Common use of Collections, etc Clause in Contracts

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, but subject to the 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 to do so, or the 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 Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. 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 Lender may make such payments and take all such actions as the Lender reasonably deems necessary to protect the Lender’s security interests in the Collateral and/or the value thereof, and the Lender is hereby authorized (without limiting the general nature of the authority hereinabove conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Lender appear to he equal to, prior to or superior to the security interests of the 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, but subject to the Intercreditor Agreement, the Lender Collateral Agent may, in its sole discretion, in its name (on behalf of the Secured Parties) 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 sodo, or the Lender Collateral 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 Lender Collateral Agent will not be required to take any steps to preserve any rights against prior parties to the Collateral. Upon the occurrence and during the continuation of an Event of Default, if If any Credit Party fails to make any payment or take any action required hereunder, the Lender Collateral Agent may make such payments and take all such actions as the Lender Collateral Agent reasonably deems necessary to protect the Lender’s Collateral Agent's (on behalf of the Secured Parties) security interests in the Collateral and/or the value thereof, and the Lender Collateral Agent is hereby authorized (without limiting the general nature of the authority hereinabove herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Lender Collateral Agent appear to he be equal to, prior to or superior to the security interests of the Lender Collateral Agent (on behalf of the Secured Parties) 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, but subject to the Intercreditor Agreement, the 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 sodo, or the 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 Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. Upon the occurrence and during the continuation of an Event of Default, if If any Credit Party fails to make any payment or take any action required hereunder, the Lender may make such payments and take all such actions as the Lender reasonably deems necessary to protect the Lender’s 's security interests in the Collateral and/or the value thereof, and the Lender is hereby authorized (without limiting the general nature of the authority hereinabove herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Lender appear to he be equal to, prior to or superior to the security interests of the 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, but subject to the Intercreditor Agreement, the Lender Collateral Agent may, in its sole discretion, in its name (on behalf of the Secured Parties) 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 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 sodo, or the Lender Collateral 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 Lender Collateral Agent will not be required to take any steps to preserve any rights against prior parties to the Collateral. Upon the occurrence and during the continuation of an Event of Default, if If any Credit Party fails to make any payment or take any action required hereunder, the Lender Collateral Agent may make such payments and take all such actions as the Lender Collateral Agent reasonably deems necessary to protect the Lender’s Collateral Agent's (on behalf of the Secured Parties) security interests in the Collateral and/or the value thereof, and the Lender Collateral Agent is hereby authorized (without limiting the general nature of the authority hereinabove herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Lender Collateral Agent appear to he be equal to, prior to or superior to the security interests of the Lender Collateral Agent (on behalf of the Secured Parties) in the Collateral (except for Permitted Encumbrances) and any Liens not expressly permitted by this Credit Agreement or the Note Agreement.

Collections, etc. Upon the occurrence and during the continuance of an Event of Default, but subject to the Intercreditor Agreement, the 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 sodo, or the 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 Lender will not be required to take any steps to preserve any rights against prior parties to the Collateral. Upon the occurrence and during the continuation of an Event of Default, if If any Credit Party fails to make any payment or take any action required hereunder, the Lender may make such payments and take all such actions as the Lender reasonably deems necessary to protect the Lender’s 's security interests in the Collateral and/or the value thereof, and the Lender is hereby authorized (without limiting the general nature of the authority hereinabove herein above conferred) to pay, purchase, contest or compromise any Liens that in the judgment of the Lender appear to he be equal to, prior to or superior to the security interests of the Lender in the Collateral (except for Permitted Encumbrances) and any Liens not expressly permitted by this Credit Agreement.