Common use of Remedies; Obtaining the Collateral Upon Default Clause in Contracts

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 3 contracts

Samples: Security Agreement (Huntsman LLC), Security Agreement (Huntsman Petrochemical Finance Co), Security Agreement (Huntsman LLC)

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Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay also:

Appears in 3 contracts

Samples: Security Agreement (Universal Compression Inc), Security Agreement (Universal Compression Holdings Inc), Security Agreement (Universal Compression Holdings Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay take each of the following actions, each of which such Assignor agrees to be commercially reasonable:

Appears in 2 contracts

Samples: Pledge Agreement (Sky Chefs Argentine Inc), Pledge Agreement (Sky Chefs Argentine Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any a Noticed Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable lawlaw and under the other provisions of this Agreement, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maysuch additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may also:

Appears in 2 contracts

Samples: Security Agreement (Reynolds American Inc), Security Agreement (Reynolds American Inc)

Remedies; Obtaining the Collateral Upon Default. Each The Assignor agrees that, if any Event of Default there shall have occurred and be continuingcontinuing Event of Default, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay also:

Appears in 1 contract

Samples: Pledge Agreement (Pueblo Xtra International Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, that if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, and shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay also:

Appears in 1 contract

Samples: Collateral Security Agreement (Huntsman International LLC)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any a Noticed Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable lawlaw and under the other provisions of this Agreement, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:Uniform

Appears in 1 contract

Samples: Security Agreement (Rj Reynolds Tobacco Holdings Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effecteffect and further subject to the terms of the Intercreditor Agreement, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions jurisdictions, as the same may be amended from time to time hereinafter, and maymay also:

Appears in 1 contract

Samples: Security Agreement (JCC Holding Co)

Remedies; Obtaining the Collateral Upon Default. Each Except as otherwise provided in Section 7.07 hereof or otherwise expressly provided herein or in any other Credit Document, the Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code or other applicable law in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Credit Agreement (Ambac Financial Group Inc)

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Remedies; Obtaining the Collateral Upon Default. Each The Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Pledge Agreement (Hosiery Corp of America Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor of the Assignors agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall haveLender, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Security Agreement (United Petroleum Corp)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may:

Appears in 1 contract

Samples: Security Agreement (Safety Components International Inc)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, subject to any mandatory requirements of applicable law then in effecteffect and further subject to the terms of the Intercreditor Agreement, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay also:

Appears in 1 contract

Samples: Security Agreement (JCC Holding Co)

Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default there shall have occurred and be continuingcontinuing an Event of Default, then and in every such case, subject to any mandatory requirements of applicable law then in effect, the Collateral Agent, acting at the direction of the Instructing Group, shall have, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and maymay also:

Appears in 1 contract

Samples: Pledge Agreement (Pueblo Xtra International Inc)

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