Common use of Right of Secured Party to Use and Operate Collateral Clause in Contracts

Right of Secured Party to Use and Operate Collateral. Upon Secured Party's taking possession of all or any part of the Collateral, pursuant to any right granted Secured Party by this Security Agreement or otherwise, Secured Party shall have the right to hold, store, and/or use, operate, manage, and control the same. Upon any such taking of possession, Secured Party may (but shall not be obligated to), from time to time, at the expense of Debtor, make all such repairs, replacements, alterations, additions, and improvements to and of all or any of the Collateral as Secured Party may deem proper. In any such case Secured Party shall have the right to exercise all rights and powers of Debtor in respect of the Collateral or any part thereof as Secured Party shall deem proper, including the right to enter into any and all such agreements with respect to the leasing and/or operation of the Collateral or any part thereof as Secured Party may see fit; and Secured Party shall be entitled to collect and receive all rents, issues, profits, fees, revenues, and other income of the same and every part thereof.

Appears in 2 contracts

Samples: Security Agreement (Arden Realty Inc), Security Agreement (Arden Realty Inc)

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Right of Secured Party to Use and Operate Collateral. Upon the Secured Party's taking possession of all or any part of the Collateral, pursuant to any right granted Secured Party by this Security Agreement or otherwiseAgreement, Secured Party shall have the right to hold, store, and/or use, operate, manage, manage and control the same. Upon any such taking of possession, Secured Party may (but shall not be obligated to)may, from time to time, at the expense of Debtor, make all such repairs, replacements, alterations, additions, additions and improvements to and of all or any of the Collateral as Secured Party may deem proper. In any such case Secured Party shall have the right to exercise all rights and powers of Debtor in respect of the Collateral or any part thereof as Secured Party shall deem properbest, including the right to enter into any and all such agreements with respect to the leasing and/or operation of the Collateral or any part thereof as Secured Party may see fit; and Secured Party shall be entitled to collect and receive all rents, issues, profits, fees, revenues, revenues and other income of the same and every part thereof.

Appears in 1 contract

Samples: Joint Venture Agreement (Intracel Corp)

Right of Secured Party to Use and Operate Collateral. Upon In addition to any other rights of Secured Party hereunder or under any other Loan Document, under applicable law or at equity or otherwise, upon the Secured Party's taking possession of all or any part of the Collateral, pursuant to any right granted Secured Party by this Security Agreement or otherwise, Secured Party shall have the right to hold, store, and/or use, operate, manage, and manage and/or control the same. Upon any such taking of possession, Secured Party may (but shall not be obligated to)may, from time to time, at the expense of DebtorGrantor, make all such repairs, replacements, alterations, additions, additions and improvements to and of all or any of the Collateral as Secured Party may deem proper. In any such case case, Secured Party shall have the right to exercise all rights and powers of Debtor Grantor in respect of the Collateral or any part thereof as Secured Party shall deem properdetermine, including the right to enter into any and all such agreements with respect to the leasing and/or operation of the Collateral or any part thereof as Secured Party may see fit; and Secured Party shall be entitled to collect and receive all dividends, interest, rents, issues, profits, fees, revenues, and other income and the proceeds of the same and every part thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aps Healthcare Inc)

Right of Secured Party to Use and Operate Collateral. Upon In the event that the Lease is terminated in connection with the occurrence of any Event of Default, upon Secured Party's taking possession of all or any part of the Collateral, Collateral pursuant to any right granted Secured Party by this Security Agreement or otherwiseAgreement, Secured Party shall have the right to hold, store, store and/or use, operate, manage, manage and control the same. Upon any such taking of possession, Secured Party may (but shall not be obligated to)may, from time to time, at the expense of Debtor, make all such repairs, replacements, alterations, additions, additions and improvements to and of all or any of the Collateral as Secured Party may deem proper. In any such case Secured Party shall have the right to exercise all rights and powers of Debtor in respect of the Collateral or any part thereof as Secured Party shall deem properbest, including the right to enter into any and all such agreements with respect to the leasing and/or operation of the Collateral or any part thereof as Secured Party may see fit; and Secured Party shall be entitled to collect and receive all dividends, interest, rents, issues, profits, fees, revenues, income and other income proceeds of the same and every part thereof.

Appears in 1 contract

Samples: Tenant Security Agreement (Apple Hospitality Two Inc)

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Right of Secured Party to Use and Operate Collateral. Upon In addition to any other rights of Secured Party hereunder or under any other Loan Document, under applicable law or at equity or otherwise, upon the Secured Party's taking possession of all or any part of the Collateral, pursuant to any right granted Secured Party by this Security Agreement or otherwise, Secured Party shall have the right to hold, store, and/or use, operate, manage, and manage and/or control the same. Upon any such taking of possession, Secured Party may (but shall not be obligated to)may, from time to time, at the expense of Debtor, make all such repairs, replacements, alterations, additions, additions and improvements to and of all or any of the Collateral as Secured Party may deem proper. In any such case case, Secured Party shall have the right to exercise all rights and powers of Debtor in respect of the Collateral or any part thereof as Secured Party shall deem properdetermine, including the right to enter into any and all such agreements with respect to the leasing and/or operation of the Collateral or any part thereof as Secured Party may see fit; and Secured Party shall be entitled to collect and receive all dividends, interest, rents, issues, profits, fees, revenues, and other income and the proceeds of the same and every part thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aps Healthcare Inc)

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