Common use of Collateral Agent May File Proofs of Claim Clause in Contracts

Collateral Agent May File Proofs of Claim. (a) In case of the pendency of any proceeding with respect to any Note Party under any federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or any other proceeding relative to any Note Party, Collateral Agent (irrespective of whether the principal of any Note shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Collateral Agent shall have made any demand on Company) shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise:

Collateral Agent May File Proofs of Claim. (a) In case of the pendency of any proceeding with respect to any Note Party under any federal, state or foreign bankruptcyreceivership, insolvency, receivership liquidation, bankruptcy, examinership, reorganization, arrangement, adjustment, composition or similar law now or hereafter in effect or any other judicial proceeding relative to any Note PartyBorrower, Collateral Agent (irrespective of whether the principal of any Note Credit Extension, shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Collateral Agent shall have made any demand on CompanyBorrower) shall be entitled and empowered (but not obligated)empowered, by intervention in such proceeding or otherwise:

Collateral Agent May File Proofs of Claim. (a) In case of the pendency of any proceeding with respect to any Note Party under any federal, state or foreign bankruptcyreceivership, insolvency, receivership liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or similar law now or hereafter in effect or any other judicial proceeding relative to any Note Partythe Borrower or the property of the Borrower, the Collateral Agent (irrespective of whether the principal of any Note the Asset Backed Loan shall then be due and payable as herein therein expressed or by declaration or otherwise and irrespective of whether the Collateral Agent shall have made any demand on Companythe Borrower for the payment of overdue principal or interest) shall be entitled and empowered (but not obligated)empowered, by intervention in such proceeding or otherwise:

Collateral Agent May File Proofs of Claim. (a) In case of the pendency of any proceeding with respect to any Note Party under any federal, state insolvency or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or any other liquidation proceeding relative to the Borrower or the Pledgor (including any Note Partyevent relative to the Borrower described in Section 7(f)), the Collateral Agent (irrespective of whether the principal of any Note the Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Collateral Agent or the Lender shall have made any demand on Companythe Borrower) shall be entitled and empowered (empowered, but shall not be obligated), by intervention in such proceeding or otherwise: