Acceptance of Collateral Sample Clauses

Acceptance of Collateral. The Collateral Agent has no duty to solicit the deposit of any Collateral with it by any Grantor or other Person and agrees to accept all Collateral to be delivered to or held by the Collateral Agent pursuant to the terms of this Agreement or any other Collateral Document. The Collateral Agent shall, on behalf and for the benefit of the Secured Parties, be the beneficiary and hold and safeguard any Collateral delivered to it during the term of this Agreement or any other Collateral Document as specified herein or therein and shall hold such Collateral in accordance with the provisions of this Agreement or such other Collateral Document, as the case may be; provided that the Collateral Agent shall not be required to hold or safeguard the Collateral with a higher degree of care than it holds and safeguards its own property.
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Acceptance of Collateral. The Lenders shall have the right, in their sole discretion, and after performing such due diligence as the Lenders desire in their sole discretion, to accept or reject any project offered as an additional Borrowing Base Property. The Lenders shall not unreasonably withhold their acceptance of an apartment project owned in fee simple by the Company or any Wholly-Owned Subsidiary offered as a Borrowing Base Property hereunder if, through the due diligence contemplated hereby, the Lenders determine that the project is of a quality and character, and is located in a geographical market, which is consistent with the then-current or any previous Borrowing Base Properties hereunder or under the Previous Credit Agreement. The Company shall at its expense provide the Agent and the Lenders with the following due diligence materials and information with respect to any project offered as a Borrowing Base Property hereunder, at least six (60) days prior to the delivery by the Company of the initial Borrowing Notice with respect to such project: (A) an Appraisal; (B) a preliminary title report and an ALTA survey meeting the Agent's customary requirements; (C) written advice relating to such lien and judgment searches as the Agent shall have requested of the Company with respect to such Borrowing Base Property; (D) an environmental site assessment with respect to such Borrowing Base Property, dated as of a recent date, prepared by a qualified firm acceptable to the Agent, identifying any conditions or operations on such property that are not in compliance with any Environmental Laws and any Hazardous Materials located thereon, showing Estimated Remediation Costs, if any, and stating that there are no conditions on such property or other items requiring further investigation or remediation, and any follow-on or supplemental report required by the Agent, together with the Agent's standard form Environmental Questionnaire and Disclosure Statement completed by the Company; (E) if required by the Agent, a report regarding structural, siting, engineering, seismic and code/legal compliance (including compliance with the Americans With Disabilities Act) matters; (F) current, certified rent roll and other reports of the financial and operating results (for the most recent 12-month period) and projections for the property setting forth in such format as the Agent may require the information relevant to such property necessary to calculate the Revolving Facility Debt Service Covera...
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Acceptance of Collateral. 28 Section 7.05 The Collateral Agent May Perform.............................................................28 Section 7.06 Duties.......................................................................................29 Section 7.07 Liability....................................................................................30 Section 7.08 Successor Collateral Agent and Depository Bank...............................................30
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Acceptance of Collateral. In reliance upon the representations and warranties of the Debtor and Secured Party contained herein and subject to the terms and conditions set forth herein, at Closing: (i) Secured Party shall accept the Collateral in satisfaction of $35,555.00 of principal and interest obligations secured under the Debentures; and (ii) Debtor has no objections to Secured Party accepting the Collateral in satisfaction of $35,555.00 of principal and interest obligations under the Debentures and agrees to waive any and all notice periods under the applicable Uniform Commercial Code and further agrees that it will not seek to redeem the Collateral prior to Closing.
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Acceptance of Collateral. The Required Banks shall have the right, in their sole discretion, and after performing such due diligence as the Required Banks desire in their sole discretion, to accept or reject any real property offered as Collateral. The Borrower shall at its expense provide the Required Banks with all requested due diligence materials and information, including, without limitation, title reports, environmental reports, soils reports, flood plain information, entitlement documents and plans and specifications, occupancy permits, operating statements and rent rolls, with respect to any offered real property.
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Acceptance of Collateral. 59 Section 7.05 The Collateral Agent May Perform 60 Section 7.06 Duties 60 Section 7.07 Liability 61 Section 7.08 Successor Collateral Agent, Depository Bank and Intercreditor Agent 61
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Acceptance of Collateral 
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Related to Acceptance of Collateral

  • Maintenance of Collateral Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Silicon in writing of any material loss or damage to the Collateral.

  • Insurance of Collateral Borrower shall maintain and pay for insurance upon all Collateral wherever located and with respect to the business of Borrower and each of its Subsidiaries, covering casualty, hazard, public liability, workers' compensation and such other risks in such amounts and with such insurance companies as are reasonably satisfactory to Agent. Borrower shall deliver certified copies of such policies to Agent as promptly as practicable, with satisfactory lender's loss payable endorsements, naming Agent as a loss payee, assignee or additional insured, as appropriate, as its interest may appear, and showing only such other loss payees, assignees and additional insureds as are satisfactory to Agent. Each policy of insurance or endorsement shall contain a clause requiring the insurer to give not less than 10 days' prior written notice to Agent in the event of cancellation of the policy for nonpayment of premium and not less than 30 days' prior written notice to Agent in the event of cancellation of the policy for any other reason whatsoever and a clause specifying that the interest of Agent shall not be impaired or invalidated by any act or neglect of Borrower, any of its Subsidiaries or the owner of the Property or by the occupation of the premises for purposes more hazardous than are permitted by said policy. Borrower agrees to deliver to Agent, promptly as rendered, true copies of all reports made in any reporting forms to insurance companies. Unless Borrower provides Agent with evidence of the insurance coverage required by this Agreement, Agent may purchase insurance at Borrower's expense to protect Agent's interests in the Properties of Borrower and its Subsidiaries. This insurance may, but need not, protect the interests of Borrower and its Subsidiaries. The coverage that Agent purchases may not pay any claim that Borrower or any Subsidiary makes or any claim that is made against Borrower or any such Subsidiary in connection with said Property. Borrower may later cancel any insurance purchased by Agent, but only after providing Agent with evidence that Borrower and its Subsidiaries have obtained insurance as required by this Agreement. If Agent purchases insurance, Borrower will be responsible for the costs of that insurance, including interest and any other charges Agent may impose in connection with the placement of insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to the Obligations. The costs of the insurance may be more than the cost of insurance that Borrower and its Subsidiaries may be able to obtain on their own.

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Secured Party as set forth in Section 7.06 of the Credit Agreement.

  • Purchase of Collateral Credit bid and purchase all or any portion of the Collateral at any public sale. Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrower.

  • Substitution of Collateral A Fund may substitute securities for any securities identified as Collateral by delivery to the Custodian of a Pledge Certificate executed by such Fund on behalf of the applicable Portfolio, indicating the securities pledged as Collateral.

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Removal of Collateral Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

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