Remedial Provisions Clause Samples

Remedial Provisions. 19 5.1 Certain Matters Relating to Receivables.....................19 5.2 Communications with Obligors; Grantors Remain Liable........20

Remedial Provisions. 6.1 [Reserved]. 6.2 [Reserved].

Remedial Provisions. 6.1 Rights with respect to the Issuer Interest. (a) Unless an Event of Default shall have occurred and be continuing and the Indenture Trustee shall have given notice to the Guarantor of the Indenture Trustee’s intent to exercise its corresponding rights pursuant to Section 6.1(b), the Guarantor shall be permitted to receive all cash dividends paid in respect of the Issuer Interest and, for the avoidance of doubt, to distribute such dividends and all other payments and cash on hand to the owners of the limited liability company interests in the Guarantor, and to exercise all voting and corporate or other organizational rights with respect to the Issuer Interest; provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Indenture Trustee’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Indenture or any other Transaction Document. (b) If an Event of Default shall occur and be continuing and the Indenture Trustee shall give notice of its intent to exercise such rights to the Guarantor, (i) the Indenture Trustee shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Issuer Interest and make application thereof to the Obligations in accordance with the Indenture and (ii) the Indenture Trustee or its nominee may thereafter exercise (x) all voting, corporate and other rights pertaining to the Issuer Interest and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to the Issuer Interest as if it were the absolute owner thereof, all without liability except to account for property actually received by it, but the Indenture Trustee shall have no duty to the Guarantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. (c) The Guarantor hereby authorizes and instructs the Issuer to (i) comply with any instruction received by it from the Indenture Trustee in writing that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Guarantor, and the Guarantor agrees that the Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividen...

Remedial Provisions. 7.10.1 [Reserved].

Remedial Provisions. Each Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the Discharge of Obligations:

Remedial Provisions. Section 6.01 [Reserved].

Remedial Provisions. 16 Section 6.1 Code and Other Remedies.................................... 16 Section 6.2 Accounts and Payments in Respect of General Intangibles.... 19 Section 6.3

Remedial Provisions. If any Event of Default shall have occurred and be continuing under Section 10 of the Credit Agreement, the Administrative Agent may exercise in respect of the Collateral any of the following rights and remedies:

Remedial Provisions. 19 Section 5.1 Code and Other Remedies............................................. 19 Section 5.2 Accounts and Payments in Respect of General Intangibles............. 20 TABLE OF CONTENTS (CONTINUED) PAGE Section 5.3 Pledged Collateral............................................... 21 Section 5.4 Proceeds to be Turned Over To Collateral Agent................... 22 Section 5.5 Registration Rights.............................................. 22 Section 5.6 Deficiency....................................................... 23