Common use of Security Rights Clause in Contracts

Security Rights. If an Event of Default shall occur and be continuing, the Lender may enforce any and all rights available to it by law or in equity pursuant to the Security Interest granted hereunder with respect to the Collateral. Without limiting the rights available to the Lender pursuant to the foregoing sentence, the Lender shall have all rights and remedies available to creditors under the Uniform Commercial Code, as in effect from time to time in the State of New York.