Common use of Institute Proceedings Clause in Contracts

Institute Proceedings. Upon the occurrence and during the continuation of an Event of Default, to file any claims, proofs of claim, subrogation receipts or take any action or commence or institute any proceedings which the Agent may deem necessary or desirable for the collection of all or any part of the Pledged Collateral or otherwise to enforce the rights of the Collateral Agent with respect to all or any part of the Pledged Collateral.

Institute Proceedings. Upon the occurrence and during the continuation of an Event of Default, to file any claims, proofs of claim, subrogation receipts or take any action or commence or institute any proceedings which the Agent may deem necessary or desirable for the collection of all or any part of the Pledged Collateral or otherwise to enforce the rights of the Collateral Agent with respect to all or any part of the Pledged Collateral.

Institute Proceedings. Upon the occurrence and during the continuation of an Event of Default, to file any claims, proofs of claim, subrogation receipts or take any action or commence or institute any proceedings which the Agent may deem necessary or desirable for the collection of all or any part of the Pledged Guarantee Collateral or otherwise to enforce the rights of the Collateral Agent with respect to all or any part of the Pledged Guarantee Collateral.

Institute Proceedings. Upon the occurrence and during the continuation of an Event of Default, to file any claims, proofs of claim, subrogation receipts or take any action or commence or institute any proceedings which the Agent may deem necessary or desirable for the collection of all or any part of the Pledged Collateral or otherwise to enforce the rights of the Collateral Agent with respect to all or any part of the Pledged Collateral.

Institute Proceedings. Upon the occurrence and during the continuation of an Event of Default, to file any claims, proofs of claim, subrogation receipts or take any action or commence or institute any proceedings which the Agent may deem necessary or desirable for the collection of all or any part of the Pledged Collateral or otherwise to enforce the rights of the Collateral Agent and the Agent with respect to all or any part of the Pledged Collateral.