Common use of Rights and Remedies Generally upon Default Clause in Contracts

Rights and Remedies Generally upon Default. Subject to the Intercreditor Agreement, if an Event of Default shall have occurred and is continuing, the Administrative Agent, in addition to other rights and remedies provided for herein or in any other Loan Document, or otherwise available to it, shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC (whether or not the 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 Administrative Agent were the sole and absolute owner thereof (and 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 4 contracts

Samples: Guarantee and Security Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.), Day Revolving Credit Agreement (KKR & Co. Inc.)

AutoNDA by SimpleDocs

Rights and Remedies Generally upon Default. Subject to the Intercreditor Agreement, if an Event of If a Default shall have occurred and is continuing, and any Purchaser or the Administrative Grantor shall have notified the Collateral Agent in writing thereof, the Collateral Agent, in addition to other rights and remedies provided for herein or in any other Loan Document, or otherwise available to iton behalf of the Secured Parties, shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC NYUCC (whether or not the UCC 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 Administrative Collateral Agent were the sole and absolute owner thereof (and each Obligor the Grantor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing, the Collateral Agent may:

Appears in 2 contracts

Samples: Security Agreement (Vapor Corp.), Security Agreement (Windstream Technologies, Inc.)

Rights and Remedies Generally upon Default. Subject IfSubject to the Intercreditor Agreement, if an Event of Default shall have occurred and is continuing, the Administrative Agent, in addition to other rights and remedies provided for herein or in any other Loan Document, or otherwise available to it, shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC (whether or not the 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 Administrative Agent were the sole and absolute owner thereof (and 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

Samples: Assignment and Assumption (KKR & Co. L.P.)

Rights and Remedies Generally upon Default. Subject to the Intercreditor Agreement, if If an Event of Default shall have occurred and is continuing, the Administrative Agent, in addition to other rights and remedies provided for herein or in any other Loan Document, or otherwise available to it, shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC (whether or not the 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 Administrative Agent were the sole and absolute owner thereof (and 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

Samples: Guarantee and Security Agreement (KKR & Co. Inc.)

AutoNDA by SimpleDocs

Rights and Remedies Generally upon Default. Subject to the Intercreditor Agreement, if If an Event of Default shall have occurred and is continuing, then subject to Section 6.02(d) of the Administrative AgentCredit Agreement, in addition to other rights and remedies provided for herein or in any other Loan Document, or otherwise available to it, the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC (whether or not the 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 lawLaw, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Administrative Collateral Agent were the sole and absolute owner thereof (and each Obligor the Pledgor 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: Equity Pledge Agreement (Saratoga Investment Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.