Remedies Upon Occurrence of Event of Default. 13 7.1. Remedies; Obtaining the Collateral Upon Default............. 13 7.2. Remedies; Disposition of the Collateral..................... 14 7.3.
Remedies Upon Occurrence of Event of Default. 7.1. Remedies; Obtaining the Collateral Upon Default
Remedies Upon Occurrence of Event of Default. (a) If an Event of Default shall have occurred and be continuing, the Agent shall have the right to exercise, for the benefit of the Secured Parties, any and all rights and remedies available to it under the Uniform Commercial Code as in effect in the State of Minnesota and any other applicable law to the fullest extent permitted thereby. Without limiting the foregoing, upon the occurrence of an Event of Default and during the continuance thereof, the Agent or any Secured Parties may exercise any of the following rights and remedies: (i) the right, in the name of the Company or otherwise, to demand, collect, receive and receipt for, compound, compromise, settle and give acquittance for, and prosecute and discontinue any suits or proceedings in respect of any or all of the Collateral; (ii) the right upon written notice to the Company and any other Person entitled to receive such notice under any Servicing Contract or Servicing Rights, specifying the effective date of any assumption thereof, to assume, become bound by, and agree to perform and observe the covenants, agreements, obligations and conditions to be performed and observed under any Servicing Contract or Servicing Rights specified in such notice and to exercise all of the rights, powers and privileges of the Company thereunder; (iii) the right to sell and assign to any Person or Persons the right, title and interest of the Company in any Servicing Contract or Servicing Rights; (iv) the right to require the Company to, and the Company hereby agrees that it will at its expense and upon request of the Agent forthwith, assemble all or part of the Collateral as directed by the Agent and make it available to the Agent at a place to be designated by the Agent that is reasonably convenient to both the Agent and the Company; (v) without notice except as specified below, the right to sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Agent's offices or elsewhere, for cash, on credit, or for future delivery, and without assumption of any credit risk, and upon such other terms as the Agent may reasonably believe are commercially reasonable (the Company agrees that, to the extent notice of sale shall be required by law, at least ten days' prior notice to the Company of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification, and the Company further agrees that the Agent shall not be...
Remedies Upon Occurrence of Event of Default. SECTION 8.1. REMEDIES; OBTAINING THE COLLATERAL UPON DEFAULT
Remedies Upon Occurrence of Event of Default. 7. 1. Remedies: Obtaining the Collateral Upon Default. Each Assignor ----------------------------------------------- agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the laws in effect, in all relevant jurisdictions and may:
Remedies Upon Occurrence of Event of Default. Section 7.1. Remedies; Obtaining the Collateral Upon Default 18 Section 7.2. Remedies; Disposition of the Collateral 19 Section 7.3. Waiver of Claims 20 Section 7.4. Application of Proceeds 21 Section 7.5. Remedies Cumulative 21 Section 7.6. Discontinuance of Proceedings 22 Section 7.7. Additional Remedies With Respect to Collateral Located in Louisiana 22 Page
Remedies Upon Occurrence of Event of Default. Upon the occurrence of any of the events of default which entitle AT&T Canada to exercise its right to terminate set out in this Agreement, including without limitation, Section 10 above, at any time thereafter, provided such event of default is then continuing, AT&T Canada may, in its sole discretion, terminate this Agreement or cancel any and all Schedules which reference this Agreement and/or exercise one or more of the following remedies: (a) AT&T Canada may enter upon the premises where the Equipment is located and take possession of the Equipment without demand or notice wherever the same be located, without any court order or other process of law, the Applicant hereby waiving any and all damages in good faith, deem fit; and (b) in addition to any other right or remedy which it may have at law or in equity, give notice to the applicant that it intends to proceed forthwith to the recovery of liquidated damages, which as between the parties hereto, shall be conclusively deemed to be a genuine pre-estimate of the damages suffered by AT&T Canada in the circumstance and not a penalty and which liquidated damages shall be calculated by determining the present value of the total of all amounts due or to become due under the Agreement to the expiration of the Initial Term or any extension or renewal term thereof at a rate of six (6%) per cent per annum, including without limitation all costs incurred by AT&T Canada, its assignees or agents in enforcing the terms of this Agreement plus the expected fair market value of the Equipment at the end of the Initial Term or any extension or renewal of the Initial Term which shall be determined on the basis of and shall be the aggregate amount which would be obtainable at the expiration of the Initial Term or any extension or renewal of the Initial Term in an arms-length transaction between an informed and willing buyer/user and an informed and willing seller under no compulsion to sell. The foregoing remedies shall be in addition to any other rights which AT&T Canada may have by law or under this Agreement.
Remedies Upon Occurrence of Event of Default. 6.1 Remedies, Obtaining the Security Agreement Collateral Upon Default. Grantor agrees that, if any Event of Default shall have occurred, then and in every such case, the Secured Creditor, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Code in all relevant jurisdictions and may:
Remedies Upon Occurrence of Event of Default. The Debtor and the Subsidiaries jointly and severally covenant and agree with the Secured Party as follows Section 5.1.
Remedies Upon Occurrence of Event of Default. 7.1. Remedies: Obtaining the Collateral Upon Default. Subject to Section 7.2 ----------------------------------------------- and the mandatory provisions of any applicable law, the Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Canadian Administrative Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the PPSA in all relevant jurisdictions and may:
