Common use of Lender Authorization Clause in Contracts

Lender Authorization. 3.8.10.1. Borrower hereby irrevocably authorizes Lender and any designee of Lender, at Borrower’s sole expense, to exercise at any time in Lender’s or such designee’s Sole Discretion all or any of the following powers as attorney in fact of Borrower until all of the Obligations (other than contingent obligations) have been paid in full:

Appears in 4 contracts

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.), Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Andalay Solar, Inc.)

AutoNDA by SimpleDocs

Lender Authorization. 3.8.10.1. (a) Borrower hereby irrevocably authorizes Lender and any designee of Lender, at Borrower’s 's sole expense, to exercise at any time in Lender’s 's or such designee’s Sole Discretion 's reasonable discretion all or any of the following powers as attorney in fact of Borrower until all of the Obligations (other than contingent obligations) have been paid in full:

Appears in 1 contract

Samples: Loan and Security Agreement (Vertical Branding, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.