Remedies; Obtaining the Collateral Upon Default. Each Pledgor agrees that, if any Event of Default shall have occurred and be continuing and the Collateral Agent shall have delivered to the Borrower notice 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, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all applicable jurisdictions and may also (subject to laws and regulations governing the national security of the United States):
Appears in 2 contracts
Samples: Security Agreement (Coinmach Corp), Security Agreement (Appliance Warehouse of America Inc)
Remedies; Obtaining the Collateral Upon Default. Each The ----------------------------------------------- Pledgor agrees that, if any Event of Default shall have occurred and be continuing and the Collateral Agent shall have delivered to the Borrower Pledgor notice in accordance with Section 10 of the Credit Agreement to the extent such notice is required pursuant to Section 10 Article X of the Credit Agreement, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all applicable jurisdictions and may also (subject to laws and regulations governing the national security of the United States):
Appears in 2 contracts
Samples: Security Agreement (Coinmach Laundry Corp), Security Agreement (Coinmach Corp)
