Common use of Protective action Clause in Contracts

Protective action. The Collateral Agent shall, without prejudice to its other rights, powers and remedies hereunder, be entitled (but not bound) at any time, and as often as may be necessary, to take any such action as it may in its discretion think fit for the purpose of protecting or maintaining the security created by this Assignment and all Expenses attributable thereto shall be payable by the Owner on demand.

Protective action. The Collateral Agent shall, without prejudice to its other rights, powers and remedies hereunderunder any of the Security Documents, be entitled (but not bound) at any time, and as often as may be necessary, to take any such action as it may in its discretion think fit for the purpose of protecting or maintaining the security created by this Assignment Deed and the other Security Documents, and all Expenses attributable thereto shall be payable by the Owner on demand.