Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized to do any one or more of the following, irrespective of whether an Event of Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable laws, to cure any Events of Default and to protect its security in the Mortgaged Property.
Appears in 12 contracts
Samples: Security Agreement (Avalon Holdings Corp), Security Agreement (Avalon Holdings Corp), Security Agreement (Avalon Holdings Corp)
Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized to do any one or more of the following, irrespective of whether an Event of Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable laws, to cure any Events of Default and to protect its security in the Mortgaged Property.
Appears in 7 contracts
Samples: Security Agreement (Avalon Holdings Corp), Security Agreement (Avalon Holdings Corp), Security Agreement (Avalon Holdings Corp)
Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized to do any one or more of the following, irrespective of whether an Event of a Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; and (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable lawsinsurance or other legal requirements, to cure any Events of Default and to protect its security in the Mortgaged Property.
Appears in 3 contracts
Samples: Securities Purchase Agreement, Intercreditor Agreement, Put Option Agreement
Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized to do any one or more of the following, irrespective of whether an Event of Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable lawsImpositions or Legal Requirements, to cure any Events of Default and to protect its security in the Mortgaged Property.
Appears in 2 contracts
Samples: Credit Loan Agreement (Seven Fields Development Co), Credit Loan Agreement (Seven Fields Development Co)
Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized to do any one or more of the following, irrespective of whether an Event of Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; and (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable lawsinsurance or other legal requirements, to cure any Events Event of Default and to protect its security in the Mortgaged Property.
Appears in 2 contracts
Samples: Security Agreement (Armstrong Resource Partners, L.P.), Security Agreement (Armstrong Energy, Inc.)
Mortgagee's Right to Protect Security. If Mortgagor shall fail to do so, Mortgagee is hereby authorized authorized, but shall not be so obligated, to do any one or more of the following, irrespective of whether an Event of Default has occurred: (a) appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Mortgagee hereunder; and (b) take such action as Mortgagee may determine to pay, perform or comply with any applicable lawsinsurance or other legal requirements, to cure any Events Event of Default and to protect its security in the Mortgaged Property.
Appears in 1 contract
Samples: Intercreditor Agreement (Armstrong Coal Company, Inc.)
