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

Assignee Appointed Attorney-in-Fact. During the existence of a Default, the Assignor appoints the Assignee or the Assignee's designee as its attorney- in-fact to do all things necessary to carry out or enforce this Collateral Assignment. The Assignor ratifies and approves to the fullest extent permitted by law all acts of the Assignee as attorney-in-fact taken in accordance herewith. The Assignee as attorney-in-fact will not be liable for any acts or omissions, or for any error of judgment or mistake of fact or law, except for gross negligence or willful misconduct. This power, being coupled with an interest, is irrevocable until the Release Date.

Assignee Appointed Attorney-in-Fact. During the existence of a Default, the Assignor appoints the Assignee or the Assignee's designee as its attorney- attorney-in-fact to do all things necessary to carry out or enforce this Collateral Assignment. The Assignor ratifies and approves to the fullest extent permitted by law all acts of the Assignee as attorney-in-fact taken in accordance herewith. The Assignee as attorney-in-fact will not be liable for any acts or omissions, or for any error of judgment or mistake of fact or law, except for gross negligence or willful misconduct. This power, being coupled with an interest, is irrevocable until the Release Date.