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

Rights and Remedies Generally upon Default. Upon the occurrence of an Event of Default or breach by the Pledgor of its obligations under the Guaranty, 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:

Rights and Remedies Generally upon Default. Upon the acceleration of the Loans following the occurrence of an Event of Default or breach by the Pledgor of its obligations under the GuarantyDefault, 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:

Rights and Remedies Generally upon Default. Upon the acceleration of the Loans following the occurrence of an Event of Default or breach by the Pledgor of its obligations under the GuarantyDefault, 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:: Security Agreement

Rights and Remedies Generally upon Default. Upon the occurrence of If an Event of Default or breach by the Pledgor of its obligations under the Guarantyshall have occurred and is continuing, the Collateral Agent shall have all of the rights and remedies with respect to the First Lien Collateral and the Second Lien 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 such 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:

Rights and Remedies Generally upon Default. Upon the occurrence of If an Event of Default or breach shall have occurred and is continuing and upon receipt by the Pledgor Borrower of its obligations under written notice thereof from the GuarantyAdministrative Agent, 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:

Rights and Remedies Generally upon Default. Upon the occurrence of If an Event of Default or breach by the Pledgor of its obligations under the Guaranty------------------------------------------ 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 Company agrees to take all such action as may be appropriate to give effect to such right); and without limiting the foregoing: