Remedies Upon Occurrence of Event of Default Sample Clauses

Remedies Upon Occurrence of Event of Default. 6.1 Remedies, Obtaining the Security Agreement Collateral Upon Default. Grantor agrees that, if any Event of Default shall have occurred, then and in every such case, the Secured Creditor, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Code in all relevant jurisdictions and may: (a) personally, or by agents or attorneys, immediately take possession of the Security Agreement Collateral or any part thereof, from Grantor or any other Person who then has possession of any part thereof, with or without notice or process of law, and for that purpose may enter upon Grantor's premises where any of the Security Agreement Collateral is located and remove the same and use in connection with such removal any and all services, supplies, aids and other facilities of Grantor; (b) instruct the obligor or obligors on any agreement, instrument or other obligation (including, without limitation, the Receivables) constituting the Security Agreement Collateral to make any payment required by the terms of such agreement or instrument directly to the Secured Creditor; (c) withdraw all monies, securities and other instruments in the deposit for application to the Secured Obligations; (d) sell, assign or otherwise liquidate, or direct Grantor to sell, assign or otherwise liquidate, any or all of the Security Agreement Collateral or any part thereof in accordance with Section 6.2 and take possession of the proceeds of any such sale or liquidation; (e) take possession of the Security Agreement Collateral, or any part thereof, by directing Grantor in writing to deliver the same to the Secured Creditor at any place or places designated by the Secured Creditor, in which event Grantor shall at its own expense: (i) forthwith cause the same to be moved or delivered to the place or places so designated by the Secured Creditor, (ii) store and keep any Security Agreement Collateral so delivered to the Secured Creditor at such place or places pending further action by the Secured Creditor as provided in Section 6.2, and (iii) while the Security Agreement Collateral shall be so stored and kept, provide such guards and maintenance services as shall be necessary to protect the same and to preserve and maintain it in good condition; and (f) license or sublicense, whether on an exclusive or nonexclusive basis, any Marks, Patents or Copyrights included in the Security Agreement Collateral for such term and on such cond...

Remedies Upon Occurrence of Event of Default. 7.1. Remedies; Obtaining the Collateral Upon Default 7.2. Remedies; Disposition of the Collateral 7.3. Waiver of Claims 7.4. Application of Proceeds 7.5. Remedies Cumulative 7.6. Discontinuance of Proceedings

Remedies Upon Occurrence of Event of Default. Section 7.1. Remedies; Obtaining the Collateral Upon Default.........................................

Remedies Upon Occurrence of Event of Default. Remedies: Obtaining the Collateral Upon Default....

Remedies Upon Occurrence of Event of Default. Remedies; Obtaining the Collateral Upon Default 21 Section 7.2. Remedies; Disposition of the Collateral 22 Section 7.3. Waiver of Claims 23 Section 7.4. Application of Proceeds 24 Section 7.5. Remedies Cumulative 24 Section 7.6. Discontinuance of Proceedings 24 Section 7.7. Additional Remedies With Respect to Collateral Located in Louisiana 25

Remedies Upon Occurrence of Event of Default. SECTION 8.1. REMEDIES; OBTAINING THE COLLATERAL UPON DEFAULT SECTION 8.2. REMEDIES; DISPOSITION OF THE COLLATERAL SECTION 8.3. WAIVER OF CLAIMS SECTION 8.4. APPLICATION OF PROCEEDS. SECTION 8.5. REMEDIES CUMULATIVE SECTION 8.6. DISCONTINUANCE OF PROCEEDINGS ARTICLE IX INDEMNITY SECTION 9.1. INDEMNITY SECTION 9.2. INDEMNITY OBLIGATIONS SECURED BY COLLATERAL; SURVIVAL

Remedies Upon Occurrence of Event of Default. 15 7.1. Remedies; Obtaining the Collateral Upon Default 15 7.2. Remedies; Disposition of the Collateral 16 7.3. Waiver of Claims 17 7.4. Application of Proceeds 18 7.5. Remedies Cumulative 20 7.6. Discontinuance of Proceedings 21 ARTICLE VIII INDEMNITY 21 8.1. Indemnity 21 8.2. Indemnity Obligations Secured by Collateral; Survival 23 ARTICLE IX DEFINITIONS 23 ARTICLE X MISCELLANEOUS 28 10.1. Notices 28 10.2. Waiver; Amendment 29 10.3. Obligations Absolute 30 10.4. Successors and Assigns 30 10.5. Headings Descriptive 30 10.6. Governing Law 30 10.7. Assignor's Duties 30 10.8. Termination; Release 31 10.9. Counterparts 32 10.10. The Collateral Agent 32 10.11. Severability 32 10.12. Limited Obligations 32 10.13. Additional Assignors 32 ANNEX A Schedule of Chief Executive Offices/Record Locations (ii) SECURITY AGREEMENT SECURITY AGREEMENT, dated as of September 19, 1996 (as amended, modified or supplemented from time to time, this "Agreement"), among each of the under- signed assignors (each, an "Assignor" and, together with each other entity that is required to execute a counterpart hereof pursuant to Section 10.13 hereof, the "Assignors") and BANKERS TRUST COMPANY, as Collateral Agent (the "Collateral Agent"), for the benefit of the Secured Creditors (as defined below). Except as otherwise defined herein, terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.

Remedies Upon Occurrence of Event of Default. 5 4.1. Remedies; Obtaining the Equipment Collateral Upon Default ............. 5 4.2. Remedies; Disposition of the Equipment Collateral ..................... 6 4.3.

Remedies Upon Occurrence of Event of Default. Upon the occurrence of an Event of Default as described in Section 12.2 above, the non-defaulting party may, at its option, terminate this Agreement by giving written notice of its intention to terminate this Agreement.