Application if no Default or Event of Default Exists. So long as no Default or Event of Default shall have occurred and be continuing, subject to the Borrower’s contractual obligations to other parties (including, without limitation, the Credit Agreement), the Borrower shall be allowed to receive and apply the Collateral and to carry on its business in accordance with sound business practices.
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Samples: Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp), Subordinated Security Agreement (World Acceptance Corp), Security Agreement (World Acceptance Corp)
Application if no Default or Event of Default Exists. So long as no Default or Event of Default shall have occurred and be continuing, subject to the Borrowereach Company’s contractual obligations to other parties (including, without limitation, the Credit Agreement), the Borrower such Company shall be allowed to receive and apply the Collateral relating to such Company and to carry on its business in accordance with sound business practices.
Appears in 3 contracts
Samples: Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp), Security Agreement (World Acceptance Corp), Security Agreement Supplement (World Acceptance Corp)
Application if no Default or Event of Default Exists. So long as no Default or Event of Default shall have occurred and be continuing, subject to the Borrowereach Company’s contractual obligations to other parties (including, without limitation, the Revolving Credit Agreement), the Borrower such Company shall be allowed to receive and apply the Collateral relating to such Company and to carry on its business in accordance with sound business practices.
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Application if no Default or Event of Default Exists. So long as no Default or Event of Default shall have occurred and be continuing, subject to the BorrowerCompany’s contractual obligations to other parties (including, without limitation, the Revolving Credit Agreement), the Borrower Company shall be allowed to receive and apply the Collateral and to carry on its business in accordance with sound business practices.
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