Each of Lenders (in its capacity as a Lender), hereby irrevocably appoints American Money Management Corporation to act on its behalf as the administrative agent and collateral agent hereunder and under the other Loan Documents and authorizes Agent to take such actions on its behalf and to exercise such powers as are delegated to Agent by the terms hereof or thereof (including, without limitation, acquiring, holding and enforcing any and all Liens on Collateral granted by any of Borrower or Limited Guarantor to secure any of the Obligations), together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of Agent and Lenders, and neither Borrower nor Limited Guarantor or any Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions. Each Lender hereby directs Agent to execute and deliver the other Loan Documents to be executed by Agent on the Closing Date and consents to the terms and conditions thereof.