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

Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the Pledgees), the Pledgors hereby appoints the Agent as the Pledgors’ attorney-in-fact, with full authority in the place and stead of, and in the name of, the Pledgors or otherwise, from time to time in the Agent's discretion to take any action and to execute any instrument which the Agent may deem necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgors representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Ifan Financial, Inc.), Pledge and Security Agreement (Solar Wind Energy Tower, Inc.), Pledge and Security Agreement (Wave Uranium Holding)

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Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the Pledgees), the Pledgors The Pledgor hereby appoints the Agent as the Pledgors’ Pledgor's attorney-in-fact, with full authority in the place and stead of, of such Pledgor and in the name of, the Pledgors of such Pledgor or otherwise, from time to time in the Agent's discretion good-faith discretion, to take any action and to execute any instrument which that the Agent may deem reasonably believe necessary or desirable advisable to accomplish the purposes of this AgreementAgreement (subject to the rights of the Pledgor under Section 6 hereof), in a manner consistent with the terms hereof, including, without limitation, to receive, endorse indorse and collect all instruments made payable to the Pledgors Pledgor representing any dividend, interest payment dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 2 contracts

Samples: Credit Agreement (Pilgrim America Capital Corp), Pledge Agreement (Graco Inc)

Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event the exercise of Default (unless such Event of Default is waived in writing by the Pledgees)Aemetis Option, the Pledgors Pledgor hereby appoints the Agent as the Pledgors’ Pledgor’s attorney-in-fact, with full authority in the place and stead of, of the Pledgor and in the name of, of the Pledgors Pledgor or otherwise, from time to time in the Agent's ’s discretion to take any action and to execute any instrument which the Agent may deem necessary or desirable advisable to accomplish the purposes of this AgreementAgreement (subject to the rights of the Pledgor under Section 7), including, without limitation, to receive, endorse indorse and collect all instruments made payable to the Pledgors Pledgor representing any dividend, interest payment dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 1 contract

Samples: Pledge Agreement (Aemetis, Inc)

Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the Pledgees), the Pledgors hereby appoints the Agent as the Pledgors’ attorney-in-fact, with full authority in the place and stead of, and in the name of, the Pledgors or otherwise, from time to time in the Agent's ’s discretion to take any action and to execute any instrument which the Agent may deem necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgors representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 1 contract

Samples: Pledge and Security Agreement (Fearless International, Inc.)

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Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the Pledgees), the Pledgors hereby appoints the Agent as the Pledgors' attorney-in-fact, with full authority in the place and stead of, and in the name of, the Pledgors or otherwise, from time to time in the Agent's discretion to take any action and to execute any instrument which the Agent may deem necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgors representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 1 contract

Samples: Pledge and Security Agreement (Red Giant Entertainment, Inc.)

Agent Appointed Attorney-in-Fact. (a) Effective only upon an Event of Default (unless such Event of Default is waived in writing by the PledgeesPledgee), the Pledgors hereby appoints the Agent as the Pledgors’ attorney-in-fact, with full authority in the place and stead of, and in the name of, the Pledgors or otherwise, from time to time in the Agent's discretion to take any action and to execute any instrument which the Agent may deem necessary or desirable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to the Pledgors representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.

Appears in 1 contract

Samples: Pledge and Security Agreement (FONU2 Inc.)

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