Common use of Remedies; Obtaining the Collateral Upon Default Clause in Contracts

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the UCC in all relevant jurisdictions and may:

Appears in 1 contract

Sources: Credit Agreement (Fairpoint Communications Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable lawlaw and under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the UCC laws in effect in all relevant jurisdictions and and, subject to the provisions of the Intercreditor Agreement, may:

Appears in 1 contract

Sources: Credit Agreement (Dole Food Co Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the UCC Uniform Commercial Code in all relevant jurisdictions and maymay take each of the following actions, each of which such Assignor agrees to be commercially reasonable:

Appears in 1 contract

Sources: Credit Agreement (Sky Chefs Argentine Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of a Specified Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the UCC in all relevant jurisdictions and may:

Appears in 1 contract

Sources: Credit Agreement (Alliance Gaming Corp)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the UCC laws in effect, in all relevant jurisdictions and may:

Appears in 1 contract

Sources: Credit Agreement (Marathon Power Technologies Co)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Administrative Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the UCC laws in effect, in all relevant jurisdictions and may:

Appears in 1 contract

Sources: Credit Agreement (Doubletree Corp)