Common use of Appointment of Administrators Clause in Contracts

Appointment of Administrators. 2.1 Subject to Clauses 3 (Condition) and 5 (Mortgage Rate), until termination pursuant to Clause 20 (Termination), the Issuer, the Sellers and the Trustee (according to their respective estates and interests) each hereby appoints each Administrator as its lawful agent in its name and on its behalf to exercise their respective rights, powers and discretions, and to perform their respective duties under the Mortgages and any collateral security therefor and the Power of Attorney and to perform the Services and each Administrator hereby accepts such appointment on the terms and subject to the conditions of this Agreement. In furtherance of such appointment, each of the Issuer, the Trustee and each Seller will, forthwith upon signature of this Agreement execute and deliver to the Administrators (together with evidence of due execution and its authority to grant the same) powers of attorney in the forms set out in Schedule 3 (Form of Power of Attorney of the Issuer) and Schedule 4 (Form of Trustee's Power of Attorney) of this Agreement.

Appointment of Administrators. 2.1 Subject to Clauses 3 (Condition) and 5 (Mortgage Rate), until termination pursuant to Clause 20 (Termination), the Issuer, the Sellers and the Trustee (according to their respective estates and interests) each hereby appoints each Administrator as its lawful agent in its name and on its behalf to exercise their respective rights, powers and discretions, and to perform their respective duties under the Mortgages and any collateral security therefor and the Power of Attorney and to perform the Services and each Administrator hereby accepts such appointment on the terms and subject to the conditions of this Agreement. In furtherance of such appointment, each of the Issuer, the Trustee and each Seller will, forthwith upon signature of this Agreement execute and deliver to the Administrators (together with evidence of due execution and its authority to grant the same) powers of attorney in the forms set out in Schedule 3 (Form of Power of Attorney of the Issuer) and Schedule 4 (Form of Trustee's Power of Attorney) of this Agreement.Agreement.‌

Appointment of Administrators. 2.1 Subject to Clauses 3 (Condition) and 5 (Mortgage Rate), until termination pursuant to Clause 20 21 (Termination), the Issuer, the Sellers and the Trustee (according to their respective estates and interests) each hereby appoints each Administrator as its lawful agent in its name and on its behalf to exercise their respective rights, powers and discretions, and to perform their respective duties under the Mortgages and any collateral security therefor and the Power of Attorney and to perform the Services and each Administrator hereby accepts such appointment on the terms and subject to the conditions of this Agreement. In furtherance of such appointment, each of the Issuer, the Trustee and each Seller will, forthwith upon signature of this Agreement execute and deliver to the Administrators (together with evidence of due execution and its authority to grant the same) powers of attorney in the forms set out in Schedule 3 (Form of Power of Attorney of the Issuer) and Schedule 4 (Form of Trustee's Power of Attorney) of this Agreement.

Appointment of Administrators. 2.1 Subject to Clauses 3 (Condition) and 5 (Mortgage Rate), until termination pursuant to Clause 20 21 (Termination), the Issuer, the Sellers and the Trustee (according to their respective estates and interests) each hereby appoints each Administrator as its lawful agent in its name and on its behalf to exercise their respective rights, powers and discretions, and to perform their respective duties under the Mortgages and any collateral security therefor and the Power of Attorney and to perform the Services and each Administrator hereby accepts such appointment on the terms and subject to the conditions of this Agreement. In furtherance of such appointment, each of the Issuer, the Trustee and each Seller will, forthwith upon signature of this Agreement execute and deliver to the Administrators (together with evidence of due execution and its authority to grant the same) powers of attorney in the forms set out in Schedule 3 (Form of Power of Attorney of the Issuer) and Schedule 4 (Form of Trustee's Power of Attorney) of this Agreement.Agreement.‌