Common use of Authorized Action by Secured Party Clause in Contracts

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact (which appointment is coupled with an interest) and agrees that Secured Party may perform (but Secured Party shall not be obligated to and shall incur no liability to Debtor or any third party for failure so to do) any act which Debtor is obligated by this Security Agreement to perform, and to exercise such rights and powers as Debtor might exercise with respect to the Collateral, including the right to:

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as its attorney-in-Debtor’s attorney in fact (which appointment is coupled with an interest) and agrees that Secured Party may perform (but Secured Party shall not be obligated to and shall incur no liability to Debtor or any third party for failure so to do) do any act which that Debtor is obligated by to do pursuant to this Security Agreement to performpreserve or protect the Collateral and to preserve, and protect, or establish Secured Party’s lien on the Collateral. Debtor further irrevocably appoints Secured Party to exercise such rights and powers as Debtor might exercise with respect to the CollateralCollateral following an Event of Default, including as defined below. These powers shall include without limitation the right to:

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact (which appointment is coupled with an interest) and agrees that Secured Party may perform (but Secured Party shall not be obligated to and shall incur no liability to Debtor or any third party for failure so to do) any act which Debtor is obligated by this Security Agreement to perform, and to exercise such rights and powers as Debtor might exercise with respect to the Collateral, including the right to:the

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact (which appointment is coupled with an interest) and agrees that Secured Party may perform to do (but Secured Party shall not be obligated to and shall incur no liability to Debtor or any third party for failure so to dodo so) any act which Debtor is obligated by this Security Agreement to performdo, and to exercise such rights and powers as Debtor might exercise with respect to the Collateral, including Collateral for the right to:account of and at the sole cost and expense of Debtor.

Authorized Action by Secured Party. Subject to the proviso below, Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact (which appointment is coupled with an interest) and agrees that Secured Party may perform (but Secured Party shall not be obligated to and shall not incur no any liability to Debtor or any third party for failure so to do) any act which Debtor is obligated by this Security Agreement to perform, and to exercise such all rights and powers as Debtor might exercise with respect to the Collateral. Debtor agrees to pay Secured Party on demand any costs and expenses, including attorneys’ fees, it incurs while acting as Debtor’s attorney-in-fact and such costs and expenses are included in the right to:Obligations secured hereby.