Common use of Right to Initiate Judicial Proceedings Clause in Contracts

Right to Initiate Judicial Proceedings. If an Event of Default has occurred and is continuing, the Collateral Agent (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate and permitted under any Security Agreements to protect and enforce the rights vested in it by this Collateral Agent Agreement and each Security Agreement and (ii) 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 sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction, all in accordance with the Security Agreements.

Right to Initiate Judicial Proceedings. If an Event a Notice of Default has occurred and Acceleration is continuingin effect, the Collateral Agent Agent, subject to the provisions of subsection 2.5(b), (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate and permitted under any Security Agreements to protect and enforce the rights vested in it by this Collateral Agent Agency Agreement and each the Security Agreement and (ii) 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 sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction, all in accordance with the Security Agreements.

Right to Initiate Judicial Proceedings. If an Event a Notice of -------------------------------------- Default has occurred and is continuingin effect, the Collateral Agent (ia) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate and permitted under any Security Agreements to protect and enforce the rights vested in it by this Collateral Agent Agreement and each Security Agreement and (iib) 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 Affected Collateral and to sell all or, from time to time, any of the Affected Collateral under the judgment or decree of a court of competent jurisdiction, all in accordance with the Security Agreements.