Common use of Actions upon Event of Default Clause in Contracts

Actions upon Event of Default. In addition to its rights and remedies provided hereunder, whenever an Event of Default shall have occurred and be continuing, the Secured Party shall have all rights and remedies of a secured party upon default under the U.C.C. or other applicable law. Any notification required by law of any intended disposition by the Secured Party of any of the Collateral shall be deemed reasonably and properly given if given at least 15 days before such disposition. Without limitation of the above, the secured Party may, whenever an Event of Default shall have occurred and be continuing, without prior notice to Pledgor, take all or any of the following actions:

Appears in 3 contracts

Samples: Supply Agreement (Unimark Group Inc), Long Term Pledge Agreement (Unimark Group Inc), Short Term Pledge Agreement (Unimark Group Inc)

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Actions upon Event of Default. In addition to its rights and remedies provided hereunder, whenever an Event of Default shall have occurred and be continuing, the Secured Party shall have all rights and remedies of a secured party upon default under the U.C.C. or other applicable law. Any notification required by law of any intended disposition by the Secured Party of any of the Collateral shall be deemed reasonably and properly given if given at least 15 days before such disposition. Without limitation of the above, the secured Party may, whenever an Event of Default shall have occurred and be continuing, without prior notice to Pledgor, take all or any of the following actions:

Appears in 2 contracts

Samples: Stock Purchase Agreement (Asesoria Garza Jasso Sc), Pledge Agreement (Asesoria Garza Jasso Sc)

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