Common use of Powers on default Clause in Contracts

Powers on default. In addition to and without derogation of any of the other rights, powers and remedies as provided herein whether before or after the occurrence of an Event of Default, the Bank may at any time after an Event of Default or in making demand be entitled either in its own name or as agent for the Assignor to do and/or exercise all or any of the rights, powers and remedies following:

Powers on default. In addition to and without derogation of any of the other rights, powers and remedies as provided herein whether before or after the occurrence of an Event of Default, the Bank may at any time after an Event of Default or in making demand be entitled entitled, either in its own name or as agent for the Assignor Assignor, to do and/or exercise all or any of the following rights, powers and remedies following:remedies:-