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

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including:

Appears in 18 contracts

Samples: Credit Agreement (TransMedics Group, Inc.), Pledge and Security Agreement (TransMedics Group, Inc.), Pledge and Security Agreement (Unilife Corp)

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Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in fact solely for the place purpose of carrying out the provisions of this Agreement and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, 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 Security Agreementhereof, including:which appointment is irrevocable and coupled with an interest.

Appears in 6 contracts

Samples: Security Agreement (Material Technologies Inc /Ca/), Security Agreement (MATECH Corp.), Subordinated Security Agreement (Winwin Gaming Inc)

Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the attorney-in-fact, with full authority in fact of the place Grantor solely for the purpose of carrying out the provisions of this Agreement and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, 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 Security Agreementhereof, including:which appointment is irrevocable and coupled with an interest.

Appears in 4 contracts

Samples: Security Agreement (Greenshift Corp), Security Agreement (GS Cleantech Corp), Security Agreement (GS Energy CORP)

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following upon the occurrence and during the continuance of an Event of Default, in the Lender’s discretion, to take any action and to execute any instrument which that the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including, without limitation:

Appears in 3 contracts

Samples: Security Agreement (Verity Corp.), Verity Corp. Security Agreement Verity Farms (Verity Corp.), Security Agreement (Verity Corp.)

Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the Grantor's attorney-in-fact, with full authority in the place and stead of such the Grantor and in the name of such the Grantor or otherwise, from time to time in the Lender’s 's discretion, following the occurrence and during the continuance of an Event of Default, to take any action (including any action under the Management Agreement that the Grantor is entitled to take) and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including, without limitation:

Appears in 2 contracts

Samples: Security Agreement (Trace International Holdings Inc), Security Agreement (Trace International Holdings Inc)

Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the Grantor’s attorney-in-fact, with full authority in the place and stead of such the Grantor and in the name of such the Grantor or otherwise, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, Default 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 Security Agreement. This appointment, including:being coupled with an interest, and shall be irrevocable until the Obligations are paid in full.

Appears in 1 contract

Samples: Security Agreement (Singing Machine Co Inc)

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from at such time to time in the Lender’s discretion, following the occurrence and during the continuance of as an Event of DefaultDefault has occurred and is continuing under the Credit Agreement, to take any action and to execute any instrument which the Lender may reasonably deem necessary or advisable to accomplish the purposes of this Security Agreement, including:

Appears in 1 contract

Samples: Patent Security Agreement (Platinum Energy Solutions, Inc.)

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Lender Appointed Attorney-in-Fact. Each The Grantor hereby irrevocably appoints the Lender as its the Grantor's attorney-in-fact, with full authority in the place and stead of such the Grantor and in the name of such the Grantor or otherwise, from time to time in the Lender’s 's discretion, following the occurrence and during the continuance continuation of an Event of Default, to take any action and to execute any instrument which the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including:action

Appears in 1 contract

Samples: Security Agreement (Asm International N V)

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably designates and appoints the Lender as its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, but only following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Lender may deem reasonably necessary or advisable to accomplish the purposes of this Security Agreement, includingand:

Appears in 1 contract

Samples: Pledge and Security Agreement (DarioHealth Corp.)

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwiseGrantor, exercisable after the occurrence and during the continuation of a Default, from time to time in the Lender’s discretion, following the occurrence and during the continuance of an Event of Default, discretion to take any action and to execute any instrument which that the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including, without limitation:

Appears in 1 contract

Samples: Subsidiary Equity Pledge Agreement (Air T Inc)

Lender Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Lender as its such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Lender’s discretion, following upon the occurrence and during the continuance of an Event of Default, in the Lender’s discretion, to take any action and to execute any instrument which that the Lender may deem necessary or advisable to accomplish the purposes of this Security Agreement, including, without limitation:

Appears in 1 contract

Samples: Subsidiary Security Agreement (Verity Corp.)

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