Collateral Agent Rights. (a) At any time during an Event of Default (but, in the case of a Developer Default, only for so long as the Initial Period has not expired), without giving a Step-in Notice, the Collateral Agent may (but shall have no obligation), at its sole option and discretion, perform or arrange for the performance of any act, duty, or obligation required of the Developer under the Comprehensive Agreement, or remedy any breach of the Developer thereunder at any time, which performance or remedy by or on behalf of the Collateral Agent will be accepted by the Department in lieu of performance by the Developer and in satisfaction of the Developer’s obligations under the Comprehensive Agreement. To the extent that any breach of the Developer under the Comprehensive Agreement is remedied and/or any payment liabilities or obligations of the Developer are performed by the Collateral Agent under this Section 3.02(a), such action will discharge the relevant liabilities or obligations of the Developer to the Department. No such performance by or on behalf of the Collateral Agent under this Section 3.02(a) will be construed as an assumption by the Collateral Agent, or any person acting on the Collateral Agent’s behalf, of any of the covenants, agreements or other obligations of the Developer under the Comprehensive Agreement.
Collateral Agent Rights. (a) At any time during an Event of Default (but, in the case of a Concessionaire Default, only for so long as the Initial Period has not expired), without giving a Step-in Notice, the Collateral Agent may (but shall have no obligation), at its sole option and discretion, perform or arrange for the performance of any act, duty, or obligation required of the Concessionaire under the Comprehensive Agreement, or remedy any breach of the Concessionaire thereunder at any time, which performance or remedy by or on behalf of the Collateral Agent will be accepted by the Department in lieu of performance by the Concessionaire and in satisfaction of the Concessionaire’s obligations under the Comprehensive Agreement. To the extent that any breach of the Concessionaire under the Comprehensive Agreement is remedied and/or any payment liabilities or obligations of the Concessionaire are performed by the Collateral Agent under this Section 3.02(a), such action will discharge the relevant liabilities or obligations of the Concessionaire to the Department. No such performance by or on behalf of the Collateral Agent under this Section 3.02(a) will be construed as an assumption by the Collateral Agent, or any person acting on the Collateral Agent’s behalf, of any of the covenants, agreements or other obligations of the Concessionaire under the Comprehensive Agreement.
Collateral Agent Rights. The Collateral Agent is hereby authorized to file one of more UCC-1 Financing Statements with the Secretary of State of the State of Nevada evidencing and providing notice of the security interest granted pursuant to this Agreement in the Collateral.
Collateral Agent Rights. The rights, privileges, immunities and indemnities provided to the Collateral Agent under the Intercreditor and Collateral Agency Agreement shall, to the extent applicable, apply in this Debenture as if fully set forth herein.
Collateral Agent Rights. (a) At any time during a Xxxx Ex Concessionaire Breach, only for so long as the Initial Period has not expired, the Collateral Agent may (but shall have no obligation), at its sole option and discretion, perform or arrange for the performance of any act, duty, or obligation required of the Concessionaire under the Comprehensive Agreement with respect to the Xxxx Ex Project, or remedy any Xxxx Ex Concessionaire Breach at any time, which performance or remedy by or on behalf of the Collateral Agent will be accepted by the Department in lieu of performance by the Concessionaire and in satisfaction of the Concessionaire’s obligations under the Comprehensive Agreement with respect to the Xxxx Ex Project. To the extent that any Xxxx Ex Concessionaire Breach is remedied and/or any payment liabilities or obligations of the Concessionaire are performed by the Collateral Agent under this Section 3.02(a), such action will discharge the relevant liabilities or obligations of the Concessionaire to the Department. No such performance by or on behalf of the Collateral Agent under this Section 3.02(a) will be construed as an assumption by the Collateral Agent, or any person acting on the Collateral Agent’s behalf, of any of the covenants, agreements or other obligations of the Concessionaire under the Comprehensive Agreement.
Collateral Agent Rights. If an Enforcement Event has occurred and is continuing, the Collateral Agent may in its absolute discretion or shall, if so instructed by the Applicable Representative, without notice or further demand, exercise from time to time all rights, powers and remedies held by it as assignee of the Deposits and to:
Collateral Agent Rights. The Collateral Agent shall be entitled to all of the rights, protections, indemnities and immunities set forth in the Note Purchase Agreement as if set forth herein.
Collateral Agent Rights. (a) At any time during the continuation of an Event of Default or a Developer Default (in the case of a Developer Default only, for so long as the Cure Period has not expired), without giving a Step-in Notice, the Collateral Agent may (but shall have no obligation to), at any time and at its discretion, perform or arrange for the performance of any act, duty or obligation required of Developer under the Project Agreement, or cure any breach of Developer thereunder or any Developer Default, which performance or cure by or on behalf of the Collateral Agent the Enterprises agree to accept in lieu of performance or cure by Developer (without prejudice to Developer’s continued right to perform the relevant act, duty or obligation or cure the relevant breach or Developer Default) and in satisfaction of Developer’s corresponding obligations. For certainty, to the extent that any breach of Developer under the Project Agreement is cured and/or any payment liabilities or obligations of Developer are performed by the Collateral Agent under this Section 4.2(a), such action shall discharge the relevant liabilities or obligations of Developer to the Enterprises.
Collateral Agent Rights. Managing Agent may (and shall upon Requisite Lender's direction), at any time that an Event of Default shall have occurred and be continuing, deliver notice under the Cash Management Letter to each of the financial institutions party thereto, requiring that all funds on deposit in the Deposit Accounts of Borrower and its Subsidiaries (other than Excluded Accounts) be transferred on a daily basis to the Collection Account (it being understood that funds may be transferred through intermediary accounts in the Cash Management System subject to Cash Management Letters prior to ultimate transfer to the Collection Account), and upon such notice and thereafter, without limiting any other provision of this Agreement or the other Loan Documents, Borrower agrees to perform and comply and to cause each of its Subsidiaries to perform and comply with the following covenants and agreements:
Collateral Agent Rights. The rights, privileges, protections, immunities and benefits given to the Disbursement Agent, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Collateral Agent.
