Certain Rights of Bank. Except as otherwise provided in Section 6.01 hereof:
Certain Rights of Bank. If an Event of Default has occurred and is continuing, the Bank may from time to time give notice to the Grantors revoking in whole or in part the rights of the Grantors under Section 4.4(a)(i). If and to the extent such notice has been given, all voting and other consensual rights pertaining to the Collateral shall thereupon be vested in the Bank, who shall thereafter have the sole right to exercise or refrain from exercising such rights.
Certain Rights of Bank. If an Event of Default has occurred and is continuing, all rights of any Grantor to receive and retain the Distributions that it would otherwise be authorized to receive and retain pursuant to Section 4.4(b)(i) shall automatically cease, and all such rights shall thereupon vest in the Bank. Such Distributions shall be Collateral, and shall be forthwith delivered to the Custodian to hold as such.
Certain Rights of Bank. At any time and from time to time (and whether once or more than once), without the necessity of any reservation of rights against the Guarantor and without notice to, demand on or further assent by the Guarantor or any other person:
Certain Rights of Bank. 1771 Except as otherwise provided in Section 6.01 hereof: 1772 A. the Bank may rely and shall be protected in acting or refraining from 1773 acting upon any resolution, certificate, statement, instrument, opinion, report, 1774 notice, request, direction, consent, order, bond, coupon or other paper or document 1775 reasonably believed by it to be genuine and to have been signed or presented by the 1776 proper party or parties; 1777 B. the Bank may consult with legal counsel and the written advice of 1778 such counsel or any opinion of counsel shall be full and complete authorization and 1779 protection in respect of any action taken, suffered, or omitted by the Bank 1780 hereunder in good faith and in reliance thereon; 1781 C. the Bank shall not be bound to make any investigation into the facts of 1782 matters stated in any resolution, certificate, statement, instrument, opinion, report, 1783 notice, request, direction, consent, order, bond, coupon or other paper or document, 1784 but the Bank, in its discretion, may make such further inquiry or investigation into 1785 such facts or matters as it may see fit, and, if the Bank shall determine to make 1786 such further inquiry or investigation, it shall be entitled to examine the books, 1787 records, and premises of the City, personally or by agent or attorney; and 1788 D. the Bank may execute any of the trusts or powers hereunder or 1789 perform any of the duties hereunder either directly or by or through agents or 1790 attorneys, and the Bank shall not be responsible for any misconduct or negligence 1791 on the part of any agent or attorney appointed hereunder with due care by it. 1792 SECTION 6.03. Not Responsible for Recitals. 1793 The recitals contained in the Securities, except the Authentication Certificate 1794 signed by the Bank, shall be taken as the statements of the City, and the Bank 1795 assumes no responsibility for their correctness. 1796 SECTION 6.04. May Hold Securities. 1797 The Bank, in its individual or any other capacity, may become the owner or 1798 pledgee of Securities and otherwise deal with the City with the same rights it 1799 would have if it were not serving as paying agent, transfer agent, bond registrar, 1800 authenticating agent, or in any other capacity hereunder. 1801 SECTION 6.05. Money Deposited with Bank. 1802 Money deposited by the City with the Bank for payment of principal (or 1803 Redemption Price, if applicable) of or interest on any Securities shall be segregated 18...
Certain Rights of Bank. The Bank may, in the exercise of its sole and absolute discretion without providing notice to, or obtaining the consent of, Guarantor, and without in any way releasing, altering, or impairing any of Guarantor's obligations and liabilities under this Guaranty, from time to time:
Certain Rights of Bank. The Bank shall, in addition to any other rights it may have by law or under this Agreement, have the following rights:
Certain Rights of Bank. Bank shall have the right, but not the obligation, to pay any taxes or levies on the Collateral or any costs to repair or to preserve the Collateral, which payment shall be made for the account of Borrower and shall constitute a part of the obligations owed to Bank and secured pursuant to this Agreement.
Certain Rights of Bank. Upon Bank's receipt of notice from any source concerning the existence of any Hazardous Substance or the noncompliance by any Borrower or any Real Property with any Environmental Law, which matter, if true, could result in an order, suit or other action against such Borrower and/or any Real Property and which could, in Bank's sole opinion, jeopardize such Borrower's ability to repay the Indebtedness or Bank's collateral security, Bank shall have the right (but not the obligation) to enter any such Real Property or to take any other actions that Bank deems appropriate to clean up, remove, resolve or minimize the adverse impact of any such matter. The foregoing sentence shall not be deemed to limit any other rights Bank may have under this Agreement, any other document, or at law or in equity. All reasonable costs and expenses incurred by Bank in the exercise of any such rights shall become part of the Indebtedness, shall be secured by the collateral contemplated hereunder, and shall be payable by Borrowers upon demand.
Certain Rights of Bank. (a) The Bank undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no implied covenants or obligations shall be read into this Agreement against the Bank. The Bank makes no representation or warranty as to the priority of any claim or the status, in the event of any insolvency, bankruptcy or other similar proceeding affecting the Company, of amounts held in the Lockbox Account or paid therefrom.
