Common use of Individual Rights of Collateral Agent Clause in Contracts

Individual Rights of Collateral Agent. The Collateral Agent in its individual or any other capacity may become the owner or pledgee of Secured Obligations and may otherwise deal with any Grantor or any Affiliate of any Grantor with the same rights it would have if it were not Collateral Agent.

Appears in 6 contracts

Samples: Security Agreement (Tops Holding Ii Corp), Security Agreement (Fresh International Corp), Security Agreement (Tops Markets Ii Corp)

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Individual Rights of Collateral Agent. The Notwithstanding anything to the contrary, the Collateral Agent in its individual or any other capacity may become the owner or pledgee of Secured Obligations and may otherwise deal with any Grantor or any Affiliate of any Grantor with the same rights it would have if it were not the Collateral Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Savient Pharmaceuticals Inc), Pledge and Security Agreement (Kv Pharmaceutical Co /De/)

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