Common use of Other Rights of Collateral Agent Clause in Contracts

Other Rights of Collateral Agent. (a) The Collateral Agent may exercise its rights and remedies under a Financing Assignment with respect to the Concessionaire’s Interest. Upon any transfer of all the Concessionaire’s Interest pursuant to the exercise of remedies of the Collateral Agent under a Financing Assignment:

Other Rights of Collateral Agent. (a) The Collateral Agent may exercise its rights and remedies under a Financing Assignment with respect to the Concessionaire’s Interest. Upon any transfer of all the Concessionaire’s Interest pursuant to the The exercise of remedies of by the Collateral Agent of its rights with respect to any Project Agreement under a the Financing Assignment:, whether by judicial proceedings or by virtue of any power contained in the Financing Assignment or this Agreement, or by any transfer from the Concessionaire to the Collateral Agent in lieu of foreclosure, shall not require the consent of the Department or constitute a breach of any provision of or a default under this Agreement or any other Project Agreement.