Attorney in Fact Performance Clause Samples
The "Attorney-in-Fact; Performance" clause designates a party (the attorney-in-fact) to act on behalf of another party in carrying out specific contractual obligations or actions. Typically, this clause grants the attorney-in-fact the authority to execute documents, make decisions, or perform tasks necessary to fulfill the contract, especially if the principal is unable or unavailable to do so. Its core function is to ensure that contractual duties can be performed efficiently and without delay, thereby preventing disruptions or failures in performance due to the unavailability of the principal.
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Attorney in Fact Performance. Section 3.1 Pledgee Appointed Attorney-in-Fact. Upon the occurrence of an Event of Default and only as long as such Event of Default shall be continuing, Pledgor hereby appoints Pledgee Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Pledgee's discretion to take any action and to execute any instrument which Pledgee reasonably may deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to Pledgor representing any payment in respect of the Pledged Collateral or any part thereof and to give full discharge for the same.
Attorney in Fact Performance. Section 3.1. SECURED PARTY APPOINTED ATTORNEY-
Attorney in Fact Performance. Section 3.1. Secured Party Appointed Attorney-In-Fact. Upon the occurrence of an Event of Default, the Company hereby appoints the Secured Party as 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 in the Secured Party's discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary to accomplish the purposes of this Agreement, including, without limitation, to receive and collect all instruments made payable to the Company representing any payments in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, ▇▇▇ for, foreclose, or realize on the Pledged Property as and when the Secured Party may determine. To facilitate collection, the Secured Party may notify account debtors and obligors on any Pledged Property or Pledged Collateral to make payments directly to the Secured Party.
Attorney in Fact Performance