Rights under the Contract. Until you receive a notice or instruction from the Collateral Agent to the contrary (an Enforcement Notice), we may exercise all our rights and powers under the Contract. After the Collateral Agent has delivered to you an Enforcement Notice, the Collateral Agent will have the exclusive right to exercise all of our rights and powers under the Contract. In particular, after the delivery of an Enforcement Notice, you are to pay all sums due under the Contract only as directed by the Collateral Agent. If there is a conflict between instructions you receive from us and instructions you receive from the Collateral Agent, you are to follow the Collateral Agent’s instructions.
Appears in 3 contracts
Sources: Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc)