The phrase "exercise its rights" is a correct and usable phrase in written English.
You can use this phrase when you want to express an entity exercising their rights as established in an agreement, contract, law, or otherwise. For example, "The company exercised its rights to terminate the employee's contract under the terms of the agreement."
Moreover, if the loan went into default, Inbursa could become a direct lender, allowing it to exercise its rights directly against Cablevision.
At the time of the crystallization, the "floating" charge is fixed and the beneficiary may then exercise its rights over it.58 The floating charge is based on property that has not already been specifically mortgaged or pledged.
The report argued further that the IFA's failure to take a stand against Israeli policies that inhibit the development of Palestinian soccer makes it difficult for the PFA to exercise its rights and fulfil its obligations in accordance with the statutes.
KPN said that it had been informed of the foundation's decision to exercise its rights to the company's preference shares.
Iran is fully committed to its obligations under the treaty and is firmly determined to exercise its rights.
The agreement, which expires on June 30, means that the insurer, ACA Financial Guaranty, will cover payments to the bondholders and will not immediately exercise its rights under the financing agreement, which include foreclosing on the museum's home.
The United States attorney's office in Maryland, which filed the case, had no comment on the order Thursday, and it was unclear whether it would exercise its right to appeal the decision.
The owner asked the board to exercise its right, which it did, and he bought the apartment himself.
But in an announcement made shortly before the deal with Acer, Gateway gave notice that it intended to "exercise its right of first refusal" to buy Packard Bell's parent company under the terms of an agreement with its owner.
Accusing the US of pushing to start a war, it vowed to exercise its right to launch a pre-emptive nuclear attack against its aggressors.
It did not exercise its right to speak in the Security Council.
