Actions Upon Default. Whenever a Default shall have occurred and be continuing, the Company may exercise from time to time any and all rights and remedies available to it under applicable law, including but not limited to all rights of a secured party available to it under the Uniform Commercial Code. Without limiting the above, the Company may from time to time, whether before or after any of the Liabilities shall become due and payable, but only if a Default shall have occurred, without notice to the Borrower, take any or all of the following actions:
Actions Upon Default. In the event of default, the Administrator will direct the Trustee to report the default as a taxable distribution. As soon as a Plan withdrawal or distribution to such Participant would otherwise be permitted, the Administrator will direct the Trustee to execute upon its security interest in the Participant’s Account by segregating the unpaid loan balance from the Account, including interest to the date of default, and to distribute the note to the Participant.
Actions Upon Default. Upon the declaration by either party of a default hereunder:
Actions Upon Default. (a) In the case of a default described by Section 7.1(a) that is not a default caused by the failure to fund an Additional Capital Contribution required pursuant to Section 2.7, the Defaulting Shareholder shall have forty-five (45) days after the receipt of a Default Notice within which to remedy the breach. During such forty-five (45) day period, the Shareholders shall use their commercially reasonable efforts to resolve the matter to their mutual satisfaction.
Actions Upon Default. (a) In the case of a default -------------------- described by Section 11.1(a) that is not a default caused by the failure to fund a Budgeted Capital Contribution required pursuant to Section 2.7, the Defaulting Shareholder shall have 90 days after the receipt of a Default Notice within which to remedy the breach. During such 90 day period, the Shareholders shall use their commercially reasonable efforts to resolve the matter to their mutual satisfaction.
Actions Upon Default. Upon default, we may take the following actions without notifying Customer or the Guarantor, unless the law requires us to notify either one or both: (1) close or suspend the Account; (2) lower the Credit Line, Credit Limit, or both; (3) increase the minimum payment; (4) require Customer and the Guarantors pay the entire balance owing on the Account immediately; (5) continue to charge interest and fees as long as any balances remain outstanding on the Account; (6) charge Customer a penalty APR when Customer’s account is sixty (60) days or more past due; and (7) pursue any other action against Customer, the Guarantor, or both that the law allows, which includes the filing of a lawsuit against Customer, the Guarantor or both. Customer must pay us all of our collection expenses, attorneys’ fees, and court costs unless the law does not allow us to collect these amounts.
Actions Upon Default. Upon the occurrence of an event set forth in Section 5.2 above, the non-defaulting Party may do any one or more of the following:
Actions Upon Default. Whenever a Default shall have occurred and be continuing, the Agent may exercise from time to time any and all rights and remedies available to it or the Pledgees under applicable law, including but not limited to all rights of a secured party available to it or the Pledgees under the Uniform Commercial Code. Without limiting the above, the Agent may from time to time, whether before or after any of the Liabilities shall become due and payable, but only if a Default shall have occurred, without notice to the Company, take any or all of the following actions:
Actions Upon Default. If any Event of Default hereunder shall occur, the Administrative Agent (acting at the request of or with the consent of Required Lenders), in addition to any other rights of the Administrative Agent or the Lenders under the other Loan Documents or at law or in equity, all of which rights shall be cumulative, may at its option and without prior notice or demand, exercise any or all of the remedies in this Section 15 and in the other Loan Documents, provided that upon the occurrence of any Event of Default described in Sections 14.8, 14.8 or 14.9, the remedies in Sections 15.1.1 and 15.1.2 shall automatically occur without the need for any action, election or notice by the Administrative Agent and/or the Required Lenders.
Actions Upon Default. 47 Appointment of the Administrative Agent as Attorney-in-Fact .................................. 48 Provisional Remedies, Self-Help and Foreclosure ................................................... 48 16.
