Common use of Secured Party Clause in Contracts

Secured Party. before or after the occurrence of an Event of Default, may demand, collect and sue on the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 4 contracts

Samples: Security Agreement (Schuff International Inc), Security Agreement (Schuff International Inc), Security Agreement (Schuff International Inc)

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Secured Party. before or after the occurrence and during the continuation of an any Event of Default, without notice to Debtor, may demand, collect and sue on the Collateral (either in Debtor's or Secured Party's namexame), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 3 contracts

Samples: Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc), Security Agreement (Antigua Enterprises Inc)

Secured Party. before or after the occurrence of an Event of DefaultDefault and without notice to Debtor, may demand, collect and sue on xx the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 2 contracts

Samples: Credit Agreement (Hypercom Corp), Security Agreement (Interact Commerce Corp)

Secured Party. before or after the occurrence of an Event of DefaultDefault and without notice to Debtor, may demand, collect and sue on xx the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 2 contracts

Samples: Security Agreement (Schuff Steel Co), Security Agreement (Bowmar Instrument Corp)

Secured Party. before or after the occurrence of an Event of Default, may demand, collect and sue xxx on the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 1 contract

Samples: Security Agreement (Schuff International Inc)

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Secured Party. before or after the occurrence of an Event of DefaultDefault and without notice to Debtor, may demand, collect and sue on xx the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name names on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.to

Appears in 1 contract

Samples: Security Agreement (Saf T Hammer Corp/Nv)

Secured Party. before or after the occurrence of an Event of DefaultDefault and without notice to Debtor, may demand, collect and sue on the Collateral (either in Debtor's or Secured Party's name), enforce, compromise, settle or discharge the Collateral and endorse Debtor's name on any instruments, documents, or chattel paper included in or pertaining to the Collateral; Debtor hereby irrevocably appoints Secured Party its attorney in fact for all such purposes.

Appears in 1 contract

Samples: Credit Agreement (Knight Transportation Inc)

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