Actions by Secured Party. The lien, security interest and other security rights of Secured Party hereunder shall not be impaired by (i) any renewal, extension, increase or modification with respect to the Indebtedness, (ii) any surrender, compromise, release, renewal, extension, exchange or substitution which Secured Party may grant with respect to the Collateral, or (iii) any release or indulgence granted to any endorser, guarantor or surety of the Indebtedness. The taking of additional security by Secured Party shall not release or impair the lien, security interest or other security rights of Secured Party hereunder or affect the obligations of Debtor hereunder.
Actions by Secured Party. The Secured Party will promptly execute and deliver (or promptly cause to be executed and delivered) to Grantor all such instruments as Grantor may reasonably request for the purpose of enabling Grantor to receive the benefits of Section 5.1 above and to receive the dividends or interest payments that it is authorized to receive and retain pursuant to Section 5.2 above.
Actions by Secured Party. Secured Party will execute and deliver (or cause to be executed and delivered) to Debtor all such proxies and other instruments as Debtor may reasonably request for the purpose of enabling Debtor to exercise the voting and other rights that it is entitled to exercise pursuant to Section 5.1 above and to receive the dividends or interest payments that it is authorized to receive and retain pursuant to Section 5.2 above.
Actions by Secured Party. Secured Party may, in its sole discretion and at any time, for the account and expense of Debtor, pay any amount or do any act required of Debtor hereunder or reasonably requested by Secured Party to preserve, protect, maintain or enforce the Obligations, the Collateral or the security interest granted herein, and which Debtor fails to do or pay after notice from Secured Party, including, without limitation, payment of any judgment against Debtor, any insurance premium, any warehouse charge and any lien, claim or encumbrance upon or with respect to the Collateral, and any such payment shall be added to the Obligations and shall be payable upon demand.
Actions by Secured Party. The Secured Party will promptly execute and deliver (or promptly cause to be executed and delivered) to Granter all such proxies and other instruments as Granter may reasonably request for the purpose of enabling Granter to exercise the voting and other rights that it is entitled to exercise pursuant to Section 5.1 above and to receive the dividends or interest payments that it is authorized to receive and retain pursuant to Section 5.2 above.
Actions by Secured Party. Without notice or demand, without affecting the obligations of Debtor under this Agreement, and without affecting the Security Interest or the priority thereof, Secured Party, from time to time, may (a) extend the time for payment of all or any part of the Secured Obligations, accept a renewal note therefor, reduce the payments thereon, release any person liable for all or any part thereof, or otherwise change the terms of all or any part of the Secured Obligations; (b) take and hold other security for the payment or performance of the Secured Obligations and enforce, exchange, substitute, subordinate, waive or release any such security; (c) join in any extension or subordination agreement; (d) release any part of the Collateral from the Security Interest; or (e) assign its rights under this Agreement, the Secured Obligations, or the Collateral to any third party.
Actions by Secured Party. At any time that the Secured Party is required or permitted to take any action in connection with this Agreement, or to provide any consent, such action or consent shall be in writing and shall be executed by any one of the authorized persons as set forth in Schedule 1.
Actions by Secured Party the Loan Agreement shall govern the taking of any actions or exercise of any right or remedy by Agent in its capacity as (a) Agent for the ratable benefit of the Lenders under the Loan Agreement and (b) the “Secured Party” under this Agreement.
Actions by Secured Party. Any actions, waivers or consents of Secured Party under this Agreement shall require the consent of the Required Lenders.
Actions by Secured Party. In addition to Secured Party’s rights upon an Event of Default:
(a) After an Event of Default and failure to cure, if Obligors fail to pay or perform any of the Obligations, Secured Party, in its Permitted Discretion, may pay or perform the same in such manner and to such extent as Secured Party determines necessary or appropriate in its Permitted Discretion (i) without obligation so to do, (ii) without releasing Obligors from such Obligations, (iii) without affecting the failure to perform such Obligations as an Event of Default, (iv) without affecting the other rights and remedies of Secured Party, and (v) without notice to or demand upon Obligors. Obligors shall cooperate with Secured Party to exercise its rights under the Section.
(b) Nothing in this Agreement shall relieve Obligors of any of its obligations under any of this Agreement, the Promissory Note or Mortgage.
