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

Remedies; Obtaining the Collateral Upon Default. Upon the occurrence of any Reimbursement Event of Default or Lease Event of Default and the continuance thereof, the Security Agent 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 to enforce this Security Agreement and the security interests contained herein, and, in addition, subject to any mandatory requirements of Law then in effect, the Security Agent may, in addition to its other rights and remedies hereunder, including without limitation under Sections 7.2 and 7.6, and also its (and GE Capital's and the Owner Trustee's) rights under the other Financing Documents, do any of the following:

Appears in 2 contracts

Samples: Security Agreement (Panda Interfunding Corp), Steam Lessee Security Agreement (Panda Interfunding Corp)

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Remedies; Obtaining the Collateral Upon Default. Upon the occurrence of any Reimbursement Event of Default or Lease Event of Default and the continuance thereof, the Security Agent 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 to enforce this Security Agreement and the security interests contained herein, and, in addition, subject to any mandatory requirements of Law then in effect, the Security Agent may, in addition to its other rights and remedies hereunder, including without limitation under Sections 7.2 7 .2 and 7.67. 6, and also its (and GE Capital's and the Owner Trustee's' s) rights under the other Financing Loan Documents and the Lease Documents, do any of the following:

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding Corp)

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Remedies; Obtaining the Collateral Upon Default. Upon the occurrence of any Reimbursement Event of Default or Lease Event of Default and the continuance thereof, the Security Agent 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 to enforce this Security Agreement and the security interests contained herein, and, in addition, subject to any mandatory requirements of Law then in effect, the Security Agent may, in addition to its other rights and remedies hereunder, including without limitation under Sections 7.2 and 7.6, and also its (and GE Capital's and the Owner Trustee's) rights under the other Financing Loan Documents and the Lease Documents, do any of the following:

Appears in 1 contract

Samples: Steam Lessee Security Agreement (Panda Interfunding Corp)

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