Rights on Event of Default Sample Clauses

Rights on Event of Default. 33.1 Upon occurrence of an unspecified Event of Default, we may specify a date for the termination of any or all outstanding Transactions by notice to you. 33.2 The occurrence of an Event of Default of a type specified under section 32 above will result in the automatic termination of all outstanding Transactions. If any or all outstanding Transactions are terminated pursuant to the forgoing, we will be entitled, without prior notice to you and without limitation of any other rights or remedies we may have under this Agreement or otherwise, to take any or all of the following actions: 33.2.1 instead of returning to you assets equivalent to those credited to your account, to pay to you the fair market value of such assets at the time such termination is effective; 33.2.2 to Sell or otherwise liquidate, or to cause to be sold or otherwise liquidated, any or all of your collateral (whether or not constituting Margin) in our possession or in the of any nominee or third party appointed under or in connection with this Agreement, including but not limited to one of our Group Companies, in each case as we may in our sole and absolute discretion select and at such price or prices, at such time or times and in such manner as we in our sole and absolute discretion think fit (without being responsible for any diminution in price or other loss), in order to realise funds sufficient to cover any amount due by you to us, including any and all costs related to the sale or other liquidation, which will be borne by you; 33.2.3 to treat any or all Transactions then outstanding as having been repudiated by you, to close out, replace or reverse any or all such Transactions, to Buy, Sell, borrow or lend any underlying asset, to enter into any other Transaction or to take, or refrain from taking, such other action, all at such price or prices, at such time or times and in such manner as we in our sole and absolute discretion consider necessary or appropriate to cover, reduce or eliminate our actual or potential loss or liability under or related to any of your contracts, positions or commitments; 33.2.4 to make a claim under, enforce, or exercise any other right or remedy under or in connection with, any Credit Support Document; to enforce any charge, security interest or lien created or otherwise contemplated by this Agreement or to exercise our right of set- off provided in this Agreement or any other right of set-off or similar right we may have, whether as a matter of contr...

Rights on Event of Default. If an Event of Default has occurred and is continuing, then and in every such case the Security Interests of each Debtor shall become enforceable and the Creditor, in addition to any rights now or hereafter existing under applicable Law may, personally or by agent, at such time or times as the Creditor in its discretion may determine, do any one or more of the following:

Rights on Event of Default. If an Event of Default has occurred and is continuing, then and in every such case all of the Secured Liabilities shall, at the option of the Administrative Agent, become immediately due and payable and the Security Interests shall become enforceable and the Administrative Agent, in addition to any rights now or hereafter existing under applicable Law may, personally or by agent, at such time or times as the Administrative Agent in its discretion may determine, do any one or more of the following:

Rights on Event of Default. At any time after the occurrence of an Event of Default and while the same is continuing (and in addition and without prejudice to any other rights of the Agents or the Lenders): (i) the Facility Agent may and shall if so directed by the Majority Lenders by notice in writing to the Borrower declare that the Loan and all other amounts outstanding from the Borrower under this Agreement and/or the Security Documents are immediately due and payable and such declaration shall be effective from the date of such occurrence or such other later date as the Facility Agent may specify in the said notice, and (at the same time as or at any time subsequent to the service of such notice and the same shall be immediately due and payable and the Lenders' obligation to make available or to continue to make available the Facilities, or any part thereof, to the Borrower shall immediately cease); and/or (ii) either of the Agents or any of the Lenders may terminate or otherwise rearrange (at the discretion of such Agents or Lenders) any interest rate or currency swap, hedging or other currency or interest rate management agreement or arrangements which the Agents or any of the Lenders may have taken out or entered into in relation to the Loan or any part thereof.

Rights on Event of Default. Notwithstanding anything in this Agreement to the contrary, upon the occurrence and during the continuance of an Event of Default, Administrative Agent, at its option, may from time to time, without notice to Borrower (except as may be required by applicable law), withdraw all of the Cash Management Reserve Funds (including, without limitation, all funds in the Excess Cash Flow Account) and apply such funds to payment of the Indebtedness in the order and amounts provided for in Section 11.4. Administrative Agent’s right to withdraw and apply such funds shall be in addition to all other rights and remedies provided to Administrative Agent on behalf of the Lenders under the Loan Documents or applicable law.

Rights on Event of Default. 7.1.1. Upon the occurrence of any Event of Default, the Bank shall have the right, upon notice to the Company, (except that upon the occurrence of an Event of Default under Section 8(h) or 8(i) of the Loan Agreement, no notice shall be required) to declare the Obligations immediately due and payable and may, without demand of performance or other demand, advertisement or notice of any kind to or upon the Company or any other Person (all and each of which demands, advertisements and/or notices are hereby expressly waived), forthwith exercise such rights and remedies as are provided by the UCC and such other rights and remedies in respect thereof as it may have at law or in equity or under any of the Loan Documents, including without limitation the right to enter any premises where any of the Collateral is located and take - 9 - 105 possession of the same without demand or notice and without prior judicial hearing or legal proceedings, which the Company hereby expressly waives, and to sell all or any portion of the Collateral at public or private sale, without prior notice to the Company except as otherwise required by law (and, if notice is required by law, after 10 days prior written notice), at such place or places and at such time or times and in such manner and upon such terms, whether for cash or on credit, as the Bank in its sole discretion may determine. Upon any such sale of any of the Collateral, the Bank may purchase all or any of the Collateral being sold, free from any equity or right of redemption. The Bank shall apply the proceeds of any such sale as provided in Section 6. If such proceeds are insufficient to pay the amounts required by law, the Company shall be liable for any deficiency in the amount so realized from the Collateral. 7.1.2. The Company shall promptly pay or reimburse all costs and expenses of the Bank and any participating Persons, as such Persons are contemplated by Section 9 of the Loan Agreement, including, but not limited to, attorneys' fees, incurred with respect to the enforcement or preservation of any of the Bank's rights hereunder. 7.1.3. Except as otherwise provided in this Agreement, the Company hereby waives presentment, demand, protest or any notice (to the extent permitted by applicable law) of any kind in connection with this Agreement or any Collateral. 7.1.4. The Bank shall not incur any liability as a result of the sale of any Collateral, or any part thereof, at any private sale conducted in a commercially re...

Rights on Event of Default. 1Upon occurrence of an unspecified Event of Default, we may specify a date for the termination of any or all outstanding Transactions by notice to you.

Rights on Event of Default. (a) After the occurrence and during the continuation of an Event of Default, in addition to and without limiting any rights Lender may have under any agreement, document or instrument evidencing or representing any obligation of Debtor to Lender or executed in connection with any such obligation, Lender is hereby authorized to declare any or all of the Obligations to be immediately due and payable, and the rights and remedies of Lender with respect to the Collateral shall be as set forth herein, in the UCC and as otherwise available under applicable law. (b) After the occurrence and during the continuation of an Event of Default, Lender may, without demand, advertising or notice, all of which Debtor hereby waives (except as the same may be required by law), sell, lease, license, dispose of, deliver and grant options to a third party to purchase, lease or otherwise dispose of any and all Collateral held by it or for its account at any time or times in one or more public or private sales or other dispositions, for cash, on credit or otherwise, as such prices and upon such terms as Lender, in its sole discretion, deems advisable. All requirements of reasonable notice under this section shall be met if such notice is mailed, postage prepaid, to Debtor at its address set forth herein or such other address as Debtor may have provided to Lender, in a Record, at least ten (10) days before the time of such sale or disposition. Lender may, if it deems it reasonable, postpone or adjourn any sale of any Collateral from time to time by an announcement at the time and place of the sale to be so postponed or adjourned without being required to give a new notice of sale, provided, however, that Lender shall provide Debtor with written notice of the time and place of such postponed or adjourned sale. Lender may be the purchaser at any such sale, and payment may be made, in whole or in part, in respect of such purchase price by the application of Obligations due from Debtor to Lender. Debtor shall be obligated for, and the proceeds of sale shall be applied first to, the costs of retaking, refurbishing, storing, guarding, insuring, preparing for sale, and selling the Collateral, including the fees and disbursements of attorneys, auctioneers, appraisers, consultants and accountants employed by Lender. Proceeds from the Sale or other disposition or Collateral shall be applied to the payment, in whatever order Lender may elect, of all Obligations of Debtor. Lender shall return ...

Rights on Event of Default. Upon the occurrence of an Event of Default, Quick may, without notice or demand, do any or all of the following: (a) Declare all unpaid sums hereunder to be immediately due and payable. (b) Stop providing consulting services for credit support for Customer's benefit under this Agreement or under any other agreement between Customer and Quick and terminate this Agreement.