Common use of Agreement for Security Purposes Clause in Contracts

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. 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 ApprovalsAssigned Agreements).