Common use of Secured Party Appointed Attorney-in-Fact Clause in Contracts

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 15 contracts

Samples: Security Agreement (Athena Bitcoin Global), Canadian Security Agreement (TILT Holdings Inc.), Canadian Security Agreement (TILT Holdings Inc.)

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Secured Party Appointed Attorney-in-Fact. The Each Grantor hereby appoints the Secured Party as the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 7 contracts

Samples: Security Agreement (TILT Holdings Inc.), Amended and Restated Security Agreement (TILT Holdings Inc.), Junior Security Agreement (TILT Holdings Inc.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s 's attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s 's discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 6 contracts

Samples: Loan and Security Agreement (Summit Semiconductor Inc.), Loan and Security Agreement (Summit Semiconductor Inc.), Loan and Security Agreement (Summit Semiconductor Inc.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party reasonably may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 6 contracts

Samples: Security Agreement (Deep Green Waste & Recycling, Inc.), Security Agreement (Deep Green Waste & Recycling, Inc.), Security Agreement (Deep Green Waste & Recycling, Inc.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 5 contracts

Samples: Security Agreement (Zoned Properties, Inc.), Security Agreement, Security Agreement (Sonic Foundry Inc)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the as Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 4 contracts

Samples: Security Agreement (Acer Therapeutics Inc.), Security Agreement (Pacific Ethanol, Inc.), Security Agreement (TCW Direct Lending LLC)

Secured Party Appointed Attorney-in-Fact. The Grantor Debtor hereby appoints the Secured Party the GrantorDebtor’s attorney-in-fact, with full authority in the place and stead of the Grantor Debtor and in the name of the Grantor Debtor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which that the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor Debtor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor Debtor hereby ratifies all that said attorneys the attorneys-in-fact shall lawfully do or cause to be done by virtue hereofof this appointment.

Appears in 4 contracts

Samples: Fourth Amended and Restated Security Agreement (Hawker Energy, Inc.), Security Agreement (Hawker Energy, Inc.), Security Agreement (Sara Creek Gold Corp.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s 's attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s 's discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 3 contracts

Samples: Security Agreement (Paramount Gold Nevada Corp.), Security Agreement (Riot Blockchain, Inc.), Security Agreement (Dataram Corp)

Secured Party Appointed Attorney-in-Fact. The Grantor Grantors hereby appoints appoint the Secured Party the Grantor’s Grantors’ attorney-in-fact, with full authority in the place and stead of the Grantor Grantors and in the name of the Grantor Grantors or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may reasonably deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor Grantors or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor Grantors hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 2 contracts

Samples: Guaranty Agreement (Boxlight Corp), Guaranty Agreement (Boxlight Corp)

Secured Party Appointed Attorney-in-Fact. The Each Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Security Agreement (but the Secured Party shall not be obligated to and shall have no liability to the such Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Augusta Gold Corp.), Guaranty and Security Agreement (Augusta Gold Corp.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time [during the continuance of an Event of Default Default] in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Security Agreement (Renewable Innovations, Inc.)

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Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Security Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Security Agreement (American Cannabis Company, Inc.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Triggering Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Security Agreement (Cardiff Lexington Corp)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall will not be obligated to and shall will have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be is irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Security Agreement (Athena Bitcoin Global)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocableirrevocable during the continuance of an Event of Default. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereofhereof in accordance with this Agreement.

Appears in 1 contract

Samples: Security Agreement (Traqiq, Inc.)

Secured Party Appointed Attorney-in-Fact. The Grantor hereby appoints the Secured Party the Grantor’s attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time during the continuance of an Event of Default Default, in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take action). This appointment, being coupled with an interest, shall be irrevocable. The Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Security Agreement (Deer Valley Corp)

Secured Party Appointed Attorney-in-Fact. The Each Grantor hereby appoints the Secured Party the as such Grantor’s attorney-in-fact, with full authority in the place and stead of the such Grantor and in the name of the such Grantor or otherwise, from time to time during the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any instrument which the Secured Party reasonably may deem necessary or advisable to accomplish the purposes of cause this Agreement to be enforced in accordance with its terms (but the Secured Party shall not be obligated to and shall have no liability to the Grantor or any third party for failure to do so or take such action). This appointment, being coupled with an interest, shall be irrevocable. The Such Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.

Appears in 1 contract

Samples: Debt and Security Agreement (TILT Holdings Inc.)

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