Agreement for Security Purposes. This Agreement is for security ------------------------------- purposes only. Accordingly, the Collateral Agent shall not, pursuant to this Agreement, enforce Grantor's rights with respect to the Collateral, including the exercise of any rights granted under the Consents, until such time as an Event of Default shall have occurred and is continuing at the time such enforcement is sought, and after any required notice of such enforcement has been given, and until such time, subject to the terms of the Indenture and the other Financing Documents, Grantor reserves the right to exercise all of its right, title and interest in, to and under the Collateral (including the Governmental Approvals).
Agreement for Security Purposes. 12 18. Liability................................................. 12
Agreement for Security Purposes. This Pledge Agreement is for security purposes only. Accordingly, Collateral Agent shall not, pursuant to this Pledge Agreement enforce any of Member’s rights with respect to the Collateral until such time as an Event of Default shall have occurred and be continuing, and until such time Member reserves the right to, and shall be entitled to, use and possess the Collateral and exercise all of its right, title and interest in, to and under the Collateral.
Agreement for Security Purposes. This agreement is for security purposes only. Accordingly, the Agent shall not have a right, pursuant to this Agreement, to enforce Grantor's rights with respect to the Collateral until such time as an Event of Default shall have occurred and is continuing at the time such enforcement is sought.
Agreement for Security Purposes. This Agreement is for security purposes and is provided pursuant to the Equipment Loan Agreement. Accordingly, the Lender shall not, pursuant to this Agreement, exercise its rights and remedies hereunder with respect to the Collateral unless, at the time such enforcement is sought an Event of Default has occurred and is continuing under the Equipment Loan Agreement, and until such time, subject to the terms of the Equipment Loan Agreement and the other Credit Documents, the Grantor reserves the right to, and shall be entitled to use and possess, the Collateral and to exercise all of the Grantor’s right, title and interest in, to and under the Collateral.
Agreement for Security Purposes. This Agreement is for security purposes only. Accordingly, Agent shall not, pursuant to this Agreement (except to the extent expressly provided herein), enforce Borrower's rights with respect to the Collateral, including the exercise of any rights granted under or in respect of the Receivable Collateral, until such time as an Event of Default shall have occurred, and until such time, subject to the terms of the Loan Documents, Borrower reserves the right to exercise all of its right, title and interest in, to and under the Collateral (including the Receivable Collateral).
