Kodak 2011 Annual Report Download - page 371

(1) If any Event of Default shall have occurred and be continuing:
any action with respect to any such Collateral unless and except to the extent expressly authorized in writing by the Agent.
SECTION 19
REMEDIES
(a)
the Agent may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to
it, all the rights and remedies of a secured party upon default under the PPSA, Civil Code of Quebec or UCC (whether or not any of the
PPSA, the Civil Code of Quebec or UCC applies to the affected Collateral);
(b) the Agent may by appointment in writing appoint a receiver or receiver and manager (each herein referred to as the “
Receiver
”)
of the
Collateral (which term when used in this Section 19 will include the whole or any part of the Collateral) and may remove or replace such
Receiver from time to time or may institute proceedings in any court of competent jurisdiction for the appointment of a Receiver of the
Collateral; and the term “Agent”
when used in this Section 19 will include any Receiver so appointed and the agents, officers and
employees of such Receiver; and the Agent will not be in any way responsible for any misconduct or negligence of any such Receiver;
(c)
the Agent may take possession of the Collateral and require the Grantors to assemble the Collateral and deliver or make the Collateral
available to the Agent at such place or places as may be specified by the Agent;
(d)
the Agent may take such steps as it considers desirable to maintain, preserve or protect the Collateral;
(e)
the Agent may enforce any rights of the Grantors in respect of the Collateral by any manner permitted by applicable law;
(f)
the Agent may withdraw, or cause the direct withdrawal, of all funds with respect to the Account Collateral;
(g)
the Agent may sell, lease or otherwise dispose of the Collateral at public auction, by private tender, by private sale or otherwise either for
cash or upon credit upon such terms and conditions as the Agent may determine and without notice to the Grantors unless required by law
and no person dealing with the Agent or its servants shall be concerned to inquire whether the security hereby constituted has become
enforceable, whether the powers which the Agent is purporting to exercise have become exercisable, whether any money remains due on
the security of the Collateral, as to the necessity or expedience of the stipulations and conditions subject to which any sale, lease or
disposition shall be made, otherwise as to the propriety or regularity of any sale or any other dealing by the Agent with the Collateral or to
see to the application of any money paid to the Agent;
22