Common use of Collections, etc Clause in Contracts

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, in its sole discretion, in its name or in the name of any Credit Party or otherwise, demand, xxx for, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to do, or the Administrative Agent may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Party. The Administrative Agent will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party fails to make any payment or take any action required hereunder, the Administrative Agent may make such payments and take all such actions as the Administrative Agent reasonably deems necessary to protect the Lenders' security interests in the Collateral and/or the value thereof, and the Administrative Agent is hereby authorized (without limiting the general nature of the authority herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Administrative Agent appear to be equal to, prior to or superior to the security interests of the Lenders in the Collateral and any Liens not expressly permitted by this Credit Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent Lender may, in its sole discretion, in its name or in the name of any Credit Party or otherwise, demand, xxx sue for, collect or receive any money or property at any time payable payabxx or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to do, or the Administrative Agent Lender may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Party. The Administrative Agent Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party fails to make any payment or take any action required hereunder, the Administrative Agent Lender may make such payments and take all such actions as the Administrative Agent Lender reasonably deems necessary to protect the Lenders' Lender's security interests in the Collateral and/or the value thereof, and the Administrative Agent Lender is hereby authorized (without limiting the general nature of the authority herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Administrative Agent Lender appear to be equal to, prior to or superior to the security interests of the Lenders Lender in the Collateral and any Liens not expressly permitted by this Credit Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent Secured Party may, in its sole discretion, in its name or in the name of any Credit Party the Debtor or otherwise, demand, xxx for, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to do, or the Administrative Agent Secured Party may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Partyof the Debtor. The Administrative Agent Secured Party will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party the Debtor fails to make any payment or to take any action required hereunder, the Administrative Agent Secured Party may make such payments and take all such actions as the Administrative Agent Secured Party reasonably deems necessary to protect the Lenders' Secured Party's security interests in the Collateral and/or the value thereof, and the Administrative Agent Secured Party is hereby authorized (without limiting the general nature of the authority herein above hereinabove conferred) to pay, purchase, contest or compromise any Liens that liens which in the judgment of the Administrative Agent Secured Party appear to be equal to, prior to or superior to the security interests of the Lenders Secured Party in the Collateral and any Liens liens not expressly permitted by this Credit Security Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, in its sole discretion, in its name or in the name of any Credit Party or otherwise, demand, xxx for, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to do, or the Administrative Agent may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Party. The Administrative Agent will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party fails to make any payment or take any action required hereunder, the Administrative Agent may make such payments and take all such actions as the Administrative Agent reasonably deems necessary to protect the Lenders' security interests in the Collateral and/or the value thereof, and the Administrative Agent is hereby authorized (without limiting the general nature of the authority herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Administrative Agent appear to be equal to, prior to or superior to the security interests of the Lenders in the Collateral (other than Permitted Encumbrances) and any Liens not expressly permitted by this Credit Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, but subject to the Administrative Agent Intercreditor Agreement, the Lender may, in its sole discretion, in its name or in the name of any Credit Party or otherwise, demand, xxx for, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to dodo so, or the Administrative Agent Lender may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Party. The Administrative Agent Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. If Upon the occurrence and during the continuation of an Event of Default, if any Credit Party fails to make any payment or take any action required hereunder, the Administrative Agent Lender may make such payments and take all such actions as the Administrative Agent Lender reasonably deems necessary to protect the Lenders' Lender’s security interests in the Collateral and/or the value thereof, and the Administrative Agent Lender is hereby authorized (without limiting the general nature of the authority herein above hereinabove conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Administrative Agent Lender appear to be he equal to, prior to or superior to the security interests of the Lenders Lender in the Collateral (except for Permitted Encumbrances) and any Liens not expressly permitted by this Credit Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, and during the Administrative Agent continuation of such Event of Default, Secured Party may, in its sole discretion, in its name or in the name of any Credit Party Grantor or otherwise, demand, xxx forsue xxx, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to dodo so, or Secured Party may, to the Administrative Agent may fullest extent permitted by applicable law extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Partyof Grantor. The Administrative Agent Secured Party will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party Grantor fails to make any payment or take any action required hereunder, the Administrative Agent may Secured Party may, after notice to Grantor, make such payments and take all such actions as the Administrative Agent Secured Party reasonably deems necessary to protect the Lenders' Secured Party's security interests interest in the Collateral and/or the value thereof, and the Administrative Agent Secured Party is hereby authorized (without limiting the general nature of the authority herein above hereinabove conferred) to pay, purchase, contest contest, or compromise any Liens encumbrances, charges or liens that in the judgment of the Administrative Agent Secured Party appear to be equal to, prior to or superior to the security interests interest of the Lenders Secured Party in the Collateral and any Liens not expressly permitted by this Credit Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent Lender may, in its sole discretion, in its name or in the name of any Credit Party or otherwise, demand, xxx forsue xxx, collect or receive any money or property at any time payable or receivable on account of or in exchange for, or make any compromise or settlement deemed desirable with respect to, any of the Collateral, but shall be under no obligation so to do, or the Administrative Agent Lender may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Credit Party. The Administrative Agent Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. If any Credit Party fails to make any payment or take any action required hereunder, the Administrative Agent Lender may make such payments and take all such actions as the Administrative Agent Lender reasonably deems necessary to protect the Lenders' Lender's security interests in the Collateral and/or the value thereof, and the Administrative Agent Lender is hereby authorized (without limiting the general nature of the authority herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Administrative Agent Lender appear to be equal to, prior to or superior to the security interests of the Lenders Lender in the Collateral and any Liens not expressly permitted by this Credit Agreement.