Common use of Other Rights of the Administrative Agent Clause in Contracts

Other Rights of the Administrative Agent. (a) The Administrative Agent will have, with respect to the Pledged Collateral, in addition to the rights and remedies set forth in this Agreement: (i) all of the rights and remedies available to a secured party under applicable law, as if such rights and remedies were fully set forth in this Agreement, and (ii) all of the rights, protections and indemnities set forth in the Credit Agreement, which provisions are incorporated by reference and made a part of this Agreement. (b) The Administrative Agent may at any time and from time to time release or relinquish any right, remedy or Lien it has with respect to a particular item of Pledged Collateral without thereby releasing, relinquishing or in any way affecting its rights, remedies or Lien with respect to any other item of Pledged Collateral.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Veris Residential, L.P.), Pledge and Security Agreement (Mack Cali Realty L P), Pledge and Security Agreement (Mack Cali Realty L P)

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Other Rights of the Administrative Agent. (a) The Administrative Agent will have, with respect to the Pledged Collateral, in addition to the rights and remedies set forth in this Agreement: (i) all of the rights and remedies available to a secured party under applicable law, as if such rights and remedies were fully set forth in this Agreement, and (ii) all of the rights, protections and indemnities set forth in the Credit Agreement, which provisions are incorporated by reference and made a part of this Agreement. (b) The Administrative Agent may at any time and from time to time release or relinquish any right, remedy or Lien it has with respect to a particular item of Pledged DB3/ 204702720.5 Collateral without thereby releasing, relinquishing or in any way affecting its rights, remedies or Lien with respect to any other item of Pledged Collateral.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Veris Residential, L.P.), Pledge and Security Agreement (Veris Residential, L.P.)

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