Security Agent's Right to Remedy Default Sample Clauses

Security Agent's Right to Remedy Default. If an Event of Default occurs, ---------------------------------------- the Security Agent shall, at the Chargor's cost, and without prejudice to any other rights it may have, be entitled (but not bound) to do anything which it considers appropriate to remedy any failure by the Chargor to perform its obligations under this Deed. The Security Agent shall not thereby become liable to account as a mortgagee in possession.
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Security Agent's Right to Remedy Default. If an Event of Default occurs, ---------------------------------------- the Security Agent shall, at the Company's cost, and without prejudice to any other rights it may have, be entitled (but not bound) to do anything which it considers appropriate to remedy any failure by the Company to perform its obligations under this Deed. The Security Agent shall not thereby become liable to account as a mortgagee in possession.
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Security Agent's Right to Remedy Default. If an Event of Default occurs, ---------------------------------------- the Security Agent shall, at the Obligors' cost, and without prejudice to any other rights it may have, be entitled (but not bound) to do anything which it considers appropriate to remedy any failure by any Obligor to perform its obligations under this Deed. The Security Agent shall not thereby become liable to account as a mortgagee in possession. Credit Agreement dated October 30, 2000 Schedule 7
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Related to Security Agent's Right to Remedy Default

  • Default Remedies Any one of the following occurrences shall constitute an ----------------- "EVENT OF DEFAULT" under this Note: (i) failure by the Maker to make any payment of principal or interest when the same becomes due and payable, said failure continuing for thirty (30) days or more; or (ii) if Maker shall fail to pay its debts, make an assignment for the benefit of its creditors, or shall commit an act of bankruptcy, or shall admit in writing its inability to pay its debts as they become due, or shall seek a composition, readjustment, arrangement, liquidation, dissolution or insolvency proceeding under any present or future statute or law, or shall file a petition under any chapter of federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing, or shall become "insolvent" as that term is generally defined under the Federal Bankruptcy Code, or shall in any involuntary bankruptcy case commenced against it file an answer admitting insolvency or inability to pay its debts as they become due, or shall fail to obtain a dismissal of such case within sixty (60) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or to be adjudged a bankruptcy or insolvent, or shall have a custodian, trustee or receiver appointed for, or have any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution or liquidation, and such custodian, trustee, liquidator or receiver shall not be discharged, or such jurisdiction shall not be relinquished, vacated or stayed within sixty (60) days of the appointment. Upon occurrence of an Event of Default hereunder, the entire outstanding principal balance and any unpaid interest then accrued under this Note, shall at the option of the Payee hereof and without demand or notice of any kind to the undersigned or any other person (including, but not limited to, any guarantor now or hereafter existing), immediately become and be due and payable in full. In such event, Payee shall have and may exercise any and all rights and remedies available at law or in equity.

  • Default Rights and Remedies If an Event of Default exists, the Agent shall have the following rights and remedies:

  • Event of Default Remedies If an Event of Default shall have occurred and be continuing, Secured Party may from time to time in its discretion, without limitation and without notice except as expressly provided below:

  • Enforcement; Remedies (a) Except as otherwise expressly provided herein, any and all remedies herein expressly conferred upon a Party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by Law or equity upon such Party, and the exercise by a Party of any one remedy will not preclude the exercise of any other remedy.

  • The Lender Groups Rights and Remedies 9.1 Rights and Remedies. 9.2 Remedies Cumulative.

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Events of Default Rights and Remedies on Default 10.1 Events of Default 10.2 Acceleration of the Obligations

  • Events of Default Rights and Remedies Section 7.1 Events of Default Section 7.2 Rights and Remedies Section 7.3 Certain Notices

  • Enforcement and Remedies Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article 6 by Executive, and Company shall be entitled to enforce the provisions of this Article 6 by terminating any payments then owing to Executive under this Agreement and/or to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article 6, but shall be in addition to all remedies available at law or in equity to Company, including, without limitation, the recovery of damages from Executive and Executive’s agents involved in such breach and remedies available to Company pursuant to other agreements with Executive.

  • Default and Remedies SECTION 6.01.

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