Common use of Disposition Upon Enforcement Event and Related Provisions Clause in Contracts

Disposition Upon Enforcement Event and Related Provisions. (a) Upon the occurrence and during the continuance of any Enforcement Event, the Security Interests shall be immediately enforceable and the Secured Party (acting on instructions received pursuant to the terms of the STID) may exercise in respect of the Pledged Collateral, in addition to other rights and remedies provided for herein, in the STID or otherwise available to Secured Party, all rights of voting, exercise and conversion with respect to the Pledged Collateral and all of the rights and remedies of a secured party on default under the NYUCC at that time (whether or not applicable to the affected Pledged Collateral) and may also, without obligation to resort to other security, at any time and from time to time sell, resell, assign and deliver, in its sole discretion, all or any of the Pledged Collateral, in one or more parcels at the same or different times, and all right, title and interest, claim and demand therein and right of redemption thereof, on any securities exchange on which any Pledged Collateral may be listed, or at public or private sale, for cash, upon credit or for future delivery, and in connection therewith Secured Party may grant options.