Common use of Rights of Grantor Clause in Contracts

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. 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 9.1 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 9.2 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).