Template:Nutshell 2018 CSD 8(a): Difference between revisions

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:(iii) '''{{imcsdprov|Power of Attorney}}'''. The {{imcsdprov|Chargor}}, by way of security and solely for the purpose of more fully securing the performance of the {{imcsdprov|Obligations}}, irrevocably appoints the {{imcsdprov|Secured Party}} the attorney of the {{imcsdprov|Chargor}} on its behalf and in the name of the {{imcsdprov|Chargor}} or the {{imcsdprov|Secured Party}} (as the attorney may decide) to do all acts, and execute all documents which the {{imcsdprov|Chargor}} could itself execute, in relation to any of the {{imcsdprov|Posted Credit Support (IM)}} or in connection with any of the matters provided for in this Deed, including (but without limitation): <br>
 
::(A) to execute any transfer, bill of sale or other assurance in respect of the {{imcsdprov|Posted Credit Support (IM)}}; <br>
::(B) to exercise all the rights and powers of the {{imcsdprov|Chargor}} in respect of the {{imcsdprov|Posted Credit Support (IM)}}; <br>
::(C) to ask, require, demand, receive, compound and give a good discharge for any and all moneys and claims for moneys due and to become due under or arising out of any of the {{imcsdprov|Posted Credit Support (IM)}}; <br>
::(D) to endorse any cheques or other instruments or orders in connection with any of the {{imcsdprov|Posted Credit Support (IM)}}; and <br>
::(E) to make any claims or to take any action or to institute any proceedings which the {{imcsdprov|Secured Party}} considers to be necessary or advisable to protect or enforce the security interest created by this Deed. <br>
:(iv) '''{{imcsdprov|Protection of Purchaser}}'''. <br>
:(iv) '''{{imcsdprov|Protection of Purchaser}}'''. <br>
::(A) No purchaser or other person dealing with the {{imcsdprov|Secured Party}} or a {{imcsdprov|Receiver}} or with its attorney or agent shall be concerned to enquire (1) whether any power exercised or purported to be exercised by the {{imcsdprov|Secured Party}} has become exercisable, (2) whether any {{isdaprov|Obligation}} remains due, (3) as to the propriety or regularity of any of the actions of the {{imcsdprov|Secured Party}} or (4) as to the application of any money paid to the {{imcsdprov|Secured Party}}. <br>
::(A) No purchaser or other person dealing with the {{imcsdprov|Secured Party}} or a {{imcsdprov|Receiver}} or with its attorney or agent shall be concerned to enquire (1) whether any power exercised or purported to be exercised by the {{imcsdprov|Secured Party}} has become exercisable, (2) whether any {{isdaprov|Obligation}} remains due, (3) as to the propriety or regularity of any of the actions of the {{imcsdprov|Secured Party}} or (4) as to the application of any money paid to the {{imcsdprov|Secured Party}}. <br>
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