Common use of Authorization and Power-of-Attorney Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Program Security Agreement, Loan Program Security Agreement, Loan Program Security Agreement

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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 the terms of 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.

Appears in 2 contracts

Samples: Loan Program Security Agreement, Loan Program Security Agreement

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 Xxxxxxxx at any time while the Loan remains outstanding to exhibit and deliver to the Administration copies of any of BorrowerXxxxxxxx’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 BorrowerXxxxxxxx’s financial status and business operations.

Appears in 2 contracts

Samples: Loan Program Security Agreement, Loan Program Security Agreement

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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 the terms of 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 Xxxxxxxx at any time while the Loan remains outstanding to exhibit and deliver to the Administration copies of any of BorrowerXxxxxxxx’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 BorrowerXxxxxxxx’s financial status and business operations.

Appears in 1 contract

Samples: Loan Program Security Agreement

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