Examples of Luxembourg Grantor in a sentence
The Collateral Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Luxembourg Grantor in connection therewith.
Each such purchaser at any sale of Collateral shall hold the property sold absolutely free from any claim or right on the part of any Luxembourg Grantor, and each Luxembourg Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal that such Luxembourg Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted.
Each Luxembourg Grantor hereby irrevocably constitutes and appoints the Collateral Agent as set forth in Section 30.
If any Luxembourg Grantor fails to perform or comply with any of its agreements contained herein, the Collateral Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement.
The Collateral Agent hereby authorizes each Luxembourg Grantor to collect the Accounts, and the Collateral Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default.
Without limiting the generality of the foregoing, each Luxembourg Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law and the notice requirements described below, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate.
Each Luxembourg Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof.