Template:2018 CSD8(a)(iii)

From The Jolly Contrarian
Revision as of 16:13, 10 March 2022 by Amwelladmin (talk | contribs) (Created page with ":(iii) '''{{imcsdprov|Power of Attorney}}'''. The {{imcsdprov|Chargor}}, to secure its performance of the {{imcsdprov|Obligations}}, appoints the {{imcsdprov|Secured Party}} a...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
(iii) Power of Attorney. The Chargor, to secure its performance of the Obligations, appoints the Secured Party as its attorney to do everything which the Chargor could do, under this Deed, such as:
(A) executing any transfer or sale of Posted Credit Support (IM);
(B) to exercise the Chargor’s rights over the Posted Credit Support (IM);
(C) to claim any moneys due or arising from the Posted Credit Support (IM);
(D) to endorse any financial instruments as required under the Posted Credit Support (IM); and
(E) to take any action the Secured Party considers advisable to protect or enforce its security.