Rights of Grantor. Notwithstanding anything to the contrary set out in this Agreement, until the occurrence of an Acceleration Event which is continuing (or such later date as provided by this Agreement), the Grantor shall continue to:
8.1 have the sole right (i) to deal with any Collateral (including making any disposal of or in relation thereto) and all contractual counterparties in respect thereof, and (ii) to amend, waive, terminate or allow to lapse (including agreeing to surrender or terminate any lease) any rights, benefits and/or obligations in respect of such Collateral, in each case without reference to any Secured Party, other than to the extent agreed to be restricted pursuant to the Interim Documents (save where the Required Creditor Consent has been obtained); and
8.2 have the sole right to operate and transact business in relation to any Collateral, including making withdrawals from and effecting closures of the Accounts, in each case other than to the extent agreed to be restricted pursuant to the Interim Documents (save where the Required Creditor Consent has been obtained).
Rights of Grantor. So long as no Event of Default shall have occurred and be continuing, each Grantor shall have the right to (i) receive all dividends, interest and other payments and distributions made upon or with respect to the Pledged Collateral, (ii) receive all proceeds of any sale of the Pledged Collateral in accordance with Section 5.08 and (iii) vote and give consents, ratifications and waivers, with respect to the Pledged Collateral. Each Grantor waives any right it may have to require the Collateral Agent or Investor to pursue any third person for any of the Obligations.
Rights of Grantor. 19 Section 6.02 Remedies upon Occurrence of Event of Default...............................20 Section 6.03 Remedies; Disposition of the Collateral....................................22 Section 6.04 Restrictions...............................................................23 Section 6.05
Rights of Grantor. As used in this paragraph, the work "Grantor" shall be deemed to include Triad Construction Co., a California corporation and U. S. Constructors, a California corporation, Joint Venturers doing business under the name Rancho Santa Xxxxxx Joint Venture, and any successor in interest holding title for the purpose of construction and sale of residences, and the representatives of Grantor and any such successor. Grantor has undertaken or will undertake the work of constructing residences and incidental improvements upon Lots located upon the Subdivided Property. The completion of that work and the sale, rental and other disposal of said residences is essential to the improvement of said property. In order that said work may be completed as rapidly as possible, nothing in this declaration shall be understood or construed to:
a. Prevent Grantor from doing on said property or any part thereof whatever is reasonably necessary or advisable in connection with the completion of said work;
b. Prevent Grantor from erecting, constructing and maintaining on any part or parts of said property owned or controlled by Grantor such structures as may be reasonable necessary for the conduct of its business of completing said work and of disposing of the said property in parcels by sale, lease or otherwise, including without limiting the generality of the foregoing, model homes and tract construction and sales offices:
c. Prevent Grantor -from conducting on any part or parts of said property owned or controlled by grantor its business of completing said work and of disposing of said property in parcels by sale, lease or otherwise; or
d. Prevent Grantor from erecting, constructing and maintaining such sign or signs on any Lot or Lots owned or controlled by Grantor as may in the sole judgement of Grantor be reasonable necessary for the purpose set forth in this paragraph. Any amendment to this paragraph shall be effective only if accomplished in the manner provided for amendment of Paragraph 10(b) hereof.
Rights of Grantor. Grantor has all rights to own, operate or hold the properties and assets it owns, operates or holds, including the Collateral. Grantor’s exact legal name is as set forth in the first paragraph of this Security Agreement.
Rights of Grantor. Grantor may assign, negotiate, pledge, or otherwise hypothecate this Agreement and the other documents executed by Subgrantor in connection therewith or any of its rights and security thereunder, in whole or in part. In the case of such assignment, Subgrantor will accord full recognition thereto and hereby agrees that all rights and remedies of the Grantor in connection with the interests so assigned shall be enforceable against Subgrantor by the assignee thereof.
Rights of Grantor. Grantor reserves to itself, and to its personal representatives, heirs, successors, and assigns, all rights accruing from its ownership of Property, including the right to engage in or permit or invite others to engage in all uses of Property that are not expressly prohibited herein and are not inconsistent with the purpose of this Easement and the Management Plan.
Rights of Grantor. Grantor, its successors and assigns, shall have the right to use, and to grant others rights and easements over the Easement Area provided that such use and/or rights do not unreasonably interfere with Grantee’s use of the Easement Area for the purposes provided herein.
Rights of Grantor. Notwithstanding the foregoing the Grantor and those claiming authority through the Grantor, and their respective agents may eject from the Land, including the Right of Way Area, any member of the public who:
(a) acts in a disorderly or offensive manner, or interferes with, threatens or obstructs any other person, appears intoxicated or commits or appears to commit an illegal act;
(b) presents an apparent threat to the safety of others or to the security of any landscaping or any improvements on the Right of Way Area or the Land;
(c) takes up abode at any time by erecting a tent, shelter or other type of structure or accommodation in the Right of Way Area;
(d) lights any fires or xxxxx any material in the Right of Way Area; or
(e) otherwise creates a nuisance.
Rights of Grantor. Subject to the provisions of Sections 7 and 9 above, this Section 13, Section 20.12 below, and Exhibit F, Paragraph 1 below, Grantor shall have the unrestricted right to sell, encumber, or otherwise transfer the Property or portions thereof to anyone Grantor chooses. Notwithstanding the foregoing, Grantor shall disclose the existence of this Easement (including reference to the recording information) in any deed or other legal instrument by which Grantor divests itself of a real property interest in all or a portion of the Property, including, without limitation, a leasehold interest, and all such conveyances shall be made expressly subject to the terms of this Easement. Grantor shall notify Grantee periodically of any contemplated grants by Grantor to any third party of any interest in any portion of the Property, whether such interest is a fee, easement, lease, mortgage or other interest. Additionally, Grantor shall notify Grantee in writing not more than thirty (30) days after any grant by Grantor to any third party of any interest in any portion of the Property, whether such interest is a fee, easement, lease, mortgage or other interest. The failure of Grantor to perform any act required by this Section 13 shall not impair the validity of this Easement or limit its enforcement in any way or create any obligation on the part of Grantee. Grantor recognizes that Grantee may incur direct and indirect costs for monitoring and administration of the Conservation Easement in the event fee title to the Property is transferred under this provision. Accordingly, upon Xxxxxxx’s sale, transfer or conveyance of fee title of the Property, Grantor shall pay, or cause to be paid, to Grantee a one-time payment of a sum representing the increased cost of such Conservation Easement stewardship, as reasonably determined at such time by Xxxxxxx. Such one-time payment shall be in addition to any reimbursements required pursuant to Section 13.2.4 or Section 17 of this Easement.
