REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 19 contracts
Samples: Credit Agreement (International Seaways, Inc.), Credit Agreement, Credit Agreement (Diamond S Shipping Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 10 contracts
Samples: First Lien Security Agreement (Walter Investment Management Corp), Pledge Agreement (CURO Group Holdings Corp.), Security Agreement (CURO Group Holdings Corp.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there (a) In case an Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 6 contracts
Samples: Pledge Agreement (Fairpoint Communications Inc), Pledge Agreement (Fairpoint Communications Inc), Pledge Agreement (Fairpoint Communications Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of DefaultDefault (as defined in the Credit Agreements), then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 4 contracts
Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.), Passu Pledge Agreement (Gener8 Maritime, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case a Noticed Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or by any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction jurisdiction, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 4 contracts
Samples: Third Amended and Restated Pledge Agreement (Reynolds American Inc), Pledge Agreement (Reynolds American Inc), Pledge Agreement (Reynolds American Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, subject to the Intercreditor Agreement, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Loan Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 3 contracts
Samples: Term Loan Pledge Agreement (Ciena Corp), Credit Agreement (Ciena Corp), Term Loan Pledge Agreement (Ciena Corp)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred Upon the occurrence and be continuing during the continuance of an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, the Credit Agreement, any other Secured Debt Agreement Loan Documents, and/or in equity or by law, and including, without limitation, all rights and remedies of a secured party of a debtor in default under the UCC) for the protection and enforcement of its rights in respect of the Collateral, and to the fullest extent permitted by applicable law, the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 3 contracts
Samples: Pledge Agreement (Easylink Services Corp), Pledge Agreement (Easylink Services Corp), Pledge Agreement (Easylink Services Corp)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, subject to any Applicable Intercreditor Agreement, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Loan Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 3 contracts
Samples: Pledge Agreement (Ciena Corp), Pledge Agreement (Ciena Corp), Abl Credit Agreement
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Credit Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Parent Pledge Agreement (Gener8 Maritime, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If Subject to the terms of the Secondary Intercreditor Agreement, if there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Credit Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Secondary Pledge Agreement (Gener8 Maritime, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which with each Pledgor hereby agrees to be agreeing that the rights set forth in clauses (i), (ii), (iii), (iv) and (vi) below are commercially reasonable:
Appears in 2 contracts
Samples: Credit Agreement (Bway Parent Company, Inc.), Pledge Agreement (Bway Corp)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case an Event of --------------------------------------- Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or by any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Subsidiary Pledge Agreement (Dominos Pizza Government Services Division Inc), Borrower Pledge Agreement (Dominos Pizza Government Services Division Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of DefaultDefault which is continuing, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Loan Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Pledge Agreement, Pledge Agreement
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there (a) In case an Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Pledge Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Pledge Agreement (North Atlantic Trading Co Inc), Pledge Agreement (North Atlantic Trading Co Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If Subject to the terms of the Secondary Intercreditor Agreement, if there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Secondary Pledge Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Credit Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 2 contracts
Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Pledge Agreement (Gener8 Maritime, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any Intercreditor Agreement, any other Secured Debt Agreement, Section 11 of the Loan Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case an Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case an Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case an Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation, all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction Code, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (Merisel Inc /De/)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, subject to the Intercreditor Agreement, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Credit Agreement (Ciena Corp)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. (a) If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. (a) If there shall have occurred and be continuing an a Noticed Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge and Security Agreement (General Maritime Corp/)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement Credit Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC or similar applicable laws as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred Upon the occurrence and be continuing during the continuance of an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, the Loan Agreement, any other Secured Debt Agreement Financing Agreements, and/or in equity or by law, and including, without limitation, all rights and remedies of a secured party of a debtor in default under the UCC) for the protection and enforcement of its rights in respect of the Collateral, and to the fullest extent permitted by applicable law, the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, by any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each the Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (Town Sports International Holdings Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rightsrights (to the extent permitted by the terms of the Agreement Among Lenders), which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (STG Group, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an a Noticed Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an any Event of Default, then and in every such caseDefault shall be continuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or by any other Secured Debt Agreement Loan Document or by law) for the protection and enforcement of its rights in respect of the Collateral, including, without limitation, its rights set forth in SECTION 3 hereof and the Pledgee shall be entitled to exercise all of the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction UCC, and also the Pledgee shall be entitled, without limitation, to exercise any or all of the following rights, which each the Pledgor hereby irrevocably agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (Chiquita Brands International Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. (a) If there shall have occurred and be continuing been an Event of DefaultAcceleration Event, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise (in its sole and absolute discretion) all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Credit Agreement (Welbilt, Inc.)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there In case a Noticed Event of Default shall have occurred and be continuing an Event of Default, then and in every such casecontinuing, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, Agreement or any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise including, without limitation all the rights and remedies of a secured party upon default under the Uniform Commercial Code as in effect in any relevant jurisdiction of the State of New York, and also the Pledgee shall be entitled, without limitation, limitation to exercise any or all of the following rights, rights which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (Safety Components International Inc)
REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing an Event of Default, then and in every such case, subject to the Intercreditor Agreement, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under NEWYORK 9251668 (2K) the Uniform Commercial Code UCC as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:
Appears in 1 contract
Samples: Pledge Agreement (Ciena Corp)