Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 6 contracts
Sources: Security Agreement (Ptek Holdings Inc), Security Agreement (School Specialty Inc), Security Agreement (School Specialty Inc)
Retention of Collateral. To the extent permitted under applicable lawLaw, in addition to the rights and remedies hereunder, upon the occurrence and continuance of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Security Agreement (Armstrong World Industries Inc), Security Agreement (Armstrong World Industries Inc), Security Agreement (Kraton Polymers LLC)
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence and during the continuation of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Abl Credit Agreement (Ardent Health Partners, LLC), Security Agreement (Pike Electric CORP), Security Agreement (Premiere Global Services, Inc.)
Retention of Collateral. To the extent permitted under applicable law, in In addition to the rights and remedies hereunder, upon the occurrence of an Event of DefaultDefault and during the continuation thereof, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Security Agreement (Capitalsource Inc), Credit Agreement (Rock-Tenn CO), Security Agreement (Capitalsource Inc)
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Credit Agreement (Greenway Medical Technologies Inc), Security Agreement (Greenway Medical Technologies Inc), Loan Agreement (Renal Care Group Inc)
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon Upon the occurrence and during the continuation of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and Section 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or to the extent the Collateral Agent is in possession of any of the Collateral, retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)
Retention of Collateral. To the extent permitted under applicable law, in In addition to the rights and remedies hereunder, the Collateral Agent may, upon the occurrence and during the continuation of an Event of Default, the Collateral Agent may, after providing the notices required by in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Security Agreement (Huron Consulting Group Inc.), Security Agreement (Huron Consulting Group Inc.)
Retention of Collateral. To the extent permitted under by applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of DefaultDefault and solely during the continuation thereof, the Collateral Agent may, after providing the notices required by in compliance with Sections 9-620 and 9-621 of the UCC (or any successor section) or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Guaranty and Security Agreement (Venus Concept Inc.), Guaranty and Security Agreement (Venus Concept Inc.)
Retention of Collateral. To the extent permitted under applicable law, in In addition to the rights and remedies hereunder, upon the occurrence of an Event of DefaultDefault and during the continuation thereof, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of the applicable law Laws of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Security Agreement (Dover Motorsports Inc), Security Agreement
Retention of Collateral. To the extent permitted under applicable lawLaw, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. To the extent permitted under applicable law, in In addition to the rights and remedies hereunder, upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may, after providing the notices and obtaining the consents required by Sections Section 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence and during the continuance of an Event of Default, the Collateral Agent Seller may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent Seller shall have provided such notices, however, the Collateral Agent Seller shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (Medcath Corp)
Retention of Collateral. To the extent permitted under applicable lawLaw, in addition to the all other rights and remedies hereunderof the Collateral Agent, upon the occurrence and during the continuance of an Event of Default, Default the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor section) or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Note Purchase Agreement (ArcLight Clean Transition Corp.)
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of DefaultDefault and during the continuation thereof, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Credit Agreement (Ticketmaster Entertainment, Inc.)
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of DefaultDefault and during the continuation thereof, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdictionjurisdiction accept or, accept or to the extent the Collateral Agent is in possession of any of the Collateral, retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon Upon the occurrence and during the continuance of an Event of DefaultDefault occurring simultaneously with or subsequent to the Collateral Effective Date, the Collateral Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdictionjurisdiction accept or, accept or to the extent the Collateral Agent is in possession of any of the Collateral, retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract