Other Rights of the Lender. (a) The Lender (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Pledge Agreement and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Pledged Collateral and to sell all or, from time to time, any of the Pledged Collateral under the judgment or decree of a court of competent jurisdiction.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Hooker Furniture Corp), Credit Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust)
Other Rights of the Lender. (a) The Lender (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Pledge Agreement and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Pledged Collateral and to sell all orall, or from time to time, any of the Pledged Collateral under the such judgment or decree of a court of competent jurisdiction.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Smithfield Foods Inc), Stock Pledge Agreement (Smithfield Foods Inc)
Other Rights of the Lender. (a) The Lender (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Pledge Agreement and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Pledged Collateral and to sell all orall, or from time to time, any of the Pledged Collateral under the judgment or decree of a court of competent jurisdiction.
Appears in 1 contract