General; Acceleration. (i) If an Event of Default shall have occurred and be continuing and so long as the same shall be continuing, then and in every such case, the Administrative Agent may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Section 12 and shall have and in addition, may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code.
General; Acceleration. Upon the occurrence of any Event of Default and at any time thereafter during the continuance of such Event of Default, at the election of Required Lenders, and by notice to Borrower (except if an Event of Default described in Section 7.1.10 hereof has occurred, in which case acceleration shall occur automatically with respect to the entire indebtedness and without notice), Lenders may accelerate the Line of Credit Maturity Date and may declare all or any portion of the indebtedness of Borrower to Lenders (hereunder or otherwise, but including the unpaid balance of principal, interest and fees hereunder) to be immediately due and payable. Upon any such declaration, Lenders and Administrative Agent (for the benefit of Lenders) will have the immediate right to enforce and realize upon any collateral security granted in connection herewith in any manner or order that the Required Lenders or Administrative Agent (at the direction of Required Lenders) deem expedient without regard to any equitable principles of marshalling or otherwise.
General; Acceleration. (a) If an Event of Default shall occur and be continuing, the Security Agent, on behalf of the Lenders, may exercise, in addition to all other rights and remedies granted to them in this Security Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the New York UCC or any other applicable Law. Without limiting the generality of the foregoing, the Security Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by Law referred to below) to or upon Borrower or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the Security Agent or any Lender or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Security Agent or any Lender shall have the right upon any such public sale or sales, and, to the extent permitted by Law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in Borrower, which right or equity of redemption is hereby waived and released. At any public or private sale the Lenders shall be entitled to credit against the purchase price bid at such sale all or any part of the unpaid amounts of Loan Certificates or other Secured Obligations. Borrower further agrees, at the Security Agent’s request, to make the Collateral available to the Security Agent at places which the Security Agent shall reasonably select, whether at Borrower’s premises or elsewhere. The Security Agent shall apply the net proceeds of any action taken by it pursuant to this Section 4.1, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of Security Agen...
General; Acceleration. (a) If an Event of Default shall have occurred and be continuing and so long as the same shall be continuing unremedied, then and in every such case, the Indenture Trustee may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Article IX; shall have and may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code; and may exercise remedies available under the Cape Town Convention.
General; Acceleration. (a) If an Event of Default shall have occurred and be continuing, then and in every such case, Security Agent may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Section 4, and shall have and may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code, including, without limitation, the right to purchase the Aircraft from Airframe Manufacturer (subject to the Consent and Agreement).
General; Acceleration. (i) (i) If an Event of Default shall have occurred and be continuing and so long as the same --------------------- shall be continuing, then and in every such case, the Lender may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Section 12 and shall have and in addition, may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code.
General; Acceleration. (a) If an Event of Default shall have occurred and be continuing and so long as the same shall be continuing unremedied, then and in every such case, the Lender may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Section 4, and shall have and may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code, including, without limitation, the right to assign its right to purchase the Aircraft from Bombardier (subject to the Consent and Agreement).
General; Acceleration. At any time during the existence of any Event of Default, at the election of Lender but with notice thereof to Borrower (unless an Event of Default described in Section 7.1.10 hereof has occurred, in which case acceleration will occur automatically with respect to the entire indebtedness and without any notice), then Lender may accelerate the Line of Credit Maturity Date and may declare all or any portion of the indebtedness of Borrower to Lender (hereunder or otherwise, but including the unpaid balance of principal, interest and fees hereunder) to be immediately due and payable. At any time during the existence of any Event of Default, Lender will also have the immediate right to enforce and realize upon any collateral security granted hereunder or in connection herewith in any manner or order that Lender deems expedient without regard to any equitable principles of marshalling or otherwise.
General; Acceleration. (a) If an Event of Default shall --------------------- have occurred and be continuing and so long as the same shall be continuing unremedied, then and in every such case, the Security Agent may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Article V, and shall have and may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code, including, without limitation, the right to assign its right to purchase the Aircraft from the Manufacturer (subject to the Consent and Agreement).
General; Acceleration. (a) If an Event of Default shall have occurred and be continuing and so long as the same shall be continuing unremedied, then and in every such case, the Security Agent may exercise any or all of the rights and powers and pursue any and all of the remedies pursuant to this Article IX; shall have and may exercise all of the rights and remedies of a secured party under the Uniform Commercial Code; and may exercise remedies available under the Cape Town Convention.
