Collateral Agents Powers Sample Clauses

Collateral Agents Powers. Collateral Agent, without affecting the liability of any Person liable for the payment of any Obligation herein mentioned (other than any Person expressly released from liability), and without affecting the Liens or charges of the Collateral Documents upon any of the security encumbered thereby or any other security instrument given as security for the Loan upon any portion of the security encumbered thereby not then or theretofore released as security for the full amount of all unpaid Obligations, may, from time to time and without notice (i) release any Person so liable, (ii) extend the maturity or alter any of the terms of any such Obligation, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Senior Lenders' option any portion or all of the security for the Loan, (v) take or release any other or additional security for any Obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto, or (vii) advance additional funds to protect the security hereof and pay or discharge the obligations of Borrower hereunder or under the other Loan Documents, and all amounts so advanced shall be deemed to be part of the Principal Balance, and with interest thereon as provided in the Notes and secured by the Collateral Documents. As between Collateral Agent and Senior Lenders, all such actions under this Section shall be subject to the terms of any Agency Agreement.

Collateral Agents Powers. The restrictions contained in sections 93 and 103 of the Act shall not apply to the Security and the power of sale and other powers contained in section 101 of the Act and all other enforcement powers conferred in this Debenture with regard to the Security shall be immediately exercisable at any time after the occurrence and during the continuation of an Event of Default and shall be varied and extended so that the Collateral Agent shall at any such time be entitled (without prejudice to any other rights or powers of a mortgagee) to exercise any of the powers conferred upon a Receiver by Clause 13 and shall have the benefit of all the provisions of Clause 13.

Collateral Agents Powers. To the fullest extent permitted by law, any right, power or discretion created by this Charge (either expressly or impliedly) upon a Receiver may after the floating charge created by this Charge has become enforceable be exercised by the Collateral Agent in relation to any Charged Property, irrespective of whether or not it has taken possession of any Charged Property and without first appointing a Receiver or notwithstanding the appointment of a Receiver.

Collateral Agents Powers