The Collateral Agent Appointed Attorney-in-Fact. Effective upon the occurrence and during the continuance of an Event of Default, the Pledgor hereby irrevocably appoints the Collateral Agent its attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Collateral Agent's discretion, to take any action and to execute any instrument which the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:
Appears in 6 contracts
Samples: Security Agreement (Xm Satellite Radio Inc), Pledge Agreement (Sirius Satellite Radio Inc), Pledge Agreement (Cd Radio Inc)
