Common use of Other Rights After an Event of Default Clause in Contracts

Other Rights After an Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, at its election, may with respect to all Disposition Proceeds Collateral exercise any and all rights available to a secured party under the Uniform Commercial Code as enacted in the State of New York or other applicable jurisdiction, as amended, in addition to any and all other rights afforded hereunder, or under any other Loan Document, at law, in equity or otherwise.

Appears in 5 contracts

Samples: Escrow and Security Agreement (Asbury Automotive Group Inc), Escrow and Security Agreement (Asbury Automotive Group Inc), Escrow and Security Agreement (Asbury Automotive Group Inc)

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Other Rights After an Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, at its election, may with respect to all Disposition Proceeds Collateral exercise any and all rights available to a secured party under the Uniform Commercial Code as enacted in the State of New York North Carolina or other applicable jurisdiction, as amended, in addition to any and all other rights afforded hereunder, or under any the Revolving Credit Agreement, the Notes, under the other Loan DocumentDocuments, at law, in equity or otherwise.

Appears in 4 contracts

Samples: Escrow and Security Agreement (Sonic Automotive Inc), Escrow and Security Agreement (Sonic Automotive Inc), Escrow and Security Agreement (Sonic Automotive Inc)

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Other Rights After an Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, at its election, may with respect to all Disposition Proceeds Collateral exercise any and all rights available to a secured party under the Uniform Commercial Code as enacted in the State of New York North Carolina or other applicable jurisdiction, as amended, in addition to any and all other rights afforded hereunder, or under any the Credit Agreement, the Notes, under the other Loan DocumentDocuments, at law, in equity or otherwise.

Appears in 2 contracts

Samples: Escrow and Security Agreement (Sonic Automotive Inc), Escrow and Security Agreement (Sonic Automotive Inc)

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