Grantee's Power of Enforcement Sample Clauses

Grantee's Power of Enforcement. If a Trigger Event shall have occurred and be continuing and Grantee shall have received the written request from the Required Senior Parties required pursuant to SECTION 5.2(B) of the Collateral Agency Agreement, Grantee may and in accordance with the procedures prescribed, and to the extent permitted, by applicable law, either with or without entry or taking possession as hereinabove provided or otherwise, and without regard to whether or not the Secured Obligations shall be due and without prejudice to any other right of Grantee, proceed by any appropriate action or proceeding: (i) to institute proceedings for the complete or partial foreclosure of this Security Deed and to sell, at one or more sales as an entirety or in separate lots or parcels, the Mortgaged Property, as hereinafter provided or pursuant to law, (ii) to sell for cash or upon credit the Mortgaged Property or any part thereof and all estate, claim, demand, right, title and interest of Grantor therein and rights of redemption thereof, at one (1) or more sales, in its entirety or in portions, at such time and place, upon such terms and after such notice thereof as may be required or permitted by law or in the absence of any such requirements, as Grantee (acting in accordance with an opinion of counsel upon which Grantee may conclusively rely) may deem appropriate, and in the foreclosure sale, of less than all of the Mortgaged Property, this Security Deed shall continue as a lien on the remaining portion of the Mortgaged Property, (iii) to split this Security Deed into two (2) or more deeds to secure debt and to institute proceedings for the complete or partial foreclosure of any one or more of such deeds to secure debt, with such unforeclosed deeds to secure debt remaining a lien on the Mortgaged Property and to sell, at one or more sales as an entirety or in separate lots or parcels, the Mortgaged Property, as hereinafter provided or pursuant to law, subject to such deeds to secure debt which were not foreclosed, (iv) to cumulatively pursue any other remedy now or hereafter available to it in equity, at law, by virtue of statute or otherwise, (v) to exercise in respect of any part or parts of the Additional Collateral, all of the rights and remedies available to a secured party upon default under the applicable provisions of the Uniform Commercial Code in effect in the State, and (vi) to enforce any and all remedies of the Grantor under the Project Contracts.