Common use of Remedies Upon Event of Default or Specified Event of Default Clause in Contracts

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA or under the laws of the jurisdiction of enforcement, with respect to Illiquid Collateral or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor as required by Section 15.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or and Liquid Collateral, as applicablerespectively. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA Uniform Commercial Code (whether or not in effect in the jurisdiction where such rights are exercised, but subject to mandatory provisions of applicable law in such jurisdiction) and under the laws of the jurisdiction of enforcement, enforcement with respect to any Illiquid Collateral or and Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, may withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 12 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor as required by Section 1514.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or and Liquid Collateral, as applicablerespectively. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA Uniform Commercial Code (whether or not in effect in the jurisdiction where such rights are exercised, but subject to mandatory provisions of applicable law in such jurisdiction) and under the laws of the jurisdiction of enforcement, enforcement with respect to any Illiquid Collateral or and Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, the Collateral Agent may withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 12 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition (which shall be conducted in accordance with mandatory provisions of applicable Portuguese law) shall be given to the relevant Lien Grantor as required by Section 1514 (unless the Lien Grantor shall already have received notice of a foreclosure or sale conducted in accordance with the applicable laws of Portugal).

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or and Liquid Collateral, as applicablerespectively. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA UCC (whether or not in effect in the jurisdiction where such rights are exercised but subject to mandatory provisions of applicable law in such jurisdiction) or under the laws of the jurisdiction of enforcement, enforcement with respect to any Illiquid Collateral or and Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 12 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor as required by Section 1514.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA or under Republic of Argentina (including the laws of the jurisdiction of enforcementMercado de Valores de Buenos Aires S.A.), with respect to Illiquid Collateral Coxxxxxxxl or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 11 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor as required by Section 1513.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Security Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA or under the laws of the jurisdiction of enforcement, with respect to Illiquid Collateral or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 14 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, lease, license or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor Grantor(s) as required by Section 1516.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA or under Republic of Argentina (including the laws of the jurisdiction of enforcementMercado de Valores de Buenos Aires S.A.), with respect to Illiquid Collateral Cxxxxxxxal or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 11 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor as required by Section 1513.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Security Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA UCC (whether or under the laws of not in effect in the jurisdiction of enforcement, where such rights are exercised) with respect to Illiquid Collateral or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 15 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, lease, license or otherwise dispose of (x) if an a Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor Grantor(s) as required by Section 1517.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be is continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be is continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Security Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be is continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be is continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA or under the laws of the jurisdiction of enforcement, with respect to Illiquid Collateral or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be is continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 14 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, lease, license or otherwise dispose of (x) if an Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be is continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor Grantor(s) as required by Section 1516.

Remedies Upon Event of Default or Specified Event of Default. (a) If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, is continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be is continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Security Documents with respect to Illiquid Collateral or Liquid Collateral, as applicable. Without limiting the generality of the foregoing, if (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, is continuing or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be is continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the PPSA UCC (whether or under the laws of not in effect in the jurisdiction of enforcement, where such rights are exercised) with respect to Illiquid Collateral or Liquid Collateral, as applicable, and, in addition, the Collateral Agent may, to the maximum extent permitted by applicable law, if a Specified Event of Default shall have occurred and be is continuing, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, withdraw all cash held in the Cash Collateral Accounts and apply such cash as provided in Section 13 14 and, if there shall be no such cash or if such cash shall be insufficient to pay all the Secured Obligations in full, take possession of, sell, lease, license or otherwise dispose of (x) if an a Event of Default has occurred and is continuing, the Illiquid Collateral or any part thereof and (y) if a Specified Event of Default shall have occurred and be is continuing, the Liquid Collateral or any part thereof. Notice of any such sale or other disposition shall be given to the relevant Lien Grantor Grantor(s) as required by Section 1516.