Common use of Enforcement by Secured Party Clause in Contracts

Enforcement by Secured Party. The Secured Party may, without notice to the Pledgor and at such time or times as the Secured Party in its sole discretion may determine, exercise any or all of the Pledgor's rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of the Pledgor's rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Secured Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Secured Obligations and (iii) preparing, filing and signing the name of the Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving Collateral and (B) any notice of lien, assignment or satisfaction of lien, or similar document in connection with any Secured Obligation.

Appears in 2 contracts

Samples: Security Agreement (Shelbourne Properties Ii Inc), Security Agreement (Shelbourne Properties Iii Inc)

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Enforcement by Secured Party. The Secured Party may, without notice to the Pledgor Pledgors (to the extent permitted by law) and at such time or times as the Secured Party in its sole discretion may determine, exercise any or all of the Pledgor's Pledgors’ rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of the Pledgor's Pledgors’ rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Secured Collateral Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Secured Collateral Obligations and (iii) preparing, filing and signing the name of the any Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving any Collateral Debtor and (B) any notice of lien, assignment or satisfaction of lien, or similar document in connection with any Secured Collateral Obligation.

Appears in 2 contracts

Samples: Pledge Agreement (Cablevision Systems Corp /Ny), Pledge Agreement (Cablevision Systems Corp /Ny)

Enforcement by Secured Party. The Secured Party may, without notice to the Pledgor and at such time or times as the Secured Party in its sole discretion may determine, exercise any or all of the Pledgor's rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of the Pledgor's rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Secured Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Secured Obligations and (iii) preparing, filing and signing the name of the Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving Collateral and (B) any notice of lien, assignment or satisfaction of o f lien, or similar document in connection with any Secured Obligation.

Appears in 1 contract

Samples: Security Agreement (Shelbourne Properties I Inc)

Enforcement by Secured Party. The Secured Party may, without notice to the Pledgor and at such time or times as the Secured Party in its sole discretion may determine, exercise any or all of the Pledgor's rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of the Pledgor's rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Secured Collateral Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Secured Collateral Obligations and (iii) preparing, filing and signing the name of the Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving Collateral AEE 2 and (B) any notice of lien, assignment or satisfaction of lien, or similar document in connection with any Secured Collateral Obligation.

Appears in 1 contract

Samples: LLC Membership Interest Pledge Agreement (Aes Eastern Energy Lp)

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Enforcement by Secured Party. The Secured Party may, without notice to the Pledgor and at such time or times as the Secured Party in its sole discretion may determine, exercise any or all of the Pledgor's ’s rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of the Pledgor's ’s rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Secured Collateral Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Secured Collateral Obligations and (iii) preparing, filing and signing the name of the Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving Collateral any Issuer and (B) any notice of lien, assignment or satisfaction of lien, or similar document in connection with any Secured Collateral Obligation.

Appears in 1 contract

Samples: Credit Agreement (Aes Eastern Energy Lp)

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