Common use of SECURED Clause in Contracts

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor hereby irrevocably appoints the Secured Party as Grantor's attorney-in-fact (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 such Grantor or otherwise, from time to time in the Secured Party's discretion, only upon and during the occurrence and continuation of an Event of Default, to take any action and to execute any instrument which the 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 the Secured Party pursuant to this Agreement, (b) to ask, demand, collect, sue for, recover, compound, receive and give acquittance and receipxx 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 (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 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.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints the Secured Party as GrantorPledgor's attorney-in-fact (which appointment shall be irrevocable and deemed coupled with an interest)fact, with full authority in the place and stead of such Grantor Pledgor and in the name of such Grantor Pledgor, Secured Party or otherwise, from time to time in the Secured Party's discretion, only upon and during the occurrence and continuation of an Event of Default, discretion to take any action and to execute any instrument which the that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (a) to obtain and adjust insurance required file one or more financing or continuation statements, or amendments thereto, relative to be paid to all or any part of the Secured Party pursuant to this Agreement,Pledged Collateral without the signature of Pledgor; (b) to ask, demand, collect, sue xxx for, recover, compound, receive and give acquittance and receipxx receipts for moneys due and to become due under or in respect of any of the Pledged Collateral,; (c) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) or (b) above, (d) to receive, endorse and collect all instruments made payable to the Grantor Pledgor representing any dividend dividend, principal or interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge or for the same, ; and (ed) to file any claims or take any action or institute any proceedings which the that Secured Party may deem necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of the Secured Party with respect to any of the Pledged Collateral.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints the Secured Party as GrantorPledgor's attorney-in-fact (which appointment shall be irrevocable and deemed coupled with an interest)fact, with full authority in the place and stead of such Grantor Pledgor and in the name of such Grantor Pledgor, Secured Party or otherwise, from time to time in the Secured Party's discretion, only upon and during the occurrence and continuation of an Event of Default, discretion to take any action and to execute any instrument which the that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (a) to obtain and adjust insurance required file one or more financing or continuation statements, or amendments thereto, relative to be paid to all or any part of the Secured Party pursuant to this Agreement,Pledged Collateral without the signature of Pledgor; (b) to ask, demand, collect, sue forxxx, recover, compound, receive and give acquittance and receipxx receipts for moneys due and to become due under or in respect of any of the Pledged Collateral,; (c) to receive, endorse, endorse and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) or (b) above, (d) to receive, endorse and collect all instruments made payable to the Grantor Pledgor representing any dividend dividend, principal or interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge or for the same, ; and (ed) to file any claims or take any action or institute any proceedings which the that Secured Party may deem necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of the Secured Party with respect to any of the Pledged Collateral.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor Pledgor hereby irrevocably appoints the Secured Party as GrantorPledgor's attorney-in-fact (which appointment shall be irrevocable and deemed coupled with an interest)fact, with full authority in the place and stead of such Grantor Pledgor and in the name of such Grantor Pledgor, Secured Party or otherwise, from time to time in the Secured Party's discretion, only upon and during the occurrence and continuation of an Event of Default, discretion to take any action and to execute any instrument which the that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (a) to obtain and adjust insurance required file one or more financing or continuation statements, or amendments thereto, relative to be paid all or any part of the Pledged Collateral without the signature of Pledgor (to the Secured Party pursuant to this Agreement,extent permitted by applicable law); (b) during the continuance of any Event of Default, to ask, demand, collect, sue xxx for, recover, compound, receive and give acquittance and receipxx receipts for moneys due and to become due under or in respect of any of the Pledged Collateral,; (c) to receiveduring the continuance of any Event of Default, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) or (b) above, (d) to receive, endorse and collect all any instruments made payable to the Grantor Pledgor representing any dividend dividend, principal or interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge or for the same, ; and (ed) during the continuance of any Event of Default, to file any claims or take any action or institute any proceedings which the that Secured Party may deem necessary or desirable for the collection of any of the Pledged Collateral or otherwise to enforce the rights of the Secured Party with respect to any of the Pledged Collateral.

SECURED. PARTY APPOINTED ATTORNEY-IN-FACT. Grantor hereby irrevocably appoints the Secured Party as Grantor's attorney-in-fact (which appointment shall be irrevocable and deemed coupled with an interest)fact, with full authority in the place and stead of such Grantor and in the name of such Grantor Grantor, Secured Party or otherwise, from time to time in the Secured Party's discretion, only upon and during the occurrence and continuation of an Event of Default, discretion to take any action and to execute any instrument which the that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, including without limitation: (a) to obtain endorse Grantor's name on all applications, documents, papers and adjust insurance required to be paid to the instruments necessary for Secured Party pursuant to this Agreement,in the use or maintenance of the Collateral; (b) during the continuation of any Event of Default to askask for, demand, collect, sue forxxx, recover, compound, receive and give acquittance and receipxx receipts 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 during the Grantor representing continuance of any dividend or other distribution in respect Event of the Pledged Collateral or any part thereof and to give full discharge or the same, and (e) Default to file any claims or take any action or institute any proceedings which the that 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