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

Trustee Appointed Attorney-in-Fact. The Company hereby irrevocably appoints the Trustee its attorney-in-fact, with full authority in the place and stead of the Company and in the name of the Company or otherwise, from time to time, to take any action and to execute any instrument necessary to accomplish the purposes of this Agreement (subsequent to an Event of Default subject to the rights of the Company under Section 12 hereof), including, without limitation:

Appears in 2 contracts

Samples: Security Agreement (Louisiana Casino Cruises Inc), Security Agreement (Louisiana Casino Cruises Inc)

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Trustee Appointed Attorney-in-Fact. The Company hereby irrevocably appoints the Trustee its the Company's attorney-in-fact, with full authority during the continuance of an Insolvency Default or an Event of Default in the place and stead of the Company and in the name of the Company or otherwise, from time to timetime in the Trustee's discretion, to take any action and to execute any instrument which the Trustee may deem necessary or advisable to accomplish the purposes of this Agreement (subsequent to an Event of Default subject to the rights of the Company under Section 12 hereof)Agreement, including, including without limitation:

Appears in 2 contracts

Samples: Company Security Agreement (Mercury Finance Co), Company Pledge Agreement (MFN Financial Corp)

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