Common use of Pledgee Appointed Attorney-in-Fact Clause in Contracts

Pledgee Appointed Attorney-in-Fact. Pledgor hereby irrevocably ---------------------------------- appoints Pledgee as Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Pledgee's discretion, to take any action and to execute any instrument that Pledgee deems reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend, interest payment or other distribution in respect of the Collateral and to give full discharge for the same, when and to the extent permitted by this Agreement.

Appears in 4 contracts

Samples: Pledge Agreement (Grubb & Ellis Co), Pledge Agreement (Andrea Electronics Corp), Pledge Agreement (Grubb & Ellis Co)

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Pledgee Appointed Attorney-in-Fact. Pledgor hereby irrevocably ---------------------------------- appoints Pledgee as Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Pledgee's discretion, to take any action and to execute any instrument that Pledgee deems reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend, interest payment or other distribution in respect of the Collateral and to give full discharge for the same, when and to the extent permitted by this Agreement.

Appears in 3 contracts

Samples: Pledge Agreement (Cherokee International Corp), Pledge Agreement (Cherokee International Corp), Pledge Agreement (Grubb & Ellis Co)

Pledgee Appointed Attorney-in-Fact. Pledgor hereby irrevocably ---------------------------------- appoints Pledgee as Pledgor's ’s attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Pledgee's discretion, ’s discretion to take any action and to execute any instrument that which Pledgee deems may reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend, interest payment dividend or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same; provided, when that such power shall be exercised only upon the occurrence and to during the extent permitted by this Agreementcontinuation of an Event of Default.

Appears in 1 contract

Samples: Stock Pledge and Guaranty Agreement (Pacificnet Inc)

Pledgee Appointed Attorney-in-Fact. Pledgor hereby irrevocably ---------------------------------- appoints Pledgee as Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Pledgee's discretion, to take any action and to execute any instrument that Pledgee deems reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend, interest payment or other distribution in respect of the Collateral Pledged Shares or any part thereof and to give full discharge for the same, when and to the extent permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Ascent Energy Inc)

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Pledgee Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably ---------------------------------- appoints Pledgee as each Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the name of each Pledgor or otherwise, from time to time in Pledgee's discretion, to take any action and to execute any instrument that Pledgee deems reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend, interest payment or other distribution in respect of the Collateral Pledged Shares or any part thereof and to give full discharge for the same, when and to the extent permitted by this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Choice One Communications Inc)

Pledgee Appointed Attorney-in-Fact. The Pledgor hereby irrevocably ---------------------------------- appoints the Pledgee as the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Pledgee's discretion, to take any action and to execute any instrument that which the Pledgee deems reasonably may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse indorse and collect all instruments made payable to the Pledgor representing repre- senting any dividend, interest payment dividend or other distribution in respect of the Collateral Pledge Shares and to give full discharge for the same, when and to the extent permitted by this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Xoma LTD /De/)

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