Secured Party Appointed Attorney. In-Fact. ------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary and in the name of the Subsidiary or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Default, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Subsidiary Security Agreement (Ns8 Corp), Subsidiary Security Agreement (Ns8 Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Greenshift Corp), Security Agreement (Bio One Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Debtors hereby appoints appoint the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Debtors and in the name of the Subsidiary Debtors or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize rexxxze on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Charys Holding Co Inc), Securities Purchase Agreement (Charys Holding Co Inc)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Hyperdynamics Corp), Security Agreement (Cirtran Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, acknowledge, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when txx Secured Party may determine. To facilitate collection from and after collection, upon the occurrence of an Event of Default, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Ivoice, Inc /Nj), Security Agreement (Ivoice, Inc /Nj)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when xxx Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Ivoice Com Inc /De), Security Agreement (Ivoice Com Inc /De)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when txx Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Ivoice Com Inc /De), Security Agreement (Ivoice Com Inc /De)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Donobi Inc), Security Agreement (Falcon Natural Gas Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when txx Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Ivoice Com Inc /De), Security Agreement (Ivoice Com Inc /De)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when xxx Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Cord Blood America, Inc.), Security Agreement (Cord Blood America, Inc.)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Cirtran Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Bio One Corp)
Secured Party Appointed Attorney. Inin-Factfact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on xx the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Bsi2000 Inc)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the txx Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Bio One Corp)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- -------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the xxx Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the ox xhe Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- -------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or xx realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or xx realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Connected Media Technologies, Inc.)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ---------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on xx the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Intrepid Technology & Resource Inc)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue xxx for, foreclose, or realize on the Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the ox xhe Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Advanced Communications Technologies Inc)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the xxe Pledged Property as and whxx when the Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Intrepid Technology & Resource Inc)
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when xxe Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Secured Party Appointed Attorney. In-Fact. ------------------------------------------- ----------------------------------------- Upon the occurrence of an Event of Default, the Subsidiary Company hereby appoints the Secured Party as its attorney-in-fact, with full authority in the place and stead of the Subsidiary Company and in the name of the Subsidiary Company or otherwise, from time to time in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Subsidiary Company representing any payments in respect of the Pledged Collateral Property or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Pledged Property as and whxx the when txx Secured Party may determine. To facilitate collection from and after the occurrence of an Event of Defaultcollection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Ivoice, Inc /De)