Remedies Upon Occurrence of Event of Default Sample Clauses

Remedies Upon Occurrence of Event of Default. Upon the occurrence of any Event of Default hereunder, the Lender may declare all of the Secured Obligations to be immediately due and payable and shall have all of the rights and remedies of a secured party under the Kentucky UCC and in any state where any of the Collateral may then be located, including without limitation, the right to take possession of the Collateral and, in addition thereto, the right to enter upon any premises upon which the Collateral or any part thereof may be situated and remove the same therefrom. The Lender may require each and every Borrower to make the Collateral (to the extent the same is movable) available to the Lender at a place to be designated by the Lender that is reasonably convenient to both the Lender and such Borrower. Unless the Collateral is perishable or threatens to decline rapidly in value or is of a type customarily sold on a recognized market, the Lender will give the Borrowers at least ten (10) days prior written notice of the time and place of any public sale thereof or of the time after which any private sale or any other intended disposition thereof is to be made. Any such notice shall be deemed to meet any requirement hereunder or under any applicable law, including without limitation the Kentucky UCC, that reasonable notification be given of the time and place of such sale or other disposition. After deducting all costs and expenses of collection, storage, custody, sale or other disposition and delivery, including reasonable legal costs and attorneys’ fees and all other charges against the Collateral, the residue of the proceeds of any such sale or disposition shall be applied to the payment of the Secured Obligations in such order of priority as the Lender shall determine in its sole discretion, and any surplus shall be returned to the Borrowers or to any person or party lawfully entitled thereto (including, if applicable, any subordinated creditors of the Borrowers). In the event the proceeds of any sale, lease or other disposition of the Collateral hereunder are insufficient to pay all of the Secured Obligations in full, the Borrowers will be liable for the deficiency, together with interest thereon at the rate provided in the Loan Instruments as applicable to overdue principal and interest thereunder, and the costs and expenses of collection of such deficiency, including, to the extent permitted by law, reasonable legal costs and attorneys’ fees, expenses and disbursements. If the Lender sells any o...

Remedies Upon Occurrence of Event of Default. 7.1. Remedies; Obtaining the Collateral Upon Default 7.2. Remedies; Disposition of the Collateral 7.3. Waiver of Claims 7.4. Application of Proceeds 7.5. Remedies Cumulative 7.6. Discontinuance of Proceedings

Remedies Upon Occurrence of Event of Default. Section 7.1. Remedies; Obtaining the Collateral Upon Default............................................

Remedies Upon Occurrence of Event of Default. 7.1. Remedies; Obtaining the Collateral Upon Default . .

Remedies Upon Occurrence of Event of Default. Remedies; Obtaining the Collateral Upon Default 21 Section 7.2. Remedies; Disposition of the Collateral 22 Section 7.3. Waiver of Claims 23 Section 7.4. Application of Proceeds 24 Section 7.5. Remedies Cumulative 24 Section 7.6. Discontinuance of Proceedings 24 Section 7.7. Additional Remedies With Respect to Collateral Located in Louisiana 25

Remedies Upon Occurrence of Event of Default. SECTION 8.1. REMEDIES; OBTAINING THE COLLATERAL UPON DEFAULT SECTION 8.2. REMEDIES; DISPOSITION OF THE COLLATERAL SECTION 8.3. WAIVER OF CLAIMS SECTION 8.4. APPLICATION OF PROCEEDS SECTION 8.5. REMEDIES CUMULATIVE SECTION 8.6. DISCONTINUANCE OF PROCEEDINGS ARTICLE IX INDEMNITY SECTION 9.1. INDEMNITY SECTION 9.2. INDEMNITY OBLIGATIONS SECURED BY COLLATERAL; SURVIVAL

Remedies Upon Occurrence of Event of Default. Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, 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 relevant jurisdictions and may:

Remedies Upon Occurrence of Event of Default. Remedies: Obtaining the Collateral Upon Default. Subject to Section 7.2 ----------------------------------------------- and the mandatory provisions of any applicable law, the Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Canadian Administrative Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the PPSA in all relevant jurisdictions and may:

Remedies Upon Occurrence of Event of Default. Upon the occurrence of an Event of Default as described in Section 12.2 above, the non-defaulting party may, at its option, terminate this Agreement by giving written notice of its intention to terminate this Agreement.