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

Trustee Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Trustee its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Trustee’s discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Trustee may deem necessary or reasonably advisable to accomplish the purposes of this Security Agreement, including: (a) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to receive, endorse, and collect any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above; (c) to file any claims or take any action or institute any proceedings which the Trustee may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Trustee with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.

Trustee Appointed Attorney-in-Fact. Each Grantor 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 such Grantor the Company and in the name of such Grantor the Company or otherwise, from time to time in the Trustee’s 's discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Trustee may deem necessary or reasonably advisable to accomplish the purposes of this Security Agreement, includingincluding without limitation: (aA) to ask, demand, collect, xxx for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (bB) to receive, endorse, and collect any drafts or other Instrumentsinstruments, Documents documents and Chattel Paperchattel paper, in connection with clause CLAUSE (aA) above;; and (cC) to file any claims or take any action or institute any proceedings which the Trustee may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Trustee with respect to any of the Collateral; and (d) to perform the affirmative obligations of such Grantor hereunder. Each Grantor The Company hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.

Trustee Appointed Attorney-in-Fact. Each Grantor 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 such Grantor the Company and in the name of such Grantor the Company or otherwise, from time to time in the Trustee’s 's discretion, following the occurrence and during the continuance of a Specified Default, to take any action and to execute any instrument which the Trustee may deem necessary or reasonably advisable to accomplish the purposes of this Security Agreement, includingincluding without limitation: (aA) to ask, demand, collect, xxx sue for, recover, compromise, receive and give acquittance acquxxxance and receipts for moneys due and to become due under or in respect of any of the Collateral; (bB) to receive, endorse, and collect any drafts or other Instrumentsinstruments, Documents documents and Chattel Paperchattel paper, in connection with clause (aA) above;; and (cC) to file any claims or take any action or institute any proceedings which the Trustee may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Trustee with respect to any of the Collateral; and (d) to . The Trustee may execute any of the trusts or powers hereunder or perform the affirmative obligations of such Grantor hereunderany duties hereunder either directly or by or through agents or attorneys. Each Grantor The Company hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section is irrevocable and coupled with an interest.