Common use of With Respect to Collateral Clause in Contracts

With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party as Debtor’s true and lawful attorney-in-fact and agent for Debtor and in Debtor’s name, place and stead with full power of substitution, in Secured Party’s name or Debtor’s name or otherwise, for Secured Party’s sole use and benefit, but at Debtor’s cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 4 contracts

Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Doral Energy Corp.), Security Agreement (Rancher Energy Corp.)

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With Respect to Collateral. If an Event of Default has occurred and is continuing, Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party Party, as Debtor’s its true and lawful attorney-in-fact and agent for Debtor it and in Debtor’s its name, place and stead stead, with full power of substitution, in Secured Party’s name or Debtor’s name or otherwise, for Secured Party’s the sole use and benefitbenefit of Secured Party and the other Secured Creditors, but at Debtor’s cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 3 contracts

Samples: Security Agreement (Allied Corp.), Security Agreement (Allied Corp.), Security Agreement (Allied Corp.)

With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party Party, as Debtor’s true and lawful attorney-in-fact and agent for Debtor and in Debtor’s name, place and stead with full power of substitution, in Secured Party’s name or Debtor’s name or otherwise, for Secured Party’s sole use and benefit, but at Debtor’s cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:Collateral (regardless of whether any Default has occurred or not):

Appears in 2 contracts

Samples: Security Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Security Agreement (Reef Oil & Gas Income & Development Fund III LP)

With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from any Debtor) and the right is expressly granted to Secured Party, and each Debtor hereby constitutes, appoints and makes Secured Party as such Debtor’s true and lawful attorney-in-fact and agent for such Debtor and in such Debtor’s name, place and stead with full power of substitution, in Secured Party’s name or such Debtor’s name or otherwise, for Secured Party’s sole use and benefit, but at such Debtor’s cost and expense. With regard to such rights, to Secured Party may exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (Stratum Holdings, Inc.)

With Respect to Collateral. If an Event of Default has occurred and is continuing, Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party Party, as Debtor’s its true and lawful attorney-in-in fact and agent for Debtor it and in Debtor’s its name, place and stead stead, with full power of substitution, in Secured Party’s 's name or Debtor’s 's name or otherwise, for Secured Party’s the sole use and benefitbenefit of Secured Party and the other Secured Creditors, but at Debtor’s 's cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (High Plains Gas, Inc.)

With Respect to Collateral. Following the occurrence and during the continuation of an Event of Default, Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, irrevocably appoints and makes Secured Party as Debtor’s true and lawful attorney-in-fact and agent for Debtor and in Debtor’s name, place and stead stead, which appointment is coupled with an interest in the Collateral, with full power of substitution, in Secured Party’s name or Debtor’s name or otherwise, for Secured Party’s sole use and benefit, but at Debtor’s cost and expense, to exercise, exercise without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (LIVE VENTURES Inc)

With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party as Debtor’s 's true and lawful attorney-in-fact and agent for Debtor and in Debtor’s 's name, place and stead with full power of substitution, in Secured Party’s 's name or Debtor’s 's name or otherwise, for Secured Party’s 's sole use and benefit, but at Debtor’s 's cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:Collateral (regardless of whether any Default has occurred or not):

Appears in 1 contract

Samples: Stock Pledge Agreement (KCS Energy Inc)

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With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from DebtorDebtors) and the right is expressly granted to Secured Party, and Debtor Debtors hereby constitutesconstitute, appoints appoint and makes make Secured Party as Debtor’s Debtors’ true and lawful attorney-in-fact and agent for Debtor Debtors and in Debtor’s Debtors’ name, place and stead with full power of substitution, in Secured Party’s name or Debtor’s Debtors’ name or otherwise, for Secured Party’s sole use and benefit, but at Debtor’s Debtors’ cost and expense, but only to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (EnerJex Resources, Inc.)

With Respect to Collateral. Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from Debtor) and the right is expressly granted to Secured Party, and Debtor hereby constitutes, irrevocably appoints and makes Secured Party as Debtor’s 's true and lawful attorney-in-fact and agent for Debtor and in Debtor’s 's name, place and stead stead, which appointment is coupled with an interest in the Collateral, with full power of substitution, in Secured Party’s 's name or Debtor’s 's name or otherwise, for Secured Party’s 's sole use and benefit, but at Debtor’s 's cost and expense, to exercise, exercise without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:Collateral (regardless of whether any of the Indebtedness is due or not):

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

With Respect to Collateral. If an Event of Default has occurred and is continuing, Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from from, or notice to, any Debtor) and the right Secured Party is expressly granted to the power and right, and Debtors hereby constitute, appoint and make Secured Party, and Debtor hereby constitutes, appoints and makes Secured Party as Debtor’s its true and lawful attorney-in-fact and agent for Debtor and in Debtor’s its name, place and stead stead, with full power of substitution, in Secured Party’s name or any Debtor’s name or otherwise, for Secured Party’s the sole use and benefitbenefit of Secured Party, but at Debtor’s Debtors’ cost and expense, to exercise, without notice, exercise all or any of the following rights and powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

With Respect to Collateral. If an Event of Default under the Loan Agreement has occurred, Secured Party is hereby fully authorized and empowered (without the necessity of any further consent or authorization from any Debtor) and the right is expressly granted to Secured Party, and each Debtor hereby constitutes, appoints and makes Secured Party as Debtor’s true and lawful their attorney-in-fact and agent to act for Debtor it and in Debtor’s its name, place and stead stead, with full power of substitution, in Secured Party’s name or such Debtor’s name or otherwise, for Secured Party’s the sole use and benefitbenefit of Secured Party, but at Debtor’s the Debtors’ cost and expense, to exercise, without notice, all or any of the following powers at any time following the occurrence and during the continuation of an Event of Default hereunder with respect to all or any of the Collateral:

Appears in 1 contract

Samples: Security Agreement (Viking Energy Group, Inc.)

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