Common use of No Interference, Compensation or Expense Clause in Contracts

No Interference, Compensation or Expense. The Secured Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any kind to the Pledgor and (c) for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 3 contracts

Samples: Security Agreement (Shelbourne Properties Ii Inc), Security Agreement (Shelbourne Properties Iii Inc), Security Agreement (Shelbourne Properties I Inc)

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No Interference, Compensation or Expense. The Secured Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the any Pledgor, (b) without payment of any kind to the any Pledgor and (c) for the account, and at the expense, of the any Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 2 contracts

Samples: Pledge Agreement (Cablevision Systems Corp /Ny), Pledge Agreement (Cablevision Systems Corp /Ny)

No Interference, Compensation or Expense. The Secured Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any kind to the Pledgor and (c) for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 2 contracts

Samples: Credit Agreement (Aes Eastern Energy Lp), Membership Interest Pledge Agreement (Aes Eastern Energy Lp)

No Interference, Compensation or Expense. The Secured Party ---------------------------------------- may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any rent, license fee or compensation of any kind to the Pledgor and (c) during an Event of Default, for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 1 contract

Samples: Memorandum of Security Agreement (Premiere Technologies Inc)

No Interference, Compensation or Expense. The Secured Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any rent, license fee or compensation of any kind to the Pledgor and (c) during an Event of Default, for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 1 contract

Samples: Memorandum of Security Agreement (Premiere Technologies Inc)

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No Interference, Compensation or Expense. The Secured Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any rent, license fee or compensation of any kind to the Pledgor and (c) for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 1 contract

Samples: Security Agreement (Aes Eastern Energy Lp)

No Interference, Compensation or Expense. The Secured ---------------------------------------- Party may exercise its rights and remedies under the Collateral Documents (a) without resistance or interference by the Pledgor, (b) without payment of any rent, license fee or compensation of any kind to the Pledgor and (c) for the account, and at the expense, of the Pledgor, provided that Pledgor shall not be responsible for any such expense if the Secured Party was not entitled to exercise such rights and remedies under the Collateral Documents or applicable law.

Appears in 1 contract

Samples: Security Agreement (Tsi International Software LTD)

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