Common use of Specific Rights With Regard to Collateral Clause in Contracts

Specific Rights With Regard to Collateral. In addition to all other rights and remedies provided hereunder, under the other Financing Documents or as shall exist at Law or in equity from time to time, the Lender may (but shall be under no obligation to), without notice to any of the Borrowers or to any of the Property Owners, and each of the Borrowers and each of the Property Owners hereby irrevocably appoints the Lender as its attorney-in-fact, with power of substitution, in the name of the Lender or in the name of any of the Borrowers or any of the Property Owners or otherwise, for the use and benefit of the Lender, but at the cost and expense of the Borrowers and without notice to any of the Borrowers or to any of the Property Owners, to: (a) Compromise, extend or renew any of the Collateral or deal with the same as it may deem advisable; (b) Copy, transcribe, or remove from any place of business of any of the Borrowers or any of the Property Owners all books, records, ledger sheets, correspondence, invoices and documents, relating to or evidencing any of the Collateral or without cost or expense to the Lender, make such use of the Borrowers' place(s) of business as may be reasonably necessary to administer, control and collect the Collateral;