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

REMEDIES IN CASE OF EVENTS OF DEFAULT. If there shall have occurred and be continuing an Event of Default and the Collateral Agent has given written notice to the Borrower in accordance with Section 10 of the Credit Agreement to the extent such notice is required pursuant to Section 10 of the Credit Agreement, then and in every such case, the Collateral Agent shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Credit Document, any Interest Rate Protection Agreement or Other Hedging Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Collateral Agent shall be entitled to exercise all the rights and remedies of a secured party under the UCC and also shall be entitled, without limitation, to exercise the following rights, which the Collateral Agent agrees to exercise in a commercially reasonable manner:

Appears in 4 contracts

Samples: Holdings Pledge Agreement (Appliance Warehouse of America Inc), Credit Party Pledge Agreement (Coinmach Corp), Credit Party Pledge Agreement (Appliance Warehouse of America Inc)

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REMEDIES IN CASE OF EVENTS OF DEFAULT. If there shall have occurred and be continuing an Event of Default and the Collateral Agent has given written notice thereof to the Borrower Company in accordance with Section 10 Article Six of the Credit Agreement Indenture to the extent such notice is required pursuant to Section 10 Article Six of the Credit AgreementIndenture, then and in every such case, the Collateral Agent shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Credit Documentthe Senior Secured Notes or the Indenture, any Interest Rate Protection Agreement or Other Hedging Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Collateral Agent shall be entitled to exercise all the rights and remedies of a secured party under the UCC and also shall be entitled, without limitation, to exercise the following rights, which the Collateral Agent agrees to exercise in a commercially reasonable manner:

Appears in 1 contract

Samples: Pledge Agreement (Appliance Warehouse of America Inc)

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