Common use of Secured Party Appointed Attorney Clause in Contracts

Secured Party Appointed Attorney. in-Fact. Grantor hereby irrevocably appoints Secured Party as Grantor's attorney-in-fact, with full authority in the place and stead of Grantor and in the name of Grantor, Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and to execute any instrument that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation: (a) to ask, demand, collect, xxx for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse and collect all instruments made payable to Grantor representing any payment of profits, dividends or any other distribution in respect of any of the Collateral; (c) to file any claims or take any action or institute any proceedings that Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of Secured Party with respect to any of the Collateral; and (d) to do, at Secured Party's option and Grantor's expense, at any time or from time to time, all acts and things that Secured Party deems necessary to protect, preserve or realize upon the Collateral and Secured Party's security interest therein in order to effect the intent of this Agreement, all as fully and effectively as Grantor might do.

Secured Party Appointed Attorney. in-Fact. Grantor Debtor hereby irrevocably appoints Secured Party to serve as GrantorDebtor's attorney-in-factfact (provided, the parties hereto agree that Secured Party may not act as Debtor's attorney-in-fact until the occurrence and during the continuation of an Event of Default), with full authority in the place and stead of Grantor Debtor and in the name of GrantorDebtor, Secured Party or otherwise, from time to time in Secured Party's discretion discretion, to take any action and to execute any instrument that instrument, including without limitation financing statements or amendments thereto, which Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation: (a) to obtain and adjust insurance required to be paid to Secured Party hereunder; (b) to ask, demand, collect, xxx for, recover, compound, receive and give acquittance and receipts for moneys monies due and to become due under or in respect of any of the Collateral; (bc) to receive, endorse endorse, and collect all instruments made payable to Grantor representing any payment of profitsdrafts or other instruments, dividends documents and chattel paper, in connection with subsections (a) or any other distribution in respect of any of the Collateral;(b) above; and (cd) to file any claims or take any action or institute any proceedings that Proceedings which Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of Secured Party with respect to any of the Collateral; and (d) to do, at Secured Party's option and Grantor's expense, at any time or from time to time, all acts and things that Secured Party deems necessary to protect, preserve or realize upon the Collateral and Secured Party's security interest therein in order to effect the intent of this Agreement, all as fully and effectively as Grantor might do.

Secured Party Appointed Attorney. in-Fact. Grantor Each Pledgor hereby irrevocably appoints Secured Party as Grantorsuch Pledgor's attorney-in-fact, with full authority in the place and stead of Grantor such Pledgor and in the name of Grantorsuch Pledgor, Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and to execute any instrument that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation: (a) to file one or more financing or continuation statements, or amendments thereto, relative to all or any part of the Pledged Collateral without the signature of such Pledgor; (b) to ask, demand, collect, xxx for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Pledged Collateral; (bc) to receive, endorse and collect all any instruments made payable to Grantor such Pledgor representing any dividend, principal or interest payment of profits, dividends or any other distribution in respect of the Pledged Collateral or any of part thereof and to give full discharge for the Collateral;same; and (cd) to file any claims or take any action or institute any proceedings that Secured Party may deem necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of Secured Party with respect to any of the Pledged Collateral; and (d) to do, at Secured Party's option and Grantor's expense, at any time or from time to time, all acts and things that Secured Party deems necessary to protect, preserve or realize upon the Collateral and Secured Party's security interest therein in order to effect the intent of this Agreement, all as fully and effectively as Grantor might do.

Secured Party Appointed Attorney. in-Fact. Grantor hereby irrevocably appoints Secured Party as Grantor's attorney-in-fact, with full authority in the place and stead of Grantor and in the name of Grantor, Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and to execute any instrument that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation: (a) to ask, demand, collect, xxx sue for, recover, compound, receive and give acquittance and receipts receixxx for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse and collect all instruments made payable to Grantor representing any payment of profits, dividends dividends, capital proceeds or any other distribution in respect of any of the Collateral; (c) to file any claims or take any action or institute any proceedings that Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of Secured Party with respect to any of the Collateral; and (d) to do, at Secured Party's option and Grantor's expense, at any time or from time to time, all acts and things that Secured Party deems necessary to protect, preserve or realize upon the Collateral and Secured Party's security interest therein in order to effect the intent of this Agreement, all as fully and effectively as Grantor might do.