Custodian Appointed Attorney-in-Fact and Agent. (a) The Pledgor hereby irrevocably appoints the Custodian 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 during which an Event of Default described in Section 6.1 exists (the Custodian being entitled to rely upon a notice from Pledgee that such Event of Default exists) or upon the Pledgor's failure to comply with the Collateral Requirement in accordance with the terms hereof, to take any action and to execute any instrument as directed by the Pledgee to accomplish the purposes of this Pledge Agreement with respect to the Account Funds, including without limitation:
Appears in 5 contracts
Samples: Pledge Agreement (Brookdale Living Communities Inc), Pledge Agreement (Brookdale Living Communities Inc), Pledge Agreement (Brookdale Living Communities Inc)
