Continued Powers. Until the Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Agent for the benefit of the Lenders hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Agent at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor may have ceased.
Appears in 3 contracts
Sources: Credit Agreement (QC Holdings, Inc.), Credit Agreement (QC Holdings, Inc.), Subsidiary Security Agreement (QC Holdings, Inc.)
Continued Powers. Until the Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Collateral Agent for the benefit of the Lenders Secured Creditors hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Collateral Agent at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor Pledgor may have ceased.
Appears in 2 contracts
Sources: Credit Agreement (Granite Construction Inc), Securities Pledge Agreement (Granite Construction Inc)
Continued Powers. Until the Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Collateral Agent for the benefit of the Lenders Secured Creditors hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Collateral Agent at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor may have ceased.
Appears in 2 contracts
Sources: Credit Agreement (Granite Construction Inc), Security Agreement (Granite Construction Inc)
Continued Powers. Until the Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Agent for the benefit of the Lenders Banks hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Agent at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor may have ceased.
Appears in 2 contracts
Sources: Subsidiary Security Agreement (QC Holdings, Inc.), Subsidiary Security Agreement (QC Holdings, Inc.)
Continued Powers. Until the Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Agent for the benefit of the Lenders Banks hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Agent at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor may have ceased.
Appears in 1 contract
Continued Powers. Until the Facility Termination Date shall have occurred, the power of sale and other rights, powers and remedies granted to the Agent for the benefit of the Lenders Lender hereunder shall continue to exist and, upon the occurrence and during the continuation of an Event of Default, may be exercised by the Agent Lender at any time and from time to time irrespective of the fact that any of the Secured Obligations or any part thereof may have become barred by any statute of limitations or that any part of the liability of any Grantor may have ceased.
Appears in 1 contract
Sources: Security Agreement (TRX Inc/Ga)