Common use of Changes in Applicable Law Clause in Contracts

Changes in Applicable Law. The parties acknowledge their intent that, upon the occurrence and during the continuation of a Default, Secured Party shall receive, to the fullest extent permitted by applicable law and government policy (including, without limitation, the rules, regulations and policies of the FCC or any PUC), all rights necessary or desirable to obtain, use or sell the Collateral and to exercise all remedies available to it under this Security Agreement, the UCC as in effect in any applicable jurisdiction or other applicable law. The parties further acknowledge and agree that, in the event of changes in the law or governmental law occurring subsequent to the date hereof that affect in any manner Secured Party's rights of access to, or use or sale of, the Collateral, or the procedures necessary to enable Secured Party to obtain such rights of access, use or sale, Secured Party and Debtor shall amend this Security Agreement in such manner as Secured Party shall reasonably request in order to provide Secured Party such rights to the greatest extent possible consistent with applicable law and governmental policy.

Appears in 3 contracts

Samples: Security Agreement (Knology Inc), Security Agreement (Knology Inc), Security Agreement (Knology Inc)

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Changes in Applicable Law. The parties acknowledge their intent that, upon the occurrence and during the continuation of a an Event of Default, Secured Party shall receive, to the fullest extent permitted by applicable law Applicable Law and government policy (including, without limitation, the rules, regulations and policies of the FCC or any PUCPUC (including the ICC)), all rights necessary or desirable to obtain, use or sell the Collateral and to exercise all remedies available to it under this Security Agreement, the UCC as in effect in any applicable jurisdiction or other applicable lawApplicable Law. The parties further acknowledge and agree that, in the event of changes in the law or governmental law occurring subsequent to the date hereof that affect in any manner Secured Party's ’s rights of access to, or use or sale of, the Collateral, or the procedures necessary to enable Secured Party to obtain such rights of access, use or sale, Secured Party and Debtor shall amend this Security Agreement in such manner as Secured Party shall reasonably request in order to provide Secured Party such rights to the greatest extent possible consistent with applicable law Applicable Law and governmental policy.

Appears in 1 contract

Samples: Security Agreement

Changes in Applicable Law. The parties acknowledge their intent that, upon the occurrence and during the continuation of a Default, Secured Party shall receive, to the fullest extent permitted by applicable law and government policy (including, without limitation, the rules, regulations and policies of the FCC or any PUC), all rights necessary or desirable to obtain, use or sell the Collateral and to exercise all remedies available to it under this Security Agreement, the UCC as in effect in any applicable jurisdiction or other applicable law. The parties further acknowledge and agree that, in the event of changes in the law or governmental law occurring subsequent to the date hereof that affect in any manner Secured Party's rights of access to, or use or sale of, the Collateral, or the procedures necessary to enable Secured Party to obtain such rights of access, use or sale, Secured Party and Debtor Debtors shall amend this Security Agreement in such manner as Secured Party shall reasonably request in order to provide Secured Party such rights to the greatest extent possible consistent with applicable law and governmental policy.

Appears in 1 contract

Samples: Security Agreement (Knology Inc)

Changes in Applicable Law. The parties acknowledge their intent that, upon the occurrence and during the continuation of a an Event of Default, the Secured Party shall receive, to the fullest extent permitted by applicable law Law and government policy (including, without limitation, the rules, regulations and policies of the FCC or any PUC), all rights necessary or desirable to obtain, use or sell the Collateral and to exercise all remedies available to it under this Security Agreement, the UCC as in effect in any applicable jurisdiction or other applicable lawLaw. The parties further acknowledge and agree that, in the event of changes in the law or governmental law policy occurring subsequent to the date hereof that affect in any manner the Secured Party's ’s rights of access to, or use or sale of, the Collateral, or the procedures necessary to enable the Secured Party to obtain such rights of access, use or sale, the Secured Party and the Debtor shall amend this Security Agreement in such manner as the Secured Party shall reasonably request in order to provide the Secured Party such rights to the greatest extent possible consistent with applicable law Law and governmental policypolicy and the Loan Agreements.

Appears in 1 contract

Samples: Security Agreement (New Ulm Telecom Inc)

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Changes in Applicable Law. The parties acknowledge their intent that, upon the occurrence and during the continuation of a an Event of Default, Secured Party shall receive, to the fullest extent permitted by applicable law Applicable Law and government policy (including, without limitation, the rules, regulations and policies of the FCC or any PUC), all rights necessary or desirable to obtain, use or sell the Collateral and to exercise all remedies available to it under this Security Agreement, the UCC as in effect in any applicable jurisdiction or other applicable lawApplicable Law. The parties further acknowledge and agree that, in the event of changes in the law or governmental law occurring subsequent to the date hereof that affect in any manner Secured Party's ’s rights of access to, or use or sale of, the Collateral, or the procedures necessary to enable Secured Party to obtain such rights of access, use or sale, Secured Party and Debtor shall amend this Security Agreement in such manner as Secured Party shall reasonably request in order to provide Secured Party such rights to the greatest extent possible consistent with applicable law Applicable Law and governmental policy.

Appears in 1 contract

Samples: Security Agreement

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