Common use of Power of Attorney Clause in Contracts

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 32 contracts

Samples: Loan and Security Agreement (Aldagen Inc), Loan and Security Agreement (Rally Software Development Corp), Loan and Security Agreement (On24 Inc)

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Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 29 contracts

Samples: Loan and Security Agreement (Igi Laboratories, Inc), Loan and Security Agreement (LOCAL.COM), Loan and Security Agreement (Heat Biologics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower Grantor hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as BorrowerGrantor’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse BorrowerGrantor’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign BorrowerGrantor’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to BorrowerGrantor’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; (g) file Grantor’s tax returns and related documents with the appropriate governmental authority; (h) enter into a short-form intellectual property security agreement consistent with the terms of this Agreement for recording purposes only or modify, in its sole discretion, any intellectual property security agreement entered into between Grantor and Bank without first obtaining Grantor’s approval of or signature to such modification by amending the exhibits or schedules thereof, as appropriate, to include reference to any right, title or interest in any Copyrights, Patents, Trademarks or other intellectual property collateral acquired by Grantor after the execution hereof or to delete any reference to any right, title or interest in any Copyrights, Patents, Trademarks or other Intellectual Property Collateral in which Grantor no longer has or claims to have any right, title or interest; and (gi) file, in its sole discretion, one or more financing statements, financing change statements or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower Grantor where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower Grantor on any of the documents described in clause clauses (gh) and (i) above, regardless of whether an Event of Default has occurred. The appointment of Bank as BorrowerGrantor’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Secured Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 14 contracts

Samples: Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; (g) enter into a short-form intellectual property security agreement consistent with the terms of this Agreement for recording purposes only or modify, in its sole discretion, any intellectual property security agreement entered into between Borrower and Bank without first obtaining Borrower’s approval of or signature to such modification by amending Exhibits A, B, and C, thereof, as appropriate, to include reference to any right, title or interest in any Copyrights, Patents or Trademarks acquired by Borrower after the execution hereof or to delete any reference to any right, title or interest in any Copyrights, Patents or Trademarks in which Borrower no longer has or claims to have any right, title or interest; and (gh) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause clauses (g) and (h) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 9 contracts

Samples: Loan and Security Agreement (Neophotonics Corp), Loan and Security Agreement (Aldagen Inc), Loan and Security Agreement (NephroGenex, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 8 contracts

Samples: Loan and Security Agreement (Santarus Inc), Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.), Loan and Security Agreement (Vocera Communications, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 7 contracts

Samples: Loan and Security Agreement (SendGrid, Inc.), Loan and Security Agreement (SendGrid, Inc.), Loan and Security Agreement (Otonomy, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 5 contracts

Samples: Loan and Security Agreement (Nutanix, Inc.), Loan and Security Agreement (Nutanix, Inc.), Loan and Security Agreement (K2 Therapeutics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign such Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 5 contracts

Samples: Loan and Security Modification Agreement (Winc, Inc.), Loan and Security Agreement (Uni-Pixel), Loan and Security Agreement (Uni-Pixel)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank Agent (and any of BankAgent’s designated officers, officers or employees) (for the benefit of the Lenders) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankAgent’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into BankAgent’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Agent determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank that Agent may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank Agent as Borrower’s attorney in fact, and each and every one of BankAgent’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed performed, and Bankeach Lender’s obligation to provide advances hereunder is terminated.

Appears in 4 contracts

Samples: Loan and Security Agreement (Kala Pharmaceuticals, Inc.), Loan and Security Agreement (Kala Pharmaceuticals, Inc.), Loan and Security Agreement (Kala Pharmaceuticals, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral; and (h) to transfer the Intellectual Property Collateral without into the signature name of Borrower where Bank or a third party to the extent permitted by lawunder the California Uniform Commercial Code; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred, including without limitation to modify, in its sole discretion, any intellectual property security agreement entered into between Borrower and Bank without first obtaining Borrower’s approval of or signature to such modification by amending Exhibits A, B, and C, thereof, as appropriate, to include reference to any right, title or interest in any Copyrights, Patents or Trademarks acquired by Borrower after the execution hereof or to delete any reference to any right, title or interest in any Copyrights, Patents or Trademarks in which Borrower no longer has or claims to have any right, title or interest. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations and obligations that expressly survive termination) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Silicon Image Inc), Loan and Security Agreement (Soundbite Communications Inc), Loan and Security Agreement (Crystal Decisions Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Acorn Energy, Inc.), Loan and Security Agreement (Enumeral Biomedical Holdings, Inc.), Loan and Security Agreement (Enumeral Biomedical Holdings, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower each Loan Party hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrowersuch Loan Party’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrowersuch Loan Party’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrowersuch Loan Party’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower such Loan Party where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower such Loan Party on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrowereach Loan Party’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Advances hereunder is terminated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Apex Technology Acquisition Corp), Loan and Security Agreement (Apex Technology Acquisition Corp), Loan and Security Agreement (AvePoint, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, officers or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, Accounts and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, settle and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided that Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)

Power of Attorney. Effective only Grantor irrevocably appoints Bank (and any of Bank's designated officers or employees) as Grantor's true and lawful attorney to, upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s Grantor's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s Grantor's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s Grantor's policies of insurance; and (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower Grantor on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s Grantor's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than contingent obligations in respect of indemnities) have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Security Agreement (Sonic Solutions/Ca/), Loan and Security Agreement (Ultra Clean Holdings Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (h) to transfer the Intellectual Property Collateral into the name of Bank or a third party to the extent permitted under the Code; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.), Guaranty and Security Agreement (Cinedigm Corp.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Artes Medical Inc), Loan and Security Agreement (Santarus Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; reasonable and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rubius Therapeutics, Inc.), Loan and Security Agreement (Rubius Therapeutics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the ----------------- continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; law provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Seachange International Inc), Loan and Security Agreement (Seachange International Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) to transfer the Intellectual Property Collateral into the name of Bank or a third party to the extent permitted under the California Uniform Commercial Code, provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sagent Technology Inc), Loan and Security Agreement (E Loan Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance existence of an Event of Default, Borrower hereby irrevocably appoints Bank Lender (and any of BankLender’s designated officers, officers or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankLender’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into BankLender’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, Accounts and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, settle and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Lender determines to be reasonable; and (g) to amend or otherwise modify, in its sole discretion, the IP Security Agreement, without first obtaining Borrower’s approval of or signature to such amendment or modification; (h) to transfer the Intellectual Property into the name of Lender or a third party to the extent permitted under the Code; and (i) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank that Lender may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank Lender as Borrower’s attorney in attorney-in-fact, and each and every one of BankLender’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid satisfied and performed and Bank’s obligation to provide advances hereunder is terminatedperformed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Borland Software Corp), Loan and Security Agreement (Starbase Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xilio Therapeutics, Inc.), Loan and Security Agreement (Xilio Therapeutics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign such Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until (x) such Event of Default is waived by Bank or (y) all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower each Loan Party hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s such Loan Party's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors Account Debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s such Loan Party's name on any checks or other forms of payment or security that may come into Bank’s 's possession, cash or deposit such checks or other items of payment or security, and apply to the Obligations all proceeds of such checks or other items; (c) sign Borrower’s such Loan Party's name on any invoice or xxxx bill of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s such Loan Party's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower such Loan Party where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower such Loan Party on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s each Loan Party's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed Paid in Full and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminatedterminated (it being understood that any such Obligations will continue to be effective or automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Obligations is rescinded or must otherwise be restored or returned by Bank for any reason, including as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, as though such payment had not been made, it being further understood that in the event payment of all or any part of the Obligations is rescinded or must be restored or returned, all reasonably out-of-pocket costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements) incurred by Bank in defending and enforcing such reinstatement shall be deemed to be included as part of the Obligations)).

Appears in 2 contracts

Samples: Loan and Security Agreement (PhenomeX Inc.), Loan and Security Agreement (IsoPlexis Corp)

Power of Attorney. Effective only upon the occurrence and during the ---------------- continuance of an Event of Default, Default Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, officers or employees) as Borrower’s 's true and lawful attorney attorney, with power to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign the name of Borrower on any of the documents described in Section 4.2 (regardless of whether an Event of Default has occurred); (d) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in 's attorney-in-fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Seachange International Inc), Loan and Security Agreement (Seachange International Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors Account Debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtorsAccount Debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtorsAccount Debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts Accounts directly with account debtorsAccount Debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) to transfer any intellectual property Collateral into the name of Bank or a third party to the extent permitted under the California Uniform Commercial Code, provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have Indebtedness has been fully repaid and performed and Bank’s 's obligation to provide advances Advances hereunder is terminated.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Avanex Corp), Revolving Credit and Security Agreement (Avanex Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnification or reimbursement obligations) have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (908 Devices Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Evolving Systems Inc), Loan and Security Agreement (Evolving Systems Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnification or reimbursement obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Unum Therapeutics, Inc.), Loan and Security Agreement (Unum Therapeutics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnification obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Kaleido Biosciences, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx bill of lading relating to any Account, drafts against account debtorsdebtorx, schedules xchedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Medicines Co/ Ma)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign such Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) whether or not an Event of Default has occurred that is continuing, file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (SharpSpring, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, above regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Spy Optic Inc)

Power of Attorney. Effective only upon The Borrower hereby appoints the Agent and the Agent's designee as the Borrower's attorney, with power: (a) from and after the acceleration of the Obligations following the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any subject to the provisions of Bank’s designated officersthe Intercreditor Agreement, or employees) as to endorse the Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s 's name on notices of assignment and on any checks checks, notes, acceptances, money orders, or other forms of payment or security that may come into Bank’s possessionthe Agent's or any Lender's possession in connection with perfecting any Agent's Lien on Collateral; (b) to sign the Borrower's name on financing statements and other public records and to file any such financing statements by electronic means with or without a signature as authorized or required by applicable law or filing procedure to the extent necessary to perfect the Agent's Lien on the Collateral; (c) from and after the acceleration of the Obligations following the occurrence of an Event of Default, to notify the post office authorities to change the address for delivery of the Borrower's mail to an address designated by the Agent and to receive, open and dispose of all mail addressed to the Borrower, and to send requests for verification of Accounts to customers or Account Debtors; and (d) after the occurrence and during the continuance of any Event of Default, to sign the Borrower’s 's name on any invoice or invoice, xxxx of lading lading, warehouse receipt or other document of title relating to any AccountCollateral, on drafts against account debtors, schedules customers and on assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any . None of the Collateral without Lenders or the signature Agent nor their attorneys will be liable for any acts or omissions or for any error of Borrower where permitted by judgment or mistake of fact or law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powersThis power, being coupled with an interest, is irrevocable until all of this Agreement has been terminated and the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminatedsatisfied.

Appears in 1 contract

Samples: Loan and Security Agreement (Merisel Inc /De/)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints the Bank (and any of the Bank’s 's designated officers, or employees) as such Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of the Bank’s 's security interest in the Accounts; (b) endorse such Borrower’s 's name on any checks or other forms of payment or security that may come into the Bank’s 's possession; (c) sign such Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s 's policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which the Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of such Borrower where permitted by law; provided the Bank may exercise such power of attorney to sign the name of such Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of the Bank as each Borrower’s 's attorney in fact, and each and every one of the Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and the Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (db) dispose of any Collateral; (ec) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (fd) settle sell, assign, transfer, pledge, compromise, discharge or otherwise dispose of any Collateral; (e) execute on behalf of Borrower any and adjust disputes all instruments, documents, financing statements and claims respecting the accounts directly with account debtorslike to perfect Bank’s interests in the Collateral and file, for amounts in its sole discretion, one or more financing or continuation statements and upon terms which Bank determines amendments thereto, relative to be reasonableany of the Collateral; and (gf) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawBorrower; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (ge) or (f) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than contingent indemnification obligations with respect to which no claim has been made) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Intelepeer Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower Borrowers hereby irrevocably appoints appoint Bank (and any of Bank’s designated officers, or employees) as Borrower’s Borrowers’ true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse either of Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign either of Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to either Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of the applicable Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of the applicable Borrower on any of the documents described in clause clauses (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s Borrowers’ attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteinsimple)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (h) enforce any rights under the Charter and otherwise against any Investors or other Persons, including the right to compel Investors to make Capital Contributions and otherwise to perform their obligations under the Charter; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder Advances is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Star Mountain Lower Middle-Market Capital Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower Borrowers hereby irrevocably appoints appoint Bank (and any of Bank’s designated officers, or employees) as each Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse each Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign each Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to a Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (LDR Holding Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (except inchoate indemnification obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (NeuroMetrix, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse a Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign a Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to a Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Vaughan Foods, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid (other than inchoate indemnity obligations) and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Cidara Therapeutics, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) provided Bank may exercise such power of attorney attorney, to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Eprise Corp)

Power of Attorney. Effective only upon the occurrence and ----------------- during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as such Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse such Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign such Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) fileto modify, in its sole discretion, one any intellectual property security agreement entered into between such Borrower and Bank without first obtaining such Borrower's approval of or more financing or continuation statements signature to such modification by amending Exhibit A, Exhibit B, Exhibit C, and amendments theretoExhibit D, relative thereof, as appropriate, to include reference to any of right, title or interest in any Copyrights, Patents, Trademarks, Mask Works acquired by such Borrower after the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.execution

Appears in 1 contract

Samples: Loan and Security Agreement (SQL Financials International Inc /De)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign BorrowerXxxxxxxx’s name on any invoice or xxxx bill of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to BorrowerXxxxxxxx’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) whether or not an Event of Default has occurred that is continuing, file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as BorrowerXxxxxxxx’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Zedge, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Enforcing Bank or Banks (and any of Bank’s their designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Collateral Agent's or Enforcing Bank’s 's security interest in the Accounts, on behalf of and for the benefit of Banks; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into any Collateral Agent's or Enforcing Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, ; schedules and assignments of Accounts, verifications verification of Accounts, and notices to account debtors; (d) dispose of any Collateral; (edebtors;(d) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Enforcing Bank or such Bank determines to be reasonable; and (g) file, in its sole discretion, one provided Enforcing Bank or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided such Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, SECTION 4.2 regardless of whether an Event of Default has occurred. The appointment of Enforcing Bank or Banks as Borrower’s 's attorney in fact, and each and every one of Enforcing Bank’s 's or Bank's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s Banks' obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any each of Bank’s 's designated officers, officers or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest interests and Liens in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) during the continuation of any Event of Default: (i) dispose of any Collateral; (eii) make, settle, settle and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (fiii) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (giv) transfer all or any part of the Collateral into the name of Bank or a third party to the extent permitted under the California Uniform Commercial Code; and (e) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, thereto relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations of Borrower and its Subsidiaries have been fully repaid and performed performed, and all of Bank’s obligation 's obligations to provide advances hereunder is Advances, other Credit Extensions and any other extensions of credit or other financial accommodations to Borrower or any of its Subsidiaries under this Agreement or any of the other Loan Documents shall have terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Orchid Biosciences Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank Lender (and any of BankLender’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankLender’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into BankLender’s possession, cash or deposit such checks or other items of payment or security, and apply to the Obligations all proceeds of such checks or other items; (c) sign such Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any CollateralCollateral and apply all cash sale proceeds to the Obligations; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insuranceinsurance and apply to the Obligations all amounts received by Lender pursuant to such policies; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Lender determines to be reasonable, and apply to the Obligations all amounts received by Lender in connection with any such settlement and adjustment; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank Lender as each Borrower’s attorney in fact, and each and every one of BankLender’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankLender’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Enservco Corp)

Power of Attorney. Effective Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (cb) sign Borrower’s name on any invoice or xxxx of lading relating to for any Account, Account or drafts against account debtorsAccount Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, schedules for amounts and assignments of Accounts, verifications of Accounts, and notices to account debtorson terms Bank determines reasonable; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insuranceinsurance policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; (f) settle and adjust disputes and claims respecting transfer the accounts directly with account debtors, for amounts and upon terms which Collateral into the name of Bank determines to be reasonableor a third party as the Code permits; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the Borrower’s name of Borrower on any documents necessary to perfect or continue the perfection of the documents described in clause (g) above, regardless of whether an Event of Default has occurredany security interest. The Bank’s foregoing appointment of Bank as Borrower’s attorney in fact, and each and every one all of Bank’s rights and powers, being coupled with an interest, is are irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminatedCredit Extensions terminates or the earlier termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Luca Technologies Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan Modification Agreement (Art Technology Group Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Enforcing Bank or the Banks (and any of Bank’s their designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Collateral Agent's or Enforcing Bank’s 's security interest in the Accounts, on behalf of and for the benefit of the Banks; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Collateral Agent's or any Enforcing Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Enforcing Bank or such Bank determines to be reasonable; and (g) file, in its sole discretion, one provided Enforcing Bank or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided such Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, SECTION 4.2 regardless of whether an Event of Default has occurred. The appointment of Enforcing Bank or the Banks as Borrower’s 's attorney in fact, and each and every one of Enforcing Bank’s 's or the Banks' rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s Banks' obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts Accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) transfer the Collateral into the name of Bank or a third party to the extent permitted under the California Uniform Commercial Code provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiac Pathways Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank Administrative Agent (and any of BankAdministrative Agent’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a1) send requests for verification of Accounts or notify account debtors Account Debtors of BankAdministrative Agent’s and Lenders’ security interest in the Accounts; (b1) endorse Borrower’s name on any checks or other forms of payment or security that may come into BankAdministrative Agent’s possession; (c1) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtorsAccount Debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtorsAccount Debtors; (d1) dispose of any Collateral; (e1) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f1) settle and adjust disputes and claims respecting the accounts directly with account debtorsAccount Debtors, for amounts and upon terms which Bank Administrative Agent determines to be reasonable; and (g1) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank Administrative Agent may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank Administrative Agent as Borrower’s attorney in fact, and each and every one of BankAdministrative Agent’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankAdministrative Agent’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Trupanion Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insuranceinsurance that relate to Collateral; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Array Biopharma Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxim Wireless Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank Administrative Agent (and any of BankAdministrative Agent’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankAdministrative Agent’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into BankAdministrative Agent’s possession; (c) sign such Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Administrative Agent determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank Administrative Agent as each Borrower’s attorney in fact, and each and every one of BankAdministrative Agent’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankAdministrative Agent’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; , provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Versata Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to the extent permitted by law to exercise any of the following powers with respect to all or any of the Collateral to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insuranceinsurance covering the Collateral; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless Section 4.2 after the occurrence of whether an Event of Default has occurredDefault. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Faxsav Inc)

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Power of Attorney. Effective only upon the occurrence and during ----------------- the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s Borrowers true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s Borrowers name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s Borrowers name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) aboveSection 4.2, with respect to the preservation of Bank's interests in the Collateral, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s Borrowers attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Matrixone Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f1) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Augmedix, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (ec) make, settle, and adjust all disputes and claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Aldagen Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign such Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations and any obligations that, by their terms, survive the termination of this Agreement) have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Realnetworks Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts Accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than any inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Verenium Corp)

Power of Attorney. Effective only upon the occurrence and during the ----------------- continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as such Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse a Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign a Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle insurance and adjust disputes and claims respecting the accounts directly with account debtors, Accounts for amounts and upon terms which Bank determines to be reasonable; and (ge) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any dispose of the Collateral without in accordance with the signature of Borrower where permitted by lawCode; provided Bank may exercise such power of attorney to sign the name of a Borrower on any of the documents described in clause (g) aboveSection 4.2 relating to the perfection of Bank's security interest in the Collateral, regardless of whether an Event of Default has occurred. The appointment of Bank as a Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Ise Labs Inc)

Power of Attorney. Effective Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (cb) sign Borrower’s name on any invoice or xxxx of lading relating to for any Account, Account or drafts against account debtorsAccount Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, schedules for amounts and assignments of Accounts, verifications of Accounts, and notices to account debtorson terms Bank determines reasonable; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insuranceinsurance policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; (f) settle and adjust disputes and claims respecting transfer the accounts directly with account debtors, for amounts and upon terms which Collateral into the name of Bank determines to be reasonableor a third party as the Code permits; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the Borrower’s name of Borrower on any documents necessary to perfect or continue the perfection of the documents described in clause (g) above, regardless of whether an Event of Default has occurredany security interest. The Bank’s foregoing appointment of Bank as Borrower’s attorney in fact, and each and every one all of Bank’s rights and powers, being coupled with an interest, is are irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminatedCredit Extensions terminates.

Appears in 1 contract

Samples: Loan and Security Agreement (Luca Technologies Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank Agent (and any of BankAgent’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankAgent’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into BankAgent’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Agent determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (h) to dispose of the Collateral to the extent permitted under the Code; provided Bank Agent may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4 regardless of whether an Event of Default has occurred. The appointment of Bank Agent as Borrower’s attorney in fact, and each and every one of BankAgent’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankAgent’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Ubiquiti Networks, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (f) [reserved]; (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided and (h) [reserved], PROVIDED Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Maxim Pharmaceuticals Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower Borrowers hereby irrevocably appoints appoint Bank (and any of Bank’s designated officers, or employees) as each Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse each Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign each Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to a Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of a Borrower on any of the documents described in clause clauses (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Obalon Therapeutics Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of DefaultDefault (after giving effect to any applicable grace or cure period), Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to furtherance of the exercise of any of the Collateral without the signature of Borrower where permitted by law; Bank's rights and remedies set forth in Section 9.1 hereof, provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Versatility Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (gf) above, above regardless of whether an Event of Default has occurredoccurred and is continuing. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (GSV Capital Corp.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse a Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign a Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to a Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as a Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Document Capture Technologies, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, in accordance with the security interest in the Collateral granted hereunder, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Opentable Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any CollateralCollateral to the extent authorized elsewhere in this Agreement; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) 0 settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than Surviving Obligations) have been fully repaid and performed and Bank’s obligation to provide advances Term Loans hereunder is terminated.. TheRealReal, Inc. LSA 17

Appears in 1 contract

Samples: Loan and Security Agreement (TheRealReal, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s Banks possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s Banks rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Reliant Technologies Inc)

Power of Attorney. Effective only upon Upon the occurrence and during the continuance continuation of an Event of Default, Borrower hereby irrevocably makes, constitutes, and appoints Bank Lender (and any of BankLender’s designated officers, employees, or employeesagents designated by Lender) as Borrower’s true and lawful attorney to: attorney, with power to (a) send requests for verification if Borrower refuses to, or fails timely to execute and deliver any of Accounts or notify account debtors the documents described in Section 7.4, sign the name of Bank’s security interest Borrower on any of the documents described in the Accounts; Section 7.4, (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) ), sign Borrower’s name on any invoice or xxxx of lading relating to any AccountBorrower Collateral, drafts against account debtorsAccount Debtors, schedules and assignments or notices to Account Debtors, (c) send requests (or make telephone inquiry) for verification of Borrower’s Accounts, verifications of Accounts, and notices to account debtors; (d) dispose endorse Borrower’s name on any of any Collateral; its payment items (including all of its Collections) that may come into Lender’s possession, (e) make, settle, and adjust all claims under Borrower’s policies of insurance and make all determinations and decisions with respect to Borrower’s such policies of insurance; , and (f) settle and adjust disputes and claims respecting the accounts Borrower’s Accounts, chattel paper, or General Intangibles directly with account debtorsAccount Debtors, for amounts and upon terms which Bank that Lender determines to be reasonable; and (g) file, in its sole Lender’s discretion, one or more financing or continuation statements and amendments thereto, relative Lender may cause to be executed and delivered any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney documents and releases that Lender determines to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredbe necessary. The appointment of Bank Lender as Borrower’s attorney in factupon the occurrence and during the continuation of an Event of Default, and each and every one of Bank’s its rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully and finally repaid and performed and BankLender’s obligation obligations to provide advances extend credit hereunder is are terminated.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Lexicon Pharmaceuticals, Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign BorrowerBxxxxxxx’s name on any invoice or xxxx bill of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to BorrowerBxxxxxxx’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower Bxxxxxxx on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as BorrowerBxxxxxxx’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank PBF (and any of Bank’s PBF's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s PBF's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s PBF's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (fe) settle and adjust disputes and claims respecting the accounts Accounts directly with account Account debtors, for amounts and upon terms which Bank PBF determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank PBF may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 and otherwise to perfect and continue perfected PBF's Liens in the Collateral regardless of whether an Event of Default has occurred. The appointment of Bank PBF as Borrower’s attorney in 's attorney-in-fact, and each and every one of Bank’s PBF's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminatedperformed.

Appears in 1 contract

Samples: Loan and Security Agreement (Southwall Technologies Inc /De/)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnification or reimbursement obligations) have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (908 Devices Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower Borrowers hereby irrevocably appoints Bank appoint Agent (and any of BankAgent’s designated officers, or employees) as each Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankAgent’s security interest in the Accounts; (b) endorse a Borrower’s name on any checks or other forms of payment or security that may come into BankAgent’s possession; (c) sign a Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to a Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Agent determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower Borrowers where permitted by law; and (h) dispose of the Collateral to the extent permitted under the Code; provided Bank Agent may exercise such power of attorney to sign the name of a Borrower on any of the documents stock powers described in clause (g) above, Section 4 regardless of whether an Event of Default has occurred. The appointment of Bank Agent as each Borrower’s attorney in fact, and each and every one of BankAgent’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankAgent’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Aviza Technology, Inc.)

Power of Attorney. Effective only upon To effectuate the occurrence terms and during the continuance provisions hereof, Guarantor hereby designates and appoints Secured Party and each of an Event its designees or agents as attorney-in-fact of DefaultGuarantor, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officersirrevocably, or employees) as Borrower’s true and lawful attorney with authority to: (ai) send endorse the name of Guarantor on any notes, acceptances, checks, drafts, money orders, instruments or other evidences of the Pledged Collateral that may come into Secured Party's possession; (ii) sign the name of Guarantor on any invoices, documents, drafts against and notices to account debtors or obligors of Guarantor, assignments and requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accountsaccounts; (biii) endorse Borrower’s name on any checks or other forms execute proofs of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating claim and loss with respect to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any the Pledged Collateral; (eiv) makeexecute endorsements, settle, and adjust all claims under and decisions assignments or other instruments of conveyance or transfer with respect to Borrower’s policies of insurancethe Pledged Collateral; (fv) settle execute and adjust disputes and claims respecting file UCC financing statements and/or amendments thereto with respect to the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonablePledged Collateral; and (gvi) filedo all other acts and things necessary or advisable in the sole discretion of Secured Party to carry out and enforce this Agreement or the Note. All acts done under the foregoing authorization are hereby ratified and approved and neither Secured Party nor any designee or agent thereof shall be liable for any acts of commission or omission, in for any error of judgment or for any mistake of fact or law, provided that Secured Party or any designee or agent thereof shall not be relieved of liability to the extent it is determined by a final judicial decision that its sole discretionact, one error or more financing mistake constituted gross negligence or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such willful misconduct. This power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, interest is irrevocable until all of while any the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminatedNote shall remain unpaid.

Appears in 1 contract

Samples: Pledge Agreement (Dualstar Technologies Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of DefaultDefault at any time that any Obligations are outstanding, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (h) to dispose of the Collateral to the extent permitted under the Code; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Therma Wave Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, employees or employeesagents) as Borrower’s 's true and lawful attorney attorney, with the power, commencing on the Trigger Date, to: (a) send requests for verification of Accounts or notify account debtors Account Debtors of Bank’s security interest in 's Lien against the Accounts, provided that at the time of the verification request or notification an Event of Default has occurred and is continuing; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s possession's possession which constitute proceeds of any of the Collateral; (c) sign Borrower’s 's name on any invoice or xxxx of bill xx lading relating to any Account, drafts against account debtorsAccount Debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtorsAccount Debtors; and (d) dispose during the continuance of any Collateral; (e) makean Event of Default, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, Account Debtors for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurredis continuing. The Bank's appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been are fully repaid and performed satisfied and Bank’s 's obligation to provide advances make Advances and issue Letters of Credit hereunder is terminatedterminated or expires.

Appears in 1 contract

Samples: Loan and Security Agreement (Vans Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (h) to transfer the Intellectual Property Collateral into the name of Bank or a third party to the extent permitted under the Code; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as such Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx bill of lading relating to any Account, drafts against account debtorsdebtorx, schedules xchedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as each Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Quovadx Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accountsaccounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Accountaccount, drafts against account debtors, schedules and assignments of Accountsaccounts, verifications of Accountsaccounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law;; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Biomarin Pharmaceutical Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankBanlc’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments assigmnents of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines Banlc detennines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank Banlc may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank Banlc as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed perfonned and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Olo Inc.)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank Lender (and any of BankLender’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of BankLender’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into BankLender’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank Lender determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurredCollateral. The appointment of Bank Lender as Borrower’s attorney in fact, and each and every one of BankLender’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and BankLender’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Focus Enhancements Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 to perfect and continue the perfection of Bank’s security interests in the Collateral regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts Accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Zonare Medical Systems Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and Gxxx Xxxx\PA\10260242.6 1090371-981500 16 notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; reasonable and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by lawCollateral; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Patient Infosystems Inc)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (e) to file, one or more financing statements relative to the Collateral without the signature of Borrower; and (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Juno Online Services Inc)

Power of Attorney. Effective only upon the occurrence and ----------------- during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney attorney, with power to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign the name of Borrower on any of the documents described in Section 4.2 (regardless of whether an Event of Default has occurred); (d) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in 's attorney-in-fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Quicklogic Corporation)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as Borrower’s true and lawful attorney to: (a) upon prior notice to Borrower, send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign Borrower’s name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s policies of insurance; (fe) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (gf) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; and (g) to transfer the Intellectual Property Collateral into the name of Bank or a third party to the extent permitted under the California Uniform Commercial Code, provided that Bank’s power of attorney hereunder with respect to the actions and powers under clauses (b) through (e) about shall be effective only upon the occurrence and during the continuance of an Event of Default, and provided further that Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in fact, and each and every one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances Advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Iridex Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Trubion Pharmaceuticals, Inc)

Power of Attorney. Effective only upon the occurrence and during the ----------------- continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, officers or employees) as Borrower’s 's true and lawful attorney attorney, with power to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign the name of Borrower on any of the documents described in Section 4.2 (regardless of whether an Event of Default has occurred); (d) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; and (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s attorney in 's attorney-in-fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (LTX Corp)

Power of Attorney. Effective only upon the occurrence and during the ----------------- continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, Section 4.2 regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances Credit Extensions hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Bank (and any of Bank’s 's designated officers, or employees) as Borrower’s 's true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s 's security interest in the Accounts; (b) endorse Borrower’s 's name on any checks or other forms of payment or security that may come into Bank’s 's possession; (c) sign Borrower’s 's name on any invoice or xxxx bxxx of lading relating to any Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Borrower’s 's policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of Borrower where permitted by law; provided Bank may exercise such power of attorney to sign the name of Borrower on any of the documents described in clause (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrower’s 's attorney in fact, and each and every one of Bank’s 's rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s 's obligation to provide advances hereunder is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Electroglas Inc)

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