ADDITION OR SUBSTITUTION OF COLLATERAL Sample Clauses

ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby deliver the following to the Treasurer as Collateral: Issue and Coupon CUSIP No. Maturity Date Original Par Value Current Price (& factor if pool)
Sample 1Sample 2
AutoNDA by SimpleDocs
ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby pledge the following securities to the Treasurer as Collateral: Issue and Coupon CUSIP No. Maturity Date Original Par Value Market Value (& factor if pool)
Sample 1Sample 2
ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby deliver the following to the Treasurer as Collateral: [Insert description of Letter of Credit or Insurance Policy]
Sample 1
ADDITION OR SUBSTITUTION OF COLLATERAL. The Parent Guarantor or the Company may from time to time add new Eligible Equipment to the Borrowing Base (x) in order to remedy any deficiency in the Borrowing Base or (y) in substitution for any item of Eligible Equipment; provided that at the time of each such addition, substitution or removal: (a) no Event of Default hereunder exists or will exist giving effect thereto; and (b) if a replacement or substitution, such item(s) of Equipment is Eligible Equipment and is of the same or functionally similar type as the Equipment being replaced (e.g., dry cargo containers substituted for dry cargo containers and refrigerated containers substituted for refrigerated containers) and which are not otherwise selected by the Parent Guarantor or the Company using any adverse selection criteria (e.g., generally substituting off-lease Equipment for removed Equipment which is then on-lease), and having an aggregate Net Book Value not less than the aggregate Net Book Value of the Equipment being replaced or removed;.
Sample 1

Related to ADDITION OR SUBSTITUTION OF COLLATERAL

  • 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.

  • Condition of Collateral Secured Party has no obligation to repair, clean-up or otherwise prepare the Collateral for sale.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • 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.

  • 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.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Valuation of Collateral Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.

  • Retention of Collateral In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

  • Preservation of Collateral Following the occurrence of a Default or Event of Default, in addition to the rights and remedies set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as Agent deems necessary to protect Agent’s interest in and to preserve the Collateral, including the hiring of such security guards or the placing of other security protection measures as Agent may deem appropriate; (b) may employ and maintain at any of any Borrower’s premises a custodian who shall have full authority to do all acts necessary to protect Agent’s interests in the Collateral; (c) may lease warehouse facilities to which Agent may move all or part of the Collateral; (d) may use any Borrower’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of Borrowers’ owned or leased property. Each Borrower shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will take such actions to preserve the Collateral as Agent may direct. All of Agent’s expenses of preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to Borrowers’ Account as a Revolving Advance maintained as a Domestic Rate Loan and added to the Obligations.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!