Authorization and Power-of-Attorney. The Borrower authorizes and designates the Administration (which appointment is coupled with an interest), irrevocably and with power of substitution, to take any action authorized under this Agreement or the Financing Documents, whether in the name of the Administration or the Borrower. The Borrower hereby also irrevocably authorizes and directs all accountants and auditors employed by Borrower at any time while the Loan remains outstanding to exhibit and deliver to the Administration copies of any of Borrower’s financial statements, trial balances or other accounting records of any sort in the accountant’s or auditor’s possession, and to disclose to the Administration any information they may have concerning Borrower’s financial status and business operations.
Authorization and Power-of-Attorney. Borrower authorizes Lender to request other secured parties of Borrower, if any, to provide accountings, confirmations of Collateral and confirmations of statements of account concerning Borrower. Borrower hereby designates and appoints Lender and its designees as attorney-in-fact of Borrower, irrevocably and with power of substitution, with authority to endorse Borrower’s names on requests to other secured parties of Borrower for accountings, confirmations of Collateral and confirmations of statements of account. The foregoing authorizations and appointments are conditioned upon the occurrence of an uncured Event of Default.
Authorization and Power-of-Attorney. A. You will provide an authorization for us or our designee to: (i) initiate debit or credit entries to your Payroll Account for the applicable charges related to the Payroll Services; (ii) send or transmit to the bank, a credit entry to the account of an employee to effect a payment from you to the employee; and/or (iii) send or transmit a debit entry to the employee’s account in order to effect a payment from the employee to you or cover any shortfall. This authority is to remain in full force and effect until we have received written notification from you of your termination in such time and in such manner as to afford us a reasonable opportunity to act on such notification.
Authorization and Power-of-Attorney. The Secured Party is irrevocably and unconditionally authorized to take, and each Debtor irrevocably and unconditionally appoints the Secured Party as the attorney-in-fact of such Debtor, with full power of substitution and of revocation, to take, in the name of such Debtor or otherwise and otherwise as shall be determined by the Secured Party at the sole option of the Secured Party, each action relating to any of the Collateral that, subject to this Agreement, such Debtor could take in the same manner, to the same extent and with the same effect as if such Debtor were to take such action; provided, however, that, until any notice of intention to do so shall be delivered, given or sent by the Secured Party to any Debtor upon or at any time after the occurrence or existence of any Event of Default, (a) the Secured Party may not, pursuant to such authorization or as such attorney-in-fact, (i) exercise or direct the exercise of any right to vote or give any consent, ratification or waiver with respect to any General Intangible or Instrument included in the Collateral or (ii) except as expressly permitted by this Agreement, sell, lease or otherwise dispose of any of the Collateral and (b) each Debtor shall have the right to exercise any right to vote or give any consent, ratification or waiver with respect to any General Intangible or Instrument included in the Collateral that such Debtor would have but for this Agreement unless doing so would or might have any adverse effect on the value of such General Intangible or Instrument as security for the payment of the Obligations or otherwise be inconsistent or incompatible with any provision or purpose of this Agreement. Such power of attorney is coupled with an interest in favor of the Secured Party and shall not be terminated or otherwise affected by the death, disability or incompetence of any Debtor. Without limiting the generality of the first sentence of this Section 5, pursuant to such authorization and as such attorney-in-fact, the Secured Party may, in the name of any Debtor or otherwise at the sole option of the Secured Party, (a) execute and deliver any financing statement or instrument of assignment relating to any of the Collateral, (b) endorse, or execute and deliver any instrument of assignment relating to, and deliver any of the Collateral including, but not limited to, any instrument drawn by any company issuing any insurance on any Goods included in the Collateral), whether such endorsement or as...
Authorization and Power-of-Attorney. Mortgagee is irrevocably and unconditionally authorized to take, and Mortgagor irrevocably and unconditionally appoints Mortgagee as the attorney-in-fact of such Mortgagor, with full power of substitution and of revocation, to take, in the name of such Mortgagor or otherwise at the sole option of Mortgagee, each action relating to the Premises or any portion thereof that, subject to this Mortgage, such Mortgagor could take in the same manner, to the same extent and with the same effect as if such Mortgagor were to take such action; provided, however, that Mortgagee shall not have the right, pursuant to such authorization or as such attorney-in-fact, to sell or otherwise dispose of the Premises or any portion thereof. Such power of attorney is coupled with an interest in favor of Mortgagee, and shall not be terminated or otherwise affected by the death, disability or incompetence of any Mortgagor.
Authorization and Power-of-Attorney. Borrower authorizes Lender to request other secured parties of Borrower to provide accountings, confirmations of Collateral, and confirmations of statements of account concerning Borrower. Borrower hereby designates and appoints Lender and its designees as attorney-in-fact of Borrower (which appointment is coupled with an interest), irrevocably and with power of substitution, with authority to endorse Borrower’s name on requests to other secured parties of Borrower for accountings, confirmations of collateral, and confirmations of statements of account.
Authorization and Power-of-Attorney. Each Debtor authorizes the Secured Party to request other secured parties of any Debtor to provide accountings, confirmations of Collateral and confirmations of statements of account concerning Debtor. Each Debtor hereby designates and appoints the Secured Party and its designees as attorney-in-fact of each such Debtor, irrevocably and with power of substitution, with authority to endorse such Debtor’s name on requests to other secured parties of such Debtor for accountings, confirmations of collateral and confirmations of statements of account.
Authorization and Power-of-Attorney. CUSO authorizes Members United to request other secured parties of CUSO to provide accountings, confirmations of Collateral and confirmations of statements of account concerning CUSO. CUSO hereby designates and appoints Members United and its designees as attorney-in-fact of CUSO, irrevocably and with power of substitution, with authority to endorse CUSO's name on requests to other secured parties of CUSO for accountings, confirmations of collateral and confirmations of statements of account. MISCELLANEOUS
Authorization and Power-of-Attorney. Obligor authorizes Lender, following an Event of Default, to request other secured parties of Obligor to provide accountings, confirmations of Collateral and confirmations of statements of account concerning Obligor. Obligor hereby designates and appoints Lender and its designees as attorney-in-fact of Obligor, irrevocably and with power of substitution, with authority, following an Event of Default, to endorse Obligor’s name on requests to other secured parties of Obligor for accountings, confirmations of collateral and confirmations of statements of account.
Authorization and Power-of-Attorney. The Bank hereby authorizes the Servicer on behalf of the Bank to communicate as the Bank’s agent with the school, Borrower, Guarantee Agency, and the United States Department of Education by electronic means or otherwise, to issue checks and electronically disburse funds as contemplated herein, to exchange information pursuant to the Act and Regulations with credit bureau organizations selected by the Servicer, and to do or perform any other act for the purpose of carrying out its obligations of servicing Loans. The Bank hereby appoints the Servicer as its lawful attorney-in-fact to sign in the name of the Bank such documents as are necessary for the Servicer to perform its obligations as contemplated under this Servicing Agreement. Each party will provide to the other specimen authorized signatures upon request. The Bank will also execute a specific power-of-attorney covering the foregoing if required by a Guarantee Agency, or otherwise as the Servicer may reasonably request.
