Rights Regarding Collateral. Borrower agrees that when any Event of Default has occurred and is continuing, Lenders or Agent, on behalf of Lenders, shall have the rights, options, duties and remedies of a secured party as permitted by law and, in addition to and without limiting the foregoing, Lenders or Agent may, at the election of Lenders, exercise any one or more or all, and in any order, of the remedies herein set forth, including the following: (i) Agent or Lenders, personally or by agents or attorneys, shall have the right (subject to compliance with any applicable mandatory legal requirements) to require Borrower to assemble the Collateral and make it available to Agent at a place to be designated by Agent in California or to take immediate possession of the Collateral, or any portion thereof, and for that purpose may pursue the same wherever it may be found, and may enter any premises of Borrower, with or without notice, demand, process of law or legal procedure, to the extent permitted by applicable law, and search for, take possession of, remove, keep and store the same, or use and operate or lease the same until sold; (ii) Agent or Lenders may, if at the time such action may be lawful and always subject to compliance with any mandatory legal requirements, either with or without taking possession and either before or after taking possession, without instituting any legal proceedings whatsoever, having first given notice of such sale by registered or certified mail to Borrower once at least ten (10) days prior to the date of such sale, and having first given any other notice which may be required by law, sell and dispose of the Collateral, or any part thereof, at a private sale or at public auction, to the highest bidder, in one lot as an entirety or in separate lots, and either for cash or on credit and on such terms as Lenders may determine, and at any place (whether or not it be the location of the Collateral or any part thereof) designated in the notice referred to above. Agent and its agents and any purchasers at or after foreclosure are hereby granted a non-exclusive, irrevocable, perpetual, fully paid, royalty-free license or other right, solely pursuant to the provisions of this Section 8.02, to use, without charge, Borrower’s intellectual property that remains embedded or contained in the Collateral, including without limitation, labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or ...
Rights Regarding Collateral. Borrower agrees that when any Event of Default has occurred and is continuing, Lender shall have the rights, options, duties and remedies of a secured party as permitted by law and, in addition to and without limiting the foregoing, Lender may exercise any one or more or all, and in any order, of the remedies herein set forth, including the following:
Rights Regarding Collateral. Borrower agrees that when any Event of --------------------------- Default has occurred and is continuing, Lenders shall have the rights, options, duties and remedies of a secured party as permitted by law and, in addition to and without limiting the foregoing, Lenders may exercise any one or more or all, and in any order, of the remedies herein set forth, including the following:
Rights Regarding Collateral. Pledgor shall have the right to receive distributions from the Pledged Entities until the occurrence and during the continuance of an Event of Default. In the event Pledgor shall receive any distribution not permitted pursuant to this Section 7, Pledgor shall pay and contribute into such Pledged Entities all such distributions and any and all money and other property received by Pledgor in contravention of this Section 7. So long as no Event of Default hereunder shall have occurred and be continuing, Pledgor shall have the right to exercise all of its voting, consensual and other powers of ownership pertaining to the Collateral for all purposes not inconsistent with the terms of this Pledge Agreement or any of the other Loan Documents. Upon the occurrence and during the continuance of a Default hereunder, all rights of Pledgor to exercise its voting, consensual and other powers of ownership pertaining to the Collateral shall become vested in Secured Party upon written notice from Secured Party to Pledgor, and thereupon Secured Party shall have the sole and exclusive authority to exercise such voting, consensual and other powers of ownership which Pledgor shall otherwise be entitled to exercise.
Rights Regarding Collateral. The Borrowers agree that when any Event of Default has occurred and is continuing, in addition to the rights set forth above, Bank shall have the rights, options, duties and remedies of a secured party as permitted by law and as set forth in the Security Agreement, subject, however, to all FCC Rules.
Rights Regarding Collateral. Debtor agrees that, with respect to the Collateral, Secured Party shall have all of the rights and remedies of a secured party under the UCC.
Rights Regarding Collateral. The Company agrees that when any Event of Default has occurred and is continuing, in addition to the rights set forth above, Purchasers shall have the rights, options, duties and remedies of a secured party as permitted by law, and as set forth in the Security Agreement.
Rights Regarding Collateral. So long as no Event of Default under the Loan Agreement shall have occurred and be continuing, Pledgor shall have the right to exercise all of its voting, consensual and other powers of ownership pertaining to the Collateral for all purposes not inconsistent with the terms of this Agreement, or any of the Basic Documents, and shall be entitled to receive, spend and otherwise utilize all dividends and other distributions with respect to the Collateral; provided, however, that Pledgor agrees that it will not vote the Collateral in any manner that is inconsistent with the terms of this Pledge Agreement or any of the Basic Documents. The Lender shall execute and deliver to Pledgor or cause to be executed and delivered to Pledgor all such proxies, powers of attorney, dividend checks (duly endorsed to Pledgor), and other orders, and all such instruments, without recourse, as Pledgor may reasonably request for the purpose of enabling it to exercise its rights and powers which it is entitled to exercise pursuant to this Section 3.04.
Rights Regarding Collateral. Upon the occurrence of an Event of Default, Lender shall be entitled to the rights and remedies, and each Grantor, jointly and severally, shall have the obligations, set forth in the Loan Documents, including those in section 8 of the Loan Agreement and those in the Security Agreement.
Rights Regarding Collateral. If any Default occurs and continues, Purchaser may exercise, in addition to all other rights and remedies granted to him under the Purchase Agreement, this Agreement, any other Related Agreement or any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the Code. Without limiting the generality of the foregoing, the Company expressly agrees that in that event Purchaser may, without demand of performance or other demand, advertisement or notice of any kind (except the notice specified below of time and place of public or private sale) to or upon the Company or any other Person (all and each of which demands, advertisements and notices are hereby expressly waived to the maximum extent permitted by the Code and other applicable law), enter upon the premises of the Company where any Collateral is located through self-help, without judicial process, without first obtaining a final judgment or giving the Company notice and opportunity for a hearing on Purchaser's claim or action, and without paying rent to the Company, and collect, receive, assemble, process, appropriate and realize upon the Collateral, or any part thereof, and may immediately sell, lease, assign, give an option or options to purchase, or sell or otherwise dispose of and deliver the Collateral (or contract to do so), or any part thereof, in one or more parcels at public or private sale or sales or at any exchange, at prices it deems best, for cash or on credit or for future delivery without assumption of any credit risk. Purchaser shall have the right at any public sale or sales and, to the extent permitted by law, at any private sale or sales, to purchase for the benefit of Purchaser the whole or any part of the Collateral so sold, free of any right or equity of redemption, which equity of redemption the Company hereby releases. The sales may be adjourned or continued from time to time with or without notice. Purchaser shall have the right to conduct the sales on the Company's premises or elsewhere and shall have the right to use the Company's premises without charge for the sales for such time or times as Purchaser deems necessary or advisable. Purchaser shall give notice of any disposition of the Collateral in accordance with the provisions of Sections 9610 through 9613 of the Code. The Company further agrees, if a Default has occurred and continues, at Purchaser's request, to assemble the Collateral and make it a...
