Realization on Collateral Sample Clauses
Realization on Collateral. Each Tranche B Term Lender agrees that it will not seek consultation rights in connection with, and it will not object to or oppose, a motion to sell, liquidate or otherwise dispose of Collateral under Section 363 of the Bankruptcy Code if the Required Lenders have consented to such sale, liquidation or other disposition, including, without limitation, in connection with any credit bid consented to by the Required Lenders. Each Tranche B Term Lender further agrees that it will not directly or indirectly oppose or impede entry of any order in connection with such sale, liquidation or other disposition, including orders to retain professionals or set bid procedures in connection with such sale, liquidation or disposition if the Required Lenders have consented to (A) such retention of professionals and bid procedures in connection with such sale, liquidation or disposition of such assets and (B) the sale, liquidation or disposition of such assets, in which event, the Tranche B Term Lenders will be deemed to have consented to the sale or disposition of Collateral pursuant to Section 363(f) of the Bankruptcy Code.
Realization on Collateral. Upon the happening of one or more Events of Default, Lender shall have the right to collect all further payments made on the Collateral Note and revenue from the End Loan Proceeds, and if any such payments are received by the Borrower, the Borrower shall not commingle the amounts received with other funds of the Borrower and shall promptly pay them over to Lender. In addition, Lender shall have the right to dispose of the Collateral as provided herein or as provided in the other documents executed in connection herewith or as provided by law.
Realization on Collateral. Upon the happening of one or more Events of Default, Republic shall have the right to collect all further payments made on the Collateral, and if any such payments are received by the Company, the Company shall not commingle the amounts received with other funds of the Company and shall promptly pay them over to Republic. in addition, Republic shall have the right to dispose-of the Collateral as provided herein or as provided in the other documents executed in connection herewith or as provided by law.
Realization on Collateral. Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, no Person other than the Agent shall exercise any right or remedy against, or liquidate, foreclose or otherwise realize upon, any of the Collateral except for the exercise by any Lender of rights of set-off (it being understood that the exercise of any such rights shall be subject to the provisions of Section 7.05).
Realization on Collateral. In the event of acceleration of the Construction Loan and theBond Indebtedness, Lender and Trustee shall, to the extent possible under their respective Loan Documents, act in concert to foreclose and realize upon the Joint Collateral. The parties agree to work together in good faith in attempting to make joint decisions regarding such matters as collection attempts, foreclosure, selection of joint counsel (if the parties determine that joint counsel is appropriate) and maintenance and disposition of the Joint Collateral. In the event the parties are unable to agree, however, Lender shall have the right, in its discretion, (i) to direct the time, method and place of conducting all Initials /S/RW /S/JKJ /S/RWB ------------ Agreement Between Lienholders Page 3 proceedings taken in connection with the enforcement of the terms and conditions of the Joint Collateral Documents; (ii) to determine whether a receiver for the Joint Collateral or any part thereof should be appointed and the identity of any receiver; and (iii) to otherwise make decisions and take action with regard to the maintenance, protection, or disposition of the Joint Collateral; provided that such directions and actions shall be permitted under applicable law and shall be for the ratable benefit of both Lender and Trustee. Without limiting the generality of the foregoing, Lender may, in its discretion, sell or otherwise dispose of the Joint Collateral in its condition at the time of default, or may make such renovations as Lender deems appropriate to prepare the Joint Collateral for sale or disposition. In the event default occurs before completion of construction or equipping of the Project, Lender may, but shall not be required, to complete and equip the Project. In connection with the repair or completion of the Project, Lender may, in its sole discretion advance such funds as may be reasonably necessary to accomplish such repair or completion, and any funds so advanced shall be reimbursed as provided in Section 5 below. Exercise of the foregoing powers by Lender shall bind the interest of both Lender and Trustee in the Joint Collateral, and Trustee shall from time to time execute and deliver such instructions, conveyances and other documents as Lender may request to further evidence the authority granted to Lender in this Section 4 or to effectuate Lender's exercise of the powers granted in this Section 4, Either party may be a purchaser at any public sale or other disposition of the Joint C...
Realization on Collateral. Upon the happening of one or more Events of Default, HSBC shall have the right to collect all further payments made on the Collateral, and if any such payments are received by the Company, the Company shall not commingle the amount received with other funds of the Company and shall promptly pay them over to HSBC. In addition, HSBC shall have the right to dispose of the Collateral as provided herein or as provided in the other documents executed in connection herewith or as provided by law.