After an Event Sample Clauses

After an Event of Default has occurred and after expiration of any cure period, Borrower authorizes Bank without affecting Borrower's obligations hereunder or under any other Loan Document from time to time (i) to take from any party and hold additional Collateral or guaranties for the payment of the Indebtedness or any part thereof, and to exchange, enforce or release such collateral or guaranty of payment of the Indebtedness or any part thereof and to release or substitute any endorser or guarantor or any party who has given any security interest in any collateral as security for the payment of the Indebtedness or any part thereof or any party in any way obligated to pay the Indebtedness or any part thereof; and (ii) upon the occurrence of any Event of Default to direct the manner of the disposition of the Collateral and the enforcement of any endorsements, guaranties, letters of credit or other security relating to the Indebtedness or any part thereof as Bank in its sole discretion may determine.

After an Event of Default, Agent or its designee are entitled to service and receive and collect all sums payable to the Borrower in respect of the Collateral, and in such case (1) Agent or its designee in its discretion may, in its own name, in the name of the Borrower or otherwise, demand, ▇▇▇ for, collect or receive any money or property at any time payable or receivable on account of or in exchange for any of the Collateral, but Agent has no obligation to do so, (2) the Borrower must, if Agent requests it to do so, hold in trust for the benefit of Agent and immediately pay to Agent at its office designated by Notice, all amounts received by the Borrower upon or in respect of any of the Collateral, advising Agent as to the source of such funds and (3) all amounts so received and collected by Agent will be held by it as part of the Collateral for the ratable benefit of the Lenders.

After an Event of Default and with the written consent of Landlord, Tenant shall pay to Lender a sum (called "Funds") equal to one-twelfth of the yearly payments for Impositions and insurance on the Property, as may be reasonably estimated by Lender, together with the monthly payments to be made under the Note. The Funds paid to Lender shall be used to make the specified payments and as additional security for the Secured Obligations.

After an Event of Default has occurred and is continuing and in connection with the exercise of its rights, powers, discretions and remedies under Clause 9 or otherwise as mortgagee of the Vessel, the Mortgagee shall have power to buy in, rescind or vary any contract for sale of the Vessel and generally to do all things in connection with the sale of the Vessel as it shall think fit.

After an Event of Default shall have occurred and is continuing and following a notice being issued by the Collateral Agent in accordance with clause 6 below, any powers attaching to the CPECs shall be exercised by the Pledgee in such manner as he sees fit subject to complying with any applicable formalities provided for by law. For the avoidance of doubt, the Pledgee shall have the right following the occurrence and continuation of an Event of Default to act as the Pledgor's irrevocable proxy and for as long as there are any Secured Obligations outstanding, to represent the Pledgor at any CPECs holder's meeting and exercise the voting rights in any manner the Pledgee reasonably deems fit for the purpose of protecting or enforcing the rights of the Pledgee hereunder. The Pledgor shall do whatever is necessary in order to ensure that the exercise of the voting rights in these circumstances is facilitated and becomes possible for the Pledgee, including but not limited to the issuance of a written proxy in any form required by applicable law.

After an Event of Default shall occur and be continuing, Lender without notice to or demand on Borrower may, but is not obliged to, make any payments and do any acts that Lender may consider necessary to protect Lender's security interest in the Collateral, and Borrower hereby authorizes Lender to take possession of any or all of the Collateral and to pay, purchase, contest and compromise any encumbrance, charge or lien that in the reasonable judgment of Lender is or may be prior or superior to Lender's security interest.

After an Event of Default occurs in relation to any party, the other party may, without prejudice to its other rights and remedies, terminate this Agreement by giving notice in writing to the defaulting party; provided, however, that if the Defaulting Party objects to such notice within 14 days, this agreement may be terminated only upon the final decision of an arbitrator in accordance with clause 24.

After an Event of Default occurs and for so long as such an Event of Default is continuing, Agent on behalf of the Lender Group shall be entitled to: 4.2.3.1 receive and retain all dividends, distributions and other monies paid on the Charged Property; and 4.2.3.2 exercise or direct the exercise of the voting rights attached to any of the Charged Property in such manner as it considers fit. The Chargor shall after such time: 4.2.3.2.1 comply, or procure the compliance, with any directions of Agent in respect of the exercise of the voting rights attached to such Investments; and 4.2.3.2.2 if Agent so requires by notice to the Chargor, immediately deliver to Agent a form of proxy or other authority (in each case, in such form as Agent shall reasonably require) appointing such person as Agent shall select as proxy of the Chargor or, as the case may be, its nominee or otherwise enabling such person as Agent shall select to exercise such voting rights as shall be specified (whether generally or specifically) in the relevant notice.