Obtaining the Collateral Upon Default Sample Clauses

Obtaining the Collateral Upon Default. Debtor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements, including applicable notice periods, of applicable law, Secured Party, in addition to any rights now or hereafter existing under Applicable law, shall have all rights as a secured creditor under the PPSA to the extent that such are applicable and, in its sole discretion, may then elect to exercise the following rights, remedies and powers: (i) exercise all the rights and remedies upon default, in foreclosure and otherwise, available to mortgages or secured parties under the provisions of applicable law; (ii) institute legal proceedings to foreclose upon and against the lien and security interest granted by this Agreement, to recover judgment for all Obligations then due and owing and secured hereby, and to collect same out of any of or all of the Collateral or the proceeds of any sale thereof; (iii) without regard to the adequacy of the security for the Obligations by virtue of this Agreement or any other Collateral or to the solvency of Debtor, institute legal proceedings for the appointment of a receiver or receivers with respect to any or all of the Collateral pending foreclosure hereunder or for the sale of any or all of the Collateral under the order of a court of competent jurisdiction or under other legal process; (iv) personally, or by agents or attorneys, immediately take possession of the Collateral or any part thereof, from Debtor or any other person who then has possession of any part thereof with or without notice or process of law, and for that purpose may peaceably enter upon Debtors or Guarantor's premises where all or any part of the Collateral is located and remove same and use in connection with such removal all services, supplies, aids and other facilities of Debtor or that Secured Party, in its opinion, considers necessary; (v) instruct the obligor or obligors on any agreement, instrument or other obligation relating to the Collateral to make any payment required by the terms of such instrument or agreement directly to Secured Party; (vi) sell, assign or otherwise liquidate, or direct Debtor to sell, assign or otherwise liquidate, the Collateral or any part thereof, and take possession of the proceeds of any such sale or liquidation;