Pledgor’s Obligations Upon Event of Default Sample Clauses

The "Pledgors’ Obligations Upon Event of Default" clause defines the specific actions and responsibilities that pledgors must fulfill if a default event occurs under the agreement. Typically, this clause requires the pledgors to immediately deliver collateral, provide access to relevant records, or take steps to assist the secured party in enforcing its rights. Its core practical function is to ensure that, in the event of default, the secured party can efficiently realize its security interest and minimize losses, thereby protecting the lender’s position and clarifying the pledgors’ duties during a default scenario.
Pledgor’s Obligations Upon Event of Default. Upon the request of the Collateral Agent after the occurrence and during the continuance of an Event of Default, each Pledgor will:
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Pledgor’s Obligations Upon Event of Default. Upon the request of the Collateral Agent after the occurrence and during the continuance of an Event of Default, each Pledgor will: (a) assemble and make available to the Collateral Agent the Collateral and all books and records relating thereto at any place or places specified by the Collateral Agent, whether at such Pledgor’s premises or elsewhere, and undertake each of the other obligations set forth in Section 9.1(a)(iv); and (b) permit the Collateral Agent, by the Collateral Agent’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay the Pledgor for such use and occupancy.
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Pledgor’s Obligations Upon Event of Default. Upon the request of Secured Party on and after the occurrence and during the continuation of an Event of Default:
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Pledgor’s Obligations Upon Event of Default. Upon the request of the Administrative Agent after the occurrence of an Event of Default, each Pledgor will: (a) assemble and make available to the Administrative Agent the Collateral and all books and records relating thereto at any place or places specified by the Administrative Agent, whether at such Pledgor’s premises or elsewhere, and undertake each of the other obligations set forth in Section 9.1(a)(iv); (b) permit the Administrative Agent, by the Administrative Agent’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay the Pledgor for such use and occupancy; (c) at its own expense, cause the independent certified public accountants then engaged by each Pledgor to prepare and deliver to the Administrative Agent and each Lender, at any time, and from time to time, promptly upon the Administrative Agent’s request, the following reports with respect to the applicable Pledgor: (i) a reconciliation of all Accounts; (ii) an aging of all Accounts; (iii) trial balances; and (iv) a test verification of such Accounts.
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Pledgor’s Obligations Upon Event of Default. If an Event of Default under the Trinidad Project Loan Agreement or the Trinidad Guarantee shall occur and be continuing (a) all payments received by the Pledgor under or in connection with any of the Collateral shall be held by the Pledgor in trust for the Collateral Agent, shall be segregated from other funds of the Pledgor and shall, forthwith upon receipt by the Pledgor, be turned over to the Collateral Agent or its designee in the same form as received by the Pledgor (duly endorsed by the Pledgor to the Collateral Agent, if requested), and (b) any and all such payments so received by the Collateral Agent or its designee (whether from the Pledgor or otherwise) may, in the sole discretion of the Collateral Agent or its designee, be held by the Collateral Agent or such designee as collateral security for, and/or then or at any time thereafter be applied, subject only to the relevant provisions of the Intercreditor Agreement and the Trinidad Depositary Agreement or as otherwise may be required by Applicable Law, in whole or in part by the Collateral Agent or its designee in the manner specified in SECTION 8.
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Pledgor’s Obligations Upon Event of Default. If an Event of Default shall occur and be continuing (i) all payments received by Pledgor under or in connection with any of the Collateral shall be held by Pledgor in trust for Agent, shall be segregated from other funds of Pledgor and shall, forthwith upon receipt by Pledgor, be turned over to Agent or its designee in the same form as received by Pledgor (duly endorsed by Pledgor to Agent, if requested), (ii) any and all such payments so received by Agent or its designee (whether from Pledgor or otherwise) may, in the sole discretion of Agent or its designee, be held by Agent or such designee as collateral security for, and/or then or at any time thereafter be applied, subject only to the relevant provisions of the Promissory Notes or as otherwise may be required by applicable law, in whole or in part by Agent or its designee in the manner specified in Section 8, unless otherwise agreed to by the Holders in a writing delivered to Agent upon notice to Pledgor, at any time Agent may register the Collateral in the name of Agent or its nominee as pledgee.
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Pledgor’s Obligations Upon Event of Default. Upon the request of the Lender during the continuance of an Event of Default, each Pledgor will: Assembly of Collateral. Assemble and make available to Lender the Collateral and all records relating thereto at any place or places specified by the Lender. Lender Access. Permit Lender, by the Lender’s representatives and agents, to enter any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral and to remove all or any part of the Collateral. WAIVERS, AMENDMENTS AND REMEDIES No delay or omission of Lender to exercise any right or remedy granted under this Agreement shall impair such right or remedy or be construed to be a waiver of any Event of Default, or an acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms, conditions or provisions of this Agreement whatsoever shall be valid unless in writing signed by Lender and each Pledgor and then only to the extent in such writing specifically set forth. All rights and remedies contained in this Agreement or by law afforded shall be cumulative and all shall be available to Lender until this Agreement has been terminated pursuant to Section 8.11. PROCEEDS
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Pledgor’s Obligations Upon Event of Default. Upon the request of the Administrative Agent after the occurrence and during the continuance of an Event of Default, Pledgor will assemble and make available to the Administrative Agent the Collateral and all books and records relating thereto at any place or places specified by the Administrative Agent, whether at Pledgor’s premises or elsewhere.
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Pledgor’s Obligations Upon Event of Default. Upon the request of Lender after the occurrence of an Event of Default, Pledgor will: (a) assemble and make available to Lender the Collateral and all books and records relating thereto at Pledgor’s premises; and (b) permit Lender, by Lender’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, and to remove all or any part of the Collateral or the books and records relating thereto, or both, without any obligation to pay Pledgor for such use and occupancy.
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Related to Pledgor’s Obligations Upon Event of Default

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents; provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.