Actions in respect of the Collateral Sample Clauses
The 'Actions in respect of the Collateral' clause defines the rights and responsibilities of parties regarding the use, management, and enforcement of collateral provided under an agreement. It typically outlines what actions a secured party may take if certain conditions are met, such as default by the other party, including selling, holding, or otherwise dealing with the collateral. This clause ensures that both parties understand the procedures and limitations related to the collateral, thereby protecting the secured party’s interests and providing a clear framework for resolving issues related to the collateral.
Actions in respect of the Collateral. Notwithstanding Condition 14.1, at any time before the security interests constituted by this Security Agreement become enforceable, the Issuer may, without the sanction of an Extraordinary Resolution and without the prior written consent of the Trustee, take action in relation to the Collateral and exercise any rights incidental to the ownership of the Collateral in accordance with Clause 5.4 of the Trust Deed.