Common use of Retention of Collateral Clause in Contracts

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, in compliance with 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 the Collateral in satisfaction of the Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, may retain all or a portion of the Collateral in compliance with satisfaction of the Obligations but only after providing the notices required by Sections 9-620 and 9-621 (or similar provision) of the UCC (or any successor sections of the UCC) and otherwise complying with the requirements of applicable Law law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Obligations. Unless and until the Secured Party shall have provided such noticesnotices and complied with all applicable legal requirements, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying in compliance with the requirements of applicable Law law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Secured Party may, in compliance with Sections 9-620 and 9-621 of after providing the notices required by the UCC or otherwise complying with the requirements of applicable Law law of the relevant jurisdictionjurisdiction (including the UCC), accept retain all or retain any portion of the Collateral in full satisfaction of the Secured Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with and the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdictionUCC, propose to accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Secured Party shall have provided the notices required by such noticesprovisions, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the Secured Party may, in compliance with Sections after providing the notices required by Section 9-620 and 9-621 620(a) of the UCC or otherwise complying with the requirements any requirement of applicable Law of the relevant jurisdictionLaws, accept or retain the Collateral or any part thereof in full or partial satisfaction of the Secured Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

Retention of Collateral. In addition to the rights and remedies hereunder, the The Secured Party may, in compliance with Sections after providing the notices required by Section 9-620 and 9-621 620(a) of the UCC or otherwise complying with the requirements any requirement of applicable Law of the relevant jurisdictionlaw, accept or retain the Collateral or any part thereof in satisfaction of the Secured Obligations. Unless and until the Secured Party shall have provided such notices, however, the Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.