Common use of POWERS OF LENDER Clause in Contracts

POWERS OF LENDER. (1) As it relates to roll-overs, renewals, continuations, extensions, additions, substitutions, replacements, modifications, and increments to the Cash Collateral, as well as all of the aforementioned proceeds of the Cash Collateral, each Debtor hereby authorizes Lender to sign, endorse, execute, negotiate and deliver in the name of Debtors any and all documents or instruments necessary to accomplish such roll-overs, renewals, continuations, extensions, additions, substitutions, replacements, modifications, and increments. (2) This is an agency coupled with an interest and any such signature, endorsement, execution, negotiation or delivery by Lender shall have the same force, effect and validity as if done by each Debtor.