Foreclosure on Collateral. If any Event of Default shall occur and be continuing, the Administrative Agent shall have, in addition to all rights and remedies provided for in the U.C.C. and Laws, all such rights (including the right of foreclosure) with respect to the Collateral as provided in the Pledge Agreement, the Security Agreement, the CatchMark Timber Security Agreement, the Mortgages, the Mortgage Amendments and each other Loan Document.
Foreclosure on Collateral. In the event of foreclosure or enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.
Foreclosure on Collateral. In the event of foreclosure or enforcement of the Lien created by any of the Collateral Documents, title to the Collateral covered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Lenders in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.
Foreclosure on Collateral. Take such actions as may be necessary to foreclose on the Collateral, including without limitation settling or adjusting disputes and claims directly with Account Debtors, taking such steps as Lender considers necessary or reasonable to protect its security interest in the Collateral or any part thereof, setting off and applying to the Obligations any and all balances and deposits of Borrower held by Lender or indebtedness at any time owing to or for the credit or the account of Borrower held by Lender, instituting a foreclosure suit in any court having jurisdiction thereof, and selling the Collateral at either a public or private sale, or both, by way of one or more contracts or transactions, for cash or on terms, in such manner and at such places (including any premises of Borrower) as Lender determines is commercially reasonable. Lender may credit bid and purchase at any public sale. Notwithstanding the foregoing, any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrower. Any excess will be returned, without interest and subject to the rights of third Persons, by Lender to Borrower.
Foreclosure on Collateral. It is understood and agreed that the Liens of the Collateral Documents are subject to applicable Law, including without limitation the provisions of West Virginia Code Section 29-22a-1 ET SEQ. Without the Consent of the West Virginia State Lottery Commission, only if such consent is required by the Racetrack Video Lottery Act, X.Xx. Code ss.29-22a-1, ET SEQ., the Administrative Agent shall not assign, bail, sublease, hypothecate, transfer or dispose of the video lottery terminals subject to the Collateral Documents and associated equipment or any interest therein. In the event of foreclosure or enforcement of the Lien created by any of the Collateral Documents, title to the Collateral covered thereby shall be taken and held by the Administrative Agent (or any designee thereof) pro rata for the benefit of the Lenders in accordance with their Pro Rata Shares and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.
Foreclosure on Collateral. (A) After the expiration of the applicable Investor Cure Period, if any, (subject to the extensions described in Section 2(c)(i)(A)), the Lender may, subject to the provisions of this Section 2(d)(i), in respect of any uncured and continuing Event of Default, exercise any and all of its rights and remedies under the Financing Documents or otherwise under applicable law with respect to the Collateral; provided that, unless such Event of Default was reasonably capable of being cured by the Investor within the applicable Investor Cure Period (including any Event of Default in respect of nonpayment of principal and interest due under the Financing Agreement), if any (x) no membership interests in the Borrower and (y) no part of the assets of any Facility may be foreclosed on or sold, assigned, leased or otherwise transferred by the Lender if such foreclosure or sale, assignment, lease or other transfer would cause an ITC Loss Event; provided further that in no event shall the foregoing proviso limit the rights and remedies of the Lender with respect to the Accounts Collateral, including the right to access and withdraw funds from the Accounts in accordance with the Accounts Agreement.
(B) Notwithstanding anything in Section 2(d)(i)(A) to the contrary, the Lender may foreclose on any membership interests in the Borrower or Holdco constituting Collateral (or on any other Collateral) without regard to any Investor Cure Period if (i) the relevant uncured and continuing Event of Default shall be for (x) the occurrence of any of the events under Section 8.0l(g) of the Financing Agreement with respect to the Borrower, Pledgor or Sponsor or (y) a default by the Borrower pursuant to Section 8.0l(c)(i) (with respect to failure to comply with Section 7.0 l(n) or Section 7.0l(r) of the Financing Agreement) of the Financing Agreement or (ii) the Investor defaults in any of its funding obligations to Holdco under the Tax Equity ECCA or the Holdco LLC Agreement.
Foreclosure on Collateral. Upon the occurrence of any Event of Default by HSI under any of the Transaction Documents, Enron may exercise all the rights and remedies of a secured Party under the Uniform Commercial Code ("UCC") as in effect in the State of Texas whether or not the affected collateral is located in Texas. Enron may sell any collateral at one or more public or private sales, at the office of Enron or elsewhere, for cash or credit and upon such other terms as Enron deems commercially reasonable. Enron may bid at any such sale. HSI agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, HSI hereby deems ten days advance notice of the time and place of any public or private sale reasonable notification, recognizing that if the collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, shorter notice may be reasonable. Enron shall not be obligated to make any sale of collateral regardless of notice of sale having been given. Enron may adjourn any sale by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was adjourned. In the event that any sale hereunder is not completed or is defective in the opinion of Enron, Enron shall have the right to cause subsequent sales to be made hereunder. The remedies described in this Section 6.3 shall be cumulative with all other remedies of Enron hereunder or under any other Transaction Document and no delay in enforcing the foregoing shall act as a waiver of Enron's rights hereunder or thereunder.
Foreclosure on Collateral. Anything contained in any of the Credit Documents to the contrary notwithstanding, no Agent shall enforce any power, right or remedy hereunder or under any other Credit Document the result of which would be that a Lender which is not a resident of Canada for the purposes of the Income Tax Act (Canada), or any Agent on behalf of or for the benefit of such a Lender, shall hold title to or otherwise become the owner or holder of any property or interest therein (other than by way of security) situated in Canada without such Lender’s prior written consent.
Foreclosure on Collateral. Institute legal proceedings to foreclose upon and against the Stations under the Mortgages, and exercise any other right, power, privilege or remedy which may be available to a secured party under the Uniform Commercial Code or other applicable law, to recover all amounts then due and owing under the Loan Documents.
Foreclosure on Collateral. The commencement of any foreclosure or forfeiture proceeding, execution or attachment against any collateral securing any of the Obligations.