Common use of Non-Judicial Enforcement Clause in Contracts

Non-Judicial Enforcement. The Collateral Agent may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, the Pledgor expressly waives any and all legal rights which might otherwise require the Collateral Agent to enforce its rights by judicial process.

Appears in 7 contracts

Samples: Receivables Pledge Agreement (Transocean Ltd.), Indenture (Transocean Ltd.), Account Pledge Agreement (Transocean Ltd.)

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Non-Judicial Enforcement. The Collateral Agent may enforce its rights hereunder held on behalf of the Secured Parties without prior judicial process or judicial hearing, and to the extent permitted by law, the law Pledgor expressly waives any and all legal rights which might otherwise require the Collateral Agent to enforce its rights by judicial process.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

Non-Judicial Enforcement. The To the extent permitted by law, the Collateral Agent may enforce its rights hereunder without prior judicial process or judicial hearinghearing and, and to the extent permitted by law, the Pledgor expressly waives any and all legal rights which might otherwise require the Collateral Agent to enforce its rights by judicial process.

Appears in 1 contract

Samples: Pledge and Security Agreement (Black Elk Energy Finance Corp.)

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Non-Judicial Enforcement. The Collateral Agent may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, the law Pledgor expressly waives any and all legal rights which might otherwise require the Collateral Agent to enforce its rights by judicial process.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

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