Common use of Rights and Remedies of the Collateral Agent Clause in Contracts

Rights and Remedies of the Collateral Agent. (a) In addition to the rights and remedies specified in Section 5.4 or otherwise available at law or in equity, after an event of default (as specified in Section 7.1(b) below), the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the Code (whether or not the Code is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies under this Agreement may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (i) retention of the Pledged Debentures in full satisfaction of the Holders' obligations under the Purchase Contracts or (ii) sale of the Pledged Debentures in one or more public or private sales.

Appears in 3 contracts

Samples: Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc)

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Rights and Remedies of the Collateral Agent. (a) In addition to the rights and remedies specified in Section 5.4 5.5 hereof or otherwise available at law or in equity, after an event of default (as specified in Section 7.1(b) below), ) hereunder the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the Code (whether or not the Code is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies under this Agreement hereunder may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (i) retention of the Pledged Debentures Preferred Stock in full satisfaction of the Holders' obligations under the Purchase Contracts or (ii) sale of the Pledged Debentures Preferred Stock in one or more public or private sales.

Appears in 2 contracts

Samples: Pledge Agreement (Bank United Corp), Pledge Agreement (Washington Mutual Inc)

Rights and Remedies of the Collateral Agent. (a) In addition to the rights and remedies specified in Section 5.4 5.5 hereof or otherwise available at law or in equity, after an event of default (as specified in Section 7.1(b) below), ) hereunder the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the Code (whether or not the Code is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies under this Agreement hereunder may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (i) retention of the Pledged Debentures Shares in full satisfaction of the Holders' obligations under the Purchase Contracts or (ii) sale of the Pledged Debentures Shares in one or more public or private sales.

Appears in 1 contract

Samples: Pledge Agreement (Bank United Corp)

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Rights and Remedies of the Collateral Agent. (a) In addition to the rights and remedies specified in Section 5.4 5.5 hereof or otherwise available at law or in equity, after an event of default (as specified in Section 7.1(b) below)) hereunder, the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the Code UCC (whether or not the Code UCC is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies under this Agreement hereunder may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (i1) retention of the Pledged Debentures Notes in full satisfaction of the Holders' obligations under the Purchase Contracts or (ii2) sale of the Pledged Debentures Notes in one or more public or private salessales and application of the proceeds in full satisfaction of the Holders' obligations under the Purchase Contracts.

Appears in 1 contract

Samples: Pledge Agreement (Pp&l Capital Funding Trust I)

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