Benefits of Collateral Sample Clauses

Benefits of Collateral. The benefits of the security interest in any of the Collateral that is margin stock (the “Margin Stock Collateral”) created by the Pledge Agreement shall be allocated first to the benefit and security of the payment of the principal and interest on the Reg U Credits of the Lenders and of all other amounts payable by Contran under this Agreement in connection with the Reg U Credits (collectively, the “Reg U Amounts”) and second, only after the payment in full of the Reg U Amounts, to the benefit and security of the payment of the principal and interest on the Non-Reg U Credits of the Lenders and of all other amounts payable by Contran under this Agreement in connection with the Non-Reg U Credits (collectively, the “Non-Reg U Amounts”). The benefits of the security in Collateral other than Margin Stock Collateral shall be allocated first to the benefit and security of the payment of the Non-Reg U Amounts and second, only after the payment in full of the Non-Reg U Amounts, to the benefit and security of the payment of the Reg U Amounts.
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Benefits of Collateral. Administrative Agent shall hold the Collateral required to be pledged and deposited by the Loan Parties to Administrative Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of Lenders as security for the payment of all Obligations. Upon payment in full of all Obligations and termination of all Commitments, Administrative Agent shall release, if not sooner released pursuant to SECTION 5.01(d), all of the Collateral remaining in its possession to Borrower and shall notify each Lender of the release. Except as otherwise expressly provided for in this Article 5, Administrative Agent, in its own name or in the name of Borrower, may enforce any of the Collateral or the security therefor by any mode provided under the Loan Documents or by the law of the state in which the Collateral or in which any real property subject to any of the Collateral is located, and may collect and receive proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. The Agent shall hold all of the Collateral, along with all payments and proceeds arising therefrom, for the benefit of all Banks as ratable security for the payment of the Obligations. Upon payment in full of the Obligations, the Agent shall release all of the Collateral remaining in the Agent's possession to the Borrower and shall notify each Bank of such action. The Agent, in its own name or in the name of the Borrower, may enforce any of the Collateral or the security therefor by any mode provided under the Credit Documents or by applicable law, and may collect, receive and receipt for all proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. 34 5.06. STATUS OF COLLATERAL IN EVENT OF DEFAULT.......................................................35
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Benefits of Collateral. Agent shall hold the Collateral required to be pledged and deposited by the Borrowers to Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of the Banks as security for the payment of all Obligations. Upon payment in full of all Obligations, Agent shall release all of the Collateral remaining in its possession to the Borrowers and shall notify each Bank of the release. Except as otherwise expressly provided for in this Article 4, Agent, in its own name or in the name of the Borrowers, may enforce any of the Collateral or the security therefor by any mode provided under the Loan Documents or by the law of the state in which the Collateral or in which any real property subject to any of the Collateral is located, and may collect and receive proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. Where possession of Collateral is required to perfect the Security Interests, Tosi xxxll hold such Collateral required to be pledged and deposited by Borrower or a Subsidiary under the terms of the Security Instruments, along with all payments and proceeds arising therefrom, for the benefit of both Secured Parties as ratable security for the payment of the Notes in accordance with the respective Percentage Interests of Secured Parties. All payments and proceeds of every kind from any Collateral, when directly received by a Secured Party (whether from payments on or with respect to the Collateral, from foreclosure and sale to third parties, from sale of Collateral subsequent to a foreclosure at which Tosi xx Chisxxxx xxx the purchaser, or otherwise), shall be held by it as a part of the Collateral and, except as otherwise expressly provided hereinafter, shall be applied to the Notes in the manner set forth in Section 3. Unless and until the Notes are paid in full, upon payment of a Note, the Secured Party holding any Collateral given to secure such Note shall not re-deliver or release any such Collateral to Borrower or any Subsidiary, but shall deliver any such Collateral to the Secured Party whose Note is then unpaid and outstanding. Notwithstanding anything in this Agreement to the contrary, however, Borrower agrees that all payments of principal it makes under the Notes shall be made to both Secured Parties in accordance with their respective Percentage Interests (except to the extent that a Secured Party may choose to convert part or all of such principal into shares of Borrower's common stock in accordance with the provisions of the applicable Loan Agreement).
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Benefits of Collateral. 29 3.07. Guaranty........................................................ 29
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Benefits of Collateral. Administrative Agent shall hold the Mortgaged Properties, the Capital Stock of the Subsidiaries described in Section 3.01(b) above and other collateral required to be pledged and deposited by the Loan Parties to Administrative Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of Banks as security for the payment of the Notes and Obligation. Except as otherwise expressly provided for in this Article 3, Administrative Agent, in its own name or in the name of Company or Arkoma Holding, may enforce any of the Collateral Documents or the security therefor by any method provided under the Loan Documents or by the law of the state in which the Mortgaged Properties or in which any real property subject to any of the Collateral Documents is located, and may collect and receive proceeds receivable on account of ownership of the Mortgaged Properties.
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Related to Benefits of Collateral

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Locations of Collateral (a) Properties Owned by the Grantor: (b) Properties Leased by the Grantor or other related entity (Include Landlord’s Name): (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

  • Releases of Collateral (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall continue as a first priority lien on all Pledged Equity not expressly released or substituted.

  • Protection of Collateral (a) The Issuer will (i) execute and deliver all such supplements and amendments to this Indenture and instruments of further assurance and other instruments, (ii) file or authorize and cause to be filed all such financing statements and amendments and continuations of such financing statements and (iii) take such other action, in each case necessary or advisable to: (A) maintain or preserve the Lien and security interest (and the priority of such security interest) of this Indenture or carry out more effectively the purposes of this Indenture; (B) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (C) enforce any of the Collateral; or (D) preserve and defend title to the Collateral and the rights of the Indenture Trustee and the Secured Parties in the Collateral against the claims of all Persons. (b) The Issuer authorizes the Administrator and the Indenture Trustee to file any financing or continuation statements, and amendments to such statements, in all jurisdictions and with all filing offices as are necessary or advisable to preserve, maintain and protect the interest of the Indenture Trustee in the Collateral. Such financing and continuation statements may describe the Collateral in any manner as the Administrator or the Indenture Trustee may reasonably determine to ensure the perfection of the interest of the Indenture Trustee in the Collateral (including describing the Collateral as “all assets” of the Issuer). The Administrator or the Indenture Trustee, as applicable, will deliver to the Issuer file-stamped copies of, or filing receipts for, any such financing statement and continuation statement promptly upon such document becoming available following filing. (c) The Indenture Trustee is under no obligation (i) to make any determination of whether any such financing or continuation statements, and amendments to such statements, are required to be filed pursuant to this Section 3.5 or (ii) to file any such financing or continuation statements, or amendment to such statements, and will not be liable for failure to do so.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

  • Establishment of Collateral Accounts Securities Intermediary acknowledges and agrees that: (i) it has established and is maintaining on its books and records the accounts identified on the attached Schedule 1 (each such account, together with any replacements thereof or substitutions therefor, the “Collateral Account” and such accounts, collectively, the “Collateral Accounts”) in the name of the Borrower; (ii) each Collateral Account is a “securities account” (within the meaning of Section 8-501(a) of the UCC) in respect of which Securities Intermediary is a “securities intermediary” (within the meaning of Section 8-102(a)(14) of the UCC and, with respect to any Book-Entry Security, within the meaning of Federal Book-Entry Regulations) and the Security Agent is the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC); provided, however, that if, notwithstanding the intention of the parties hereto, all or any portion of the Collateral Account is determined to be a “deposit account” (within the meaning of Section 9-102 of the UCC) rather than a “securities account,” then the Securities Intermediary represents, warrants, covenants and agrees that it is a “bank” (as defined in Section 9-102(a)(8) of the UCC) and will treat the Borrower as its customer (within the meaning of Section 9-104(a)(3) of the UCC) with respect to the Collateral Accounts (or portion thereof); (iii) all property delivered, or to be delivered, to Securities Intermediary pursuant to this Agreement is, and will be, promptly credited to the Collateral Accounts; (iv) it does not know of any claim to or interest in any Collateral Account or any assets or funds therein, except for claims and interests of the parties to this Agreement as set forth herein; and (v) it shall not change the name or account number of any Collateral Account without the prior written consent of the Security Agent. Except as provided in Section 2(b), Securities Intermediary agrees that it shall not take “entitlement orders” (as defined in Section 8-102(a)(8) of the UCC) or “instructions” (within the meaning of Section 9-104(a)(2) of the UCC) with respect to the Collateral Accounts or any assets or funds therein from any Person other than the Security Agent.

  • Retention of Collateral In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

  • Rights of Collection Exercise on behalf of the Lenders all of its other rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Borrower's Obligations.

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