Common use of Authority to Act for Creditor Clause in Contracts

Authority to Act for Creditor. For so long as any of the Superior Debt shall remain unpaid, Lender shall have the right to act as Creditor's attorney-in-fact for the purposes specified herein and Creditor hereby irrevocably appoints Lender its true and lawful attorney, with full power of substitution, in the name of Creditor or in the name of Lender, for the use and benefit of Lender, without notice to Creditor or any of its successors or assigns, to perform the following acts, at Lender's option, at any meeting of creditors of Debtor or in connection with any case or proceeding, whether voluntary or involuntary, for the distribution, division or application of the assets of Debtor or the proceeds thereof, regardless of whether such case or proceeding is for the liquidation, dissolution, winding up of affairs, reorganization or arrangement of Debtor, or for the composition of the creditors of Debtor, in bankruptcy or in connection with a receivership, or under an assignment for the benefit of creditors of Debtor or otherwise:

Authority to Act for Creditor. For so long as any of the Superior Debt shall remain unpaid, Lender shall have the right to act as Creditor's attorney-in-fact for the purposes specified herein and Creditor hereby irrevocably appoints Lender its true and lawful attorney, with full power of substitution, in the name of Creditor or in the name of Lender, for the use and benefit of Lender, without notice to Creditor or any of its successors his representatives, heirs or assignsadministrators, to perform the following acts, at Lender's option, at any meeting of creditors of Debtor Borrower or in connection with any case or proceeding, whether voluntary or involuntary, for the distribution, division or application of the assets of Debtor Borrower or the proceeds thereof, regardless of whether such case or proceeding is for the liquidation, dissolution, winding up of affairs, reorganization or arrangement of DebtorBorrower, or for the composition of the creditors of DebtorBorrower, in bankruptcy or in connection with a receivership, or under an assignment for the benefit of creditors of Debtor Borrower or otherwise:

Authority to Act for Creditor. For so long as any of the Superior Debt shall remain unpaid, Lender shall have the right to act as Creditor's attorney-in-fact for the purposes specified herein herein, and Creditor hereby irrevocably appoints Lender its true and lawful attorney, with full power of substitution, in the name of Creditor or in the name of Lender, for the use and benefit of Lender, without notice to Creditor or any of its representatives, successors or assigns, to perform the following acts, at Lender's option, at any meeting of creditors of Debtor Borrower or in connection with any case or proceeding, whether voluntary or involuntary, for the distribution, division or application of the assets of Debtor Borrower or the proceeds thereof, regardless of whether such case or proceeding is for the liquidation, dissolution, winding up of affairs, reorganization or arrangement of DebtorBorrower, or for the composition of the creditors of DebtorBorrower, in bankruptcy or in connection with a receivership, or under an assignment for the benefit of creditors of Debtor Borrower or otherwise:

Authority to Act for Creditor. For so long as any of the Superior Debt shall remain unpaid, the Lender shall have the right to act as the Creditor's attorney-in-fact for the purposes specified herein and the Creditor hereby irrevocably appoints the Lender its true and lawful attorney, with full power of substitution, in the name of the Creditor or in the name of the Lender, for the use and benefit of the Lender, without notice to the Creditor or any of its successors or assigns, to perform the following acts, at the Lender's option, at any meeting of creditors of the Debtor or in connection with any case or proceeding, whether voluntary or involuntary, for the distribution, division or application of the assets of the Debtor or the proceeds thereof, regardless of whether such case or proceeding is for the liquidation, dissolution, winding up of affairs, reorganization or arrangement of the Debtor, or for the composition of the creditors of the Debtor, in bankruptcy or in connection with a receivership, or under an assignment for the benefit of creditors of the Debtor or otherwise: