Common use of Survival of Power of Attorney Clause in Contracts

Survival of Power of Attorney. The foregoing power of attorney: (a) is coupled with an interest, shall be irrevocable, and shall survive and shall not be affected by the subsequent death, disability, or incapacity of any Limited Partner; (b) may be exercised by the General Partner or the Liquidating Trustee, as appropriate, either by signing separately as attorney-in-fact for each Limited Partner or by a single signature of the General Partner or the Liquidating Trustee, as appropriate, acting as attorney-in-fact for all of them; and (c) shall survive the delivery of any assignment by a Limited Partner of the whole or any fraction of its interest; except that, where the assignee of the whole of such Limited Partner’s interest in the Partnership has been approved by the General Partner for admission to the Partnership as a substituted Limited Partner, the power of attorney of the assignor shall survive the delivery of such assignment for the sole purpose of enabling the General Partner or the Liquidating Trustee, as appropriate, to execute, swear to, acknowledge, and file any instrument necessary or appropriate to effect such substitution.

Survival of Power of Attorney. The foregoing power of attorney: (a) is coupled with an interest, shall be irrevocable, and shall survive and shall not be affected by the subsequent death, disability, or incapacity of any Limited PartnerMember; (b) may be exercised by the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, either by signing separately as attorney-in-fact for each Limited Partner Member or by a single signature of the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, acting as attorney-in-fact for all of them; and (c) shall survive the delivery of any assignment by a Limited Partner Member of the whole or any fraction of its interestinterest in the Company; except that, where the assignee of the whole of such Limited PartnerMember’s interest in the Partnership has been approved by the General Partner for admission Company will be admitted to the Partnership Company as a substituted Limited PartnerMember in accordance with the terms hereof, the power of attorney of the assignor shall survive the delivery of such assignment for the sole purpose of enabling the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, to execute, swear to, acknowledge, acknowledge and file any instrument necessary or appropriate to effect such substitution.

Survival of Power of Attorney. The foregoing power of attorney: (a) is coupled with an interest, shall be irrevocable, and shall survive and shall not be affected by the subsequent death, disability, or incapacity of any Limited PartnerBondholder; (b) may be exercised by the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, either by signing separately as attorney-in-fact for each Limited Partner Bondholder or by a single signature of the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, acting as attorney-in-fact for all of them; and (c) shall survive the delivery of any assignment by a Limited Partner Bondholder of the whole or any fraction of its interestinterest in the Company; except that, where the assignee of the whole of such Limited PartnerBondholder’s interest in the Partnership has been approved by the General Partner for admission Company will be admitted to the Partnership Company as a substituted Limited PartnerBondholder in accordance with the terms hereof, the power of attorney of the assignor shall survive the delivery of such assignment for the sole purpose of enabling the General Partner Board Member, the Manager or the Liquidating Trustee, as appropriate, to execute, swear to, acknowledge, acknowledge and file any instrument necessary or appropriate to effect such substitution.