Common use of Remedies; Obtaining the Collateral Upon Default Clause in Contracts

Remedies; Obtaining the Collateral Upon Default. Upon the occurrence and during the continuance of an Event of Default and with not fewer than 5 days’ prior written notice by the Administrative Agent (or such longer time as may be required pursuant to the terms of the Final Order), to the extent any such action is not inconsistent with the Final Order or Section 8, the Administrative Agent, in addition to any rights now or hereafter existing under applicable law, and without application to or order of the Bankruptcy Court, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Lear Corp), Credit and Guarantee Agreement (Lear Corp)

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Remedies; Obtaining the Collateral Upon Default. Upon the occurrence and during the continuance of an Event of Default and with not fewer than 5 days’ seven Business Days prior written notice by the Administrative Agent (or such longer time as may be required pursuant to the terms of the Final OrderOrders), to the extent any such action is not inconsistent with the Interim Order (or the Final Order Order, as applicable) or Section 8Article VIII, the Administrative Agent, in addition to any rights now or hereafter existing under applicable law, and without application to or order of the Bankruptcy Court, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Credit and Guarantee Agreement

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Remedies; Obtaining the Collateral Upon Default. Upon the occurrence and during the continuance of an Event of Default and with not fewer than 5 days’ days prior written notice by the Administrative Agent (or such longer time as may be required pursuant to the terms of the Final OrderOrders), to the extent any such action is not inconsistent with the Interim Order (or the Final Order Order, as applicable) or Section 8Article VIII, the Administrative Agent, in addition to any rights now or hereafter existing under applicable law, and without application to or order of the Bankruptcy Court, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Credit and Guarantee Agreement

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