Rights and Remedies of the Lender Clause Samples

Rights and Remedies of the Lender. In the event that, coincident with or subsequent to the occurrence of, and during the continuance of, a DEFAULT or an EVENT OF DEFAULT, the LENDER becomes aware of the possibility of a draw, or enforcement of the LENDER’S obligations, under a LETTER OF CREDIT, the LENDER, at its option, may, but shall not be required to, pay the obligations to the beneficiary or holder of such LETTER OF CREDIT directly to such beneficiary or holder, and, in such event, the amount of any such payment made by the LENDER shall be treated for all purposes and shall have the same force and effect as if such amount had been loaned by the LENDER to the BORROWERS as an advance of proceeds of the LOAN, shall be secured by all of the COLLATERAL and shall bear interest and be payable at the same rate (including the default rate of interest) and in the same manner as the LOAN. If any LETTER OF CREDIT is drawn upon to discharge any obligation of any of the BORROWERS to the beneficiary of such LETTER OF CREDIT, in whole or in part, the LENDER shall be fully subrogated to the rights of such beneficiary with respect to the obligations owed by such BORROWER to such beneficiary discharged with the proceeds of the LETTER OF CREDIT.

Rights and Remedies of the Lender. Upon the occurrence of any Event of Default, the Lender may, at its option, exercise any one or more of the following rights and remedies: a. declare this Agreement and the Lender's obligation to make the Revolving Loan or Term Loan to be terminated, and declare the entire unpaid principal amounts of the Revolving Loan and Term Loan, all interest accrued and unpaid thereon, and all other amounts payable under this Agreement and the other Loan Documents to be accelerated, and to be immediately due and payable (except that upon the occurrence of an Event of Default described in Sections 9.1(e) or 9.1(f), such acceleration shall occur automatically and immediately without any declaration or other action on the part of the Lender) whereupon the Revolving Loan and Term Loan, all such accrued interest, and all such amounts shall become and be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Borrower, anything contained herein or in any of the other Loan Documents to the contrary notwithstanding; b. take possession or control of, store, lease, operate, manage, sell or otherwise dispose of all or any part of the Collateral in accordance with the remedies provided to secured parties under the Uniform Commercial Code, this Agreement or other applicable law; c. notify any or all Customers to make any Payments due to Borrower from such Customers directly to the Lender. To facilitate direct collection, Borrower hereby appoints the Lender and any officer or employee of the Lender, as the Lender may from time to time designate, as attorney-in-fact for Borrower to (i) receive, open and dispose of all mail addressed to Borrower and take therefrom any Payments on or proceeds of Accounts; (ii) take over Borrower's post office boxes or make such other arrangements, in which Borrower shall cooperate, to receive Borrower's mail, including notifying the post office authorities to change the address for delivery of mail addressed to Borrower to such address as the Lender shall designate; (iii) endorse the name of Borrower in favor of the Lender upon any and all checks, drafts, money orders, notes, acceptances or other evidences of payment or Collateral that may come into the Lender's possession; (iv) sign and endorse the name of Borrower on any invoice or bill of lading relating to any of the Accounts, on verifications of ▇▇▇▇unts sent to any Customer, to drafts against any Customer, to as...

Rights and Remedies of the Lender. Upon the occurrence of an Event of Default, the Lender may, subject to: (i) thirty (30) days prior written notice during which time Borrower shall have the opportunity to cure said Event of Default except with respect to Obligations pursuant to 8(b), 8(f) and 8(g) above which shall require no notice or demand and shall have no period to cure; and (ii) compliance, if required, with the rules and regulations of the FCC and any state public service or utilities commission having jurisdiction; exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to all rights and remedies available to the Lender under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently: (a) Declare all unpaid principal outstanding on the Note, all accrued and unpaid interest thereon, and all other Obligations to be immediately due and payable and the same shall thereupon become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived. (b) Institute any proceeding or proceedings to enforce the Obligations owed to, or any Liens in favor of the Lender. (c) Pursue all rights and remedies available to the Lender that are contemplated by the Mortgage in the manner, upon the conditions, and with the effect provided in the Mortgage, including but not limited to a suit for specific performance, injunctive relief or damages. (d) Pursue any other rights and remedies available to the Lender at law or in equity.

Rights and Remedies of the Lender. Upon the occurrence of an Event of Default, the Lender may, subject to:

Rights and Remedies of the Lender. 15.1 On the happening of any of the Events of Default, the Lender may, by a notice in writing to the Borrower and without prejudice to the rights and remedies available to the Lender under this Agreement or otherwise: i) call upon the Borrower to pay all the Outstanding Dues in respect of the Facility and otherwise; and

Rights and Remedies of the Lender. The Agent’s and Lenders’ rights and remedies arising under and contained in this Agreement shall be separate, distinct and cumulative and none of them shall be in exclusion of the other; all remedies arising under or contained in this Agreement shall be in addition to every other remedy now or hereafter existing at law, in equity, by statute or under the Loan Documents; neither any course of dealing by the Agent or Lenders nor any failure or delay on its part to exercise any right, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege preclude any other or further exercise thereof or the exercise of any other right or privilege.

Rights and Remedies of the Lender. Upon the occurrence of an Event of Default, the Lender may exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to all rights and remedies available to the Lender under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently: (i) Declare all unpaid principal outstanding on the Note, all accrued and unpaid interest thereon, and all other Obligations to be immediately due and payable and the same shall thereupon become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived. (ii) Institute any proceeding or proceedings to enforce the Obligations owed to, or any Liens in favor of, the Lender. (iii) Pursue all rights and remedies available to the Lender that are contemplated by the Loan Documents in the manner, upon the conditions, and with the effect provided in the Loan Documents, including but not limited to a suit for specific performance, injunctive relief or damages. (iv) Pursue any other rights and remedies available to the Lender at law or in equity.

Rights and Remedies of the Lender. ਲਲਲਲਲਲਲਲ ਲਲ ਲਲਲਲਲਲ ਲਲਲ ਲਲਲਲ 8.1 If one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. ਅਅ ਅਅਅਅਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅਅ ਅਅਅਅਅਅਅ ਅਅ, ਅਅਅ, ਅਅਅਅਅਅਅਅ, ਅਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅ, ਅਅਅਅਅ 'ਅਅ ਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅ ਅਅ ਅਅ ਅਅਅਅਅਅਅਅਅ ਅਅਅ/ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅਅ ਅਅ ਅਅ ਅਅਅਅਅਅ ਅਅਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅ, ਅਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅਅ ਅਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅਅਅ, ਅਅਅ ਅਅਅ ਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅ 'ਅਅ ਅਅ ਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅਅਅ ਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ, ਅਅਅਅਅ ਅਅ ਅਅਅਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅਅਅਅ ਅਅਅਅ ਅਅ ਅਅ ਅਅਅ ਅਅਅ ਅਅ ਅਅਅਅਅ 8.2 Fedfina shall have the right to enter upon and take possession of the property and to transfer and/or deal with the property by the way of Lease/Leave and License/sale or otherwise as per its sole and exclusive discretion. Fedfina ਅਅਅ ਅਅਅਅਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅ ਅਅਅਅ/ਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅ/ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅ/ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅ ਅਅਅਅਅਅ ਅਅਅਅਅਅਅ 8.3 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an “Event of Default” shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. ਅਅ ਅਅਅਅਅਅ ਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅ ਅਅਅਅ, ਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅ, "ਅਅਅਅਅਅ ਅਅ ਅਅਅਅ" ਅਅ ਅਅਅਅਅ ਅਅ, ਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅਅਅਅਅਅ ਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅ ਅਅ ਅਅਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ ਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ ਅਅ ਅਅਅਅਅ ਅਅਅਅ, ਅਅਅ ਅਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅ ਅਅਅਅਅਅਅ 8.4 All reasonable costs incurred by Lender after an Event of Default has occurred in connection with: ਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅਅਅਅ ਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅਅਅ ਅਅਅਅਅ ਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅ ਅਅਅਅਅਅ ਅਅ ਅਅਅਅ ਅਅਅਅ ਅਅਅਅਅਅ ਅਅ: i. Preservation of the Borrower's Property (whether now or hereafter existing...

Rights and Remedies of the Lender. Upon the occurrence of any Event of Default, the Lender may, at its option, exercise any one or more of the rights and remedies exercisable by the Lender under other provisions of this Agreement, under any of the other Loan Documents, or provided by applicable law. Without limiting the foregoing, upon the occurrence of (i) an Event of Default due to a breach of Section 6.12 of this Agreement, the Lender may, at its option, adjust the applicable interest rate under the Revolving Note and/or fees due and payable by Borrower under this Agreement or any other Loan Document to maintain Lender’s required rate of return, or (ii) any Event of Default, the Lender may, at its option, declare this Agreement and the Lender’s obligation to make or extend any Advances on the Revolving Loan or issue Letters of Credit to be terminated, require Borrower to provide cash collateral in an amount equal to the LOC Obligations and declare the entire unpaid principal amounts of the Revolving Loan, all interest accrued and unpaid thereon, and all other amounts payable under this Agreement and the other Loan Documents to be accelerated, and to be immediately due and payable (except that upon the occurrence of an Event of Default under Section 9.1(e) or Section 9.1(f), such acceleration shall occur automatically and immediately without any declaration or other action on the part of the Lender) whereupon the Lender’s obligation to make or extend any Advances on the Revolving Loan or issue Letters of Credit shall be automatically terminated, all such accrued interest and all such other amounts shall become and be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any of the other Loan Documents to the contrary notwithstanding.