Common use of Enforcement of Security Interest Clause in Contracts

Enforcement of Security Interest. Upon the occurrence of an Event of Default, as defined in Article 10 of this Agreement, the Lender may, in addition to other remedies, enforce its security interest in the collateral including but not limited to selling the pledged assets, foreclosing on real property, or collecting accounts receivable.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement