Common use of Related Rights Clause in Contracts

Related Rights. In its discretion, the Bank or any other Secured Party may at any time or times take or retain possession of any or all instruments or certificates representing or evidencing any Collateral. Upon any default by you or any of you in the payment of any Indebtedness, the Bank or any other Secured Party may in its discretion block, “freeze,” withhold, and retain any or all accounts, deposits, funds, and other assets constituting Collateral, and thereafter, for so long as the pledge hereunder remains in effect, any Collateral capable of being renewed or re - deposited shall, unless such Secured Party otherwise elects, automatically be renewed and re-deposited continually. While the pledge hereunder remains in effect, any renewal, new, substituted, or additional assets (and any instruments, receipts, and other documents evidencing such assets) which are issued or otherwise arise in respect of any Collateral shall constitute additional Collateral and be subject to the terms of this pledge. The Bank is hereby authorized to notify any other Secured Party of the pledge hereunder, and to direct that such pledge be recorded on the books of other such Secured Party, and that such other Secured Party, in writing, accept and agree to the terms of this pledge. You hereby authorize each Secured Party to file any financing statements, continuation statements, or other documents or instruments which, in the such Secured Party’s judgment, evidence, perfect, or protect such Secured Party’s security interest hereunder; such Secured Party is hereby authorized to file any such documents without your signature(s) in any public offices in any jurisdictions, and to debit any account of yours for all costs of such filings. Each Secured Party is also authorized to debit any account of yours and to increase the Indebtedness secured hereby in the amount of all costs (including any attorneys’ fees, whether incurred at trial, on appeal, or without litigation) of any sale, setoff, or other disposition of or realization on any Collateral hereunder. No Secured Party shall be liable for the dishonor of any item due to insufficient funds in any account of yours resulting from any application, setoff, or blocking of funds pursuant to this pledge.

Related Rights. In its discretion, the Bank or any other Secured Party may at any time or times take or retain possession of any or all instruments or certificates representing or evidencing any Collateral. Upon any default by you or any of you in the payment of any Indebtedness, the Bank or any other Secured Party may in its discretion block, “freeze,” withhold, and retain any or all accounts, deposits, funds, and other assets constituting Collateral, and thereafter, for so long as the pledge hereunder remains in effect, any Collateral capable of being renewed or re - re-deposited shall, unless such Secured Party otherwise elects, automatically be renewed and re-deposited continually. While the pledge hereunder remains in effect, any renewal, new, substituted, or additional assets (and any instruments, receipts, and other documents evidencing such assets) which are issued or otherwise arise in respect of any Collateral shall constitute additional Collateral and be subject to the terms of this pledge. The Bank is hereby authorized to notify any other Secured Party of the pledge hereunder, and to direct that such pledge be recorded on the books of other such Secured Party, and that such other Secured Party, in writing, accept and agree to the terms of this pledge. You hereby authorize each Secured Party to file any financing statements, continuation statements, or other documents or instruments which, in the such Secured Party’s judgment, evidence, perfect, or protect such Secured Party’s security interest hereunder; such Secured Party is hereby authorized to file any such documents without your signature(s) in any public offices in any jurisdictions, and to debit any account account(s) of yours for all costs of such filings. Each Secured Party is also authorized to debit any account account(s) of yours and to increase the Indebtedness secured hereby in the amount of all costs (including any attorneys’ fees, whether incurred at trial, on appeal, or without litigation) of any sale, setoff, or other disposition of or realization on any Collateral hereunder. No Secured Party shall be liable for the dishonor of any item item(s) due to insufficient funds in any account account(s) of yours resulting from any application, setoff, or blocking of funds pursuant to this pledge.

Related Rights. In its discretion, the Bank or any other Secured Party may at any time or times take or retain possession of any or all instruments or certificates representing or evidencing any Collateral. Upon any default by you or any of you in the payment of any Indebtedness, the Bank or any other Secured Party may in its discretion block, “freeze,” withhold, and retain any or all accounts, deposits, funds, and other assets constituting Collateral, and thereafter, for so long as the pledge hereunder remains in effect, any Collateral capable of being renewed or re - re- deposited shall, unless such Secured Party otherwise elects, automatically be renewed and re-deposited continually. While the pledge hereunder remains in effect, any renewal, new, substituted, or additional assets (and any instruments, receipts, and other documents evidencing such assets) which are issued or otherwise arise in respect of any Collateral shall constitute additional Collateral and be subject to the terms of this pledge. The Bank is hereby authorized to notify any other Secured Party of the pledge hereunder, and to direct that such pledge be recorded on the books of other such Secured Party, and that such other Secured Party, in writing, accept and agree to the terms of this pledge. You hereby authorize each Secured Party to file any financing statements, continuation statements, or other documents or instruments which, in the such Secured Party’s judgment, evidence, perfect, or protect such Secured Party’s security interest hereunder; such Secured Party is hereby authorized to file any such documents without your signature(s) in any public offices in any jurisdictions, and to debit any account account(s) of yours for all costs of such filings. Each Secured Party is also authorized to debit any account account(s) of yours and to increase the Indebtedness secured hereby in the amount of all costs (including any attorneys’ fees, whether incurred at trial, on appeal, or without litigation) of any sale, setoff, or other disposition of or realization on any Collateral hereunder. No Secured Party shall be liable for the dishonor of any item item(s) due to insufficient funds in any account account(s) of yours resulting from any application, setoff, or blocking of funds pursuant to this pledge.