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

Secured Party Appointed Attorney-in-Fact. The Borrower hereby appoints the Secured Party its attorney-in-fact, with full power of substitution, for the purpose of taking such action and executing agreements, instruments and other documents, in the name of the Borrower, as expressly provided herein and as the Secured Party may deem necessary or advisable to accomplish the purposes hereof, which appointment is coupled with an interest and is irrevocable.

Appears in 6 contracts

Samples: Security Agreement, Security Agreement, Security Agreement

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Secured Party Appointed Attorney-in-Fact. The Borrower Debtor and Subsidiary hereby appoints the irrevocably appoint Secured Party as its attorney-in-fact, with full power authority in the place and stead of substitution, for the purpose of taking such action Debtor and executing agreements, instruments Subsidiary and other documents, in the name of the BorrowerDebtor and Subsidiary, as expressly provided herein Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and as the to execute any instrument that Secured Party may deem necessary or advisable after the occurrence and during the continuation of an Event of Default to accomplish the purposes hereofof this Agreement, which appointment is coupled with an interest and is irrevocable.including, without limitation:

Appears in 5 contracts

Samples: Security Agreement (Interiors Inc), Escrow Agreement (American International Petroleum Corp /Nv/), Security Agreement (Interiors Inc)

Secured Party Appointed Attorney-in-Fact. The Borrower Debtor hereby irrevocably appoints the Secured Party as its attorney-in-fact, with full power authority in the place and stead of substitution, for the purpose of taking such action Debtor and executing agreements, instruments and other documents, in the name of the BorrowerDebtor, as expressly provided herein Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and as the to execute any instrument that Secured Party may deem necessary or advisable after the occurrence and during the continuation of an Event of Default to accomplish the purposes hereofof this Agreement, which appointment is coupled with an interest and is irrevocable.including, without limitation:

Appears in 5 contracts

Samples: Security Agreement (Avitar Inc /De/), Security Agreement (Donini Inc), Security Agreement (Donini Inc)

Secured Party Appointed Attorney-in-Fact. The Borrower Debtor hereby appoints the Secured Party its as Debtor's attorney-in-fact, fact with full power authority in the place and stead of substitution, for the purpose of taking such action Debtor and executing agreements, instruments and other documents, in the name of Debtor or otherwise, from time to time in the Borrower, as expressly provided herein Secured Party's sole and as absolute discretion to take any action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes hereof, which appointment of this Security Agreement. Debtor acknowledges that the foregoing grant of power of attorney is coupled with an interest and is irrevocable.

Appears in 4 contracts

Samples: Security and Participation Agreement (Camelot Entertainment Group, Inc.), Security Agreement (Camelot Entertainment Group, Inc.), Security Agreement (Camelot Entertainment Group, Inc.)

Secured Party Appointed Attorney-in-Fact. The Borrower Debtor hereby irrevocably appoints the each Secured Party as its attorney-in-fact, with full power authority in the place and stead of substitution, for the purpose of taking such action Debtor and executing agreements, instruments and other documents, in the name of the BorrowerDebtor, as expressly provided herein Secured Party or otherwise, from time to time in Secured Party's discretion to take any action and as the to execute any instrument that Secured Party may deem necessary or advisable after the occurrence and during the continuation of an Event of Default to accomplish the purposes hereofof this Agreement, which appointment is coupled with an interest and is irrevocable.including, without limitation:

Appears in 2 contracts

Samples: Security Agreement (Spatializer Audio Laboratories Inc), Security Agreement (Spatializer Audio Laboratories Inc)

Secured Party Appointed Attorney-in-Fact. The Borrower hereby irrevocably appoints the Secured Party its as Borrower's attorney-in-fact, with full power authority in the place and stead of substitution, for the purpose of taking such action Borrower and executing agreements, instruments and other documents, in the name of the Borrower, as expressly provided herein Secured Party or otherwise, to, after the occurrence and as during the continuance of an Event of Default, take any action and to execute any instrument which Secured Party may deem necessary or advisable to accomplish the purposes hereofof this Security Agreement, which appointment is coupled with an interest and is irrevocable.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Visual Data Corp)

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Secured Party Appointed Attorney-in-Fact. The Borrower hereby appoints the Secured Party its attorney-in-fact, with full power of substitution, for the purpose of taking such action and executing agreements, instruments and other documents, in the name of the BorrowerXxxxxxxx, as expressly provided herein and as the Secured Party may deem necessary or advisable to accomplish the purposes hereof, which appointment is coupled with an interest and is irrevocable.

Appears in 1 contract

Samples: Security Agreement

Secured Party Appointed Attorney-in-Fact. The Borrower hereby irrevocably appoints the Secured Party as its attorney-in-fact, with full power authority in the place and stead of substitution, for the purpose of taking such action Borrower and executing agreements, instruments and other documents, in the name of the BorrowerBorrower or otherwise, as expressly provided herein at any time, to take any action and as to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes hereofof this Agreement, which appointment is coupled with an interest and is irrevocable.including, without limitation:

Appears in 1 contract

Samples: Security Agreement (Ampex Corp /De/)

Secured Party Appointed Attorney-in-Fact. The Borrower hereby appoints the Secured Party its attorney-in-fact, with full power of substitution, for the purpose of taking such action and executing agreements, instruments and other documents, in the name of the Borrower, as expressly provided herein and as the Secured Party may deem necessary or advisable to accomplish the purposes hereof, which appointment is coupled with an interest and is irrevocable.

Appears in 1 contract

Samples: Security Agreement

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