Common use of Agent’s Right to Perform Contracts, Exercise Rights, etc Clause in Contracts

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, and (b) shall have the right (subject to Section 15(b)) to use any Grantor's rights under Intellectual Property Licenses in connection with the enforcement of Agent's rights hereunder to the extent necessary to have the right to prepare for sale and sell any and all Inventory now or hereafter owned by any Grantor and now or hereafter covered by such licenses.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, could and (b) shall have the right (subject to Section 15(b17(b)) to use any Grantor's ’s rights under Intellectual Property Licenses in connection with the enforcement of Agent's ’s rights hereunder to the extent necessary to have hereunder, including the right to prepare for sale and sell any and all Inventory now or hereafter owned by any Grantor and now or hereafter covered by such licenses.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, upon prior written notice to the Borrower, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement agreement, in any case constituting Collateral, and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, and (b) shall have the right (subject to Section 15(b)) to use any Grantor's ’s rights under Intellectual Property Licenses in connection with the enforcement of the Agent's ’s rights hereunder to the extent necessary to have hereunder, including the right to prepare for sale and sell any and all Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, could and (b) shall have the right (subject to Section 15(b17(b)) to use any Grantor's rights of any Grantor or IP Subsidiary under Intellectual Property Licenses in connection with the enforcement of Agent's ’s rights hereunder to the extent necessary to have hereunder, including the right to prepare for sale and sell any and all Inventory now or hereafter owned by any Grantor or IP Subsidiary and now or hereafter covered by such licenses.