Common use of REMEDIES IN CASE OF EVENT OF DEFAULT Clause in Contracts

REMEDIES IN CASE OF EVENT OF DEFAULT. In case an Event of Default shall have occurred and be continuing, the Pledgee shall be entitled to exercise all of its rights, powers and remedies (whether vested in it by this Agreement, by any other Loan Document, or by any Note Document (with all of the Documents listed above being herein collectively called the "SECURED DEBT AGREEMENTS") 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 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: Credit Agreement (Foster Wheeler Corp), Pledge Agreement (Foster Wheeler Corp), Credit Agreement (Foster Wheeler Corp)

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REMEDIES IN CASE OF EVENT OF DEFAULT. In case an Event of Default shall have occurred and be continuing, the Pledgee shall be entitled to exercise all of its rights, powers and remedies (whether vested in it by this Agreement, by any other Loan Document, or by any Note Document (with all of the Documents listed above being herein collectively called the "SECURED DEBT AGREEMENTSSecured Debt Agreements") 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 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 (Foster Wheeler Corp)

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