Contingent Power of Attorney Sample Clauses

Contingent Power of Attorney. Each of Borrower and Co-Borrower has on and as of the date hereof executed and delivered to CFG a contingent power of attorney, which is attached hereto as Exhibit B and is coupled with an interest. Upon the occurrence and during the continuation of a Default or Event of Default, CFG at its option may invoke and exercise the Contingent Power of Attorney contained in Exhibit B and CFG shall have the rights and powers specified therein.