Common use of Secured Party’s Appointment as Attorney-in-Fact, etc Clause in Contracts

Secured Party’s Appointment as Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and appoints the Secured Party and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Secured Party the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following:

Appears in 4 contracts

Samples: Guarantee and Pledge Agreement (Fidelity & Guaranty Life), Security Agreement (I Flow Corp /De/), Security Agreement (InfuSystem Holdings, Inc)

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Secured Party’s Appointment as Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and appoints the Secured Party and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Secured Party the power and right, on behalf of and at the expense of such Grantor, without notice to or assent by such Grantor, to do any or all of the following:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (MxEnergy Holdings Inc)

Secured Party’s Appointment as Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and appoints the Secured Party and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this AgreementAgreement upon the occurrence and during the continuance of an Event of Default, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this AgreementAgreement upon the occurrence and during the continuance of an Event of Default, and, without limiting the generality of the foregoing, each Grantor hereby gives the Secured Party the power and right, on behalf of such Grantor, without with written notice to or assent by such Grantor, to do any or all of the followingfollowing upon the occurrence and during the continuance of an Event of Default:

Appears in 1 contract

Samples: Security Agreement (Chrysler Group LLC)

Secured Party’s Appointment as Attorney-in-Fact, etc. (a1) Each Grantor hereby irrevocably constitutes and appoints the Secured Party and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which the Secured Party may be deem necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Secured Party the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following:

Appears in 1 contract

Samples: Credit Agreement (Sanders Morris Harris Group Inc)

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Secured Party’s Appointment as Attorney-in-Fact, etc. (a) Each The Borrower and each Grantor hereby irrevocably constitutes constitute and appoints appoint the Secured Party and any officer or agent thereof, with full power of substitution, as its their true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Borrower and such Grantor and in the name of the Borrower and such Grantor or in its their own respective name, for the purpose of carrying out the terms of this AgreementAgreement and the Secured Documents, to take any and all appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this AgreementAgreement or the Secured Documents, and, without limiting the generality of the foregoing, the Borrower and each Grantor hereby gives give the Secured Party the power and right, on behalf of the Borrower and such Grantor, without notice to or assent by such Grantor, to do any or all of the following:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Hydrocarb Energy Corp)

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