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

Lender Appointed Attorney-in-Fact. The Pledgor hereby appoints the Lender 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 Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6), including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend, or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 4 contracts

Samples: Stock Pledge Agreement (First Albany Companies Inc), Stock Pledge Agreement (First Albany Companies Inc), Stock Pledge Agreement (Mechanical Technology Inc)

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Lender Appointed Attorney-in-Fact. The Pledgor hereby irrevocably appoints the Lender as 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 Lender's discretion otherwise to take any action and to execute any instrument which instrument, in each case after the occurrence and during the continuance of a Default, that the Lender may deem reasonably necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6)Pledge Agreement, including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend, distribution or other distribution principal or interest payment in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 2 contracts

Samples: Pledge Agreement (American Country Holdings Inc), Pledge Agreement (American Country Holdings Inc)

Lender Appointed Attorney-in-Fact. The Pledgor hereby irrevocably appoints the Lender the as Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor Pledgor, Lender or otherwise, from time to time after the occurrence of an Event of Default in the Lender's sole discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6)Agreement, including, without limitation, to receive, indorse endorse and collect all certificates or instruments made payable to the Pledgor representing any interest payment, dividend, or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 2 contracts

Samples: Employment Agreement (Copano Energy, L.L.C.), Employment Agreement (Copano Energy, L.L.C.)

Lender Appointed Attorney-in-Fact. The Pledgor hereby appoints the Lender 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 Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section section 6), including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend, or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 1 contract

Samples: Stock Pledge Agreement (Mechanical Technology Inc)

Lender Appointed Attorney-in-Fact. The Each Pledgor hereby appoints appoint the Lender the such Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor Pledgors and in the name of the Pledgor Pledgors or otherwise, from time to time in the Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor Pledgors under Section 6), including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor Pledgors representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable same except that such power of attorney may only be used by Lender after the occurrence and coupled with during the continuance of an interestEvent of Default.

Appears in 1 contract

Samples: Pledge Agreement (United Industrial Corp /De/)

Lender Appointed Attorney-in-Fact. The Pledgor hereby appoints the Lender 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, upon the occurrence and during the continuance of an Event of Default, from time to time in the Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6)Agreement, including, without limitation, to receive, indorse endorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same. This appointment shall be irrevocable so long as any Obligations have not been fully paid, which appointment as attorney-in-fact is irrevocable discharged and coupled with an interestsatisfied.

Appears in 1 contract

Samples: Cash Collateral Agreement (Cornerstone Properties Inc)

Lender Appointed Attorney-in-Fact. The Upon the occurrence and during the continuance of any Default, the Pledgor hereby appoints the Lender 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 Lender's ’s discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6)Agreement, including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend, interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 1 contract

Samples: Pledge Agreement (PORTRAIT INNOVATIONS HOLDING Co)

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Lender Appointed Attorney-in-Fact. The Pledgor hereby appoints the Lender 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 Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section section 6), including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend[, interest payment] or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 1 contract

Samples: Stock Pledge Agreement (Mechanical Technology Inc)

Lender Appointed Attorney-in-Fact. The Pledgor hereby appoints Lender as the Lender the Pledgor's attorney-in-fact, with full authority in fact for Pledgor for the place purposes of carrying out the provisions of this Pledge Agreement and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Lender's discretion to take taking any action and to execute executing any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to hereof which appointment is irrevocable and coupled with an interest. Without limiting the rights generality of the Pledgor under Section 6)foregoing, including, without limitation, Lender shall have the right and power to receive, indorse endorse and collect all instruments checks and other orders for the payment of money made payable to the Pledgor representing any dividend, dividend or other distribution payable or distributions in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 1 contract

Samples: Stock Pledge Agreement (Integrated Security Systems Inc)

Lender Appointed Attorney-in-Fact. The Pledgor hereby --------------------------------- appoints the Lender 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 Lender's discretion to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 6), including, without limitation, to receive, indorse and collect all instruments made payable to the Pledgor representing any dividend, dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same, which appointment as attorney-in-fact is irrevocable and coupled with an interest.

Appears in 1 contract

Samples: Pledge Agreement (Sulzer Medica Usa Holding Co)

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