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 Collateral Agent shall have all rights and remedies of a secured party upon default under the UCC or other Applicable Law. Any notification required by law of any intended disposition by the Collateral Agent of any of the Collateral shall be deemed timely and reasonably given if given in accordance with Applicable Law at least ten (10) days before such disposition. Without limitation of the above, the Collateral Agent may, whenever an Event of Default shall have occurred and be continuing, take all or any of the following actions after giving at least ten (10) days’ prior notice to the Pledgor: (a) transfer all or any part of the Collateral into the name of the Collateral Agent or its nominee, without disclosing that such Collateral is subject to the Lien hereunder; (b) take control of any proceeds of the Collateral; and (c) execute in the name, place and stead of the Pledgor endorsements, assignments, transfer powers and other instruments of conveyance or transfer with respect to all or any of the Collateral.

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 Collateral Administrative Agent shall have all rights and remedies of a secured party upon default under the UCC U.C.C. or other Applicable Lawapplicable law. Any notification required by law of any intended disposition by the Collateral Administrative Agent of any of the Collateral shall be deemed timely reasonably and reasonably properly given if given in accordance with Applicable Law at least ten (10) days before such disposition. Without limitation of the above, the Collateral Administrative Agent may, and upon direction of the Required Lenders shall, whenever an Event of Default shall have occurred and be continuing, take all or any of the following actions after giving at least ten (10) days’ days prior notice to the Pledgor:Pledgors (a) transfer all or any part of the Collateral into the name of the Collateral Administrative Agent or its nominee, without disclosing that such Collateral is subject to the Lien hereunder; (b) take control of any proceeds Proceeds of the Collateral; and (c) execute (in the name, place and stead of the Pledgor Pledgors) endorsements, assignments, transfer powers and other instruments of conveyance or transfer with respect to all or any of the Collateral.

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 Collateral Administrative Agent shall have all rights and remedies of a secured party upon default under the UCC U.C.C. or other Applicable Lawapplicable law. Any notification required by law of any intended disposition by the Collateral Administrative Agent of any of the Collateral shall be deemed timely reasonably and reasonably properly given if given in accordance with Applicable Law at least ten (10) days before such disposition. Without limitation of the above, the Collateral Administrative Agent may, and upon direction of the Required Lenders shall, whenever an Event of Default shall have occurred and be continuing, take all or any of the following actions after giving at least ten (10) days’ days prior notice to the PledgorPledgors: (a) transfer all or any part of the Collateral into the name of the Collateral Administrative Agent or its nominee, without disclosing that such Collateral is subject to the Lien hereunder; (b) take control of any proceeds of the Collateral; and (c) execute (in the name, place and stead of the Pledgor Pledgors) endorsements, assignments, transfer stock powers and other instruments of conveyance or transfer with respect to all or any of the Collateral.

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 Collateral Administrative Agent shall have all rights and remedies of a secured party upon default under the UCC U.C.C. or other Applicable Lawapplicable law. Any notification required by law of any intended disposition by the Collateral Administrative Agent of any of the Collateral shall be deemed timely reasonably and reasonably properly given if given in accordance with Applicable Law at least ten (10) days before such disposition. Without limitation of the above, the Collateral Administrative Agent may, and upon direction of the Required Lenders shall, whenever an Event of Default shall have occurred and be continuing, take all or any of the following actions after giving at least ten (10) days’ days prior notice to the Pledgor:Pledgors (a) transfer all or any part of the Collateral into the name of the Collateral Administrative Agent or its nominee, without disclosing that such Collateral is subject to the Lien hereunder; (b) take control of any proceeds of the Collateral; and (c) execute (in the name, place and stead of the Pledgor Pledgors) endorsements, assignments, transfer stock powers and other instruments of conveyance or transfer with respect to all or any of the Collateral.

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 Collateral Administrative Agent shall have all rights and remedies of a secured party upon default under the UCC U.C.C. or other Applicable Lawapplicable law. Any notification required by law of any intended disposition by the Collateral Administrative Agent of any of the Collateral shall be deemed timely reasonably and reasonably properly given if given in accordance with Applicable Law at least ten (10) days before such disposition. Without limitation of the above, the Collateral Administrative Agent may, and upon direction of the Required Lenders shall, whenever an Event of Default shall have occurred and be continuing, take all or any of the following actions after giving at least ten (10) days’ days prior notice to the PledgorPledgors: (a) transfer all or any part of the Collateral into the name of the Collateral Administrative Agent or its nominee, without disclosing that such Collateral is subject to the Lien hereunder; (b) take control of any proceeds Proceeds of the Collateral; and (c) execute (in the name, place and stead of the Pledgor Pledgors) endorsements, assignments, transfer powers and other instruments of conveyance or transfer with respect to all or any of the Collateral.