Enforcement by Collateral Agent Sample Clauses
Enforcement by Collateral Agent. The Collateral Agent may, without notice to the Pledgors and at such time or times as the Collateral Agent in its sole discretion may determine, exercise any or all of a Pledgor’s rights in, to and under, or in any way connected with or related to, any or all of the Collateral, including (i) demanding and enforcing payment and performance of, and exercising any or all of such Pledgor’s rights and remedies with respect to the collection, enforcement or prosecution of, any or all of the Collateral Obligations, in each case by legal proceedings or otherwise, (ii) settling, adjusting, compromising, extending, renewing, discharging and releasing any or all of, and any legal proceedings brought to collect or enforce any or all of, the Collateral Obligations, (iii) preparing, filing and signing the name of such Pledgor on (A) any proof of claim or similar document to be filed in any bankruptcy or similar proceeding involving any Collateral Debtor and (B) any notice of lien, assignment or satisfaction of lien, or similar document in connection with any Collateral Obligation, and (iv) using the information recorded on or contained in any data processing equipment and computer hardware and software relating to the Collateral Obligations to which such Pledgor has access.
Enforcement by Collateral Agent. The Borrower and KMI acknowledge and agree with the Collateral Agent and the Secured Parties that, notwithstanding any provision of this Agreement, the Credit Agreement or any other Secured Debt Document to the contrary, the Collateral Agent may enforce any obligations of KMI in respect of the Sponsor Obligations and/or the Borrower’s obligations in the manner described in Section 2.
Enforcement by Collateral Agent. 1. If an Enforcement Event has occurred and is continuing the Collateral Agent may and shall if so instructed by the Applicable Representative and if indemnified and/or secured and/or prefunded to its satisfaction (in either case without it being necessary to give any prior notice to the Chargor, and without prejudice to any other rights, powers or remedies it may have under this deed or by law):
(a) declare the Secured Liabilities to be due and payable, whereupon they shall become due and payable;
(b) take possession of the Secured Property; and
(c) sell or dispose of the Secured Property in such manner and on such terms as the Collateral Agent thinks fit, with power to buy in, or rescind or vary any contract for sale or re-sell without being responsible for any loss occasioned and to transfer the Secured Property free from adverse interests.