Common use of Collateral Agent’s Appointment as Attorney-in-Fact Clause in Contracts

Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of the Loan Documents, to, upon the occurrence of and during the continuation of an Event of Default, take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of the Loan Documents, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any of the following, in all cases solely, when an Event of Default shall be continuing:

Appears in 6 contracts

Samples: Guaranty and Security Agreement (Francesca's Holdings CORP), Guaranty and Security Agreement (Francesca's Holdings CORP), Joinder Agreement (Francesca's Holdings CORP)

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Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person Party thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, exercisable only while an Event of Default is continuing, for the purpose of carrying out the terms of the Loan Note Documents, to, upon the occurrence of and during the continuation of an Event of Default, to take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of the Loan Note Documents, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons Parties the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to the extent permitted by applicable law, to do any of the following, in all cases solely, following when an Event of Default shall be continuing:

Appears in 2 contracts

Samples: Security Agreement (Olympic-Cascade Publishing, Inc.), Security Agreement (Newsprint Ventures, Inc.)

Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, upon the occurrence and during the continuance of any Event of Default, for the purpose of carrying out the terms of the Loan Indenture Documents, to, upon the occurrence of and during the continuation of an Event of Default, to take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of the Loan Indenture Documents, and, without limiting the generality of the foregoingforegoing and subject to the terms of the Intercreditor Agreement, each Grantor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any of the following, in all cases solely, following when an Event of Default shall be continuing:

Appears in 2 contracts

Samples: Security Agreement (Thermon Holding Corp.), Security Agreement (Thermon Holding Corp.)

Collateral Agent’s Appointment as Attorney-in-Fact. (aetc. viii) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, name for the purpose of carrying out the terms of the Loan Documentsthis Agreement, to, upon the occurrence of and during the continuation of so long as an Event of DefaultDefault has occurred and is continuing, to take any and all appropriate action and to execute any document or instrument that and all documents and instruments which may be necessary or desirable to accomplish the purposes of the Loan Documentsthis Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following, in all cases solely, when an Event of Default shall be continuing:

Appears in 1 contract

Samples: Collateral Agreement (M I Homes Inc)

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Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor and each Pledgor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor or such Pledgor and in the name of such Grantor or such Pledgor or in its own name, for the purpose of carrying out the terms of the Loan Documentsthis Agreement, to, upon the occurrence of and during the continuation of an Event of Default, to take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of the Loan Documentsthis Agreement, and, without limiting the generality of the foregoing, each Grantor and each Pledgor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons the power and right, on behalf of such GrantorGrantor or such Pledgor, without notice to or assent by such GrantorGrantor or such Pledgor, to do any of the following, in all cases solely, when an Event of Default shall be continuing:

Appears in 1 contract

Samples: Pledge and Security Agreement (UTi WORLDWIDE INC)

Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any Related Person officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of the Loan Documentsthis Agreement, to, upon the occurrence of and during the continuation of an Event of Default, to take any and all Security Agreement appropriate action and to execute any document or instrument that and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, such power of attorney to be exercised by the Loan DocumentsCollateral Agent only upon the occurrence and during the continuance of an Event of Default, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent (as so directed by the Administrative Agent) and its Related Persons the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following, in all cases solely, when following upon the occurrence and during the continuation of an Event of Default shall be continuingDefault:

Appears in 1 contract

Samples: Security Agreement (Broadview Networks Holdings Inc)

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