Common use of Right to Initiate Judicial Proceedings, Etc Clause in Contracts

Right to Initiate Judicial Proceedings, Etc. Upon the occurrence and during the continuance of an Event of Default (a) the Collateral Agent shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in the Collateral Agent by this Agreement and the other Financing Documents; and (b) the Collateral Agent may, either after entry or without entry proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to realize upon all or, from time to time, any of the property pledged hereunder for the benefit of the Secured Parties under the judgment or decree of a court of competent jurisdiction.

Right to Initiate Judicial Proceedings, Etc. Upon the occurrence and during the continuance of If an Event of Default shall have occurred and be continuing, then (a) the Collateral Agent shall have the right and power to institute and maintain such suits and proceedings as it he may deem appropriate to protect and enforce the rights vested in the Collateral Agent by this Agreement and the other Financing Documents; and (b) the Collateral Agent may, either after entry or without entry may proceed by suit or suits at law or in equity to enforce such rights vested in the Collateral Agent and to foreclose upon the Collateral and to realize upon sell all or, from time to time, any of the property pledged hereunder for the benefit of the Secured Parties Collateral under the judgment or decree of a court of competent jurisdiction.