Common use of Actions Upon an Event of Default Clause in Contracts

Actions Upon an Event of Default. Upon the occurrence and during the continuance of an Event of Default and upon written request of the Required Lenders, the Administrative Agent shall be permitted and is hereby authorized to take any and all actions and to exercise any and all rights, remedies and options which it may have under the Security Documents, in each case, to the maximum extent permitted under Requirement of Law.

Actions Upon an Event of Default. Upon the occurrence and during the continuance of an Event of Default and upon written request of the Required Lenders, the Administrative Agent shall be permitted and is hereby authorized to take any and all actions and to exercise any and all rights, remedies and options which it may have under the Security Documents, in each case, to the maximum extent permitted under Requirement Requirements of Law.