Collections and Receipt of Proceeds by Lender. Borrower hereby constitutes and appoints Lender, or Lender’s designated agent, as Borrower’s attorney-in-fact to exercise, at any time after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Debt:
Appears in 2 contracts
Samples: Credit and Security Agreement (JOINT Corp), Credit and Security Agreement
Collections and Receipt of Proceeds by Lender. Each Borrower hereby constitutes and appoints Lender, or Lender’s designated agent, as such Borrower’s attorney-in-fact to exercise, at any time after the occurrence and during the continuance of an Event of Defaulttime, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the DebtObligations:
Appears in 2 contracts
Samples: Credit and Security Agreement (Colonial Commercial Corp), Credit and Security Agreement (Hawk Corp)
Collections and Receipt of Proceeds by Lender. Subsequent to payment in full of the Foothill Obligations, Borrower hereby constitutes and appoints Lender, or Lender’s 's designated agent, as Borrower’s 's attorney-in-fact to exercise, at any time after the occurrence and during the continuance of an Event of Defaulttime, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment payment, performance, and observance of all of the DebtObligations:
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Collections and Receipt of Proceeds by Lender. Borrower hereby constitutes and appoints Lender, or Lender’s 's designated agent, as Borrower’s 's attorney-in-fact to exercise, at any time after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Debt:
Appears in 1 contract
Samples: First Amendment Agreement (Aircraft Service International Group Inc)
Collections and Receipt of Proceeds by Lender. Borrower hereby constitutes and appoints Lender, or Lender’s 's designated agent, as Borrower’s 's attorney-in-fact to exercise, at any time time, after the occurrence and during the continuance continuation of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the DebtObligations:
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