Chargees Rights Sample Clauses

Chargees Rights. At any time upon occurrence of a event of default under Clause 6 hereof and/or an event of default by the Borrower under Clause 21 of the Credit Agreement: (a) the Chargee shall be entitled to exercise or direct the exercise of the voting and other rights attached to any Charged Shares as it sees fit; and (b) and the Chargor and the Company shall comply or procure the compliance with any directions of the Chargee in respect of the exercise of those rights and shall promptly execute and/or deliver to the Chargee such forms of proxy or power of attorney as it may require in connection with that exercise.
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Chargees Rights. The Hirer acknowledges and agrees: (a) E.I Group as owner may charge the Equipment, or may have charged the Equipment in favour of a bank or otherfinancier (Chargee) to securefinance to E.IGroup; (b) any such Chargeeshall havethe samerights of inspection and access to the Equipment as E.IGroup has under these Terms: (c) the Hirer shallnothinderor obstructtheChargeefromtakingpossession oftheEquipmentunderits charge and insuch event this Hire Agreementshall automatically terminate and E.I Group shall not be liable to the Hirer in relation to suchtermination. (a) The Security Bond secures E.I Group against any failure by the Hirer to comply with the conditions of this Hire Agreement relating to thecare or repair of the Equipment or thepayment of the Rental Fee or othercharges due. (b) In the event of a breach of the Hire Agreement by the ▇▇▇▇▇, ▇.IGroupmay applythe Security Bond wholly or in part to any loss ordamagesustained, or unpaidcharge and claimpayment accordingly. (c) The Hirer shall not apply the Security Bond as part of the Rental Feewithout E.IGroup'swrittenconsent. (d) Following redelivery of the Equipment to, or collection of the Equipment by, E.IGroup, E.I Group shall repay to the Hirerany part of the Security Bond which has not been applied pursuant to this Hire Agreement.
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Chargees Rights. 5.1 For the avoidance of doubt, it is acknowledged that the Collateral Agent is permitted to act on the instructions of the Applicable Representative in accordance with clause 2.02(a)(i) of the First Lien Intercreditor Agreement. It is further acknowledged that the Collateral Agent may assume that any and all instructions received by it from the Applicable Representative under this Agreement are reasonable, and that any question as to the reasonableness or otherwise of such instructions shall be determined as between the Applicable Representative and the Chargor. 5.2 The Chargor acknowledges and agrees that the Collateral Agent’s actions under this Agreement are on the basis of authority conferred under the Principal Finance Documents to which the Collateral Agent is a party, and on directions of the Applicable Representative. In so acting, the Collateral Agent shall have the protections, immunities, rights, indemnities and benefits conferred on a collateral agent under the Principal Finance Documents. 5.3 The powers conferred by this Agreement on the Chargee in relation to the Quota or any part thereof shall be in addition to and not in substitution for the rights conferred on the Chargee by applicable law except insofar as they are excluded by this Agreement and, where there is any ambiguity or conflict between the rights contained in any such applicable law and those conferred by this Agreement, then the terms of this Agreement shall prevail to the extent permitted by such law. 5.4 The Chargee shall be entitled, subject to the Agreed Security Principles, the terms of the Principal Finance Documents and this Agreement and the reasonable instructions of the Applicable Representative, at any time to take any such action permitted under the relevant laws as it in its discretion thinks fit for the purpose of protecting the Charge. For the avoidance of doubt, enforcement action shall be governed by Clause 6 of this Agreement. 5.5 Subject to Section 4.05 of the First Lien Intercreditor Agreement, the Chargee may, at any time and from time to time, delegate by power of attorney to any person all or any of the rights conferred on it by this Agreement which are for the time being exercisable by the Chargee hereunder in relation to the Quota or any part thereof and the Chargee shall inform the Chargor of such a delegation or appointment of a delegate. 5.6 The Chargee does not need, before it exercises any of the rights conferred upon it by this Agreement or by law...
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Chargees Rights. 11.1 At any time after the occurrence of an Event of Default, the Chargee shall, to the fullest extent permitted by applicable law, in addition to any rights and powers conferred to it by Clause 10 (Default, Enforcement and Application of Proceeds) of this Agreement, have the rights, either in its own name or in the name of the Chargor (or any of them) or otherwise and in such manner and upon such terms and conditions as the Chargee thinks fit, and either alone or jointly with any other person:- 11.1.1 to take immediate possession of, collect and get in the Charged Property (including without limitation, proceeds and other income accrued from time to time); 11.1.2 to sell, transfer or otherwise dispose of all or any part of the Charged Property; 11.1.3 to manage and preserve all or any part of the Charged Property, to do (or permit the Chargor or any nominee of it to do) all such things as the Chargee would be capable of doing if it were the absolute beneficial owner of the Charged Property; 11.1.4 to collect, recover or compromise and give a good discharge for any benefits, utility, returns or other moneys accruing or payable on the Charged Property (or any of them); 11.1.5 to settle, adjust, refer to arbitration, defend, compromise and arrange any claims, accounts, disputes, questions and demands with or by any person relating to the Charged Property (or any of them); 11.1.6 to bring, prosecute, enforce, arbitrate, negotiate, defend, abandon and settle actions, suits and proceedings in relation to the Charged Property (or any of them); 11.1.7 to rank and claim in the bankruptcy, insolvency, sequestration or liquidation of the Chargor; 11.1.8 to redeem any Security Interest (whether or not having priority to the Security Interest created under this Agreement) over the Charged Property (or any of them), to procure the transfer of that Security Interest to itself and/or to settle the accounts of any person with an interest in the Charged Property (or any of them); 11.1.9 to raise or borrow money from or incur any other liability to any person upon such terms and conditions with or without security as the Chargee may think fit so that any such security may be or include a charge or mortgage on the whole or any part of the Charged Property ranking in priority to this Agreement or otherwise (and no person lending such money shall be concerned to see or enquire as to the propriety or purpose of the exercise of such power or the application of money so raised or...
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Chargees Rights 
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Related to Chargees Rights

  • Assignee’s Rights As Purchaser a. Notwithstanding any provisions to the contrary in these Conditions of Sale, the Assignee shall be entitled to bid for the Property whether by itself or its agent and without having to pay any deposit whatsoever. b. In the event the Assignee is declared the Purchaser:- (i) The Assignee is at liberty to set off the purchase price or so much as is applicable against the indebtedness owing to the Assignee under the loan/financing and the Security Documents on the date of successful sale plus costs and expenses for the sale and all other costs and expenses whatsoever incidental thereto; (ii) If approvals from any relevant authorities are required in respect of the purchase, then the Assignee shall apply for the approvals after the successful bid and shall only be required to set off the purchase price or so much as is applicable against the indebtedness owing to the Assignee under the loan/financing and the Security Documents on the date of successful sale plus costs and expenses for the sale and all other costs and expenses whatsoever incidental thereto within ninety (90) days from the date of receipt by the Assignee of all the approvals; (iii) However for avoidance of doubt, nothing in the foregoing shall restrict the Assignee’s right or discretion to pay the full purchase price by way of set off before the approvals have been obtained; (iv) If any of the approvals are not obtained or are obtained but subject to conditions which are not acceptable to the Assignee, the Assignee shall be entitled to terminate the purchase of the Property and the purchase price or part thereof paid including the deposit which has been paid by way of a reduction of the indebtedness owing to the Assignee or by way of set off shall be reversed and parties shall be placed back in position as if this sale has not taken place; (v) The Assignee shall be entitled at its absolute discretion to assign, novate or transfer all or any of its rights, obligations and interests hereunder to a third party in the event that the Assignee exercises its rights to bid for and/or purchase the Property. - Vis-à-vis The Auction c. The Assignee shall be and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever. d. Thereafter, the Assignee is entitled to resell the Property at any time subject to such conditions and provisions whether identical with or differing wholly or in part from the conditions and provisions applicable to the Property to be auctioned at the present auction and in such manner as the Assignee may think fit.

  • Trustee’s Rights and Obligations The Trustee is entitled to receive, and will be fully protected in relying upon, an Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article is authorized or permitted by the Indenture. If the Trustee has received such an Opinion of Counsel, it shall sign the amendment, supplement or waiver so long as the same does not adversely affect the rights of the Trustee. The Trustee may, but is not obligated to, execute any amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under the Indenture.