Common use of Agent’s Right to Perform Contracts, Exercise Rights, etc Clause in Contracts

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall have the right to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of Agent’s rights hereunder (to the extent that the Grantors are not prohibited by the express terms of such Intellectual Property Licenses from sublicensing their rights thereunder), including the right to prepare for sale and sell any and all Inventory, Farm Products and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Equity Interests that are pledged hereunder be registered in the name of Agent or any of its nominees.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall have the right to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of Agent’s rights hereunder (to the extent that the Grantors are not prohibited by the express terms of such Intellectual Property Licenses from sublicensing their rights thereunder), including the right to prepare for sale and sell any and all Inventory, Farm Products Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Equity Interests that are pledged hereunder be registered in the name of Agent or any of its nominees.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may may, to the extent permitted by law, proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement constituting Collateral and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall shall, to the extent permitted by law, have the right (subject to Section 16(b)) to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of Agent’s rights hereunder (to the extent that the Grantors are not prohibited by the express terms of such Intellectual Property Licenses from sublicensing their rights thereunder)hereunder, including the right to prepare for sale and sell any and all Inventory, Farm Products Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Equity Interests Capital Stock that are pledged hereunder be registered in the name of Agent or any of its nominees.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, to the extent permitted by applicable law, Agent (or its designee) (a) may proceed (but shall not be obligated) to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement that constitutes Collateral and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall have the right (subject to Section 17(b)) (but not the obligation) to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of Agent’s rights hereunder (to the extent that the Grantors are not prohibited by the express terms of such Intellectual Property Licenses from sublicensing their rights thereunder)hereunder, including the right to prepare for sale and sell any and all Inventory, Farm Products Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right (but not the obligation) to request that any Equity Interests that are pledged hereunder be registered in the name of Agent or any of its nominees.

Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may may, to the extent not prohibited by law, proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall shall, to the extent not prohibited by law, have the right (subject to Section 17(b)) to use any Grantor’s 's rights under Intellectual Property Licenses in connection with the enforcement of Agent’s 's rights hereunder (to the extent that the Grantors are not prohibited by the express terms of such Intellectual Property Licenses from sublicensing their rights thereunder)hereunder, including the right to prepare for sale and sell any and all Inventory, Farm Products Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Equity Interests that are pledged hereunder be registered in the name of Agent or any of its nominees.