Common use of Action Concerning Collateral Clause in Contracts

Action Concerning Collateral. (a) Notwithstanding any security interest now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to the Collateral, all without notice to or consent of the Subordinated Creditor except as specifically required by applicable law.

Appears in 6 contracts

Samples: Subordination Agreement (San Holdings Inc), Subordination Agreement (Sportsmans Guide Inc), Subordination Agreement (Nord Resources Corp)

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Action Concerning Collateral. (a) Notwithstanding any security interest now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, Collateral (other than the Option and the proceeds from the exercise of the Option) and may enforce any right or remedy available to it with respect to the Collateral, all without notice to or consent of the Subordinated Creditor except as specifically required by applicable law.

Appears in 3 contracts

Samples: Subordination Agreement (Royal Precision Inc), Subordination Agreement (Royal Precision Inc), Subordination Agreement (Royal Precision Inc)

Action Concerning Collateral. (a) Notwithstanding any security interest now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to the Collateral, all without notice to or consent of the Subordinated Creditor except as specifically required by applicable law.

Appears in 2 contracts

Samples: Subordination Agreement (Naturade Inc), Loan Agreement (Naturade Inc)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated CreditorCreditors, the Preferred Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of any collateral of the CollateralSubordinated Creditor, and may enforce any right or remedy available to it with respect to the CollateralBorrower or such collateral, all without notice to or consent of the Subordinated Creditor Creditors except as specifically required by applicable law.

Appears in 2 contracts

Samples: Subordination Agreement (Nutracea), Subordination Agreement (Nutracea)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to any Borrower or the Collateral, all without with notice to or and/or consent of the Subordinated Creditor except as Creditors only to the extent, if any, specifically required by applicable law.

Appears in 1 contract

Samples: Subordination Agreement (Miscor Group, Ltd.)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated CreditorCreditors, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to any Borrower or the Collateral, all without notice to or consent of the Subordinated Creditor Creditors except as specifically required by applicable law.

Appears in 1 contract

Samples: Subordination Agreement (Miscor Group, Ltd.)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to any Borrower or the Collateral, all without with notice to or and/or consent of the Subordinated Creditor except as only to the extent, if any, specifically required by applicable law.

Appears in 1 contract

Samples: Subordination Agreement (Miscor Group, Ltd.)

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Action Concerning Collateral. 1 (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to the Borrowers or the Collateral, all without notice to or consent of the Subordinated Creditor except as specifically required by applicable lawCreditor.

Appears in 1 contract

Samples: Subordination Agreement (Nature Vision, Inc.)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to any Borrower or the Collateral, all without notice to or consent of the Subordinated Creditor except as specifically required by applicable law.

Appears in 1 contract

Samples: Subordination Agreement (Miscor Group, Ltd.)

Action Concerning Collateral. (a) Notwithstanding any security interest Lien now held or hereafter acquired by the Subordinated Creditor, the Lender may take possession of, sell, dispose of, and otherwise deal with all or any part of the Collateral, and may enforce any right or remedy available to it with respect to any Borrower or the Collateral, all without notice to or consent of the Subordinated Creditor Creditors except as specifically required by applicable law.

Appears in 1 contract

Samples: Subordination Agreement (Miscor Group, Ltd.)

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