Common use of SECURED 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 endorse Grantor's name on all applications, documents, papers and instruments necessary for Secured Party in the use or maintenance of the Collateral; (b) to ask for, demand, collect, sue xxx, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (c) to receive, endorse and collect any drafts or other instruments, documents and chattel paper in connection with clause (b) above; (d) 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; (e) to pay or discharge taxes or Liens (other than Liens permitted under this Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such payments made by Secured Party to become obligations of Grantor to Secured Party, due and payable immediately without demand; and

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor hereby irrevocably appoints the Secured Party as Grantor's attorney-in-factfact (which appointment shall be irrevocable and deemed coupled with an interest), with full authority in the place and stead of such Grantor and in the name of Grantor, Secured Party such Grantor or otherwise, from time to time in the Secured Party's discretion discretion, only upon and during the occurrence and continuation of an Event of Default, to take any action and to execute any instrument that which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including including, without limitation: (a) to endorse Grantor's name on all applications, documents, papers obtain and instruments necessary for adjust insurance required to be paid to the Secured Party in the use or maintenance of the Collateral;pursuant to this Agreement, (b) to ask forask, demand, collect, sue xxxfor, recover, compound, receive and give acquittance and receipts receipxx for moneys due and to become due under or in respect of any of the Collateral;, (c) to receive, endorse endorse, and collect any drafts or other instruments, documents and chattel paper paper, in connection with clause (a) or (b) above;, (d) to receive, endorse and collect all instruments made payable to the Grantor representing any dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge or the same, and (e) to file any claims or take any action or institute any proceedings that which the Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Secured Party with respect to any of the Collateral; (e) to pay or discharge taxes or Liens (other than Liens permitted under this Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such payments made by Secured Party to become obligations of Grantor to Secured Party, due and payable immediately without demand; and.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints Secured Party as GrantorPledgor's attorney-in-fact, with full authority in the place and stead of Grantor Pledgor and in the name of GrantorPledgor, 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 limitationincluding: (a) to endorse Grantor's name on file one or more financing or continuation statements, or amendments thereto, relative to all applications, documents, papers and instruments necessary for Secured Party in the use or maintenance any part of the CollateralPledged Collateral without the signature of Pledgor; (b) to ask forask, demand, collect, sue xxxxxx 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; (c) to receive, endorse and collect any drafts instruments made payable to Pledgor representing any dividend, principal or interest payment or other instruments, documents distribution in respect of the Pledged Collateral or any part thereof and chattel paper in connection with clause (b) above;to give full discharge for the same; and (d) 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; (e) to pay or discharge taxes or Liens (other than Liens permitted under this Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such payments made by Secured Party to become obligations of Grantor to Secured Party, due and payable immediately without demand; and.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints Secured Party as GrantorPledgor's attorney-in-fact, with full authority in the place and stead of Grantor Pledgor and in the name of GrantorPledgor, 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 endorse Grantor's name on file one or more financing or continuation statements, or amendments thereto, relative to all applications, documents, papers and instruments necessary for Secured Party in the use or maintenance any part of the CollateralPledged Collateral without the signature of Pledgor; (b) to ask forask, demand, collect, sue xxxxxx 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; (c) to receive, endorse and collect any drafts instruments made payable to Pledgor representing any dividend, principal or interest payment or other instruments, documents distribution in respect of the Pledged Collateral or any part thereof and chattel paper in connection with clause (b) above;to give full discharge for the same; and (d) 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; (e) to pay or discharge taxes or Liens (other than Liens permitted under this Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such payments made by Secured Party to become obligations of Grantor to Secured Party, due and payable immediately without demand; and.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints Secured Party as GrantorPledgor's attorney-in-fact, with full authority in the place and stead of Grantor Pledgor and in the name of GrantorPledgor, 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 limitationincluding: (a) to endorse Grantor's name on file one or more financing or continuation statements, or amendments thereto, relative to all applications, documents, papers and instruments necessary for Secured Party in the use or maintenance any part of the CollateralPledged Collateral without the signature of Pledgor; (b) to ask forask, demand, collect, sue xxx, 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; (c) to receive, endorse and collect any drafts instruments made payable to Pledgor representing any dividend, principal or interest payment or other instruments, documents distribution in respect of the Pledged Collateral or any part thereof and chattel paper in connection with clause (b) above;to give full discharge for the same; and (d) 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; (e) to pay or discharge taxes or Liens (other than Liens permitted under this Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such payments made by Secured Party to become obligations of Grantor to Secured Party, due and payable immediately without demand; and.