Collateral Agent’s Rights. Any use by the Collateral Agent of the Intellectual Property, as authorized hereunder in connection with the exercise of the Collateral Agent’s rights and remedies under this Agreement, the Credit Agreement and the Security Agreement shall be coextensive with the Grantor’s rights thereunder and with respect thereto and without any liability for royalties or other related charges.
Collateral Agent’s Rights. The Collateral Agent’s rights are set forth in the Direct Agreement.
Collateral Agent’s Rights. At any time following the Assumption Date:
Collateral Agent’s Rights. (a) If at any time the Collateral Agent is served with any judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process which in any way affects the Collateral (including but not limited to orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of such property), the Collateral Agent is authorized to comply therewith in any manner it or legal counsel of its own choosing reasonably deems appropriate, and if the Collateral Agent complies with any such judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, the Collateral Agent shall not be liable to any of the parties hereto or to any other Person or entity even though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have been without legal force or effect.
Collateral Agent’s Rights. The provisions of Article VII of the Credit Agreement shall inure to the benefit of Collateral Agent in respect of this Security Agreement and shall be binding upon the parties hereto.
Collateral Agent’s Rights. Any use by the Collateral Agent of the IP Collateral, as authorized hereunder in connection with the lawful exercise of the Collateral Agent’s rights and remedies under this Agreement or any other Loan Document shall be coextensive with the applicable Grantor’s rights thereunder and with respect thereto and without any liability for royalties or other related charges.
Collateral Agent’s Rights. (i) The Lender understands that the Collateral Agent is engaged in a wide range of financial services and businesses (including investment management, financing, securities trading, corporate and investment banking and research) (such services and businesses are collectively referred to in this Section 6(d) as “Activities”) and may engage in the Activities with or on behalf of the Borrower or its respective Affiliates. Furthermore, the Collateral Agent may, in undertaking the Activities, engage in trading in financial products or undertake other investment businesses for its own account or on behalf of others (including the Borrower and its Affiliates and including holding, for its own account or on behalf of others, equity, debt and similar positions in the Borrower or its Affiliates), including trading in or holding long, short or derivative positions in securities, loans or other financial products of the Borrower or its Affiliates. The Lender understands and agrees that in engaging in the Activities, the Collateral Agent may receive or otherwise obtain information concerning the Borrower or its Affiliates (including information concerning the ability of the Borrower to perform its respective obligations hereunder and under the other Transaction Documents) which information may not be available to the Lender. The Collateral Agent shall not have any duty to disclose to the Lender or use on behalf of the Lender, nor be liable for the failure to so disclose or use, any information whatsoever about or derived from the Activities or otherwise (including any information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of the Borrower or any Affiliate of the Borrower) or to account for any revenue or profits obtained in connection with the Activities.
Collateral Agent’s Rights. (a) If a Majority of Secured Parties reasonably determines that the value of the Collateral has diminished to such an extent as to be unsatisfactory in character or quality, the Collateral Agent may demand Debtor provide additional collateral, or the Collateral Agent may exercise its rights in the event of default described herein. At its option, the Collateral Agent may discharge taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral, and may pay for the maintenance and preservation of the Collateral.
Collateral Agent’s Rights. The Subsidiary Borrowers agree ------------------------- that, upon the occurrence and continuation of an Event of Default (as defined in the Credit Agreement), the Collateral Agent may exercise its right to acquire, sell or otherwise dispose of all the Company's rights under this Agreement and the Intercompany Security Agreement, whereupon this Agreement shall be deemed to have been assigned to the Collateral Agent and the Collateral Agent may exercise all the rights of the Company hereunder, including the right to demand and collect payment of the Intercompany Loans.
Collateral Agent’s Rights. The Collateral Agent’s rights are set forth in the Direct Agreement and the NEXT Direct Agreement and each such agreement is hereby incorporated by reference.
