Examples of Pledged Collateral in a sentence
Lender shall not be obligated to make any sale of the Pledged Collateral if it shall determine not to do so, regardless of the fact that notice of sale of the Pledged Collateral may have been given.
Thereafter, upon the request of TRSCo and at TRSCo’s sole cost and expense, Lender shall deliver to TRSCo, without any representations, warranties or recourse of any kind whatsoever, such of the Pledged Collateral as then may be held or controlled by Lender hereunder, and execute and deliver to TRSCo such documents as TRSCo may reasonably request to evidence such termination, including, without limitation, UCC termination statements.
TRSCo has not granted a security interest in the Pledged Collateral to any other party, and the security interest granted pursuant to this Agreement in the Pledged Collateral constitutes a valid, perfected first priority security interest in the Pledged Collateral, enforceable as such against all creditors of, and purchasers from, TRSCo.
Nothing herein shall be deemed to be a waiver of any right which Lender may have under Section 506(a), 506(b), 111l(b) or any other provisions of the Bankruptcy Code to file a claim for the full amount of the indebtedness of the Loan and other amounts due under this Agreement, the Loan Documents or to require that all of the Pledged Collateral shall continue to secure the Obligations.
Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right to proceed against the Pledged Collateral of TRSCo as it shall determine in its sole discretion.