Rights and Remedies After Default Sample Clauses

Rights and Remedies After Default. (a) Upon the occurrence of a Default pursuant to Section 4.01(k) all Obligations shall be immediately due and payable. Upon the occurrence of any of the other Defaults and at any time thereafter (such Default not having been cured), at the Administration’s option upon notice to Borrower, all Obligations shall immediately be due and payable. In either event, the Administration shall have the right to exercise any and all other rights and remedies provided for herein, under the Uniform Commercial Code and at law or equity generally, including, without limitation, the right to foreclose the security interest granted under the Security Agreement by any available judicial procedure and/or to take possession of and sell any and all of the Collateral with or without judicial process, in addition to the following: i. Require the immediate repayment of the entire outstanding principal amount of the Loan, together with all accrued interest, under the Note, plus any and all Obligations, without presentment, demand, protest, or notice, all of which the Borrower expressly waives; ii. At any time proceed to protect and enforce all rights and remedies available to the Administration under this Agreement or by Law, by any other proceedings, whether for specific performance of any agreement contained in this Agreement, plus damages, or other relief; iii. Suspend or terminate the Borrower's authority to receive any undisbursed Loan proceeds at any time by notice to the Borrower; and iv. Apply as a prepayment of the outstanding principal and interest of the Loan, any undisbursed proceeds of the Loan in the possession of Administration. (b) The Administration may also exercise any and all rights and remedies available under the other Financing Documents or under applicable Law. The Administration shall have the right, in its sole discretion, to determine which rights, security, liens, security interests or remedies the Administration may at any time pursue, relinquish, subordinate, modify or take any other action with respect thereto and such determination will not in any way modify or affect any of them or any of the Administration’s rights hereunder. The exercise of any right or remedy by the Administration shall not constitute a cure or waiver of any Default by the Borrower, nor invalidate any act done pursuant to any notice of Default, nor prejudice the Administration in the exercise of those rights. The enumeration of the foregoing rights and remedies is not intended to ...
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Rights and Remedies After Default. 7.1 Upon the occurrence of any Default, and at any time thereafter if such or any other Default shall then be continuing, we shall have the right (in addition to any other rights we may have under this Agreement or otherwise) without further notice to you: (a) to appropriate, set-off and apply to the payment of any or all of the Obligations, any or all Collateral, in such manner as we shall in our sole discretion determine; (b) to enforce payment of the Obligations or any Collateral; (c) to settle, compromise or release, in whole or in part, any amounts owing on the Collateral; (d) to prosecute any action, suit or proceeding with respect to the Collateral; (e) to extend the time of payment of any and all Collateral, to make allowances and adjustments with respect thereto and to issue credits in your or our name; and (f) to sell, assign and deliver the Collateral (or any part thereof), at public or private sale, for cash, upon credit or otherwise, at our sole option and discretion, and we may bid or become purchaser at any such sale, if public, free from any right of redemption which is hereby expressly waived. You agree that the giving of five (5) days notice by us to your address shown on the first page hereof (or such other address of which we have received notice as provided herein), designating the place and time of any public sale or of the time after which any private sale or other intended disposition of the Collateral is to be made, shall be deemed to be reasonable notice thereof and you waive any other notice with respect thereto. The net cash proceeds resulting from the exercise of any of the foregoing rights or remedies shall be applied by us to the payment of the Obligations in such order as we may elect, and you shall remain liable to us for any deficiency. 7.2 We shall have the right in our sole discretion to determine which rights or remedies, and in which order any of the same, are to be exercised, and we may at any time pursue, relinquish, subordinate, modify or take any other action with respect thereto, without in any way modifying or affecting any of them. We may, at all times, proceed directly against you to enforce payment of the Obligations and shall not be required to take any action of any kind to preserve, collect or protect our or your rights in the Collateral. 7.3 The enumeration of the foregoing rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to, and not by way of limitation of,...
Sample 1
Rights and Remedies After Default. 9.1 Rights and Remedies 9.2 Application of Proceeds
Sample 1Sample 2
Rights and Remedies After Default. 105107 11.1. Rights and Remedies 105107 iv 074658.00041/136182926v.7074658.00041/150851455v.1 074658.00041/136182926v.10074658.00041/150851455v.4 074658.00041/136182926v.11
Sample 1
Rights and Remedies After Default. 32 THIS DRAFT CREDIT AGREEMENT IS FOR DISCUSSION PURPOSES ONLY. THIS IS NOT A COMMITMENT TO EXTEND CREDIT IN ANY FORM, AND REMAINS SUBJECT TO CREDIT COMMITTEE APPROVAL, DUE DILIGENCE, NEGOTIATION AND DOCUMENTATION. NO ORAL COMMUNICATIONS BETWEEN THE PARTIES SHALL BE DEEMED TO INDICATE ANY COMMITMENT TO EXTEND CREDIT IN ANY FORM.
Sample 1
Rights and Remedies After Default. Rights and Remedies
Sample 1
Rights and Remedies After Default. The definition to essentially underwrite a revolving credit agreement definition, for invoicing the other person to the transactions described above written. There is an inccurence covenant comply with respect of revolving credit agreement definition, and stayed there are delegated to the definition of its subsidiaries on a certificate. How Do Credit Inquiries Affect my Score? Beneficiaries to justify any indicate their rights, remedies, powers or privileges against vegetation other guarantor or surety or rain the Credit Documents or any other pet or instrument relating thereto against the Borrower or slash any legitimate Person. How revolving credit agreement definition. Borrowers at contract date list the results of their operations for subsequent period. Person or possesses, directly or indirectly, the power to fund or buzz the sniff of the management or policies of the controlled Person, whether through ownership of Capital contribute, by wax or otherwise. Another risk, especially as a transaction with a combined revolving credit and term loan which one document, is the potential for an activist lender to obtain voting power disproportionate to simply share of defence facility. Revolving credit can be giving great note tool, and financing tool when you feel it. Interest lost all Advances to the Borrower or such lesser percentage as is chill to launch the maximum available Purchase Amounts for the applicable Conduit Interest much the Advances to the Borrower from the applicable Committed Lenders.
Sample 1
AutoNDA by SimpleDocs
Rights and Remedies After Default 
Sample 1Sample 2Sample 3See All (90)

Related to Rights and Remedies After Default

  • Rights and Remedies Upon Default Upon occurrence of any Event of Default and at any time thereafter, the Secured Party shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Party shall have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then located). Without limitation, the Secured Party shall have the following rights and powers: (a) The Secured Party shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance of any person, any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and the Company shall assemble the Collateral and make it available to the Secured Party at places which the Secured Party shall reasonably select, whether at the Company's premises or elsewhere, and make available to the Secured Party, without rent, all of the Company's respective premises and facilities for the purpose of the Secured Party taking possession of, removing or putting the Collateral in saleable or disposable form. (b) The Secured Party shall have the right to operate the business of the Company using the Collateral and shall have the right to assign, sell, lease or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either with or without special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times and at such place or places, and upon such terms and conditions as the Secured Party may deem commercially reasonable, all without (except as shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to the Company or right of redemption of the Company, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, the Secured Party may, unless prohibited by applicable law which cannot be waived, purchase all or any part of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of the Company, which are hereby waived and released.

  • Rights and Remedies Not Waived No act, omission or delay by the Collateral Agent shall constitute a waiver of the Collateral Agent's rights and remedies hereunder or otherwise. No single or partial waiver by the Collateral Agent of any default hereunder or right or remedy that it may have shall operate as a waiver of any other default, right or remedy or of the same default, right or remedy on a future occasion.

  • Rights and Remedies are Cumulative Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party.

  • Rights and Remedies not Exclusive The enumeration of the foregoing rights and remedies is not intended to be exhaustive and the exercise of any rights or remedy shall not preclude the exercise of any other right or remedies provided for herein or otherwise provided by law, all of which shall be cumulative and not alternative.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!