Enforcement of Lien Rights. Upon default by Tenant beyond any grace period to cure same, Landlord shall have all rights of a secured party under the USS, to take possession of any furniture, fixtures or other personal property of Tenant found in or about the Premises, and sell the same at public or private sale and to apply the proceeds thereof to the payment of any monies becoming due under the Lease. Tenant agrees to pay, as additional rent, all reasonable attorneys' fees and other expenses incurred by Landlord in enforcing its lien given above.
Enforcement of Lien Rights. (a) At the direction of the Majority Lenders, the Agent shall proceed with the enforcement of Lenders' rights against the Collateral for the benefit of Lenders under the Loan Documents. Any repossession, sale or distribution of proceeds of Collateral shall be accomplished as required by this Agreement, the other Loan Documents and applicable law. Agent is authorized to exercise all rights and remedies of the Lenders under the Loan Documents, provided that, absent exigent circumstances where action is determined by Agent to be necessary to protect Collateral, the Agent shall not proceed to enforce Lenders' rights and remedies against the Collateral or Borrower by foreclosure, judicial action or the like ("Enforcement Action"), unless and until directed to do so by the Majority Lenders. Unless the Agent shall request further guidance or consents, any direction by the Majority Lenders to begin Enforcement Action shall state only that the Agent shall begin enforcement, and shall not specify the manner in which enforcement should proceed. Once the Agent receives an enforcement direction from the Majority Lenders, all decisions as to how to proceed to enforce the Lenders' rights and remedies, including, without limitation, the methods and timing of proceeding, may be made by the Agent in its good faith business judgment, with such consultation with Lenders as Agent in its sole discretion deems reasonable under the circumstances. Notwithstanding the foregoing, if the Agent shall request the consent of the Lenders as to any specific enforcement action, and the Lenders shall not unanimously agree, in writing, whether such action should or should not be taken, then the Agent may (i) rely upon the decision of the Majority Lenders, or (ii) in its discretion, refrain from taking such action, unless the Majority Lenders agree to indemnify Agent expressly with respect to the specific enforcement action proposed to be taken. In the event of one or more foreclosure sales, Agent shall have the right to credit bid on behalf of all Lenders in respect of their Loans and all other Obligations of Borrower under the Loan Documents.
Enforcement of Lien Rights. Upon default by Tenant beyond -------------------------- any grace period to cure same, Landlord shall have the right, as agent of Tenant, to take possession of any furniture, fixtures or other personal property of Tenant found in or about the Premises, and sell the same at public or private sale and to apply the proceeds thereof to the payment of any moneys becoming due under the Lease, the Tenant hereby waiving the benefit of all laws exempting property from execution, levy and sale on distress or judgment. Tenant agrees to pay, as additional rent, all reasonable attorney's fees and other expenses incurred by Landlord in enforcing its lien given above.
