Common use of Trustee Appointed Attorney-in-Fact Clause in Contracts

Trustee Appointed Attorney-in-Fact. In addition to all of the powers granted to the Trustee pursuant to the Indenture, the Grantor hereby irrevocably appoints the Trustee its attorney-in-fact (which appointment is coupled with an interest and is irrevocable), with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise and with full power of substitution, from time to time upon the occurrence and during the continuation of an Event of Default, to take any action and to execute any instrument to accomplish the purposes of this Agreement (it being understood that the Trustee will not be required to act unless otherwise set forth herein or in the Indenture), including, without limitation:

Appears in 4 contracts

Samples: Security Agreement (East Coast Power LLC), Pacific Security Agreement (East Coast Power LLC), Mesquite Security Agreement (East Coast Power LLC)

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Trustee Appointed Attorney-in-Fact. In addition to all of the powers granted to the Trustee pursuant to the Indenture, the The Grantor hereby irrevocably appoints the Trustee its attorney-in-fact (which appointment is coupled with an interest and is irrevocable), with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise and with full power of substitution, from time to time upon the occurrence and during the continuation of an Event of Default, to take any action and to execute any instrument to accomplish the purposes of this Agreement (it being understood that the Trustee will not be required to act unless otherwise set forth herein or in the Indenture), including, without limitation:

Appears in 1 contract

Samples: Calpers Security Agreement (East Coast Power LLC)

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