Collateral Actions Sample Clauses
The Collateral Actions clause defines the rights and procedures related to the enforcement, management, or realization of collateral provided under an agreement. It typically outlines the steps a secured party may take if the counterparty defaults, such as seizing, selling, or otherwise disposing of the collateral to recover owed amounts. This clause ensures that the process for handling collateral is clear and enforceable, thereby protecting the interests of the party holding the security and providing a mechanism to mitigate losses in the event of default.
Collateral Actions. Each of the parties hereto acknowledges and agrees that all provisions herein and under any Security Document relating to rights and remedies under any Security Document shall be exercised only upon the direction of the Required Lenders (except as expressly set forth in Section 9.7), and that the provisions of this Section 9.15 may not be amended except with the consent of the Required Lenders (or, where expressly required, all the Lenders).
Collateral Actions. To further the attachment, perfection and priority of, and Our ability to enforce, Our security interest in the Collateral, and without limitation on Your other obligations under this Agreement, the Guaranty or otherwise, You agree, in each case at Your expense, to take the following actions with respect to the Collateral:
Collateral Actions. Each of the parties hereto acknowledges ------------------ and agrees that all provisions herein and under any Security Document relating to rights and remedies under any Security Document shall be exercised only upon the direction of the Required Lenders (except as expressly set forth in Section 9.14 hereof), and that the provisions of this Section 9.16 may not be amended except with the consent of the Required Lenders; provided, however, that the -------- ------- Majority Banks (or, as provided in Section 11.12 hereof, all Banks) shall determine whether any collateral for the Obligations hereunder may be released.
Collateral Actions. 79 ARTICLE 10 CHANGES IN CIRCUMSTANCES AFFECTING LIBOR ADVANCES............... 79
Collateral Actions. 96 Section 9.15
Collateral Actions. 83 SECTION 9.16
Collateral Actions. The District agrees that it will not cause or encourage any other person or entity to commence, maintain, initiate or prosecute any action, suit, proceeding or claim before any court or other tribunal (whether state, federal or otherwise) against ▇▇▇▇▇ arising from, concerned with, or otherwise related to, in whole or in part, any of the matters released in paragraph 2. This provision shall not restrict the District from providing information to persons or entities that lawfully seek information from the District.
Collateral Actions