Common use of AS TO ALL COLLATERAL Clause in Contracts

AS TO ALL COLLATERAL. (a) Grantor shall not permit the ownership of any of the Collateral, or any legal or equitable interest therein, to become vested in any other person or entity unless otherwise permitted under or pursuant to the terms of the Credit Agreement; provided, however, until such time as Agent shall notify Grantor of the revocation of such power and authority Grantor (i) may in the ordinary course of its business, at its own expense, sell, lease or furnish under the contracts of service any of the Inventory and Equipment normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor for such purpose, (ii) will, at its own expense, endeavor to collect, as and when due, all amounts due with respect to any of the Collateral, including the taking of such action with respect to such collection as Agent may reasonably request or, in the absence of such request, as Grantor may deem advisable, and (iii) may grant, in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitled, and may accept, in connection therewith, the return of goods, the sale or lease of which shall have given rise to such Collateral. Agent however, may, at any time after the occurrence of an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Indebtedness, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise and surrender, release, or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby. Upon the written request of Agent after the occurrence of an Event of Default, Grantor will, at its own expense, within five (5) days after receipt of such request, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder. (b) Agent is authorized to endorse, in the name of Grantor, any item, howsoever received by Agent representing any payment on or other proceeds of any of the Collateral.

AS TO ALL COLLATERAL. (a) Until such time as the Collateral Agent shall notify the Grantor shall not permit (x) that a Security Event of Default has occurred and is continuing and (y) that the ownership of Collateral Agent is revoking, in whole or in part, any of the CollateralGrantor's following powers and authority, or any legal or equitable interest therein, to become vested in any other person or entity unless otherwise permitted under or pursuant to the terms of the Credit Agreement; provided, however, until such time as Agent shall notify Grantor of the revocation of such power and authority Grantor (i) may in the ordinary course of its business, at its own expense, sell, lease or furnish under the contracts of service any of the Inventory and Equipment normally held by the Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor for such purpose, (ii) will, at its own expense, endeavor to collect, as and when due, all amounts due with respect to any of the Collateral, including the taking of such action with respect to such collection as Agent may reasonably request or, in the absence of such request, as Grantor may deem advisable, and (iii) may grant, in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitledallowance, and may accept, in connection therewith, the return of goods, the sale or lease of which shall have given rise to such Collateral. The Collateral Agent may, however, may, at any time after the occurrence giving such notice of an a Security Event of Default, whether before or after any Default and the revocation of such power powers and authority authority, or after the maturity of any of the Secured IndebtednessObligations, notify any parties obligated on any of the Collateral to make payment to the Collateral Agent (including by deposit to any account or accounts designated by the Collateral Agent) of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise and surrender, release, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby. Upon the written request of the Collateral Agent at any time after the occurrence of an a Security Event of DefaultDefault has occurred and is continuing, the Grantor will, at its own expense, within five (5) days after receipt of such request, notify any parties obligated on any of the Collateral to make payment to the Collateral Agent of any amounts due or to become due thereunder. (b) Whenever a Security Event of Default has occurred and is continuing, the Collateral Agent is shall be authorized to endorse, in the name of the Grantor, any item, howsoever received by Agent the Collateral Agent, representing any payment on or other proceeds of any of the Collateral. (c) Whenever Borrower shall, in accordance with Section 6(G) of the Credit Agreement, sell any Collateral and apply the proceeds in accordance with Section 6(G) of the Credit Agreement, such Collateral shall be released from the lien of this Security Agreement and the Collateral Agent shall, at the cost and expense of the Borrower provide such documentation in connection therewith as Borrower may reasonably request.

AS TO ALL COLLATERAL. (a) Grantor shall not permit the ownership of any of the Collateral, or any legal or equitable interest therein, to become vested in any other person or entity unless otherwise permitted under or pursuant to the terms of the Credit Agreement; provided, however, until such time as Agent shall notify Grantor of the revocation of such power and authority Grantor Grantor (i) may in the ordinary course of its business, at its own expense, sell, lease or furnish under the contracts of service any of the Inventory and Equipment normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor for such purpose, (ii) will, at its own expense, endeavor to collect, as and when due, all amounts due with respect to any of the Collateral, including the taking of such action with respect to such collection as Agent may reasonably request or, in the absence of such request, as Grantor may deem advisable, and (iiiii) may grant, in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitled, and may accept, in connection therewith, the return of goods, the sale or lease of which shall have given rise to such Collateral. Agent however, may, at any time after the occurrence of an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Indebtedness, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise and surrender, release, or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby. Upon the written request of Agent after the occurrence of an Event of Default, Grantor will, at its own expense, within five (5) days after receipt of such request, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder. (b) Agent is authorized to endorse, in the name of Grantor, any item, howsoever received by Agent representing any payment on or other proceeds of any of the Collateral. (c) If any Collateral is in the possession of a third party, Grantor will join with Agent in notifying the third party of Agent’s security interest therein and obtaining an acknowledgment from the third party that it is holding the Collateral for the benefit of Agent.

AS TO ALL COLLATERAL. (a) Grantor shall not permit the ownership of any of the Collateral, or any legal or equitable interest therein, to become vested in any other person or entity unless otherwise permitted under or pursuant to the terms of the Credit Agreement; provided, however, until such time as Agent shall notify Grantor of the revocation of such power and authority Grantor (i) may in the ordinary course of its business, at its own expense, sell, lease or furnish under the contracts of service any of the Inventory and Equipment normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor or any Third Party for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Grantor for such purpose, (ii) will, at its own expense, endeavor to collect, as and when due, all amounts due with respect to any of the Collateral, including the taking of such action with respect to such collection as Agent may reasonably request or, in the absence of such request, as Grantor may deem advisable, and (iii) may grant, ,in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitled, and may accept, in connection therewith, the return of goods, the sale or lease of which shall have given rise to such Collateral. Agent however, may, at any time after the occurrence of an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Indebtedness, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise and surrender, release, or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby. Upon the written request of Agent after the occurrence of an Event of Default, Grantor will, at its own expense, within five (5) days after receipt of such request, notify any parties obligated on any of the Collateral to make payment to Agent of any amounts due or to become due thereunder. (b) Agent is authorized to endorse, in the name of Grantor, any item, howsoever received by Agent representing any payment on or other proceeds of any of the Collateral.