Powers of Assignee Sample Clauses

Powers of Assignee. Assignee, without waving any default, shall, at its option, have the complete right, power and authority: (i) to terminate the right and license granted to the Assignor hereunder and thereafter, without taking possession, demand, collect, receive, and ▇▇▇ for the rents and other sums payable under the Leases; and (ii) without regard to the adequacy of the security, with or without process of law, personally, by agent, by attorney, by the Assignee under the Deed of Trust, or by a receiver to be appointed by court, to enter upon, take, and maintain possession of and operate the Real Estate Collateral, or any part thereof, together with all documents, books, records, papers and accounts relating thereto; exclude the Assignor, its agents and employees, therefrom; and hold, operate, manage and control the Real Estate Collateral, or any part or parts thereof, as fully and to same extent as the Assignor could do if in possession, and, in such event, without limitation and at the expense of the Assignor, from time to time: (A) rent or lease the whole or any part or parts of the Real Estate Collateral for such term or terms and on such conditions as may seem proper to the Assignee, including leases for terms expiring beyond the maturity of the Obligations secured by the Loan Documents, and cancel any Lease for any cause or on any ground which would entitle Assignor to cancel the same; (B) demand, collect and receive from the tenant or tenants now or hereafter in possession of the Real Estate Collateral, or any part thereof, or from other Persons liable therefor, all of the rents and other revenues from such tenant or tenants or other Persons which may now be due and unpaid and which may hereafter become due; (C) institute and prosecute any and all suits for the collection of rents and all other revenues from the Real Estate Collateral which may now be due and unpaid and which may hereafter become due; institute and carry on all legal proceedings necessary for the protection of the Real Estate Collateral, including such proceedings as may be necessary to recover the possession of the whole or of any part thereof; institute and prosecute summary proceedings for the removal of any tenant or tenants or other Persons from the Real Estate Collateral; and pay the costs and expenses of all such suits and proceedings out of the rents and other revenues received; (D) maintain the Real Estate Collateral and keep the same in repair, and pay, out of the rents and other revenues...

Powers of Assignee. 10 7. Redemption..............................................

Powers of Assignee. The Assignor expressly intends to confer on the Assignees any and all powers that the Assignees deem necessary or expedient to carry out the purposes of this Assignment.

Powers of Assignee. 6.1 The Assignee shall, without prejudice to its other rights, powers and remedies hereunder, be entitled (but not bound) at any time, and as often as may be necessary, to take any such action as it may in its discretion think fit for the purpose of protecting or maintaining the security created by this Deed and all expenses attributable thereto shall be payable by the Assignor on demand.

Powers of Assignee. 6.1 The Assignee shall, without prejudice to its other rights, powers and remedies hereunder, be entitled (but not bound) at any time, and as often as may be necessary, to take any such action as it may in its discretion think fit for the purpose of protecting or maintaining the security created by this Deed and all expenses attributable thereto shall be payable by the Owner on demand. 6.2 Without prejudice to the generality of clause 6.1 and the powers and remedies vested in the Assignee by virtue of this Deed and the provisions of the Mortgage: (a) if the Owner fails to comply with the insurance provisions contained in the Mortgage, the Assignee shall become forthwith entitled (but not bound) to effect and thereafter maintain all such insurances on the Vessel as in its discretion it may think fit in order to procure the compliance with such provisions or alternatively, to require the Vessel (at the Owner's risk) to remain in, or to proceed to and remain in a port designated by the Assignee until such provisions are fully complied with; (b) at any time after the occurrence of an Event of Default the Assignee shall become forthwith entitled (but not bound): (i) to require that all policies, contracts, certificates of entry and other records relating to the Insurances (including details of and correspondence concerning outstanding claims) be delivered forthwith to such adjusters and/or brokers and/or other insurers as the Assignee may nominate; (ii) to collect, recover, compromise and give a good discharge for, all claims then outstanding or thereafter arising under or in respect of the Assigned Property or any part thereof, and to take over or institute (if necessary using the name of the Owner) all such proceedings in connection therewith as the Assignee in its absolute discretion thinks fit and, in the case of the Insurances, to permit any brokers through whom collection or recovery is effected to charge the usual brokerage therefor; (iii) to discharge, compound, release or compromise claims in respect of the Assigned Property or any part thereof which have given or may give rise to any charge or lien or other claim on the Vessel, the Assigned Property or any part thereof or which are or may be enforceable by proceedings against the Vessel, the Assigned Property or any part thereof; (iv) to recover from the Owner on demand all expenses incurred or paid by the Assignee in connection with the exercise of the powers (or any of them) referred to in this clau...