SECURED PARTY RIGHTS. All rights conferred in this Agreement on Secured Party are in addition to those granted to it by law, and all rights are cumulative and may be exercised simultaneously. Failure of Secured Party to enforce any rights or remedies will not constitute an estoppel or waiver of Secured Party’s ability to exercise such rights or remedies. Unless otherwise required under applicable law, Secured Party is not liable for any loss or damage to Collateral in its possession or under its control, nor will such loss or damage reduce or discharge the Obligations that are due, even if Secured Party’s actions or inactions caused or in any way contributed to such loss or damage.
SECURED PARTY RIGHTS. Any and all rights of the Secured Party provided by this Agreement are in addition to any and all rights available to the Secured Party by law, and shall be cumulative and may be exercised simultaneously. No delay, omission, or failure on the part of the Secured Party to exercise or enforce any of its rights or remedies, either granted under this Agreement or by law, shall constitute an estoppel or waiver of such right or remedy or any other right or remedy. Any and all rights of the Secured Party provided by this Agreement shall inure to the benefit of its successors and assigns.
SECURED PARTY RIGHTS. Upon an Event of Default and acceleration of the Loan Obligations as provided herein, and at any time and from time to time thereafter:
SECURED PARTY RIGHTS. Upon the occurrence and during the continuance of an Event of Default:
SECURED PARTY RIGHTS. 92 16.3.9. Joint and Several...............................93 16.3.10. Miscellaneous...................................94 16.4.
SECURED PARTY RIGHTS. Upon the occurrence and during the continuance of any Event of Default:
SECURED PARTY RIGHTS. Lender may elect (but is not obligated) to do any of the following at any time and from time to time: (a) receive or release other security for payment of any of the Obligations; (b) release any party primarily or secondarily liable for payment of any of the Obligations; (c) apply any other security held by it to the satisfaction of the Obligations; and (d) except for Liens otherwise permitted under the Loan Documents, discharge any Lien on the Collateral that not been expressly allowed in writing by it and pay the costs of insuring, maintaining, and preserving the Collateral; in each case without prejudice to any of its rights under this Security Agreement.
SECURED PARTY RIGHTS. Secured Party is hereby authorized to file one or more UCC-1 Financing Statements with the Secretary of State of the State of Nevada evidencing and providing notice of the security interest granted pursuant to this Agreement in the Collateral.
SECURED PARTY RIGHTS. Upon the occurrence and during the continuance of an Event of Default: Administrative Agent may (and at the direction of the Required Lenders shall) exercise any or all of its rights under the Security Documents as a secured party under the UCC and any other applicable Law; and Administrative Agent may sell or otherwise dispose of any or all of the Collateral at public or private sale in a commercially reasonable manner, which sale Administrative Agent may postpone from time to time by announcement at the time and place of sale stated in the notice of sale or by announcement at any adjourned sale without being required to give a new notice of sale, all as Administrative Agent deems advisable, for cash or credit. A Lender may become the purchaser at any such sale if permissible under applicable Law, and Borrower agrees that such Lender has no obligation to preserve rights to Collateral against prior parties or to marshal any Collateral for the benefit of any Person. Borrower agrees that if Administrative Agent conducts a private sale of any Collateral by requesting bids from five or more dealers, distributors, or lessors in that type of Collateral, any sale by Administrative Agent of such Collateral, in bulk or in parcels, to the bidder submitting the highest cash bid therefor, which occurs within 120 days of the later to occur of (a) Administrative Agent taking possession and control of such Collateral, or (b) Administrative Agent being otherwise authorized or permitted to sell such Collateral, is a commercially reasonable sale of such Collateral under the UCC. Borrower further agrees that 10 (ten) or more days prior written notice will be commercially reasonable notice of any public or private sale. Borrower agrees that the purchase of any Collateral by a Vendor, as provided in any agreement between Administrative Agent and the Vendor or GECDF and Vender, is a commercially reasonable disposition and private sale of such Collateral under the UCC, and no request for bids shall be required. Borrower irrevocably waives any requirement that Administrative Agent retain possession and not dispose of any Collateral until after an arbitration hearing, arbitration award, confirmation, trial or final judgment. If Administrative Agent disposes of any such Collateral other than as herein contemplated, the commercial reasonableness of such disposition will be determined in accordance with the Laws of the State governing this Agreement.
SECURED PARTY RIGHTS. Any and all rights of the Collateral Agent or any Secured Party provided by this Agreement are in addition to any and all rights available to the Collateral Agent or any Secured Party by law, and shall be cumulative and may be exercised simultaneously. No delay, omission, or failure on the part of the Collateral Agent or any Secured Party to exercise or enforce any of its rights or remedies, either granted under this Agreement or by law, shall constitute an estoppel or waiver of such right or remedy or any other right or remedy. Any and all rights of the Collateral Agent or any Secured Party provided by this Agreement shall inure to the benefit of its successors and assigns.
