Exercise of Other Rights. Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled. Lender may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender in the Loan Documents. Lender shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's possession, at Borrower's expense, and make it available to Lender at a place to be determined by Lender which is reasonably convenient to both parties, and Lender shall have the right to take immediate possession of all of the Collateral, and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of Lender, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 2 contracts
Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender Agent on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to xxx in its own name the maker of any defaulted Pledged Notes Receivable. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws Applicable Laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's Agent’s possession, at Borrower's ’s expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall Agent shall, on behalf of the Lenders, have the right to take immediate possession of all of the Collateral, and may enter the Resort Resorts or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 2 contracts
Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender Agent, on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to sue in its own name the maker of any defaulted Pledged Notes Receivabxx. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in LenderAgent's possession, at Borrower's expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall shall, on behalf of each Lender, have the right to take immediate possession of all of the Collateral, and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 2 contracts
Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Agent on behalf of each Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws Applicable Laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's Agent’s possession, at Borrower's ’s expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall Agent shall, on behalf of the Lenders, have the right to take immediate possession of all of the Collateral, and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender Agent on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to sxx in its own name the maker of any defaulted Pledged Notes Receivable. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws Applicable Laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in LenderAgent's possession, at Borrower's expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall Agent shall, on behalf of the Lenders, have the right to take immediate possession of all of the Collateral, and may enter the Resort Resorts or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender Agent, on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code Code, the Other Loan Documents and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to sue in its own name the maker of any defaulted Pledged Notes Receivxxxe. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in LenderAgent's possession, at Borrower's expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall shall, on behalf of each Lender, have the right to take immediate possession of all of the Collateral, and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Acquisition, Construction and Receivable Loan, Security and Agency Agreement (Bluegreen Corp)
Exercise of Other Rights. Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled. Lender , and may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender in the Loan Documents. Lender shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's possession, at Borrower's expense, and make it available to Lender at a place to be determined by Lender which is reasonably convenient to both parties, and Lender shall have the right to take immediate possession of all of the Collateral, and may enter the Resort Mortgaged Property or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of Lender, to keep and store the same on said premises until sold (and if said premises shall be the property of Borrower, Borrower agrees not to charge Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Bluegreen Corp)
Exercise of Other Rights. Lender TFC shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to SPV, the right to continue to collect all payments made on the Pledged Receivables, and to apply such payments to the Obligations and Parallel Claims, and to xxx in its own name the maker of any defaulted Pledged Receivables. Lender TFC may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender TFC shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender TFC in the Loan Documents. Lender TFC shall also have the right to require the Borrower SPV to assemble any of the Collateral not in LenderTFC's possession, at BorrowerSPV's expense, and make it available to Lender TFC at a place to be determined by Lender TFC which is reasonably convenient to both parties, and Lender TFC shall have the right to take immediate possession of all of the Collateral, and may enter the Resort Resorts or any of the premises of Borrower SPV or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderTFC, to keep and store the same on said premises until sold (and if said premises be the property of BorrowerSPV, Borrower SPV agrees not to charge Lender TFC for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable and to apply such payments to the Obligations, and to xxx in its own name the other maker of any defaulted Pledged Note Receivable. Lender may also exercise any and all other rights or remedies afforded by any other applicable laws Applicable Laws or by the Loan Documents Documents, as Lender shall deem appropriate, at law, in equity equity, or otherwise, including, including but not limited to, to the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender in the Loan Documents. Lender shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's possession, at Borrower's expense, and make it available to Lender at a place to be determined by Lender which that is reasonably convenient to both parties, and Lender shall have the right to take immediate possession of all or any portion of the Collateral, Collateral and may enter the Resort Receivables Loan Approved Resorts or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of Lender, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety sixty (9060) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower or Guarantors, the right to continue to collect all payments made on the Pledged Notes Receivable and to apply such payments to the Obligations, and to xxx in its own name the other maker of any defaulted Pledged Note Receivable. Lender may also exercise any and all other rights or remedies afforded by any other applicable laws Applicable Laws or by the Loan Documents Documents, as Lender shall deem appropriate, at law, in equity equity, or otherwise, including, including but not limited to, to the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender in the Loan Documents. Lender shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's possession, at Borrower's expense, and make it available to Lender at a place to be determined by Lender which that is reasonably convenient to both parties, and Lender shall have the right to take immediate possession of all or any portion of the Collateral, Collateral and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of Lender, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety sixty (9060) days after sale or disposition of the Collateral).
Appears in 1 contract
Exercise of Other Rights. Lender Agent, on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to the Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to sue xx its own name the maker of any defaulted Pledged Notes Receivable. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in LenderAgent's possession, at Borrower's expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall shall, on behalf of each Lender, have the right to take immediate possession of all of the Collateral, and may enter the Resort or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)
Exercise of Other Rights. Lender Agent, on behalf of each Lender, shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled, including, without limitation, and without notice to Borrower, the right to continue to collect all payments made on the Pledged Notes Receivable, and to apply such payments to the Obligations, and to sxx in its own name the maker of any defaulted Pledged Notes Receivable. Lender Agent may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender Agent shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender Agent in the Loan Documents. Lender Agent shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's Agent’s possession, at Borrower's ’s expense, and make it available to Lender Agent at a place to be determined by Lender Agent which is reasonably convenient to both parties, and Lender shall shall, on behalf of each Lender, have the right to take immediate possession of all of the Collateral, and may enter the Resort Resorts or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of LenderAgent, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Agent or any Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract
Exercise of Other Rights. Lender shall have all the rights and remedies of a secured party under the Code and other legal and equitable rights to which it may be entitled. Lender , and may also exercise any and all other rights or remedies afforded by any other applicable laws or by the Loan Documents as Lender shall deem appropriate, at law, in equity or otherwise, including, but not limited to, the right to bring suit or other proceeding, either for specific performance of any covenant or condition contained in the Loan Documents or in aid of the exercise of any right or remedy granted to Lender in the Loan Documents. Lender shall also have the right to require the Borrower to assemble any of the Collateral not in Lender's possession, at Borrower's expense, and make it available to Lender at a place to be determined by Lender which is reasonably convenient to both parties, and Lender shall have the right to take immediate possession of all of the Collateral, and may enter the Resort Property or any of the premises of Borrower or wherever the Collateral shall be located, with or without process of law wherever the Collateral may be, and, to the extent such premises are not the property of Lender, to keep and store the same on said premises until sold (and if said premises be the property of Borrower, Borrower agrees not to charge Lender for use and occupancy, rent, or storage of the Collateral, for a period of at least ninety (90) days after sale or disposition of the Collateral).
Appears in 1 contract