Common use of Bank Appointed Attorney-in-Fact Clause in Contracts

Bank Appointed Attorney-in-Fact. The Pledgor hereby appoints the Bank the Pledgor’s attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Bank’s discretion to take any action and to execute any instrument which the Bank may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any interest payment, dividend or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same.

Bank Appointed Attorney-in-Fact. The Pledgor hereby appoints the Bank the Pledgor’s 's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time during the pendency of an Event of Default in the Bank’s 's discretion to take any action and to execute any instrument which the Bank may deem necessary or advisable to accomplish the purposes of this Agreement, including including, without limitation, to receive, indorse endorse and collect all instruments made payable to the Pledgor representing any interest payment, dividend payment or other distribution in respect of the Collateral Bonds or any part thereof and to give full discharge for the same.

Bank Appointed Attorney-in-Fact. The Pledgor hereby appoints the Bank the Pledgor’s 's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Bank’s 's discretion to take any action and to execute any instrument which the Bank may deem necessary or advisable to accomplish the purposes of this Agreement, including without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any interest payment, dividend or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same.

Bank Appointed Attorney-in-Fact. The Pledgor hereby appoints the Bank the Pledgor’s 's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Bank’s 's discretion to take any action and to execute any instrument which that the Bank may deem necessary or advisable to accomplish the purposes of this Agreement, including including, without limitation, to receive, indorse endorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment, dividend payment or other distribution in respect of regarding the Pledged Collateral or any part thereof and to give full discharge for the same. The Bank agrees that, except upon the occurrence of an Event of Default, it will forebear from exercising the power of attorney or any rights granted to the Bank under this Section 8.