Right to Realize upon Collateral Clause Samples
The "Right to Realize upon Collateral" clause grants a lender or secured party the authority to take possession of and sell or otherwise dispose of collateral if the borrower defaults on their obligations. In practice, this means that if a borrower fails to repay a loan or breaches the terms of an agreement, the lender can seize assets such as property, equipment, or inventory that were pledged as security. This clause ensures that the lender has a clear legal pathway to recover the value of the loan, thereby reducing the risk of loss in the event of default.
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Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section 8.03 shall govern the Administrative Agent’s rights to realize upon the Collateral. The provisions of this Section 8.03 are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section shall govern Edge's (as defined in the Note) rights to realize upon the Collateral. The provisions of this Section are in addition to any rights and remedies available in law or equity. Upon any breach of the terms of the Note by the Company, it is agreed that Edge shall have the right to take any or all of the actions included in this Section at the same or different times.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section 8.4 shall govern Harcourt's right to realize upon the Collateral if any Payment Default shall have occurred. The provisions of this Section 8.4 are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section 2 shall govern the Secured Party’s rights to realize upon the Collateral if any default by the Company in respect of the Secured Obligations shall have occurred and be continuing (a “Default”). The provisions of this Section 2 are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section shall govern the Collateral Agent’s rights to realize upon the Collateral if the Collateral Agent has delivered a Notice of Exclusive Control (as defined in the Control Agreement). Such Notice of Exclusive Control shall be delivered by the Collateral Agent upon the Company’s failure to make any payment when due under the Executive Severance Policy, if such failure is not remedied within 30 days. The provisions of this Section are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. This Section 5 shall govern the Lender’s rights to realize upon the Collateral if any Event of Default shall have occurred and be continuing. The provisions of this Section 5 are in addition to any rights and remedies available at law or in equity and in DocuSign Envelope ID: C6CDDD63-18AD-42F6-A2DD-DF3451F80FDA
Right to Realize upon Collateral. The Sellers’ Representative shall have all the rights and remedies of a secured creditor under the Uniform Commercial Code and other applicable law.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived and subject to the rights of superior lien holders, this Section 2 shall govern the Collateral Agent's rights to realize upon the Collateral if any default by the Company in respect of the Secured Obligations shall have occurred and be continuing (a "Default"). The provisions of this Section 2 are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section shall govern the Lenders' rights to realize upon the Collateral. The provisions of this Section are in addition to any rights and remedies available at law or in equity.
Right to Realize upon Collateral. Except to the extent prohibited by applicable law that cannot be waived, this Section shall govern the Purchaser’s rights to realize upon the Collateral after the occurrence of an Event of Default (as defined in the Note Purchase Agreement). The provisions of this Section are in addition to any rights and remedies available at law or in equity.