Additional Rights of Secured Party. In addition to its rights and privileges under this Agreement, the Secured Party shall have all the rights, powers and privileges of a secured party under the Georgia Uniform Commercial Code.
Additional Rights of Secured Party. The Company shall execute and deliver to Secured Party concurrently with the Company’s execution and delivery of this Agreement and at any time thereafter at the reasonable request of Secured Party, all financing statements, continuation financing statements, fixture filings, security agreements, mortgages, pledges, assignments, endorsements of certificates of title, applications for title, affidavits, reports, notices, schedules of accounts, letters of authority, and all other documents that Secured Party may reasonably request, in form reasonably satisfactory to Secured Party, to perfect and maintain perfected Secured Party’s continuing security interests in the Collateral and in order to fully consummate all of the transactions contemplated under the Offering Documents, the Company hereby authorizes Secured Party to file and/or record such financing statements and other documents as Secured Party deems reasonably necessary to perfect and maintain Secured Party’s continuing security interest in the Collateral, including, but not limited to, any and all filings recognized by the United States Patent and Trademark Office for the purposes of perfecting a security interest in any Collateral that is considered intellectual property of the Company. The Company agree any such financing statements may contain an “all asset” or “all property” description of the Collateral.
Additional Rights of Secured Party. In addition to its rights and privileges under this Agreement, the Administrative Agent, on behalf of the Secured Parties, shall have all the rights, powers and privileges of a secured party under the Uniform Commercial Code as in effect in any applicable jurisdiction and other Applicable Law.
Additional Rights of Secured Party. Upon the occurrence of an Event of Default, Secured Party may, from time to time, in its discretion, and without Borrower's assent, without advertisements or notices of any kind (except for the notice specified in Section 7.5 below regarding notice required in connection with a public or private sale), or demand of performance or other demand, or obligation or liability (except to account for amounts actually received) to or upon Borrower or any other person (all such advertisements, notices and demands, obligation and liabilities, if any, hereby being expressly waived and discharged to the extent permitted by law), forthwith, directly or through its agents or representatives, (i) disclose such default and other matters (including the name of Borrower) in connection therewith to any Person in Secured Party's reasonable discretion to any other Person (including other creditors and the Franchisor); (ii) to the extent permitted by applicable law enter any premises, with or without the assistance of other persons or legal process; (iii) require Borrower to account for (including accounting for any products and proceeds of any Collateral), segregate, assemble, make available and deliver to Secured Party, its agents or representatives, the Collateral, at any place and time designated by Secured Party; (iv) take possession of, operate, render unusable, remove from any location, collect, transfer and receive, recover, appropriate, foreclose, extend payment of, adjust, compromise, settle, release any claims included in, and do all other acts or things necessary or, in Secured Party's sole discretion appropriate, to protect, maintain, preserve and realize upon, the Collateral and any products and proceeds thereof, in whole or in part; and (v) exercise all rights, powers and interests with respect to any and all Collateral, and sell, assign, lease, license, pledge, transfer, negotiate (including endorse checks, drafts, orders, or instruments), deliver or otherwise dispose (by contract, option(s) or otherwise) of the Collateral or any part thereof. Any such disposition may be in one or more public or private sales, at or upon an exchange, board or system or in the County, in the State or elsewhere, at such price, for cash or credit (or for future delivery without credit risk) and upon such other terms and conditions as it deems appropriate, with the right of Secured Party to the extent permitted by law upon any such sale or sales, public or private, to purchase the wh...
Additional Rights of Secured Party. In addition to its rights and ---------------------------------- privileges under this Agreement, the Collateral Agent, the Administrative Agent, the Issuing Bank and each of the Lenders shall have all the rights, powers and privileges of a secured party under the Uniform Commercial Code as in effect in any applicable jurisdiction.
Additional Rights of Secured Party. Secured Party, in its discretion, and without notice to Debtor, may take any one or more of the following actions without liability except to account for property actually received by it: (a) after the occurrence of an Event of Default, unless such Event of Default has been waived in writing by Secured Party, renew, extend, or otherwise change the terms and conditions of any of the Collateral; (b) take or release any other collateral as security for any of the Collateral or the Secured Obligations; and (c) add or release any guarantor, endorser, surety or other party to any of the Collateral or Secured Obligations.
Additional Rights of Secured Party. In addition to any other rights provided under the Contribution Agreement, the Secured Party shall have the following rights set forth in this Section with respect to the Collateral:
(a) Prior to the full payment and performance of all of Debtor's obligations under this Agreement, Secured Party shall be entitled to receive as additional Collateral any and all cash, additional shares of stock or any other property of any kind payable to Debtor or distributable on or by reason of the Pledged Securities, whether in the form of or by way of dividends, warrants, partial or complete liquidation, conversion, prepayments or redemption's (in whole or in part), or otherwise. If any of the foregoing property shall come into the possession or control of Debtor, Debtor shall hold or control that property in trust for the benefit of Secured Party and forthwith transfer and deliver the same to Secured Party subject to the provisions hereof.
(b) Debtor recognizes that Secured Party may be unable to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions or restrictions in federal or state securities laws and regulation (herein collectively referred to as "Securities Laws"), or the provisions of other federal and state laws, regulations or rulings, but may be compelled to resort to one or more sales to restricted group of purchasers who will be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the further distribution or resale thereof without restriction. Debtor agrees that any sale(s) so made may be at prices and on other terms less favorable to Debtor than if the Pledged Securities were sole to the public, and that Debtor has no obligation to delay the sale of the Pledged Securities for period(s) of time necessary to permit the issuer thereof to register the Pledged Securities for sale to the public under any of the Securities laws. Debtor agrees that negotiated sales whether for cash or credit made under the foregoing circumstances shall not be deemed for that reason not to have been made in a commercially reasonable manner. Debtor shall cooperate with Secured Party and shall satisfy any requirements under the Securities laws applicable to the sale or transfer of the Pledged Securities by Secured Party.
Additional Rights of Secured Party. Without limiting any other provision of this Agreement, Secured Party is expressly granted the following rights upon the occurrence and continuance of an Event of Default: (a) to receive Pledgor's share of all distributions and/or distributions in kind following dissolution of Alliance and to hold the same in trust for the benefit of such Pledgor as part of the Collateral and (b) to exercise voting rights as to any of the Collateral. All of the foregoing may be exercised by Secured Party without liability, except to account for property actually received by it.
Additional Rights of Secured Party. In addition to its rights and privileges under this Agreement or any other Loan Document, the Lender shall have all the rights, powers and privileges of a secured party under the Uniform Commercial Code as in effect in any applicable jurisdiction. All amounts realized or collected through the exercise of remedies hereunder shall be applied as provided in the Loan Agreement.
Additional Rights of Secured Party. In its sole discretion, the Secured Party may, at any time and from time to time, assign, transfer or deliver to any transferee of the Notes any rights in the Collateral, whereupon Secured Party shall be fully discharged from all responsibility and the transferee shall be vested with all powers and rights of the Secured Party hereunder with respect thereto, but the Secured Party shall retain all rights and powers with respect to any Collateral not assigned, transferred or delivered.
