Common use of Enforcement of Collateral Clause in Contracts

Enforcement of Collateral. In remedies which Holder has hereunder or by law, upon Default, Holder shall have the right to enforce its rights in the Collateral by giving notice of the Default to Borrower and foreclosing on the Collateral.

Appears in 5 contracts

Samples: Promissory Note and Security Agreement (VCG Holding Corp), Promissory Note and Security Agreement (VCG Holding Corp), Promissory Note and Security Agreement (VCG Holding Corp)

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Enforcement of Collateral. In addition to any other remedies which Holder has hereunder or by law, upon Default, Holder shall have the right to enforce its rights in the Collateral by giving notice of the Default to Borrower and foreclosing on the Collateral.

Appears in 1 contract

Samples: Promissory Note and Security Agreement (VCG Holding Corp)

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