Certain Rights Regarding Collateral and Liabilities. (a) The Company may from time to time, whether before or after any of the Liabilities shall become due and payable, without notice to the Trust, to the extent otherwise permitted (i) retain or obtain a security interest in the Collateral, to secure payment and performance of any of the Liabilities, (ii) retain or obtain the primary or secondary liability of any party or parties, in addition to the Trust, with respect to any of the Liabilities, (iii) extend or renew for any period (whether or not longer than the original period) or exchange any of the Liabilities or release or compromise any obligation of any nature of any party with respect thereto, and (iv) surrender, release or exchange all or any part of any property, in addition to the Collateral, securing payment and performance of any of the Liabilities, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect to any such property.
Certain Rights Regarding Collateral and Liabilities. (a) The Pledgee shall not be liable for its failure to collect or realize upon the Liabilities or any collateral, security or guaranty therefor, or any part thereof, or for any delay in so doing, nor shall the Pledgee be under any obligation to take any action whatsoever with respect thereto.
Certain Rights Regarding Collateral and Liabilities. The Pledgees shall not be liable for their failure to collect or realize upon the Liabilities or any collateral, security or guaranty therefor, or any part thereof, or for any delay in so doing, nor shall the Pledgees be under any obligation to take any action whatsoever with respect thereto. The Pledgees may from time to time, after any portion of the Liabilities shall become due and payable, upon ten (10) days prior written notice to the Pledgor, (i) transfer all or any part of the Collateral into the name of the Pledgees or their nominees, (ii) enforce collection of any of the Collateral, and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect thereto, (iii) resort to the Collateral for payment of any portion of the Liabilities whether or not it shall have resorted to any other property securing payment of any portion of the Liabilities or shall have proceeded against any party primarily or secondarily liable on any portion of the Liabilities and (iv) take control of any proceeds of the Collateral.
Certain Rights Regarding Collateral and Liabilities. (a) Subject to Sections 5(c) and 6 hereof the Administrative Agent may, and upon the request of the Required Banks shall, from time to time, after the occurrence and during the continuance of a Default pursuant to Section 10.1.2 of the Credit Agreement as a Pledgor or an Event of Default as to such Pledgor, without notice to such Pledgor, (i) transfer all or any part of the Collateral pledged by such Pledgor into the name of the Administrative Agent or its nominee or sub-agent, with or without disclosing that such Collateral is subject to the Lien hereunder, (ii) notify any Person obligated on any of the Collateral of such Pledgor to make payment to the Administrative Agent of any amounts due or to become due thereunder, and (iii) enforce collection of any of the Collateral pledged by such Pledgor by suit or otherwise.
Certain Rights Regarding Collateral and Liabilities. (a) Subject to Sections 6(c) and 7 hereof, Lender may from time to time after the occurrence of any Default (as defined in Section 8 hereof) without notice to Pledgor (i) transfer all or any part of the Collateral into the name of Lender or its nominee, with or without disclosing that such Collateral is subject to the lien and security interest hereunder, (ii) notify the parties obligated on any of the Collateral to make payment to Lender of any amounts due or to become due thereunder, (iii) enforce collection of any of the Collateral by suit or otherwise, and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect thereto, and (iv) take control of any proceeds of the Collateral.
Certain Rights Regarding Collateral and Liabilities. Lender may from time to time, after the occurrence and during the continuance of an Event of Default, take all or any of the following actions: (a) transfer all or any part of the Collateral into the name of Lender or its nominee, with or without disclosing that such Collateral is subject to the lien and security interest hereunder, (b) notify the parties obligated on any of the Collateral to make payment to Lender of any amounts due or to become due hereunder and (c) enforce collection of any of the Collateral by suit or otherwise, and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect thereto. Lender shall give Borrower prompt notice of any such action taken by Lender. Lender may, furthermore, from time to time, whether before or after any of the Liabilities shall become due and payable, without notice to Borrower, take all or any of the following actions: (a) take control of any proceeds of the Collateral, (b) retain or obtain a security interest in any property, in addition to the Collateral, to secure any of the Liabilities, (c) retain or obtain the primary or secondary liability of any party or parties, in addition to Borrower with respect to any of the Liabilities, (d) extend or renew for any period (whether or not longer than the original period) or exchange any of the Liabilities or release or compromise any obligation of any nature of any party with respect thereto, (e) surrender, release or exchange all or any part of any property, in addition to the Collateral, securing any of the Liabilities, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect to any such property, and (f) resort to the Collateral for payment of any of the Liabilities whether or not it shall have resorted to any other property securing the Liabilities or shall have proceeded against any party primarily or secondarily liable on any of the Liabilities.
Certain Rights Regarding Collateral and Liabilities. (a) Subject to SECTIONS 5(c) and 6 hereof, Lender may, from time to time, after the occurrence and during the continuance of a Default pursuant to SECTION 10.1(f) of the Credit Agreement or an Event of Default, without notice to the Pledgor, (i) transfer all or any part of the Collateral into the name of Lender or its nominee or sub-agent, with or without disclosing that such Collateral is subject to the Lien and security interest hereunder, (ii) notify any Person obligated on any of the Collateral to make payment to Lender of any amounts due or to become due thereunder, and (iii) enforce collection of any of the Collateral by suit or otherwise.
Certain Rights Regarding Collateral and Liabilities. SECTION 6.1. Subject to Sections 6.3 and 7 hereof, the Agent may, ------------ - from time to time after the occurrence and during the continuance of any Default pursuant to Section 14.1.3 of the Credit Agreement or any Event of Default, in -------------- its sole discretion and without notice to the Pledgor:
Certain Rights Regarding Collateral and Liabilities a. Pledgee, from time to time, after occurrence of an Event of Default (as defined in the Note prior to the Financial Closing, or (following the Financial Closing) any of the Series A Debentures, the Series B1 Debentures, or the Series B2 Debentures) and without notice to the Pledgor, may take all or any of the following actions on behalf of and as agent for the Holders:
Certain Rights Regarding Collateral and Liabilities. (a) Assignee from time to time, after occurrence and during the continuance of an Event of Event of Default (as hereinafter defined), may take all or any of the following actions: (i) notify the parties obligated on any of the Collateral to make payment to Assignee of any amounts due or to become due thereunder; (ii) enforce collection of any of the Collateral by suit or otherwise; (iii) take control of any proceeds of the Collateral; and (iv) resort to the Collateral for payment of any of the Liabilities whether or not it shall have resorted to any other property securing the Liabilities or shall have proceeded against any party primarily or secondarily liable on any of the Liabilities.
