Common use of Secured Party Remedies Clause in Contracts

Secured Party Remedies. If an Event of Default occurs hereunder, then, Secured Party may, at its option, but is not required to, do any one or more of the following without demand or notice to Debtor: (a) Declare all of the Obligations immediately due and payable in full, notwithstanding the terms of any other writing or evidence of debt; (b) Transfer the Collateral into Secured Party' s name or that of its nominee; (c) From time to time, proceed with the foreclosure of Secured Party's security interest and sale of the Collateral, or any portion of it, in any manner permitted by law or provided for herein; (d) Take possession of and retain the Collateral in satisfaction of the Obligations upon compliance with the provisions of the Code; or (e) Exercise any and all remedies of a secured Parties under the Code or as otherwise provided by law.

Secured Party Remedies. If an Event of Default occurs hereunder, then, Secured Party may, at its option, but is not required to, do any one or more of the following without demand or notice to Debtor: (a) Declare all of the Obligations immediately due and payable in full, notwithstanding the terms of any other writing or evidence of debt; (b) Transfer the Collateral into Secured Party' s name or that of its nominee; (c) From time to time, proceed with the foreclosure of Secured Party's first priority security interest and sale of the Collateral, or any portion of it, in any manner permitted by law or provided for herein; (d) Take possession of and retain the Collateral in satisfaction of the Obligations upon compliance with the provisions of the Code; or (e) Exercise any and all remedies of a secured Parties under the Code or as otherwise provided by law.