Default Events. In the event of a default as defined in the applicable SLA by a borrower with respect to any loan entered into pursuant to an SLA, GSAL will, and is hereby authorized by each Lender to, exercise on Lender's behalf, in its discretion and without prior notification to Lender, any and all remedies provided thereunder or available under applicable law. In addition, the following applies:
Appears in 8 contracts
Samples: General Guarantee Agreement (JPMorgan Trust I), General Guarantee Agreement (Jp Morgan Mutual Fund Investment Trust), General Guarantee Agreement (Jpmorgan Trust Ii)
Default Events. In the event of a default as defined in the applicable SLA by a borrower with respect to any loan entered into pursuant to an SLA, GSAL will, and is hereby authorized by each Lender to, exercise on Lender's ’s behalf, in its discretion and without prior notification to Lender, any and all remedies provided thereunder or available under applicable law. In addition, the following applies:
Appears in 3 contracts
Samples: Securities Loan Agreement (Jpmorgan Insurance Trust), Securities Loan Agreement (JPMorgan Trust I), Securities Loan Agreement (Jpmorgan Trust Ii)
