Common use of Secured Parties Appointed Attorney-in-Fact Clause in Contracts

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. Until the discharge of all Secured Obligations hereunder, each Grantor, Each Grantor hereby irrevocably appoints each the Secured Party Parties as the its attorney-in-fact of such Grantor fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, the Secured Party Grantor or otherwise, at such from time as an Event to time in the discretion of Default has occurred and is continuinga majority of the Secured Parties, to take any action and to execute any instrument which such a majority of the Secured Party Parties may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, upon the occurrence and during the continuation of an Event of Default: