Common use of Remedies; No Remedy Exclusive Clause in Contracts

Remedies; No Remedy Exclusive. (a) Upon the occurrence of an Event of Default hereunder, the Insurer may take whatever action at law or in equity as may appear necessary or desirable in its judgment to collect the amounts, if any, then due under this Insurance Agreement, the Purchase Agreement, the Agreement, the Indenture or any other Basic Document or to enforce performance and observance of any obligation, agreement or covenant of the Company Parties under this Insurance Agreement, the Purchase Agreement, the Agreement, the Indenture or any other Basic Document, either in its own capacity or in its capacity as Controlling Party.

Remedies; No Remedy Exclusive. (a) Upon the occurrence of an Event of Default hereunder, the Insurer may take whatever action at law or in equity as may appear necessary or desirable in its judgment to collect the amounts, if any, then due under this UPFC Auto Receivables Trust 2006-B Insurance Agreement, the Purchase Agreement, the Agreement, the Indenture Agreement Signature Page (1 of 2) Insurance Agreement or any other Basic Transaction Document or to enforce performance and observance of any obligation, agreement or covenant of the Company Transaction Parties under this Insurance Agreement, the Purchase Agreement, the Agreement, the Indenture Agreement or any other Basic Transaction Document, either in its own capacity or in its capacity as Controlling Party.