Common use of As to Collateral Clause in Contracts

As to Collateral. (a) Until the occurrence and continuance of an Event of Default, such 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 normally held by such Grantor 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 such 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 the Secured Party may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such Grantor may reasonably 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. The Secured Party may, at any time following an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party 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 request of the Secured Party following an Event of Default, such Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party of any amounts due or to become due thereunder.

As to Collateral. (a) Until the occurrence and continuance of an Event of Default, such the Grantor (i) may 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 normally held by such the Grantor 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 such the 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 the Secured Party may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably 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. The Secured Party may, at any time following an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party 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 request of the Secured Party following an Event of Default, such the Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party of any amounts due or to become due thereunder.

As to Collateral. (a) Until such time as the occurrence Agent shall notify the Grantor of the revocation of such power and continuance of an Event of Default, such authority the 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 normally held by such the Grantor 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 such the 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 the Secured Party Agent may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably 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. The Secured Party Agent, however, may, at any time following upon the occurrence and during the continuation of an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party 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 request of the Secured Party following an Event of DefaultAgent, such the Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Agent of any amounts due or to become due thereunder.

As to Collateral. (a) Until such time as the Designated Purchaser shall notify Grantor of the revocation of such power and authority after the occurrence and during the continuance of an any Event of Default, such 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 normally held by such Grantor for such purpose, and use and consume, in the ordinary course of its business, consume any raw materials, work in process or materials normally held by such Grantor for such purpose, and sell or otherwise dispose of any other Collateral, (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 the Secured Party Designated Purchaser may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such Grantor may reasonably deem advisable, ; and (iii) may grant, in the ordinary course of business, grant 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. The Secured Party Designated Purchaser, however, may, at any time following an the occurrence and during the continuance of any Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party Designated Purchaser 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 request of the Secured Party following an Designated Purchaser after the occurrence and during the continuance of any Event of Default, such Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Parties of any amounts due or to become due thereunder.

As to Collateral. (a) Until the occurrence and continuance of such time as an Event of DefaultDefault shall have occurred and be continuing and the Collateral Agent shall have notified the Grantor of the revocation of such power and authority (provided that subject to the rights and remedies of the Collateral Agent hereunder, such the Grantor shall be permitted to use inventory consisting of spares for the operation of the Vessels), the 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 normally held by such Grantor 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 such 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 the Secured Party Collateral Agent may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably 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. The Secured Party mayWithout limiting the generality of the foregoing, at any time following the Collateral Agent shall be entitled upon the occurrence and continuation of an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, Default to notify any parties obligated on any of the Collateral to make payment to the Secured Party Collateral Agent for deposit to the Collateral Account of any amounts due or to become due thereunder and may 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 request of the Secured Party following an Event of Default, such The Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Collateral Agent for deposit to the Collateral Account of any amounts due or to become due thereunder.

As to Collateral. (a) Until the occurrence and continuance of an Event of Default, and such time as the Beneficiary shall notify the Grantor of the revocation of such power and authority, the Grantor (i) may in the ordinary course of its businessbusiness (except as otherwise permitted under the Loan Agreement), at its own expense, sell, lease or furnish under the contracts of service any of the Inventory normally held by such the Grantor for such purpose, and use and consume, in the ordinary course of its businessbusiness (except as otherwise permitted under the Loan Agreement), any raw materials, work in process or materials normally held by such the 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 the Secured Party Beneficiary may reasonably request following during the occurrence existence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably deem advisable, and (iii) may grant, in the ordinary course of businessbusiness (except as otherwise permitted under the Loan Agreement), 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. The Secured Party Beneficiary, however, may, at any time following during the existence of an Event of Default of the nature set forth in Section 6.1.8 of the Loan Agreement or an Event of Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party Beneficiary 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 request of the Secured Party following Beneficiary during the existence of an Event of Default, such the Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Beneficiary of any amounts due or to become due thereunder.

As to Collateral. (a) Until the occurrence and continuance of an Event of a Specified Default, and such time as the Administrative Agent shall notify such Grantor of the revocation of such power and authority such Grantor (i) may in the ordinary course of its businessbusiness (except as otherwise permitted under the Credit Agreement), at its own expense, sell, lease or furnish under the contracts of service any of the Inventory normally held by such Grantor for such purpose, and use and consume, in the ordinary course of its businessbusiness (except as otherwise permitted under the Credit Agreement), any raw materials, work in process or materials normally held by such 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 the Secured Party Administrative Agent may reasonably request following the occurrence of an Event of a Specified Default or, in the absence of such request, as such Grantor may reasonably deem advisable, and (iii) may grant, in the ordinary course of businessbusiness (except as otherwise permitted under the Credit Agreement), 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. The Secured Party Administrative Agent, however, may, at any time following an Event of a Specified Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party Administrative 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 request of the Secured Party Administrative Agent following an Event of a Specified Default, such Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Administrative Agent of any amounts due or to become due thereunder.

As to Collateral. (a) Until such time as the occurrence Collateral Agent shall have notified the Grantor of the revocation of such power and continuance of an Event of Defaultauthority, such the 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 normally held by such the Grantor 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 such the 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 the Secured Party Collateral Agent may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably 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. The Secured Party may; provided, at any time following however, that such power and authority granted in the preceding sentence shall not be revoked prior to the occurrence of an Event of Default. The Collateral Agent however, at any time, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party Collateral Agent for deposit to the Collateral Account 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 request of the Secured Party following an Event of Default, such The Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Collateral Agent for deposit to the Collateral Account of any amounts due or to become due thereunder.

As to Collateral. (a) Until the occurrence and continuance of an Event a Specified Event, and such time during any period that the Credit Agreement is not in effect, as the Collateral Agent shall notify such Grantor of Default, the revocation of such power and authority such Grantor (i) may in the ordinary course of its businessbusiness (except as otherwise permitted under the Indenture), at its own expense, sell, lease or furnish under the contracts of service any of the Inventory normally held by such Grantor for such purpose, and use and consume, in the ordinary course of its businessbusiness (except as otherwise permitted under the Indenture), any raw materials, work in process or materials normally held by such 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 the Secured Party Collateral Agent may reasonably request following the occurrence of an a Specified Event of Default or, in the absence of such request, as such Grantor may reasonably deem advisable, and (iii) may grant, in the ordinary course of businessbusiness (except as otherwise permitted under the Indenture), 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. The Secured Party Collateral Agent, however, may, at any time following an a Specified Event of Defaultduring any period that the Credit Agreement is not in effect, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party 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, 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 request of the Secured Party Collateral Agent following an a Specified Event of Defaultduring any period that the Credit Agreement is not in effect, such Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Collateral Agent of any amounts due or to become due thereunder.

As to Collateral. (a) Until such time as the occurrence Agent shall notify the Grantor of the revocation of such power and continuance of an Event of Default, such authority the 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 normally held by such the Grantor 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 such the 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 the Secured Party Agent may reasonably request following the occurrence of an Event of Default or, in the absence of such request, as such the Grantor may reasonably 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 Exhibit E-11 connection therewith, the return of goods, the sale or lease of which shall have given rise to such Collateral. The Secured Party Agent, however, may, at any time following an Event time, after the occurrence and during the continuance of a Default, whether before or after any revocation of such power and authority or the maturity of any of the Secured Obligations, notify any parties obligated on any of the Collateral to make payment to the Secured Party 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 debtedness thereunder or evidenced thereby. Upon request of the Secured Party following an Event of DefaultAgent, such the Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Secured Party Agent of any amounts due or to become due thereunder.