Common use of Warrant of Attorney Clause in Contracts

Warrant of Attorney. Each Borrower authorizes any attorney of record to appear for it in any court of record in the State of Ohio, after the obligations hereunder become due, whether by acceleration or otherwise, to waive the issuance and service of process, and release all errors, and to confess judgment against it in favor of Lender for the amount then appearing due together with interest, charges, court costs and attorneys’ fees. Stay of execution and all exemptions are hereby waived. EACH BORROWER AND ANY ENDORSER OR ANY GUARANTOR AGREES THAT AN ATTORNEY WHO IS COUNSEL TO LENDER OR ANY OTHER HOLDER OF SUCH OBLIGATION MAY ALSO ACT AS ATTORNEY OF RECORD FOR ANY OF THE BORROWERS WHEN TAKING THE ACTIONS DESCRIBED ABOVE IN THIS SECTION. BORROWERS AGREE THAT ANY ATTORNEY TAKING SUCH ACTIONS MAY BE PAID FOR THOSE SERVICES BY LENDER OR HOLDER OF SUCH OBLIGATION, BORROWERS WAIVE ANY CONFLICT OF INTEREST THAT MAY BE CREATED BECAUSE THE ATTORNEY REPRESENTING THE BORROWERS IS BEING PAID BY LENDER OR THE HOLDER OF SUCH OBLIGATION.

Appears in 1 contract

Samples: Forbearance Agreement (Dpac Technologies Corp)

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Warrant of Attorney. Each Borrower Debtor authorizes any attorney of record to appear for it or him in any court of record in the State of Ohio, after maturity of the obligations hereunder become dueObligations, whether by the terms of this Agreement, the other Loan Documents or any other agreement or instrument evidencing or governing the terms thereof, or upon default, acceleration or otherwise, to waive the issuance and service of process, and release all errors, and to confess judgment against it or him in favor of Lender Bank for the amount then appearing of the Obligations due Bank together with interest, charges, court costs and reasonable attorneys’ fees. Stay of execution and all exemptions are hereby waived. EACH BORROWER AND ANY ENDORSER OR ANY GUARANTOR AGREES If this Agreement, the other Loan Documents or any Obligation is referred to an attorney for collection, Debtors shall pay to Bank or the then holder of the Obligations its reasonable attorneys’ fees. DEBTORS AGREE THAT AN ATTORNEY WHO IS COUNSEL TO LENDER BANK OR ANY OTHER HOLDER OF SUCH OBLIGATION MAY ALSO ACT AS ATTORNEY OF RECORD FOR ANY OF THE BORROWERS DEBTORS WHEN TAKING THE ACTIONS DESCRIBED ABOVE IN THIS SECTIONPARAGRAPH. BORROWERS DEBTORS AGREE THAT ANY ATTORNEY TAKING SUCH ACTIONS MAY BE PAID FOR THOSE SERVICES BY LENDER BANK OR THE HOLDER OF SUCH OBLIGATION, BORROWERS . DEBTORS WAIVE ANY CONFLICT OF INTEREST THAT MAY BE CREATED BECAUSE THE ATTORNEY REPRESENTING THE BORROWERS DEBTORS IS BEING PAID BY LENDER BANK OR THE HOLDER OF SUCH OBLIGATION.

Appears in 1 contract

Samples: Forbearance and Reaffirmation Agreement (Resolve Staffing Inc)

Warrant of Attorney. Each Borrower authorizes any attorney of record to appear for it in any court of record in the State of Ohio, after the obligations hereunder become duematurity of this Note, whether by its terms or upon default, acceleration or otherwise, to waive the issuance and service of process, and release all errors, and to confess judgment against it in favor of Lender the Agent for the amount then appearing principal sum due herein together with interest, charges, court costs and attorneys’ fees. Stay of execution and all exemptions are hereby waived. If this Note or any Obligation is referred to an attorney for collection, and the payment is obtained without the entry of a judgment, the Borrowers jointly and severally shall liable to the holder of such Obligations its attorneys’ fees. EACH BORROWER AND ANY ENDORSER OR ANY GUARANTOR AGREES THAT AN ATTORNEY WHO IS COUNSEL TO LENDER THE AGENT OR ANY OTHER HOLDER OF SUCH OBLIGATION MAY ALSO ACT AS ATTORNEY OF RECORD FOR ANY OF THE BORROWERS SUCH BORROWER WHEN TAKING THE ACTIONS DESCRIBED ABOVE IN THIS SECTIONPARAGRAPH. BORROWERS AGREE EACH BORROWER AGREES THAT ANY ATTORNEY TAKING SUCH ACTIONS MAY BE PAID FOR THOSE SERVICES BY LENDER THE AGENT OR SUCH HOLDER OF SUCH OBLIGATION, BORROWERS WAIVE . EACH BORROWER WAIVES ANY CONFLICT OF INTEREST THAT MAY BE CREATED BECAUSE THE ATTORNEY REPRESENTING THE BORROWERS SUCH BORROWER IS BEING PAID BY LENDER THE AGENT OR THE HOLDER OF SUCH OBLIGATION.

Appears in 1 contract

Samples: Credit and Security Agreement (Stoneridge Inc)

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Warrant of Attorney. Each Borrower Lessee authorizes any attorney of record to appear for it in any court of record in the State of Ohio, after maturity of the obligations hereunder become dueObligations, whether by the terms of this Amendment, the Lease Agreement, or any other agreement or instrument evidencing or governing the terms thereof, or upon a Triggering Event of Default, acceleration or otherwise, to waive the issuance and service of process, and release all errors, and to confess judgment against it in favor of Lender the Bank for the amount then appearing of the Obligations due the Bank together with interest, charges, court costs and reasonable attorneys' fees. Stay of execution and all exemptions are hereby waived. EACH BORROWER AND ANY ENDORSER OR ANY GUARANTOR If this Amendment, the Lease Agreement or any Obligation is referred to an attorney for collection, Lessee shall pay to the Bank or the then holder of the Obligations its reasonable attorneys' fees. LESSEE AGREES THAT AN ATTORNEY WHO IS COUNSEL TO LENDER THE BANK OR ANY OTHER HOLDER OF SUCH OBLIGATION MAY ALSO ACT AS ATTORNEY OF RECORD FOR ANY OF THE BORROWERS LESSEE WHEN TAKING THE ACTIONS DESCRIBED ABOVE IN THIS SECTIONPARAGRAPH. BORROWERS AGREE LESSEE AGREES THAT ANY ATTORNEY TAKING SUCH ACTIONS MAY BE PAID FOR THOSE SERVICES BY LENDER THE BANK OR HOLDER OF SUCH OBLIGATION, BORROWERS WAIVE . LESSEE WAIVES ANY CONFLICT OF INTEREST THAT MAY BE CREATED BECAUSE THE ATTORNEY REPRESENTING THE BORROWERS LESSEE IS BEING PAID BY LENDER THE BANK OR THE HOLDER OF SUCH OBLIGATION.

Appears in 1 contract

Samples: Lease Agreement (Cintech Solutions Inc)

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