Common use of Powers Coupled with an Interest Clause in Contracts

Powers Coupled with an Interest. The powers and agency hereby granted by Borrower are coupled with an interest and are irrevocable until the Obligations have been paid in full and are granted as cumulative to Lender's other remedies for collection and enforcement of the Obligations.

Appears in 8 contracts

Sources: Loan and Security Agreement (Bluegreen Corp), Master Loan and Security Agreement (Sunterra Corp), Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

Powers Coupled with an Interest. The powers and agency hereby granted by Borrower are coupled with an interest and are irrevocable until the Obligations have been paid in full and are granted as cumulative to Lender's other remedies for collection and enforcement of the Obligations.. 

Appears in 4 contracts

Sources: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Acquisition Loan and Security Agreement (BBX Capital Corp)

Powers Coupled with an Interest. The powers and agency hereby granted to Lender by Borrower in the Documents are coupled with an interest and are irrevocable until the Obligations have been paid in full and are granted as cumulative to Lender's other remedies for collection and enforcement of the ObligationsOblations.

Appears in 1 contract

Sources: Loan and Security Agreement (Vistana Inc)

Powers Coupled with an Interest. The powers and agency hereby granted ------------------------------- by Borrower are coupled with an interest and are irrevocable until the Obligations have been paid in full and are granted as cumulative to Lender's other remedies for collection and enforcement of the Obligations.

Appears in 1 contract

Sources: Master Loan and Security Agreement (Sunterra Corp)

Powers Coupled with an Interest. The powers and agency hereby granted ------------------------------- by Borrower are coupled with an interest and are irrevocable until the Obligations have been paid in full and Lender has no further obligation to make Advances and are granted as cumulative to Lender's other remedies for collection and enforcement of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Vistana Inc)