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

Trustee Appointed Attorney-in-Fact. The Company hereby appoints the Trustee as its attorney-in-fact, with full authority in the place and stead and in its name or otherwise, from time to time in the Trustee's discretion but only after the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Trustee may deem necessary or advisable in order to accomplish the purposes of this Article X, including to receive, endorse and collect all instruments made payable to the Company, representing any dividend, interest payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. This power, being coupled with an interest, is irrevocable.

Appears in 2 contracts

Samples: Indenture (Rev Holdings LLC), Plans Assumption Agreement (Rev Holdings LLC)

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Trustee Appointed Attorney-in-Fact. The Company hereby appoints the Trustee as its attorney-in-fact, with power of substitution and with full authority in the its place and stead and in its name or otherwisethe Trustee's own name, from time to time time, in the Trustee's discretion but only after subject to the occurrence and during the continuance provisions of an Event of Defaultthis Article 10, to take any action and to execute any instrument which the Trustee may deem necessary or advisable in order to accomplish the purposes of this Article X10, including to receive, endorse and collect all instruments made payable to the Company, it representing any dividend, interest payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. This power, being coupled with an interest, is irrevocable.

Appears in 1 contract

Samples: Maxxam Inc

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Trustee Appointed Attorney-in-Fact. The Company hereby appoints the Trustee as its the Company's attorney-in-in- fact, with full authority in the place and stead of the Company and in its the name of the Company or otherwise, from time to time in the Trustee's discretion but only after the occurrence and during the continuance of an Event of DefaultDefault in the Trustee's discretion, to take any action and to execute any instrument which the Trustee may deem necessary or advisable in order to accomplish the purposes of this Article XIndenture, including to receive, endorse and collect all instruments made payable to the Company, Company representing any dividend, interest payment or other distribution in respect of the Collateral Exchange Property or any part thereof and to give full discharge for the same. This power, being coupled with an interest, is irrevocable.

Appears in 1 contract

Samples: Atlas Corp

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