Common use of The Buyer’s Appointment as Attorney-in-Fact Clause in Contracts

The Buyer’s Appointment as Attorney-in-Fact. (a) The Seller hereby irrevocably constitutes and appoints the Buyer and any officer or agent thereof, following the occurrence of an Event of Default that has not been waived 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 the Seller and in the name of the Seller or in its own name, from time to time in the Buyer’s discretion, for the purpose of carrying out the terms of this Repurchase 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 Repurchase Agreement, and, without limiting the generality of the foregoing, the Seller hereby gives the Buyer the power and right, on behalf of the Seller, without assent by, but with notice to, the Seller, if an Event of Default shall have occurred and be continuing, to do the following:

The Buyer’s Appointment as Attorney-in-Fact. (a) The Repo Seller hereby irrevocably constitutes and appoints the Buyer and the Administrative Agent on behalf of the Buyer, and any officer or agent thereof, following the occurrence of an Event of Default that has not been waived 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 the Repo Seller and in the name of the Repo Seller or in its own name, from time to time in the Buyer’s discretiondiscretion if an Event of Default shall have occurred and be continuing, for the purpose of carrying out the terms of this Repurchase 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 Repurchase Agreement, and, without limiting the generality of the foregoing, the Repo Seller hereby gives the Buyer and the Administrative Agent the power and right, on behalf of the Repo Seller, without assent by, but with notice to, the Seller, if an Event of Default shall have occurred and be continuing, Repo Seller to do the following: