Common use of Additional Rights Without Event of Default Clause in Contracts

Additional Rights Without Event of Default. The Secured Party shall have the right to (i) file in any public office, without any authorization by the Debtor other than this Agreement, each Financing Statement relating to any of the Collateral that the Secured Party desires to file, (ii) direct each Person issuing any insurance on any of the Collateral to make directly and solely to the Secured Party each payment in connection with any such insurance, (iii) verify any of the Collateral in any manner or through any medium, whether directly with any Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect thereto or otherwise or in the name of the Debtor or otherwise, (iv) notify each Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect to any of the Collateral of the interest of the Secured Party therein, direct such Person to make each payment with respect thereto directly and solely to the Secured Party, take control of all Proceeds and other proceeds thereof and, at the option of the Secured Party, hold such Proceeds and other proceeds as part of the Collateral or apply such Proceeds and other proceeds as provided in Section 6f of this Agreement, (v) deliver any notice of exclusive control pursuant to any Control Agreement, (vi) exchange any certificate representing any of the Collateral for a certificate of a larger or smaller denomination and (vii) cause to be transferred to or registered in the name of the Secured Party or any nominee, Securities Intermediary, Commodity Intermediary or other agent of the Secured Party any of the Collateral so that the Secured Party appears as the sole owner of record thereof, whether such transfer or registration is made with or without reference to this Agreement or any Security Interest. Any Financing Statement referred to in clause (i) of the preceding sentence may, but shall not be required to, (i) use the term all personal property of the Debtor or all assets of the Debtor or similar terminology to refer to the collateral covered thereby (except, in each case, as to PNG) and (ii) describe such collateral in any degree of detail.

Additional Rights Without Event of Default. The Secured Party shall have the right to (i) file in any public office, without any authorization by the Debtor other than this Agreement, each Financing Statement relating to any of the Collateral that the Secured Party desires to file, (ii) direct each Person issuing any insurance on any of the Collateral to make directly and solely to the Secured Party each payment in connection with any such insurance, (iii) verify any of the Collateral in any manner or through any medium, whether directly with any Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect thereto or otherwise or in the name of the Debtor or otherwise, (iv) notify each Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect to any of the Collateral of the interest of the Secured Party therein, direct such Person to make each payment with respect thereto directly and solely to the Secured Party, take control of all Proceeds and other proceeds thereof and, at the option of the Secured Party, hold such Proceeds and other proceeds as part of the Collateral or apply such Proceeds and other proceeds as provided in Section 6f of this Agreement, (v) deliver any notice of exclusive control pursuant to any Control Agreement, (vi) exchange any certificate representing any of the Collateral for a certificate of a larger or smaller denomination and (vii) cause to be transferred to or registered in the name of the Secured Party or any nominee, Securities Intermediary, Commodity Intermediary or other agent of the Secured Party any of the Collateral so that the Secured Party appears as the sole owner of record thereof, whether such transfer or registration is made with or without reference to this Agreement or any Security Interest. Any Financing Statement referred to in clause (i) of the preceding sentence may, but shall not be required to, (i) use the term all personal property of the Debtor or all assets of the Debtor or similar terminology to refer to the collateral covered thereby (except, in each case, as to PNG) and (ii) describe such collateral in any degree of detail.

Additional Rights Without Event of Default. The Secured Party shall have the right to (i) file in any public office, without any signature or other authorization by the Debtor other than this AgreementDebtor, each Financing Statement relating to any of the Collateral that the Secured Party desires to file, (ii) direct each Person issuing any insurance on any of the Collateral to make directly and solely to the Secured Party each payment in connection with any such insurance, (iii) verify any of the Collateral in any manner or through any medium, whether directly with any Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect thereto or otherwise or in the name of the Debtor or otherwise, (iv) notify each Person (including, but not limited to, any Account Debtor, Issuer, Bank, Securities Intermediary or Commodity Intermediary) obligated with respect to any of the Collateral of the interest of the Secured Party therein, direct such Person to make each payment with respect thereto directly and solely to the Secured Party, Party and take control of all Proceeds and other proceeds thereof and, at the option of the Secured Party, hold such Proceeds and other proceeds as part of the Collateral or apply such Proceeds and other proceeds as provided in Section 6f of this Agreementthereof, (v) deliver any notice of exclusive control pursuant to any Control Agreement, (vi) exchange any certificate representing any of the Collateral for a certificate of a larger or smaller denomination and (vii) cause to be transferred to or registered in the name of the Secured Party or any nominee, Securities Intermediary, Commodity Intermediary or other agent of the Secured Party any of the Collateral so that the Secured Party appears as the sole owner of record thereof, whether such transfer or registration is made with or without reference to this Agreement or any Security Interest. Any Financing Statement referred to in clause (i) of the preceding sentence may, but shall not be required to, (i) use the term all personal property of the Debtor or all assets of the Debtor or similar terminology to refer to the collateral covered thereby (except, in each case, as to PNG) and (ii) describe such collateral in any degree of detailthereby.