Power to Execute Documents Sample Clauses
Power to Execute Documents. Upon and during the occurrence of an -------------------------- Event of Default, and so long as any Obligations remain outstanding, Debtor hereby irrevocably (this power being coupled with an interest) appoints, constitutes and names Bank, or any of its attorneys or agents, the true and lawful attorney for Debtor, with full power of substitution, to do any or all of the following at any time (but this grant of authority shall not negate any other grant of authority under this Agreement which may authorize other actions, or similar actions under other circumstances, and Debtor shall not take any actions to contest or reverse or negate Bank's actions hereunder):
(a) to receive mail at Bank's designated address and open the same, endorse, sign and deliver, in the name of Debtor, or in Bank's name, all checks, drafts, money orders and other instruments, for the payment of moneys which are payable to Debtor;
(b) to sign the name of Debtor, and to receive for Debtor, on any schedules, assignments, instruments, documents and Uniform Commercial Code financing, amending or continuation statements which Debtor is obligated to give Bank hereunder or any invoice, warehouse receipt, ▇▇▇▇ of lading or other Document, Instrument or Chattel Paper, or any Accounts, statements therefor, drafts against obligors or drawn or to be drawn under any letters of credit, notices to obligors, certificates or other documents to be delivered or presented under letters of credit or schedules or assignments of Accounts; and
(c) to take or bring at the Debtor's expense, in the name of Debtor, or Bank, all steps, actions and suits that Bank considers necessary or desirable to effect collections of Accounts, to enforce payment of any Account, to settle, compromise, sell, assign, discharge or release, in whole or in part, any amounts owing on Accounts, to extend the time of payment of any and all Accounts and to make allowances and adjustments with regard to Accounts; and
(d) to do such other and further acts and deeds in the name of Debtor that Bank may deem necessary or desirable to enforce the rights of Debtor against third parties with respect to any Collateral.
Power to Execute Documents. The General Partner shall execute, acknowledge and duly notarize all documents or instruments necessary or appropriate to carry out the plan of dissolution contemplated by this Agreement or as otherwise necessary or desirable to completely wind up the Limited Partnership’s activities and to terminate and cancel the Limited Partnership.
Power to Execute Documents. Borrower hereby irrevocably appoints, constitutes and names Lender, or any of its officers, the true and lawful attorney for Borrower, with full power of substitution to do the following, upon the occurrence of an Event of Default:
(A) to endorse the name of Borrower or any of Borrower's officers or agents upon any and all notes, checks, drafts, money orders or other instruments, for the payment of moneys which are payable to Borrower, including, without limitation, proceeds under any policy of insurance on the Collateral or constituting collections on Borrower's Accounts;
(B) to sign and endorse the name of Borrower or any of Borrower's officers or agents upon any and all invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with accounts, and any instruments or documents relative thereto or to Borrower's rights therein;
(C) to give written notice to postal authorities to effect such change of address so that all mail addressed to Borrower may be delivered directly to Lender or its designee; and
(D) to do such other and further acts and deeds in the name of Borrower as Lender may deem necessary or desirable to enforce any Account or other Collateral for the Obligations.
Power to Execute Documents subject to Clause 6.4, power to make, execute and deliver deeds, assignments, transfers, and other instruments, sealed and unsealed but only to carry out its delivery obligations hereunder;