Common use of Additional Rights of the Bank Clause in Contracts

Additional Rights of the Bank. (1) The Bank shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon and sell the Collateral or any part thereof pursuant to the judgment or decree of a court of competent jurisdiction.

Additional Rights of the Bank. (1a) The After the occurrence of an Event of Default, the Bank shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate reasonably necessary to protect and enforce the rights vested in it by this Security Agreement and may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon and sell the Collateral or any part thereof pursuant to the judgment or decree of a court of competent jurisdiction.