Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of an Event of Default, the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the NYUCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner thereof (and the Borrower agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 2 contracts
Samples: Pledge and Security Agreement (Petersen Energia Inversora, S.A.), Pledge and Security Agreement (Petersen Energia Inversora, S.A.)
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of an Event of DefaultIf a Default shall have occurred and is continuing, the Collateral Agent Secured Party shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC UCC (whether or not the NYUCC Uniform Commercial Code is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent Secured Party were the sole and absolute owner thereof (and the Borrower Grantor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 2 contracts
Samples: Security Agreement (American Lithium Minerals, Inc.), Security Agreement (American Lithium Minerals, Inc.)
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of an Event of DefaultIf a Default shall have occurred and is continuing, the Collateral Agent Secured Party shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the NYUCC Uniform Commercial Code is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent Secured Party were the sole and absolute owner thereof (and the Borrower Grantor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 2 contracts
Samples: Security Agreement (Resource America Inc), Subordinated Security Agreement (Nexsan Corp)
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of If an Event of DefaultDefault shall have occurred and is continuing, the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the NYUCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner thereof (and the Borrower each Securing Party agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 2 contracts
Samples: Security Agreement (HMS Holdings Corp), Security Agreement (HMS Holdings Corp)
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of If an Event of DefaultDefault shall have occurred and is continuing, the Collateral Administrative Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the NYUCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Administrative Agent were the sole and absolute owner thereof (and the Borrower each Securing Party agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 1 contract
Samples: Credit Agreement (HMS Holdings Corp)
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of If an Event of DefaultDefault shall have occurred and is continuing, the Collateral Agent shall have have, subject to Section 6.14, all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC UCC (whether or not the NYUCC UCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner thereof (and the Borrower each Obligor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 1 contract
Rights and Remedies Generally upon Default. Upon the acceleration of the Loan following the occurrence of If an Event of DefaultDefault shall have occurred and is continuing, the Collateral Administrative Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the NYUCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Administrative Agent were the sole and absolute owner thereof (and the Borrower each Obligor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing:
Appears in 1 contract
