Rights of the Security Agent Sample Clauses

Rights of the Security Agent. When the pledge under the Agreement becomes executable, the Security Agent has the right to, pursuant to the instructions of the Instructing Group, immediately execute and exercise all powers and remedial measures available to it as the Pledgee of the Pledged CDs, including but not limited to the following (and the Security Agent shall notify the Pledgor when it adopts any such measures): (a) Directly producing the Pledged CDs to the Account Control Bank to require payment; (b) Instituting (or instructing the Pledgor to institute as per its requirements) all litigation, arbitration, administrative or legal proceedings in connection with all or any Pledged CDs, and proceeding with, settling or releasing any claims in connection with the Pledged CDs; and/or (c) For the above purposes, adopting and signing all relevant actions, contracts and items that the Security Agent deems reasonably necessary or appropriate.

Rights of the Security Agent. The Seller agrees that, upon notice to the Seller, the Security Agent may exercise all the rights of the Agent then existing under any Transaction Document, with respect to any Purchased Receivable, and Collections with respect thereto, which are owned by the Company, and all other rights and interests of the Company in, to and under any Future Agreement.

Rights of the Security Agent. When the pledge under the Agreement becomes executable, the Security Agent has the right to, pursuant to the instructions of the Instructing Group, immediately execute and exercise all powers and remedial measures available to it as the Obligee of the Receivables, including but not limited to (the Security Agent shall notify the Pledgor when it adopts any such measures): (a) Exercising all or part of the powers vested by the laws of China in this areas through public auction or sale to sell and realize all or any part of the Receivable; (b) Direct deduction or appropriation of relevant amounts from the Receiving Account to settle the Secured Obligations; (c) Requiring the Obligors to pay the Receivables directly to the accounts designated by the Security Agent; (d) Instituting (or instructing the Pledgor to institute as per its requirements) all litigation, arbitration or legal proceedings in connection with all or any Receivables, and the execution, settlement or release of any rights and claims in connection with the Receivables; (e) Exercising any rights in connection with the Receivables under the Underlying Contract; and/or (f) For the above purposes, adopting and signing all relevant actions, contracts and items that the Security Agent deems reasonably necessary or appropriate.

Rights of the Security Agent. The Security Agent shall have the right, either in its own name or in the name of the Chargor or otherwise and in such manner and upon such terms and conditions as the Security Agent thinks fit, and either alone or jointly with any other person:

Rights of the Security Agent. Without prejudice to or limiting any right the Security Agent may have under the Intercreditor Agreement or any other Debt Document, the Security Agent shall act as agent for the Secured Parties in all matters arising out of or in connection with this Agreement and shall, among others, be entitled to make, pursue and enforce any rights and claims arising under or in respect of this Agreement on behalf of the Secured Parties.

Rights of the Security Agent. 3.1 The Security Agent shall have the right to notify the Assignment to the debtors at any time upon the occurrence of an Enforcement Event. The Security Agent shall have the right to notify the Assignment to the relevant debtors at any time if the Assignor does not comply with its obligation under Sections 2.5 and 2.10. 3.2 Upon occurrence of an Enforcement Event, any amount payable under the Assigned Receivables, the Assigned Insurance Claims, the Assigned Inter-company Receivables or the Assigned Bank Accounts shall be paid to the Security Agent or as directed by the Security Agent and the Security Agent shall be entitled, but not obligated, to collect and enforce the Assigned Receivables, the Assigned Insurance Claims, the Assigned Inter-company Receivables and the Assigned Bank Accounts and allocate the proceeds thereof to the Finance Parties in accordance with the Intercreditor Deed (as defined in the Senior Bridge Facilities Agreement). 3.3 The Security Agent, acting reasonably, shall have the right to access the premises of the Assignor to the full extent necessary during ordinary business hours after giving reasonable prior notice to the Assignor and obtain from the Assignor all information and documents deemed necessary in the reasonable opinion of the Security Agent, to ascertain the existence and particulars of the Assigned Receivables, the Assigned Insurance Claims, the Assigned Inter-Company Receivables and the Assigned Bank Accounts. 3.4 To the extent that collection of the Assigned Receivables, Assigned Insurance Claims, Assigned Inter-company Receivables or the Assigned Bank Accounts is not possible or is deemed unduly burdensome in the sole opinion of the Security Agent, the latter shall be entitled to assign the Assigned Receivables, Assigned Insurance Claims, Assigned Inter-company Receivables or Assigned Bank Accounts by private realization (“Private Verwertung (Selbstverkauf)”), without regard to the enforcement procedure provided for by the Swiss Federal Debt Collection and Bankruptcy Act, and apply the proceeds (less all costs and expenses) of such assignment towards the discharge of the Secured Liabilities, being understood that the Security Agent shall act in good faith with a view to sell the Assigned Receivables, Assigned Insurance Claims, Assigned Inter-company Receivables or Assigned Bank Accounts at fair value given all the circumstances. In the event of a public or private auction of the Assigned Receivables, Assigned Insura...

Rights of the Security Agent. The Security Agent shall not be liable for failure, to collect under or realize upon any Collateral or any part thereof, or for any delay in to doing nor shall it be under any obligation to take any action whatsoever with regard thereto. If an Event of Default or Default has occurred and is continuing, the Security Agent may thereafter, without notice, exercise all rights, privileges or options pertaining to any Collateral as if it were the absolute owner thereof, upon such terms and conditions as it may determine, all without liability Exhibit 10.103 except to account for property actually received by it, but the Security Agent shall have no duty to exercise, any of the aforesaid rights, privileges or options and shall not be responsible for any failure to do so or delay in so doing.

Rights of the Security Agent. When the pledge under the Agreement becomes executable, the Security Agent has the right to, pursuant to the instructions of the Instructing Group, immediately execute and exercise all powers and remedial measures available to it as the Pledgee of the Secured Equipment, including but not limited to the following (and the Security Agent shall notify the Pledgor when it adopts any such measures): (a) Exercising all or part of the powers vested by the laws of China in this respect through public auction or sale to sell and realize all or any part of the Secured Equipment; (b) Instituting (or instructing the Pledgor to institute as per its requirements) all litigation, arbitration or legal proceedings in connection with all or any Secured Equipment, and proceeding with, settling or releasing any claims in connection with the Secured Equipment; (c) Exercising any rights of the Pledgor over the Secured Equipment for the purpose of the pledge under the Agreement; and/or (d) For the above purposes, adopting and signing all relevant actions, contracts and items that the Security Agent deems reasonably necessary or appropriate.

Rights of the Security Agent. 7.1 The security constituted by this Mortgage is in addition and without prejudice to any guarantee, security or indemnity in respect of any of the Liabilities now or hereafter given to the Security Agent (in its capacity as such or in other relevant capacity) by the Mortgagor or any other person. 7.2 The Mortgagor acknowledges that this Mortgage shall constitute a continuing security for the performance of the Liabilities and that, except as provided in Clause 14, the security constituted by this Mortgage shall not be discharged or otherwise prejudiced nor shall the liability of the Mortgagor hereunder be in any way lessened or affected by any failure of the Security Agent to take or enforce any other security for the Liabilities or any invalidity of any other security taken. 7.3 No failure to exercise and no failure or delay on the part of the Security Agent in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any right, power, or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided are cumulative and not exclusive of any other rights or remedies provided by law and, for the avoidance of doubt, the Security Agent shall not be obliged to sell the Mortgaged Securities in the event that this Mortgage shall become enforceable but shall be entitled to enforce the same in such manner as it sees fit (in accordance with applicable laws). 7.4 Subject to Clause 14, until the security constituted by this Mortgage is released or discharged in respect of the Mortgaged Securities (or relevant part thereof) the Security Agent may retain all share certificates, relevant instruments and documents of title deposited under Clause 3.

Rights of the Security Agent