Collection by Pledgor Sample Clauses

Collection by Pledgor. The Pledgee hereby authorises each Pledgor to collect, subject to the restrictions on profits and other forms of distributions and other payments in respect of the Collateral under the terms of the Credit Agreement, all profits and other forms of distributions and other payments on the Collateral of that Pledgor and during such period while the Pledgor is so authorised, the Pledgee agrees not to exercise such rights. The Pledgee may revoke this authorisation of any Pledgor upon the occurrence of an Event of Default which is continuing and notice to each Pledgor. Upon such revocation the relevant Pledgor cannot derive any further rights from section 3:246(4) NCC and the Pledgee may inform the Cooperative of that revocation and that further payments must be made into a bank account designated by the Pledgee.
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Collection by Pledgor. 15.1 In the event the Pledgor is in default hereunder or with respect to the Obligations, the Pledgee shall be entitled to sell the Goods and to take recourse against the proceeds.
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Collection by Pledgor. The Pledgor may collect all dividends, distributions and other payments on the Collateral subject to Article 7.2 (Collection by Pledgee).
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Collection by Pledgor. The Pledgee hereby authorises each Pledgor to collect its Collateral and to enter into compromises, settlements and other agreements with the Bank, to grant discharge in respect of its Collateral and to exercise all of its other rights in connection with the Collateral (including calling in its Collateral), in each case to the extent these rights are exercised in the ordinary course of business. The Pledgee may revoke this authorisation upon the occurrence of an Event of Non-Compliance which is continuing. Upon such revocation the relevant Pledgor cannot derive any further rights from section 3:246(4) NCC and the Pledgee may inform the Bank of that revocation and that further payments must be made into a bank account designated by the Pledgee.
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Related to Collection by Pledgor

  • Waivers by Pledgor Pledgor waives any right to require Pledgee to:

  • Ratification by Guarantors Each of the Guarantors acknowledges that its consent to this Amendment is not required, but each of the undersigned nevertheless does hereby agree and consent to this Amendment and to the documents and agreements referred to herein. Each of the Guarantors agrees and acknowledges that (i) notwithstanding the effectiveness of this Amendment, such Guarantor’s Guaranty under the Credit Agreement shall remain in full force and effect without modification thereto and (ii) nothing herein shall in any way limit any of the terms or provisions of such Guarantor’s Guaranty or any other Loan Document executed by such Guarantor (as the same may be amended from time to time), all of which are hereby ratified, confirmed and affirmed in all respects. Each of the Guarantors hereby agrees and acknowledges that no other agreement, instrument, consent or document shall be required to give effect to this section. Each of the Guarantors hereby further acknowledges that the Borrowers, the Administrative Agent and any Lender may from time to time enter into any further amendments, modifications, terminations and/or waivers of any provisions of this Amendment or other Loan Documents without notice to or consent from such Guarantor and without affecting the validity or enforceability of such Guarantor’s Guaranty or giving rise to any reduction, limitation, impairment, discharge or termination of such Guarantor’s Guaranty.

  • Confirmation by Intermediary Intermediary must provide written confirmation to the Fund that instructions have been executed. Intermediary agrees to provide confirmation as soon as reasonably practicable, but not later than ten business days after the instructions have been executed.

  • Statements, Confirmations and Notices of Adverse Claims (a) The Account Holder will send copies of all statements and confirmations for each Account simultaneously to the Secured Party and the Grantor.

  • Direction of Proceedings and Waiver of Defaults by Majority of Holders The Holders of a majority of the aggregate principal amount of the Notes at the time outstanding determined in accordance with Section 8.04 shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Notes; provided, however, that (a) such direction shall not be in conflict with any rule of law or with this Indenture, and (b) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee may refuse to follow any direction that it determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability. The Holders of a majority in aggregate principal amount of the Notes at the time outstanding determined in accordance with Section 8.04 may on behalf of the Holders of all of the Notes waive any past Default or Event of Default hereunder and its consequences except (i) a default in the payment of accrued and unpaid interest, if any, on, or the principal (including any Fundamental Change Repurchase Price) of, the Notes when due that has not been cured pursuant to the provisions of Section 6.01, (ii) a failure by the Company to pay or deliver, as the case may be, the consideration due upon conversion of the Notes or (iii) a default in respect of a covenant or provision hereof which under Article 10 cannot be modified or amended without the consent of each Holder of an outstanding Note affected. Upon any such waiver the Company, the Trustee and the Holders of the Notes shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. Whenever any Default or Event of Default hereunder shall have been waived as permitted by this Section 6.09, said Default or Event of Default shall for all purposes of the Notes and this Indenture be deemed to have been cured and to be not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon.

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