time, in Secured Parties’ sole and absolute discretion to do any of the following acts or things: (a) to do all acts and things and to execute all documents necessary or advisable to perfect and continue perfected the security interests created by this Agreement and to preserve, maintain and protect the Collateral; (b) to do any and every act which Grantor is obligated to do under this Agreement; (c) to prepare, sign, file and record, in Grantor’s name, any financing statement covering the Collateral; and (d) to endorse and transfer the Collateral upon foreclosure by Secured Parties; provided, however, that Secured Parties shall be under no obligation whatsoever to take any of the foregoing actions, and Secured Parties shall have no liability or responsibility for any act or omission (other than Secured Parties’ own gross negligence or willful misconduct) taken with respect thereto. Grantor hereby agrees to repay within five business days after demand all reasonable out-of-pocket costs and expenses (including attorneys’ fees) incurred or expended by Secured Parties in exercising any right or taking any action under this Agreement.
Secured Parties Appointed Attorney-in-Fact. Each Pledgor hereby appoints the Secured Parties the Pledgor's attorneys-in-fact with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Secured Parties' sole and absolute discretion to take any action and to execute any instrument which the Secured Parties may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to a Pledgor representing any dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same in accordance with the terms of the Settlement Agreement. Each Pledgor acknowledges that the foregoing grant of power of attorney is coupled with an interest and is irrevocable.
Secured Parties Appointed Attorney-in-Fact. The Company hereby irrevocably appoints the Secured Parties the attorney-in-fact of the Company, with full authority in the place and stead of the Company and in the name of the Company, the Secured Parties or otherwise, from time to time in the Secured Parties' discretion following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Secured Parties may deem necessary or advisable to accomplish the purposes of this Security Agreement, including, without limitation:
Secured Parties Appointed Attorney-in-Fact. Upon the occurrence of an Event of Default, the Company hereby appoints Rxxxxxx X’Xxxxx as its attorney-in-fact, with full authority in the place and stead of the Company and in the name of the Company or otherwise, from time to time in Rxxxxxx X’Xxxxx’x discretion to take any action and to execute any instrument which Rxxxxxx X’Xxxxx may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. Rxxxxxx X’Xxxxx may demand, collect, receipt for, settle, compromise, adjust, sxx for, foreclose, or realize on the Pledged Property as and when Rxxxxxx X’Xxxxx may determine. To facilitate collection, Rxxxxxx X’Xxxxx may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Parties. In the event that Rxxxxxx X’Xxxxx has been repaid in full by the Company under the terms of the Convertible Note issued to Rxxxxxx X’Xxxxx by the Company, the Secured Parties shall be appointed as attorney-in-fact under the terms of this Section 3.1.
Secured Parties Appointed Attorney-in-Fact. Upon the occurrence of any Event of Default, Debtor hereby irrevocably appoints Secured Parties, the attorney-in-fact of Debtor, coupled with an interest and with full authority in the place and stead of Debtor and in the name of Debtor, from time to time in Secured Parties’ discretion, to take any action and to execute any instrument which Secured Parties may deem necessary or advisable to accomplish the purposes of this Agreement, including:
Secured Parties Appointed Attorney-in-Fact. The Pledgor hereby irrevocably constitutes and appoints each of the Secured Parties as the Pledgor's attorney-in-fact, with full power of substitution and full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, after and during the continuation of any Event of Default, to take any action and to execute any instrument which any or all of the Secured Parties may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
