Secured Party’s Rights and Remedies Sample Clauses
Secured Party’s Rights and Remedies. If at any time (1) an Event of Default or Specified Condition with respect to the Pledgor has occurred and is continuing or (2) an Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Pledgor, then, unless the Pledgor has paid in full all of its Obligations that are then due, the Secured Party may exercise one or more of the following rights and remedies:
(i) all rights and remedies available to a secured party under applicable law with respect to Posted Collateral held by the Secured Party;
(ii) any other rights and remedies available to the Secured Party under the terms of Other Posted Support, if any;
(iii) the right to Set-off any amounts payable by the Pledgor with respect to any Obligations against any Posted Collateral or the Cash equivalent of any Posted Collateral held by the Secured Party (or any obligation of the Secured Party to Transfer that Posted Collateral); and
(iv) the right to liquidate any Posted Collateral held by the Secured Party through one or more public or private sales or other dispositions with such notice, if any, as may be required under applicable law, free from any claim or right of any nature whatsoever of the Pledgor, including any equity or right of redemption by the Pledgor (with the Secured Party having the right to purchase any or all of the Posted Collateral to be sold) and to apply the proceeds (or the Cash equivalent thereof) from the liquidation of the Posted Collateral to any amounts payable by the Pledgor with respect to any Obligations in that order as the Secured Party may elect. Each party acknowledges and agrees that Posted Collateral in the form of securities may decline speedily in value and is of a type customarily sold on a recognized market, and, accordingly, the Pledgor is not entitled to prior notice of any sale of that Posted Collateral by the Secured Party, except any notice that is required under applicable law and cannot be waived.
Secured Party’s Rights and Remedies. Secured Party shall have all of the following rights regardless of the existence of any Event of Default.
Secured Party’s Rights and Remedies. Secured Party shall have available to it (subject to applicable law) the following rights and remedies upon occurrence of an Event of Default:
Secured Party’s Rights and Remedies. If at any time (1) an Event of Default or Specified Condition with respect to the Pledgor has occurred and is continuing or (2) an Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Pledgor, then, unless the Pledgor has paid in full all of its Obligations that are then due, the Secured Party may exercise one or more of the following rights and remedies:
Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a)(ii), the Secured Party may draw on any outstanding Letter of Credit (Other Posted Support) in an amount equal to any amounts payable by the Pledgor with respect to any Obligations.
Secured Party’s Rights and Remedies. Secured Party shall have available to it the following rights and remedies:
Secured Party’s Rights and Remedies. In addition to its rights and remedies under the Credit Agreement and the other Loan Documents, and under applicable law, Secured Party shall have available to it the following rights and remedies upon occurrence and during the continuance of an Event of Default:
Secured Party’s Rights and Remedies. If at any time an Event of Default has occurred and is continuing or an Early Termination Date has occurred or been designated, in either case with respect to the Posting Party, then, unless the Posting party has paid in full all of its obligations under the Agreement that are then due, the Secured Party may exercise (i) all rights and remedies available to a secured party under the applicable Law with respect to Posted Collateral held by or for the benefit of the Secured Party, (ii) the right to set-off any amounts payable by the Posting Party with respect to any obligations under the Agreement against any Posted Collateral, and (iii) the right to liquidate any Posted Collateral held by or for the benefit of the Secured Party through one or more public or private sales or other dispositions with such notice, if any, as may be required under applicable Law, free from any claim or right of any nature whatsoever of the Posting Party, including any equity or right of redemption by the Posting Party (with the Secured Party having the right to purchase any or all of the Posted Collateral to be sold) and to apply the proceeds from the liquidation of the Posted Collateral to any amounts payable by the Posting Party with respect to any obligations under the Agreement in such order as the Secured Party may elect.
Secured Party’s Rights and Remedies. A. Secured Party may assign this Security Agreement, and upon such an assignment, the assignee is to be entitled, upon notification to Debtor, to all of the rights and remedies of Secured Party under this Security Agreement.
B. Upon the occurrence of an event of default, Secured Party is to have the following rights and remedies, in addition to any other right and remedies which may be provided by other provisions of this Security Agreement or by law:
1. Secured Party may exercise the rights of enforcement contained in the California Commercial Code in effect in the State of California on the date of the default, including the right to conduct a public or private foreclosure sale and to obtain a deficiency judgment, if applicable. Any public or private foreclosure sale of the Stock Shares must, however, be conducted in conformance with the applicable provisions of the California Commercial Code that are in effect on the date of the sale.
2. Pending the exercise of the rights of enforcement described in Subparagraph B.1. above, Secured Party may exercise all voting rights incident to the Stock Shares.
3. Pending the exercise of the rights of enforcement described in Subparagraph B.1. above, all distributions that are made by the Corporation with respect to the Stock Shares are to be paid to Secured Party, to be applied against the indebtedness of Debtor to Secured Party.
Secured Party’s Rights and Remedies. 1Remedies.