Common use of Occurrence of Default Clause in Contracts

Occurrence of Default. Upon the occurrence and during --------------------- the continuance of a Default pursuant to Section 14.1.3 of the Credit Agreement -------------- or any Event of Default, the Agent may exercise from time to time any rights and remedies available to it under the Uniform Commercial Code as in effect from time to time in New York or otherwise available to it, including, without limitation, sale, assignment, or other disposal of the Collateral in exchange for cash or credit. If any notification of intended disposition of any of the Collateral is required by law, such notification, if sent by certified mail, shall be deemed reasonably and properly given if mailed at least ten (10) days before such disposition, postage prepaid, addressed to the Pledgor at the address of the Pledgor shown below, or at any other addresses of the Pledgor appearing on the records of the Agent. Any proceeds of any disposition of Collateral shall be applied as provided in Section 9 hereof. --------- No rights and remedies of the Agent expressed hereunder are intended to be exclusive of any other right or remedy, but every such right or remedy shall be cumulative and shall be in addition to all other rights and remedies herein conferred, or conferred upon the Agent under any other agreement or instrument relating to any of the Liabilities or security therefor or now or hereafter existing at law or in equity or by statute. No delay on the part of the Agent in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. No action of the Agent permitted hereunder shall impair or affect the rights of the Agent in and to the Collateral.

Occurrence of Default. Upon the occurrence and during --------------------- the continuance of a Default pursuant with respect to Section 14.1.3 9.01(f) or (g) of the Credit Agreement -------------- or any an Event of Default, and notwithstanding any provision contained herein to the contrary, subject to the Applicable Insurance Code, the Collateral Agent may exercise from time to time any rights and remedies available to it under the Uniform Commercial Code as in effect from time to time in New York Illinois or otherwise available to it, including, without limitation, sale, assignment, or other disposal of the Collateral in exchange for cash or credit. If any notification of intended disposition of any of the Collateral is required by law, such notification, if sent by certified mailmailed, shall be deemed reasonably and properly given if mailed at least ten (10) days before such disposition, postage prepaid, addressed to the Pledgor either at the address of the Pledgor shown below, or at any other addresses address of the Pledgor appearing on the records of the Collateral Agent. Any proceeds of any disposition of Collateral shall be applied as provided in Section 9 hereof. --------- No rights and remedies of the Collateral Agent expressed hereunder are intended to be exclusive of any other right or remedy, but every such right or remedy shall be cumulative and shall be in addition to all other rights and remedies herein conferred, or conferred upon the Collateral Agent under any other agreement or instrument relating to any of the Liabilities or security therefor or now or hereafter existing at law or in equity or by statute. No delay on the part of the Collateral Agent in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Collateral Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. No action of the Collateral Agent permitted hereunder shall impair or affect the rights of the Collateral Agent in and to the Collateral.

Occurrence of Default. Upon the occurrence and during --------------------- the continuance of a Default pursuant with respect to Section 14.1.3 9.01(f) of the Credit Agreement -------------- or any an Event of Default, and notwithstanding any provision contained herein to the contrary, subject to the requirements of the Applicable Insurance Code and the terms of the Intercreditor Agreement, the Collateral Agent may exercise from time to time any rights and remedies available to it under the Uniform Commercial Code as in effect from time to time in New York Illinois or otherwise available to it, including, without limitation, sale, assignment, or other disposal of the Collateral in exchange for cash or credit. If any notification of intended disposition of any of the Collateral is required by law, such notification, if sent by certified mailmailed, shall be deemed reasonably and properly given if mailed at least ten (10) days before such disposition, postage prepaid, addressed to the Pledgor either at the address of the Pledgor shown below, or at any other addresses address of the Pledgor appearing on the records of the Collateral Agent. Any Subject to the terms of the Intercreditor Agreement, any proceeds of any disposition of Collateral shall be applied as provided in Section 9 hereof. --------- No rights and remedies of the Collateral Agent expressed hereunder are intended to be exclusive of any other right or remedy, but every such right or remedy shall be cumulative and shall be in addition to all other rights and remedies herein conferred, or conferred upon the Collateral Agent under any other agreement or instrument relating to any of the Liabilities or security therefor or now or hereafter existing at law or in equity or by statute. No delay on the part of the Collateral Agent in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Collateral Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. No action of the Collateral Agent permitted hereunder shall impair or affect the rights of the Collateral Agent in and to the Collateral.