Common use of Rights as a Secured Party Clause in Contracts

Rights as a Secured Party. The Trustee may with the written consent of the Bond Insurer and shall, at the written direction of the Bond Insurer exercise all of the rights and remedies of a secured party under the UCC, subject to the terms of this Agreement. Notice sent by registered or certified mail, postage prepaid, or delivered during business hours, to the Company at least seven (7) days before an event under UCC Section 9-611(b) or any successor provision of law shall constitute reasonable notification of such event.

Rights as a Secured Party. The Trustee may with the written consent of the Bond Insurer and shall, at the written direction of the Bond Insurer exercise all of the rights and remedies of a secured party party, under the UCCUCC or otherwise, subject with respect to moneys in the terms Debt Service Fund and Redemption Fund, including the right to sell or redeem securities and the right to retain such securities in satisfaction of this Agreementthe obligations of the Borrower hereunder. Notice sent by registered or certified mail, postage prepaid, or delivered during business hours, to the Company Borrower at least seven ten (710) days before an event under UCC Section 9-611(b) 611 or any successor provision of law shall constitute reasonable notification of such event.

Rights as a Secured Party. The Trustee may with the written consent of the Bond Insurer and shall, at the written direction of the Bond Insurer exercise all of the rights and remedies of a secured party under the UCC, subject to the terms of this Agreement. Notice sent by registered or certified mail, postage prepaid, or delivered during business hours, to the Company at least seven (7) days before an event under UCC Section 9-611(b504(3) or any successor provision of law shall constitute reasonable notification of such event.

Rights as a Secured Party. The Subject to Section 610 hereof, the Trustee ------------------------- may with the written consent of the Bond Insurer and shall, at the written direction of the Bond Insurer exercise all of the rights and remedies of a secured party under the UCC, subject to the terms of this Agreement. Notice sent by registered or certified mail, postage prepaid, or delivered during business hours, to the Company Borrower at least seven (7) days before an event under UCC Section 9-611(b504(3) or any successor provision of law shall constitute reasonable notification of such event.

Rights as a Secured Party. The Trustee may with the written consent Trustee, and Bank, after payment of the Bond Insurer and shallBonds, at the written direction of the Bond Insurer may exercise all of the rights and remedies of a secured party under the UCC, subject to the terms of this Agreement. Notice sent by registered or certified mail, postage prepaid, or delivered during business hours, to the Company Borrower at least seven (7) days before an event under UCC Section 9-611(b504(3) or any successor provision of law shall constitute reasonable notification of such event.