Common use of Remedies of the Secured Party Clause in Contracts

Remedies of the Secured Party. 16. Whenever the security hereby constituted shall have become enforceable, and so long as it shall remain enforceable, the Companies will have no right to vote or take any other action with respect to any securities constituting Charged Assets or receive any dividends or interest (whether declared or payable before or after the security hereby constituted becoming enforceable) in respect of the Charged Assets, and the Secured Party may proceed to realize such security and to enforce its rights by:

Remedies of the Secured Party. 16. Whenever the security hereby constituted shall have become enforceable, and so long as it shall remain enforceable, the Companies Company will have no right to vote or take any other action with respect to any securities constituting Charged Assets or receive any dividends or interest (whether declared or payable before or after the security hereby constituted becoming enforceable) in respect of the Charged Assets, and the Secured Party may proceed to realize such security and to enforce its rights by:

Remedies of the Secured Party. 16. Whenever the security hereby constituted shall have become enforceable, and so long as it shall remain enforceable, the Companies Company will have no right to vote or take any other action with respect to any securities constituting Charged Assets or receive any dividends or interest (whether declared or payable before or after the security hereby constituted becoming enforceable) in respect of the Charged Assets, and the Secured Party may proceed to realize such security and to enforce its rights by:the

Remedies of the Secured Party. 16. Whenever the security hereby constituted shall have become enforceable, and so long as it shall remain enforceable, the Companies Company will have no right to vote or take any other action with respect to any securities constituting Charged Assets or receive any dividends or interest (whether declared or payable before or after the security hereby constituted becoming enforceable) in respect of the Charged Assets, Assets and the Secured Party may proceed to realize such security and to enforce its rights by: